If you’re looking for a deep-pocketed co-investor for your next buyout or venture deal, you may want to try Jefferson River Capital, the single family office of Tony James, executive vice chairman of The Blackstone Group.
Based in New York City, Jefferson River makes both direct and co-investments in business services and
healthcare companies, typically with EBITDA of $2 million to $5 million. In one of its most recent deals, the family office participated in a $16 million Series C round in January for Procyrion, which is developing a heart pump for early stage heart failure. Three months earlier, Jefferson River led a $40 million round in Digital Asset, a blockchain startup.
In addition to venture capital and buyout deals, the family office also does growth-equity and mezzanine transactions. It gets its deal flow from relationships of the managers that have been in the investment space for decades. The companies it backs usually have little or no access to debt capital, a higher cash volatility and lower purchase price.
The person in charge at Jefferson River is President David Wittels. He can be reached at (212) 805-8111 or via email at dwittels@jrivercapital.com.
Other staffers include Senior Managing Directors Richard Dresdale, Bill Helm and Derek Irwin, Principal Michael Somma, Vice President Matthew Clancy, and Associate Aaron Hazan, according to LinkedIn.
For more details on Jefferson River, see its profile in our Family Office Database.
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