Congruent Investment Partners is creative and nimble in its investment approach. Whether providing mezzanine loans to asset-light operating companies, debt and equity capital for management buyouts, or growth capital for recurring revenue businesses, Congruent has the flexibility in its fund structures to provide thoughtful solutions throughout the capital structure. Every deal is completely unique, which allows the team to craft solutions tailored to each specific investment in lieu of a standardized template financing structure.

Transaction Type

Acquisition Financing

Attractive acquisition financing candidates include:

  • Operators that are making an acquisition and need more capital than traditional banks and senior lenders will provide
  • Private equity sponsors seeking unitranche or mezzanine debt for an acquisition opportunity
  • Fundless sponsors with a compelling acquisition opportunity

Growth Capital

Companies with a growth opportunity that prefer raising non-dilutive debt capital or less-dilutive minority equity rather than selling control of the company.


Companies facing a short-term debt maturity that are either unable to extend with an existing lender or are looking for a fresh start with a new capital provider.


Typical recapitalizations involve owners taking money off the table to realize some of the value they’ve created or seeking to consolidate ownership by buying out minority shareholders. A leveraged recapitalization can facilitate this transaction without the need for current ownership to give up control in an outright sale of the business.

Management Buyouts and Partner Buyouts

  • Management Buyouts (MBOs): Existing operators and / or members of management seeking to buyout the majority owner
  • Partner Buyouts: Minority owners seeking liquidity or a full exit from the business
  • Estate Planning: Liquidity for ownership succession transfers

Investment Securities

Secured Loan

Typical loan structures include first lien and second lien loans secured by the cashflows and/or assets of the business.

Mezzanine Debt

Mezzanine debt is a junior debt security, typically subordinate to senior bank debt. Companies commonly seek mezzanine debt financing to fill a funding gap in excess of what their existing senior lender will provide for acquisition financing, growth capital, recapitalization, etc.

Unitranche Debt

One-stop unitranche debt financing replaces a more traditional senior debt / mezzanine debt structure. Unitranche debt has significant advantages including a streamlined underwriting process, simplified capital structure and a single unitranche credit agreement. Congruent frequently partners with commercial banks and senior lenders to create a unitranche facility that accomplishes ownership objectives.


Equity structures include preferred equity, convertible equity, common equity and warrants.

Industry Focus

Investment Parameters

  • Company Size: EBITDA of $2 million - $20 million+
  • Investment Size: $5 million - $40 million+
  • Security: First Lien, Second Lien, Unitranche, Mezzanine, Equity
  • Interest: Cash and Non-cash (PIK) interest
  • Duration: 3 – 5 year maturity
  • Amortization: Flexible
  • Equity: Varies by situation
  • Location: North America