Capstan is managed by Nashville based Tortola Partners, a restructuring advisory firm.
Finding elements of value in distressed circumstances is 1/3rd of the puzzle. Another 1/3rd is knowing how to extract them cleanly and help them prosper. The final 1/3rd is having the capital to move decisively – that is where Capstan comes in.
Over the past 20 years, a struggling company could look for salvation from a stronger competitor with growth aspirations, or look to be recapitalized by a bank with an appetite for risk. But the depth and length of the downturn have left many businesses short on expertise to manage crisis and short on options for fresh capital.
Many small to medium sized businesses in the coming years will fail unceremoniously simply because they lack access to the expertise to navigate the confusion that comes with crisis, and they lack access to investors who understand distressed circumstances and who are not afraid to take calculated risks.
Through our relationship with Tortola Partners (www.tortolapartners.com) we are able to provide both.
Fund Manager Bio
Prior to founding Tortola in 2009 and Capstan in 2010, Steve spent 20 years as an entrepreneur in industries ranging from music publishing to financial services. In 2008, he sold Finworth Mortgage, a firm he founded 5 years earlier specializing in sophisticated residential and commercial lending for high net worth individuals and small business owners. His commentary on credit markets and the economy has appeared in publications including The Wall Street Journal, FORBES, USA Today, Business Week, Chicago Tribune, Market Watch, Money Magazine, and FastCompany.com. He has appeared on national news media broadcasts with Neil Cavuto, Shepard Smith, and Alexis Glick, and been featured on radio programs including The Final Word on Bloomberg. He graduated from Wake Forest University in 1991.