Investment Guidelines (Not Rules)

Target Investment Size:
$25-100mm

DNS-Capital-line
Typical initial equity investment of $25-100mm, with ability to invest more for the right opportunity

Target Company EBITDA:
$10-50mm

DNS-Capital-line
Target market-leading, middle-market companies with $10-50mm in EBITDA

Investment Horizon:
Long-term

DNS-Capital-line
Permanent capital base focused on long-term capital appreciation (MOIC not IRR)

Industry focus:
Industry agnostic

DNS-Capital-line
Flexible with greater focus on basic industries – industrials, business services, consumer, real estate

Investment structure:
Highly flexible

DNS-Capital-line
Will consider control and minority investments as well as creative investment structures

Geography:
U.S.

DNS-Capital-line
U.S. focused with select international exposure