OUR STRATEGY
The Strategy
PHILOSOPHY
- We expect later-stage investments to yield less volatility in returns
- Focusing on solid, growing companies (as opposed to searching for “unicorns”)
- Debt structure to create earlier liquidity events
- Fewer zeros because of protected debt structure
- Looking for companies from sectors that have historically been overfunded with proven business models
- Debt window of 2-3 years
- Less vintage variation
CPH OBJECTIVES
- We expect later-stage investments to yield less volatility in returns
- Focusing on solid, growing companies (as opposed to searching for “unicorns”)
- Debt structure to create earlier liquidity events
- Fewer zeros because of protected debt structure
- Looking for companies from sectors that have historically been overfunded with proven business models
- Debt window of 2-3 years
- Less vintage variation
Family Office
Sponsored Companies
Family offices that have one deal they have put a little too much money into over too long a period of time, need a professional investor to come in, take the funding responsibility off their hands, and set a clock on the deal.
Non-Institutional
Backed Businesses
Founders that have managed to get through Series A and Series B without institutional financing but find it very difficult to get Series C financing.
Non-Darling
Portfolio Companies of VC funds
CPH is happy to finance the businesses that are not on the “rocket ship trajectory” but that we believe are solid companies with decent growth prospects.
WORK WITH CPH
Structure
The CPH debt structure is designed to allow for a less disruptive and more streamlined diligence process which we expect to lead to a quicker path to financing
Valuation
CPH believes it is less valuation sensitive than traditional VC investors due to downside protection and short-term maturity of debt
Advocacy
Management-friendly investors that act as advocates for companies “orphaned” by VC firms