Matthew Day
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Hey Matthew — similar path (IB → PE). been thinking a lot about proprietary origination in asset-backed industrials lately. would be good to connect.
Hey Matthew, looks like we share a similar IB → PE path, though I was in London at Greenhill not at Macquarie in New York like you. origination was always the same story for me — clear thesis, decent relationships, but no proprietary system of record. the people, tools and ideas were never really connected. every deal virtually sourced from scratch, nothing compounding over time. curious if that's still how most funds operate or if I'm behind the times? — Russ
Hey Matthew, looks like we came up through a similar IB → PE path, though I was in London doing growth equity deals not in Salt Lake City investing in asset-backed industrial businesses like you. the pattern I keep seeing with most funds is weirdly consistent — strong thesis, solid network, but no proprietary system of record. the people, tools and ideas are never really connected. every deal virtually sourced from scratch, nothing compounds on itself. curious if that resonates or if you've built something different at Jordanelle? — Russ
hey Matthew — no worries if the timing's off. most funds I talk to have tried some version of building origination in-house — analyst pulling from Pitchbook or Grata, maybe using ChatGPT to help qualify, dumping it into a spreadsheet. each piece kind of works, but there's no system of record tying it together. the people, tools and ideas are all disconnected, so there's tonnes of wasted energy and everything ends up out of sync. been helping a few funds like Mentmore work through that. curious if you've run into the same thing at Jordanelle? — Russ
totally get it if origination infrastructure isn't top of mind right now — most funds have 10 things ahead of it on the priority list. the funds I've seen crack it early just tend to compound deal flow in a way that's hard to replicate later. if it ever moves up the list, I'm easy to find. — Russ
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Prospect Research
## PROSPECT INFORMATION: Name: Matthew Day Title: Managing Partner Fund: Jordanelle Capital Background: Matthew Day is the Managing Partner at Jordanelle Capital, based in Salt Lake City, Utah. He is a seasoned private equity professional with a specialized focus on asset-backed industrial businesses, natural resources, and impact investing. His current leadership roles include serving as Chairman for both Incoa Performance Minerals (since 2014) and Crossroads Paper (since 2021), and he recently joined the Board of Directors at BioFiltro. His professional background includes a decade-long tenure as a Partner at Peterson Partners (2012–2022), experience as a Partner at Black Opal Equity, and five years as a Manager at Macquarie Group in New York. He is highly skilled in financial modeling, M&A, structured finance, and due diligence. Educationally, he holds a Bachelor of Laws (1st Class Honors) and a Bachelor of Business in Accounting (with Distinction) from the University of Technology, Sydney. He is also active in the community, serving on the Park City Appeal Panel and the board of Nuzzles & Co Pet Rescue. Key Post Data: On November 21, 2025, Matthew posted about a significant new deal, stating: "We are pleased to announce that Jordanelle Capital has completed an equity investment in BioFiltro, Inc., a provider of wastewater treatment systems to the agricultural, sanitary, and industrial sectors." He further defined his firm's investment thesis in the post, noting: "This investment reflects the core of Jordanelle’s strategy: partnering with exceptional entrepreneurs and operators who are building asset-backed industrial businesses capable of delivering enduring, long-term value." He concluded by expressing his intent to "helping accelerate the impact of its innovative wastewater treatment solutions." Fund details: - Description: Jordanelle Capital is a private equity firm that invests in asset-backed industrial companies in North America. We invest in industrial companies where assets create a competitive advantage and where our capital can be transformative, including in water and wastewater, recycling and waste-to-value, and specialty materials. - Website: https://www.jordanelle.com - Location: Salt Lake City, Utah, United States - Lead qualification: Research: - Query: =Jordanelle Capital Matthew Day recent investments fund thesis - Answer: Jordanelle Capital's Managing Partner Matthew Day recently invested $35 million in BioFiltro, a company focused on nature-based wastewater treatment, to expand its growth in agriculture and other sectors. The investment aims to support BioFiltro's mission of delivering sustainable water solutions.