The name of our first fund is Solomons Fund Manager I LLC. Solomons Fund, as we refer to it, consists of a handful of local entrepreneurs, all experienced running their own business. Our approach is that of an operator vs. a financial buyer.
Solomons Fund will pursue the acquisition of excellent companies until we have either purchased six companies or deployed $25 million in equity. We intend to use appropriate leverage on portfolio companies and run them long term with a focus on building value within a culture built on bibical values.
With an unprecedented number of owners reaching retirement age (Baby Boomers were eager entrepreneurs), businesses are going up for sale in record numbers. Buyers, however, are not in equal supply. Solomons Fund is working to bridge this gap.
The average investment firm flips a company within a few years. This creates hesitation in business owners concerned with their legacy. Solomon's Fund protects this legacy by retaining talent and committed to maintaining a long-term growth perspective for every business.
Traditional capital often wants former owners to move on after they sell, but we see owners as a valuable and vital part of a successful transition.
We’re seeking organizations that are not sought after by traditional capital. These are companies with ownership who value people, community, and commitment, companies built upon a values-based worldview. We are looking to build great companies and foster trusting relationships with employees, vendors, customers, and shareholders.
Traditional capital often wants former owners to move on after they sell, but we see owners as a valuable and vital part of a successful transition. Click below to learn more about our unique fund.
