Steve Clearman

Geocapital Partners focuses on investments in early-stage, North American and European companies in the information services and technology sectors. The firm targets opportunities to invest in entrepreneurs who have bootstrapped themselves into the post-startup stage of early revenue generation. They are particularly interested in companies involved in (2) business marketing services (2) communications and networking (3) e-Commerce and (4) enterprise applications solutions and services. Within these sectors, Geocapital Partners targets companies that are developing solutions that serve significant market needs such as optical networking hardware, electronic retail marketing, multi-media tools, online recruiting, transaction processing, e-Business consulting, network management, integrated telecommunications services and operations software. Geocapital Partners firm looks for companies with: (1) strong management teams (2) defensible business models (3) products and services that address significant market needs (4) histories of high revenue growth and (5) the potential for market leadership. Investments generally range from $500,000 to a few million dollars. The firm also manages the Kinderhook Partners LP, a venture capital fund that makes long-term investments in promising, growing, micro-cap publicly-traded companies and, to a lesser degree, promising private companies. Kinderhook Partners buys: (1) blocks of stock from existing shareholders (2) shares trading on the open market or (3) shares directly from a company to provide capital. The fund seeks to invest in a concentrated portfolio of companies that have the potential to grow substantially over at least a 3 to 5 year period and in which the interests of management are closely aligned with the interests of shareholders. The fund considers investment opportunities in a variety of industries, focusing on companies which have sustainable attractive margins and returns on equity. While Kinderhook Partners does do extensive due diligence on companies utilizing a wide range of publicly available information, the fund generally does not become insiders or take board seats. The fund acquires positions by either buying stock on the open market, through block transactions, or through private placements, typically targeting positions of $5 million to $20 million. When investing through private placements, Kinderhook Partners favors uncomplicated common stock purchases which can be carried out quickly and with limited transaction costs. The fund's investors have agreed to lengthy lock-up periods, giving the fund the flexibility to invest for the long-term in even extremely thinly-traded, illiquid stocks. The managers of the fund all have significant amounts of their net worth invested in the fund and are in aggregate the largest owners of the fund.

Kinderhook Partners invests in public and private companies located in the United States. The firm focuses on a broad range of sectors and industries. It participates in growth and buyout transactions and also acquires minority interests.

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