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Investment Size:
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$2-4 million
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Structure:
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Senior or subordinated debt with detachable equity warrants.
An all equity structure, in lesser amounts, is an alternative.
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Industry Focus:
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PMF will invest in a broad range of manufacturing, technology,
software, intellectual property, and service industries.
We prefer industries with longer product life cycles, and
with manageable risk of technological obsolescence.
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Management:
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Management teams must be able to demonstrate previous
ability to manage an organization of comparable scale and
complexity as the proposed investment. We look for management
with a proven track record of integrity, commitment, experience,
and dedication to growth. We expect management teams to
have substantial equity stakes and be primarily motivated
by creating shareholder value.
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Geographic Focus:
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PMF is primarily interested in investment opportunities
in the western United States.
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Use
of Proceeds:
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PMF seeks investment opportunities in companies seeking
funds for expansion, funding an acquisition and/or recapitalizing.
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Term:
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1 to 5 years.
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Interest rate:
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8% to 14% per year
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Fee:
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1% to 5% at close (dependent upon interest rate and other
pricing factors)
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Warrant or equity:
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PMF prefers to invest in structures that allow participation
in the growth of the company in which we invest. A warrant
or other equity enhancement is the usual instrument for
this participation. Our warrant, interest rate, and fee
expectations are proportional to the risk of the investment.
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Investment Partners:
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PMF looks favorably on the opportunity to co-invest with
other institutional investors.
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