| Mission Statement | ||
| “To create meaningful economic and social value for entrepreneurs and investors through advising and investing in great companies in the areas of healthy, active and sustainable living.” | ||
| Letter from Brent Knudsen, Managing Partner | ||
September has always seemed like another beginning to me – our kids start school, and in the investment world, Labor Day clearly marks the beginning of the rest of the business year. This year, September is particularly interesting, with August’s debt market activity changing the investment world when most investors were on the beach. Our world hasn’t actually changed much and we didn’t get a lot of beach time this year with the closing of one transaction the Friday before Labor Day and another one the day before the 4th of July. Intelligent markets adjust very quickly to change, and in this case, our observation is that alternative debt providers moved in to fill the void left by traditional banks and both equity investors and debt providers became more interested in less expensive middle market transactions based on logical terms, which are exactly the kinds of opportunities we’re focused on. The result is that we’re, gratefully, busier than ever and have hired two new team members, Janica Lane as our newest Principal and Eric Schiller as our newest Associate. We’re also fortunate to be committed to one of the most exciting and important areas of the world economy: healthy, active and sustainable living, where growth is driven by the inevitable dynamics of the aging demographic combined with the explosive activity boom of younger generations and the universal appreciation for more responsible/ sustainable living. As this is our first quarterly newsletter, we welcome all of you whether you are a client or an investor, an old friend or a new one. Our intent is to provide an overview of investment activities and issues of general interest occurring in our area of focus, including but not limited to transactions we’re involved in as advisors and/or investors. We hope you’ll enjoy our newsletter and that it will enable us to get to know each other better.
Thank you very much, Brent R. Knudsen
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| In This Issue: | ||
Special Investment Opportunities:
Brent Knudsen Tripp Baird Janica Lane Brian Smith Eric Schiller |
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www.pcg-advisors.com tel: 415-705-8008 fax: 415-705-5279