Led · Equity · Jul 2017

Neutral Connect Networks is an independent owner and operator of wireless communications infrastructure based in West Palm Beach, FL. Its core product is building and operating multi-carrier neutral-host distributed antenna systems (DAS) and small cell networks in venues and buildings across North America. The company announced acquisitions of DAS Communications and 5 Bars to expand its footprint, adding coverage at locales including NRG Stadium, the Staten Island Ferry, Boston’s Rose Fitzgerald Kennedy Greenway, Angel Stadium, and the Colorado State University Stadium. Financial terms of the acquisitions were not disclosed. Neutral Connect secured $30M in funding led by M/C Partners to support operations and growth. The company named Paul McGinn as CEO and hired Brian Porter as senior vice president of sales and operations; John Clarey, former CEO of 5 Bars, will remain as an investor.

Participated · Equity · Sep 2015

Everstream operates a business-only fiber network offering dedicated internet access, dark fiber, Ethernet and data center solutions. The company has grown to more than 25,000 route miles of fiber and over 3,600 on-net buildings, with speeds up to 100 Gbps. Everstream serves metro and rural areas across the Midwest and Mid-Atlantic, providing direct connections to data centers, cloud providers and supporting 5G and next‑gen technologies. It plans to expand into seven new markets, densify existing markets, and connect thousands of macro towers across its 10-state footprint through June 2022. Financially, Everstream secured an additional $140 million in debt financing to fund this growth; that tranche was oversubscribed by $40 million. The company reported the financing brings the total invested by this group of bankers to $567 million. Everstream Solutions is a Cleveland-based network service provider that delivers fiber-based Ethernet, Internet and data center solutions to business customers throughout Northeast Ohio. The company operates over 2,500 miles of fiber across 24 counties and offers comprehensive data center connectivity at 10 Gigabit speed. In October 2015 Everstream agreed to receive a $50M investment from Boston-based M/C Partners and investors advised by the Private Equity Group of J.P. Morgan Asset Management; the transaction was scheduled to close on October 15, 2015. Proceeds are earmarked for expansion, customer acquisition and retiring existing debt. As part of the deal Everstream will acquire a majority of the fiber assets owned by OneCommunity and will be structured as a standalone organization, while OneCommunity will retain a minority interest and receive funds to support its mission-related work. Brett Lindsey, currently chief operating officer of OneCommunity and president of Everstream, will serve as Everstream's chief executive officer going forward.

Led · Equity · Jul 2014

Involta builds, owns and operates multi-tenant data centers and provides related cloud, technical and managed services including colocation, infrastructure, storage, network, and backup and recovery. The company operates eight data center facilities across Iowa, Ohio, Minnesota, Idaho and Arizona. Growth has been accelerated by its recently launched Involta CompliantCloud services platform. Involta focuses on serving clients in underdeveloped tier II and tier III markets and aims to expand its footprint through strategic acquisitions. The company was founded in 2007 and emphasizes “Superior Facilities, Operational Excellence and People Who Deliver.” The business will use new capital to support rapid growth in colocation and managed services.

Participated · Equity · Feb 2014

SpinMedia operates a network of pop-culture and music digital brands through two divisions, SpinMedia Music and SpinMedia Entertainment. The company produces roughly 1,000 pieces of original content every day and manages 46 editorial communities. It reaches about 40 million millennials and is described as a top 40 publisher. Headquartered in Hollywood, CA, the business is organized as SpinMedia LLC. The company recently raised $10 million, reflecting its current financing activity.

Participated · Series C · Dec 2012

Maker Studios operates a large YouTube multichannel network, aggregating more than 60,000 channels and 260 million subscribers to generate roughly 4 billion video views per month. The company distributes content from about 80 countries, with roughly half of viewership outside the U.S. Maker aims to expand its international footprint by opening additional offices in Europe and Asia that mirror its Los Angeles headquarters’ audience development, production, and commercial functions. It recently acquired Blip, gaining destination site capabilities and technology for multi-platform distribution to game consoles, streaming boxes, connected TVs, phones and tablets. While YouTube remains its largest distribution point, Maker is pushing distribution across the web and mobile apps to reach new viewers and improve monetization. The new capital will be used primarily to grow the company’s business overseas and support international ad sales and content production. Founded in 2009 by a group of independent YouTubers, Maker Studios operates a creator network that provides audience development, content production, promotion, distribution, and sales and marketing services. The company recruits thousands of creators across verticals including comedy, music, gaming, fashion, and mom programming. Maker aggregates and cross‑promotes creator content to boost audiences and improve monetization. It now attracts more than 2 billion video views per month and ranks among the top three independent YouTube networks for unique viewers and video views. Maker has raised $44 million to date, capital that has supported its fast‑growing content production and distribution partnerships. As part of its recent financing, a Time Warner executive will join the company’s board.