DIAMOND WEALTH STRATEGIES ADDS SECOND PRIVATE EQUITY FIRM TO ITS PLATFORM -- ENABLING FAMILY OFFICES TO MAKE DIRECT INVESTMENTS
Ronald Diamond
Founder & CEO, Diamond Wealth | TIGER 21 Chair, Family Office & Chicago | Founder, Host & CEO, Family Office World | Member, Multiple Advisory Boards | University of Chicago Family Office Initiative | NLR | TEDx Speaker
We are very excited to announce that Diamond Wealth Strategies (www.diamondwealthstrategies.com) has entered into a partnership with private equity firm Slate Capital (www.slatecap.com). Slate Capital is a private equity investment group based in Baltimore, Maryland that partners with lower middle market companies. Slate provides liquidity to business owners and growth capital to businesses for further expansion.
The principals of Slate have significant experience in both running small-to-mid-sized companies and in investing in leveraged buyout transactions. Slate’s primary areas of focus include business services, distribution, light manufacturing, and food & beverage investments. Slate targets companies with annual EBIDTA of $3-15 million.
Slate is the second private equity firm, along with Akoya Capital, that Diamond has accepted onto its platform. We have vetted over 400 private equity firms throughout the United States and now have what we consider to be two of the very best in the country on our team. Our ultimate goal is to vet and partner with the top 5 private equity firms (without a dedicated fund) in the country focused on the lower middle market. This will enable our Family Office clients to make direct investments in the lower middle market and have more control, lower fees, and better aligned interests than the traditional 2/20 blind pool private equity fund format. It will also enable the private equity firms on our platform access to more patient capital by accessing our Family Office network.
- Diamond Wealth Strategies, Inc. is bringing together a select group of Family Offices to invest together in direct private equity opportunities without the high cost and inflexibility of traditional private equity fund investing.
- Diamond will vet and select a small number of highly successful private sponsor private equity firms with specific expertise in a broad range of business sectors.
- Pre negotiated discounts will allow Diamond members to invest without the high cost of traditional PE investing.
- Members will be permitted to individually opt in or out of each transaction.
- Each potential transaction will be highly scrutinized by Diamond's experienced PE professionals and be subject to a strict approval process before being presented to members.
- All members will be treated equally and investment opportunities will be made available on a first come first serve basis. Minimum and maximum investments will be established for each transaction.
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