Current Investments
Palmetto Hospitality Funds/OTO Development (Mgmt Co.): Fully integrated hospitality platform.
https://www.otodevelopment.com
Mathews Drive Associates LP: Standalone single tenant Goodwill Building in Hilton Head Island, SC.
https://palmettogoodwill.org/shop/store-locations-hours/lower-savannah-region/
La Tortilleria LLC: Hispanic wholesale food distribution business headquartered in Winston-Salem, NC.
Power Utility Products Co. (PUPCO): Wholesale national distributor of custom strut, channel fittings, pipe hangers, cable fasteners, and cable tray systems for electromechanical infrastructure and utility projects. PUPCO is a master distributor with over 35 years expereince in the industry. They operate distribution centers in Charlotte, NC and Jackson, OH.
WSC Search & Acquire Funds I/II/III: Private Equity investment funds focused on the traditional search fund model targeting acquisition of micro cap/lower mid market operating businesses between $2-10MM in EBITDA.
Summit Park Fund III Co-Investment:
Summit Park is a Charlotte NC based private equity investment firm that specializes in value creation through targeting investments in lower middle market platform companies, which are compelling growth opportunities in services, consumer and industrial growth sectors. SP targets businesses with strong revenue (ARR %) and EBITDA CAGRs, attractive margins (gross & operating)/operating leverage, high free cash flow generation, low capital intensity - minimal CapEx, diverse customer base, high market potential/scalability - organic or acquisition based through platform add-on opportunities, and defensible market position with elevated barrier to entry.
Carecard Inc: VC Seed Capital investment in online discount card and prescription marketplace.
Keenly Health LLC: VC common equity investment in remote non-contact patient monitoring device healthcare company focused on the skilled nursing industry.
Evans & Bradshaw LP/Sea Isle Ventures LLC: Management and ownership of 2 medical office condos leased to Tenet Healthcare in Beaufort, SC.
CoastalSouth Bancshares Inc: Investment in common stock of bank holding company for Coastal States Bank (CSB). OTC market ticker is "COSO." CUSIP: 19058X207
https://www.coastalstatesbank.com
Churchill Co-Investment Partners II, LP: Sponsored by Churchill Asset Management and anchored by parent TIAA-CREF. Churchill is an affiliate of Nuveen (asset manager of TIAA). Equity co-investments alongside a strong stable of private equity sponsors in U.S. Middle Market companies (participate in majority recap/buyouts with PEG sponsor relationships).
Churchill Secondaries Solutions II, LP: TIAA-CREF and Nuveen anchored fund seeking to maximize risk-adjusted returns through GP and LP-led secondary (majority GP-led) equity investments in best-in-class middle market portfolio companies through continuation vehicles at compelling discounts to NAV with solid platform value creation dynamics and growth fundamentals. Churchill has a targeted focus on essential services with a select group of mid-market private equity sponsors throughout the U.S. with its strong capital provider position through its debt origination platform flywheel offering direct lending solutions - both senior secured and junior debt to private equity backed companies.
Libertas Partners GP Fund I, LP: The Fund intends to originate, invest in and manage equity investments in Joint Venture (“JV”) entities that develop or acquire senior living communities and active adult apartments throughout the Southeast. The sponsor/manager is Liberty Senior Living based in Wilmington, NC. Libertas Co-GPs (affiliate of Liberty Health and the "Fund") will invest alongside premier institutional LP investors in multiple projects across the Southeast.
https://www.libertyseniorliving.com
Flex Fund I, LLC - Special Purpose partnership entity to develop and manage a flex warehouse facility in Northeast Columbia, S.C.
Realized/Exited Investments
Willow Oak Partners LLC - General Purpose/Multi-Tenant Office building in Charlotte, NC.
Beach City Associates LP- Office/Warehouse building in Hilton Head Island, SC.
Cherry Road Developers LLC - Development and operation of Extra Space self storage facility in Rock Hill, SC.
Greenville Warehouse Associates LP - Industrial warehouse logistics facility in Greenville, SC.
Bluffton Self Storage LLC now Midgard Self Storage (held in seperate vehicle from Salem) - climate and non climate self storage facility, including Covered RV and Vehicle surface parking, in Bluffton, SC.