Alex Brown
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Hey Alex — similar IB → PE path to yours. been thinking a lot about proprietary origination in residential & facility services lately. would be good to connect.
Hey Alex, looks like we share a similar IB → PE path, though I was in London at CS & Greenhill not at Stephens 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 Alex, looks like we came up through a similar IB → PE path, though I was in London doing growth equity deals at Treis not in NYC building a services platform like you're doing at NorthCurrent. 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, so every deal is virtually sourced from scratch. nothing compounds on itself. curious if that resonates or if you've built something different at NorthCurrent? — Russ
hey Alex — 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 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 NorthCurrent? — 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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Alex — We've been building deal sourcing infrastructure for funds acquiring and growing lower mid-market service businesses — and NorthCurrent came up while i was poking around. we share a similar enough path too. I did stints at Credit Suisse and Greenhill before moving to the investor side at a growth equity fund in London. One of our clients, Backer Group, uses our system to source service and light manufacturing businesses → score them on owner readiness and acquisition fit → then run personalized outreach across email, LinkedIn, and letters. They're a small team, so origination just runs in the background while they focus on the portfolio. Everything integrates with their CRM. Given NorthCurrent's focus on business services in that $10-50M range, I wondered if you wanted to take a look under the hood and see if any of it's relevant to how you're sourcing at NorthCurrent. I'm fairly free this week and next, just let me know a time that suits. Russ searchloop.ai linkedin.com/in/russellt23
Prospect Research
## PROSPECT INFORMATION: Name: Alex Brown Title: Managing Partner Fund: NorthCurrent Partners Background: PROSPECT SUMMARY: Alex Brown CURRENT FOCUS Alex is the Managing Partner and Co-Founder of NorthCurrent Partners, a private equity firm based in New York. He focuses on majority-control investments in established US-based business services companies, typically targeting those with $10 million to $50 million in revenue. In addition to his leadership at NorthCurrent, he serves as a Board Member for several companies, including Liberty Service Partners and On Track Partners, and is the Director of Alternative Investments at Five Lakes Capital. BACKGROUND AND EDUCATION Alex has an extensive background in private equity, investment banking, and alternative investments. Prior to founding NorthCurrent in 2019, he was a Vice President at Assurance Capital and an Associate at Quad-C Management. He began his career as an Investment Banking Analyst at Stephens Inc. He holds an MBA from The Wharton School and a BS in Economics and Engineering Science from Vanderbilt University, with additional studies in Economics at the London School of Economics (LSE). KEY SKILLS Private Equity, Majority-Control Investments, Mergers & Acquisitions (M&A), Business Services, Growth Strategy, and Investment Banking. RECENT POSTS AND UPDATES July 26, 2021: Shared an article regarding a new deal, stating: "NorthCurrent Partners Completes Acquisition of Belle Air" February 11, 2021: Shared a press release regarding company growth, noting: "NorthCurrent Partners Completes Acquisition of Tri-State Water, Power & Air" January 13, 2020: Formally announced the launch of his firm, stating: "I'm excited to announce the launch of NorthCurrent Partners, a private equity firm I recently started alongside a close friend from business school, Buck Marshall. At NorthCurrent, we seek to partner with and help grow established, US-based business services companies (generally $10-50 million in revenue) through majority control investments." Fund details: - Description: NorthCurrent Partners is a private equity firm that partners with and grows American businesses through majority-control investments. As the extension of a family office, we bring certainty, flexibility, and speed to our transactions and investment partnerships. Our long-term investment horizon means we make decisions best suited for growth and value creation, including continued investments in the business. Alongside years of experience executing transactions and working with company leaders, we are supported by seasoned operators and successful entrepreneurs. We help companies scale, both through organic growth and acquisition. We believe great businesses are built around their people, and we are committed to building upon strong company cultures. - Website: https://northcurrentpartners.com/ - Location: New York, New York, United States - Lead qualification: Research: - Query: =NorthCurrent Partners Alex Brown recent investments fund thesis - Answer: NorthCurrent Partners recently acquired Tri-State Water, Power & Air. Alex Brown, Managing Partner, focuses on growth-oriented investments in lower-middle market businesses. The firm targets sectors like residential & facility services and b2b food services.