Cascadia Capital, a leading diversified investment bank serving middle market clients globally, is pleased to announce the formation of an Investment Club whose members are a select group of leading family offices and like-minded capital providers. The Investment Club is being formed to make long term, patient direct investments in privately held companies headquartered in the Pacific Northwest. The Investment Club is seeking to invest $300 to $500 million with a target of $25 to $75 million per investment.
In addition to Cascadia Capital’s Merchant Banking Affiliate, Cascadia Private Capital, the founding members of the Investment Club are Scout Partners LLC and Petrus Asset Management Company. Other members may join the Investment Club over time.
Commenting on the formation of the Investment Club, Michael Butler, CEO of Cascadia Capital, noted “At Cascadia Capital, we have long believed there is a large and growing opportunity in the Pacific Northwest for patient capital to make direct investments in family-owned and privately-held companies who want to retain independence and desire an alternative to selling to a competitor or to institutional private equity funds. Cascadia is honored to form this partnership with these premier investors who bring their skills and knowledge to this region. Access to this capital will broaden the range of services we can offer to our core client base, namely the business owner and entrepreneur.”
David Howe, CEO of Scout Partners LLC added, “As a founding member of the Investment Club, I look forward to seeking opportunities to partner with leading businesses in the Pacific Northwest. The Investment Club members all share a common philosophy of making patient investments in companies to create value over the long term for all involved.”