Small-cap1 CEOs must seamlessly manage complex capital markets, corporate finance, and corporate governance issues which they, their boards, and their advisors view one way – and institutional investors often view very differently. Even long-tenured small-cap CEOs can struggle in this regard; for less experienced small-cap CEOs, it’s often a baptism by fire. Unfortunately, there is no playbook for small-cap CEOs to follow.
Historically, small-cap companies have hired all kinds of different service providers to help them bridge the buy-side divide. But the guidance is often self-limiting – the advisors have never been institutional investors. Most small-cap CEOs and boards receive little more than educated guesses from advisors about how institutional investors will react to seminal capital markets, corporate finance, and corporate governance choices.
Third Creek Advisors, LLC partners with CEOs to help them master the small-cap issues institutional investors care most about. Approximately one-third of Third Creek’s clients are pre-IPO companies, one-third are fast growing small-cap companies, and one-third are distressed small-cap companies.
Third Creek is uniquely suited to provide advice to its clients that they can’t get anywhere else in the small-cap ecosystem. Its clients don’t get educated guesses; they get clear, actionable answers – from a former small-cap fund manager. Prior to founding Third Creek Advisors, Adam J. Epstein co-managed a prominent special situation hedge fund that invested in more than 500 small-cap financings.
- Optimizing investor meetings
- Demystifying trading volume
- Garnering/maintaining equity research
- Avoiding lethal communications mistakes
- Analyzing dividends, splits, etc.
- Thinking like an activist
- Hiring/managing service providers
- Faster, smarter, less dilutive financings
- Selecting the "right" bankers
- PIPE vs. RD vs. CMPO vs. Follow-on
- Understanding hedge fund accounting
- Negotiating like a fund manager
- Cleaning up capital structures
- Best practices investors care about
- Streamlining CEO-board communications
- Board composition -- from the buy-side
- Proactive stakeholder communications
- Managing cybersecurity on a budget
- Proxy advisor 101
1The market capitalizations of companies advised by Third Creek Advisors vary considerably. For simplicity, the term “small-cap,” as used on this site, incorporates by reference small-cap, micro-cap, and nano-cap companies. 2Almost as important as what Third Creek does, is what it doesn’t do. Third Creek Advisors doesn’t: raise or find capital for companies, make capital introductions to investors, value or perform any due diligence or analysis with respect to securities, provide advice as to the advisability of buying, holding or selling securities, buy or sell securities, provide advice in connection with restructurings or work-outs, provide legal advice, or provide audit, attest, or public accounting services. Third Creek is independently owned and operated; it is not a broker-dealer or an investment adviser, and is not directly or indirectly related to any broker-dealers, investment advisers, investment banks, or professional service providers.
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