Hidden River raises $245m for maiden fund

Based in Philadelphia, Hidden River focuses on providing flexible junior capital for small businesses.

  • Steve Gord, Todd Morrissey and Kevin Condon serve as founding partners
  • Hidden River Strategic Capital invests $5 million to $25 million into U.S.-based businesses typically generating at least $10 million of revenues

Hidden River Strategic Capital has closed its inaugural fund at $245 million.

Based in Philadelphia, Hidden River focuses on providing flexible junior capital for small businesses.

Hidden River will support management teams who will continue to own and operate their business, while using the fund’s investment for growth, acquisitions, inactive shareholder recapitalizations and other strategic initiatives.

“Throughout their investment careers, our founders have consistently seen small companies struggle to find the right partner when the capital need sits somewhere between the traditional boxes of mezzanine debt and growth equity.” said Graham Bachman, managing director of business development in a statement. “We look forward to providing funding solutions to owner-operators that don’t saddle them with inflexible debt on the one hand or crowd them out as leaders of their business on the other.”

Steve Gord, Todd Morrissey and Kevin Condon serve as founding partners.

Hidden River Strategic Capital invests $5 million to $25 million into U.S.-based businesses typically generating at least $10 million of revenues.