Growth Capital
Rounds, notes and sponsor equity.
We paper the capital that takes a company to the next stage: priced rounds, convertible notes, sponsor equity, and the governance that arrives attached to all of them.
Scope
Founders usually meet us at the term sheet, when the numbers look settled and the control terms have not been read closely. We translate the document into what it means on an exit, negotiate the handful of clauses that carry real weight, and leave the rest alone.
Priced Rounds
Preference, participation and the anti-dilution ratchet decide who gets what on a sale, long before valuation does. We model the waterfall against your term sheet so the founders can see the outcome they are agreeing to.
Notes and Bridges
Bridge paper is quick to sign and hard to unwind. We keep the discount, the cap and the maturity consistent across a note round so the next equity financing does not open with a cleanup exercise.
Sponsor Equity and Governance
Board composition, reserved matters and information rights follow the money. We negotiate the schedule that governs the next three years of decisions, not only the cheque that clears this month.
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From the desk
Commentary
All Commentary
Aug 2, 2026
The Indemnity Cap Is Back on the Table
Warranty and indemnity cover made caps a formality for a decade. Underwriters have tightened, and the negotiation has moved back into the purchase agreement.
Jul 26, 2026
Why Integration Stalls in the First Month
Separation documents get signed and then sit unread. The transition services schedule, not the purchase agreement, decides whether day one is quiet or expensive.
Jun 28, 2026
Board Consent Is Not a Formality
Reserved matters decide who can stop a deal, and most boards only discover the list in the week they need to move quickly on one.