Wincove invests primarily from our committed permanent capital fund, Wincove Private Holdings, LP. With our unique evergreen fund structure, we are not bound to fixed investment periods or holding constraints.
Without any pressure on our capital, our partner companies can make the best long-term decisions for shareholders, employees, and customers. It also allows us to wait for the optimal time to maximize value for all parties.
We are growth-focused. We only utilize leverage on a situational basis, always prudently, and never to engineer our way into an acceptable equity return.
While we are flexible and opportunistic, we concentrate our investments in markets where we have the most experience.
We primarily focus on small- and mid-sized Industrial, Business Services, and Infrastructure Services companies that have compelling growth prospects, a differentiated value proposition, and strong company leadership.
Most often, our businesses have roughly $20 million to $100 million in revenue at our initial investment. We generally own at least 50% of our businesses, but always have partners (founders and management teams) who are owners alongside us.
Once we make the decision to invest, we remain committed to our companies, their management teams, and customers. We recognize all that has made these businesses what they are. We seek to preserve and build upon founders’ work and legacy, and are careful not to disrupt company culture.
We take seriously the impact that our capital can have on our companies, their team members, and communities. As a result, we are highly selective and typically seek a limited number of new partnerships per year. We are proud of the work that we do, and proud to be associated with the men and women leading and operating our businesses.
G-P (formerly Globalization Partners) provides global employment solutions through its SaaS-based Global Employment PlatformTM. G-P’s Global Employment Platform is the first fully customizable SaaS-based global employment product suite that helps companies find, hire and manage talent anywhere in the world – quickly and compliantly – without setting up new entities.
Together with TDR Capital, we partnered with the founder of G-P and led a minority recapitalization of this business in January 2020. Since that time, G-P has raised growth capital from an affiliate of Vista Equity to drive further investments in technology innovation and other growth opportunities.