Curtis J. Witchey

Acts as Private Equity Fund

Provides on-line automobile insurance services

Functions as a College/University

Brantley Partners focuses on investments in lower middle-market companies in the business services, healthcare services, distribution/logistics, media and niche manufacturing sectors. The firm targets companies that are cash flow positive with revenues of $10 million to $75 million and enterprise values of $10 million $50 million. Brantley Partners generally makes growth equity investments and employs the prudent use of leverage. Initial investments range from $3 million to $10 million. Brantley Partners funds growth-focused operational and capital investments, as well as accretive acquisitions.

LanderNorth firm provides asset management services to a variety of clients including trusts, foundations and endowments, Taft-Hartley plans, municipalities and high net-worth investors. The firm invests in small- and micro-cap public stocks. They apply private equity-like due diligence to small public companies that are substantially overlooked and undervalued by institutional investors. The investment team utilizes a bottom-up fundamental approach to valuation and employs a proprietary screening methodology along with external research to identify the most attractive investment opportunities. The firm utilizes a GARP style of investing and does not override core valuation modeling in favor of momentum. Their process begins with a universe of 4000 small-cap companies with market-cap up to $2 billion. Proprietary fundamental analysis is performed to narrow the list to 100 to 125 names, all of which are attractive relative to earnings and revenue growth, debt ratios and return on equity. Qualitative reviews focus on the company's business and the quality of its management team. LanderNorth does not invest in start-ups or turnarounds. Only companies that are industry leaders with proven performance records are considered for investment. The result of this qualitative analysis is a short list of 50 to 70 names suitable for investment. Finally, a proprietary valuation model is used to determine price targets based on a series of metrics. Companies are added to the portfolio only if the current price is attractive relative to these valuations. Valuations are not ignored in favor of sector diversification. To control risk, LanderNorth follows a well-defined sell discipline. They do not hesitate to lock in gains given certain valuation triggers. To control risk, LanderNorth adheres to a well-defined sell discipline. There is no hesitation to lock in gains as appropriate given certain valuation triggers. Changes in business fundamentals, industry or company specific management can result in a sales based on the investment teams on-going due diligence.