Broker Check

Investment Banking  /  Private Placement

Private Placement

Young America Capital raises equity and debt for lower middle market and growth-stage companies, and arranges financing for sponsors buying them.

The practice

In 2024 and 2025, YAC raised $411 million for more than 30 clients.

We raise first institutional rounds, growth capital, acquisition financing, refinancings and recapitalizations, including recapitalizations that allow owners to take some money off the table.

A senior banker leads each engagement and stays on it until the money is funded. That banker works with management on the model and the investor presentation, builds the investor list, runs the meetings and diligence, and negotiates the term sheet and the definitive documents alongside company counsel.

We give the terms as much attention as the price. Covenants, board seats, liquidation preferences and prepayment penalties determine how much room the company has after closing and what the next raise will cost.

What we raise

Many transactions combine two or more of these.

Capital Purpose Typical sources

Senior secured debt

Term loans, revolving lines and asset-based facilities, secured by the company’s assets. The least expensive capital available.

Banks, commercial finance companies, direct lenders

Second lien and unitranche

Additional secured debt, or one combined facility, for companies that need more leverage than a bank will provide.

Credit funds, direct lenders

Subordinated and mezzanine

Junior debt, often with warrants, used to reduce the amount of equity a transaction requires.

Mezzanine funds, family offices

Preferred and structured equity

Equity that ranks ahead of common shareholders and carries no fixed repayment schedule.

Private equity, family offices, strategic investors

Common equity

Minority growth investments through control transactions, including equity alongside a buyout sponsor.

Venture capital, growth equity, private equity, real estate investors

Listed in order of claim, most senior first.

Public companies. We also place PIPEs and other private offerings of publicly traded securities with institutional investors, including sovereign wealth funds and government-related entities.

Running the process

The work runs in the same order on every engagement: preparation of the model, presentation and data room; agreement with management on which investors to approach; confidential outreach, meetings and diligence; then negotiation of term sheets and documents through funding. The main decision is how many investors to approach.

Targeted

A small group of investors selected for sector experience, check size and hold period. This suits companies that need confidentiality, have an unusual structure or face a tight timetable.

Broad

A wider process across institutional, strategic and family office capital, with every investor on the same timetable and working from the same information. This suits companies where competition will improve price and terms.

Sector bankers

50 registered representatives in the U.S., Israel, Europe, the Caribbean and Latin America.

Technology, Media & TelecomJon Lunsford, Sean Santa
Life Sciences & HealthcareBruce Kaufman, Bruce Forrest
Power & RenewablesJack Ritchie, Stephen Unterhalter
Industrials, Chemicals & ManufacturingSteven Zelac
Consumer & RetailDavid Link, Todd Slater
Real EstateTom Bronner
TransportationJack Ritchie
Caribbean & Latin AmericaJack Ritchie
Full team and contact details

Planning a raise?

Send recent financials and a short note on how much you need and what it will fund. A senior banker will review them before the first call.

Young America Capital · Mamaroneck, New York

914.777.0100

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