Satori Capital 2009, L.P.
United States of America
Last updated 13 May 2020, by Impactyield.
Developed countries (203) / More developed regions (202) / More developed regions (North America, Asia & Oceania) (153) / United States of America (112)
The Partnership intends to acquire equity positions in privately-held, profitable, sustainably-run companies operating in the emerging middle market; most or all of such investments will be majority and/or control positions. Satori believes that companies engaged in sustainable business practices offer excellent opportunities for growth with lower overall risk to investors. These businesses deliver strong returns by operating with a long-term perspective, committing to their mission or purpose, and focusing on creating value for each of their stakeholders. The benefits of such practices include increased employee engagement, higher customer loyalty, collaborative partnerships with vendors and suppliers, and strong community support. The resulting system of motivated and aligned stakeholders often results in higher quality products and services, increased demand for those products and services, and a more resilient business. Satori favors investments in companies operating in industries where it has relevant operational expertise including consumer products, business services, financial services, manufacturing, e-commerce, and technology.
The investment objective is to make equity, equity-related, and other investments in middle-market businesses that operate or intend to operate in a sustainable manner and have the potential to provide long-term capital appreciation and cash flow generation. Satori is focused on opportunities in the emerging middle market, which it equates to businesses generating in the range of $25 million to $150 million in annual revenue. Satori believes that mid-sized owner-operated companies are particularly well suited to scaling through a sustainable approach. In addition, the investment dynamics for businesses of this size benefit from the market inefficiencies created due to the relatively few institutional investors and intermediaries operating in this space, which leads to lower purchase price multiples for these businesses and the opportunity for significant multiple expansion through an exit or other liquidity event.
The Satori investment team leverages its unique skills, experiences, and networks to unlock substantial value in its portfolio companies. Satori’s investment team is supported by a talented group of Operating Partners and an outstanding Advisory Board that assist portfolio companies in a number of ways including advising management teams regarding strategy and operations.
of track record
the year funded
Key performance indicators
Asset manager: Satori Capital
Product track record: Fund has 14 years of track record
Target IRR: 30%
Committed Capital: 50,000,000 USD (US Dollar)
Target return category: Risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Closed - still investing
Style/Stage: Buy Out
Inception year: 2009
Vintage year: 2010
Target region: Developed countries, More developed regions, More developed regions (North America, Asia & Oceania), United States of America
Target close date: 01/04/2012
Product term: 10 years
Assets under management: n.a.
Investment size: Min: 5,000,000; Max: 30,000,000; Avg: 15,000,000
Co-investment policy: Only with LPs
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 3
Fund investments to date exited or repaid: 0
Management fee: 2%
Carried interest: 20%
Hurdle rate: 8%%
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Family Office, Other Institutional Investors
Phone number: (214) 390-6270
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Satori deeply integrates the principles of sustainability into all of its activities including its investment process, which combines comprehensive strategic, financial, and operational analyses with an equally rigorous sustainability analysis. This additional layer of analysis, which many private equity investors often minimize or ignore, provides added insight regarding the quality of a company's management and culture and brings into focus a prospective investment's true risks and potential. Among the many tools that Satori employs, the firm uses a proprietary sustainability due diligence checklist through which it evaluates a potential portfolio company on both its current performance with respect to sustainability issues as well as its appetite and potential for improvement.
Satori works with its management teams to create, implement, and monitor risk management systems in its portfolio companies and works to instill a strong sense of accountability and an intense focus on smart corporate governance and risk management throughout all of the businesses that it owns. These principles are put into practice through, for example, recruitment of board members who embrace sustainability issues, employee compensation systems aligned with long-term value creation, and an evaluation of whether real property can be upgraded to comply with green building certification systems such as LEED.