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Hersh Family Investments exists to enhance the financial, civic and philanthropic interests of the Kenneth A. Hersh family. Through Hersh Investment Partners, NLM Capital Partners, and a number of related entities, HFI invests the family's capital in businesses with exceptional management teams and the potential to create substantial long-term value. NLM Capital Partners was formed in 2004 to invest in select middle market private equity opportunities. NLM targets profitable businesses with a track record of increasing their intrinsic value over time. The firm prefers businesses with a sustainable franchise and substantial growth opportunities. Over the last 20 years, NLM's team has committed over $1 billion to 275+ companies in a variety of industries. NLM primarily invests the personal capital of its limited partners and managers. This approach allows the firm to take a long-term, value-oriented perspective. NLM closed its second fund, NLM Capital Partners II, LP in May, 2007 with total commitments of $55,000,000, bringing total capital under management to nearly $100,000,000. Every original investor from NLM's first fund recommitted to the new fund. The firm's target transaction size is $15-$150 million with equity investments between $3-$30 million. Generally, NLM will not pursue an investment in any entity or business whose success depends on the widespread acceptance of new or novel technology; that has limited operating revenues; or that is engaged in direct retail activity, the restaurant business, or any oil or natural gas related business.
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