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Industry Executives Launch Everside Capital Partners

October 07, 2016, 07:54 AM
Filed Under: New Venture

Moritz Poehl and Nate Kirk announced the launch of Everside Capital Partners, which is focused exclusively on the U.S. middle and lower-middle business marketplace. Everside will pursue attractive opportunities in direct lending and invest in middle and lower-middle market investment firms with the support of sophisticated, like-minded and institutional long-term partners. Kirk said, “Everside is creating a carefully selected, highly diversified portfolio of investments in established US middle and lower-middle market businesses that are looking to finance attractive growth opportunities.”

Everside is an independently owned investment firm, focused on the middle and lower-middle market. It searches diligently for great partnerships with investors and the people and institutions with whom it invests. The firm provides partners with access to the US middle and lower-middle market, diversified by geography and industry. Everside’s approach is based on the cooperation and trust that derives from (i) partnering with geographically focused top performing fund managers and (ii) by having its own highly efficient and scalable origination platform along with a rigorous underwriting and monitoring process executed by an experienced team.

Moritz said, “Everside, together with its long-term partners, believes that this market provides superior risk-adjusted returns. Smaller businesses are underserved by banks and large asset managers, a trend that we see continuing; we are excited about partnering with these businesses to realize their full potential.”

The firm is fortunate to have selected exceptional institutional capital partners that share the same values and a strong investment track record. Those qualities, the Everside founders believe, are important in building a sustainable and successful business.

Moritz is a founder and Managing Partner of Everside. Prior to Everside, Moritz worked at Barclays Capital in its leveraged finance group managing natural resource, infrastructure, renewable energy and power transactions. Moritz was actively involved in the financing of LBO’s, dividend recapitalizations, debut high yield and corporate loan issuances, in addition to several refinancings and corporate restructurings. Previously, he was a junior portfolio manager at Gabelli Asset Management, a $50 billion publicly listed asset management company based in New York, focusing on merger arbitrage, special situations, work-outs and energy companies in the US and Europe. Before Gabelli, Moritz worked at Lehman Brothers in Lehman’s TMT Investment Banking group.

Kirk is a founder and Managing Partner of Everside. Prior to Everside, Nate spent six years at Third Avenue Management where he was a Portfolio Manager of the Focused Credit Fund, which managed over $3 billion in credit investments. During his tenure, the fund invested in over 70 restructurings, many of which included roles with active board involvement. His focus was on distressed, stressed, and performing credit opportunities in the chemicals, consumer products, education, healthcare, industrial services, oil services, and transportation industries in the US and Europe. Prior to Third Avenue, Nate spent several years at J.P. Morgan, most recently in the high yield research group.

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