Paul Canning
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Hey Paul — similar path (IB → PE). been thinking a lot about origination in business services and tech lately. would be good to connect.
Hey Paul, looks like we share a similar IB → PE path, though I came through CS and Greenhill in London not RBS and Gresham 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 Paul, looks like we share a similar IB → PE background, though I was in London doing growth equity deals at Treis not building out a platform like you've done at TREUN across services and speciality manufacturing. 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 TREUN? — Russ
hey Paul — 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 TREUN? — 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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Paul — hope you're having a good Tuesday. wanted to reach out for two reasons: a) jealous of what you've built at TREUN. though we share a PE background, I hope to one day launch my own fund and buy a great mid-market platform like Cluttons. b) in the meantime I've been building highly bespoke deal origination engines for investors like you — just finished one for Backer Group in the UK also backing founder-owned mid-market services businesses. It takes your thesis, maps targets across various data sources incl. google maps, and runs the full engagement cycle (email/linkedin/whatsapp) — connected live to the crm. Given we've already built this out, I wondered if you wanted to jump on a quick call and take a look under the hood? very best, Russell searchloop.ai linkedin.com/in/russellt23
Prospect Research
## PROSPECT INFORMATION: Name: Paul Canning Title: Founder Fund: TREUN Capital Partners LLP Background: Name: Paul Canning Role: Partner at TREUN Capital (March 2018 – Present) Location: London, United Kingdom Current Focus: Private equity specialist and partner at a small venture capital and private equity firm. Background: Paul has an extensive background in investment and finance spanning over 30 years. Prior to TREUN Capital, he served as a Managing Director at H.I.G. Capital (2007–2016) and an Investment Director at Gresham Private Equity (1997–2006). He also held roles as a Manager at Royal Bank of Scotland Business and an Executive at KPMG in the early 1990s. He is an alumnus of the University of Strathclyde and Dollar Academy. Key Skills: Private Equity and Board Development. Recent Activity: On July 5, 2024, Paul reposted content regarding the UK political landscape. The post featured a video from Gráinne Gilmore and the following text: "The Election results are in and we have a new Labour Government, but what does this mean for property? Listen to Gráinne Gilmore as she shares her initial reaction to the news." The post encouraged followers to "Tune into our Labour Watch blog to keep up to date as more detail is released on the new Government's policies over the coming weeks and months." Fund details: - Description: TREUN was set up by private equity veterans with a simple mission – to help high potential businesses grow value faster and with more certainty. We believe our 25 years experience, exceptional industry contacts and capital are best put to use for owners and managers to plug into in the “under-served” gap for initial private equity investments of up to £10m. We structure majority and minority equity investments of up to £10m, plus follow on capital for buyouts, growth capital and onwers who wish to de-risk but continue to benefit from future upside. Our focus is in • Business services and technology • Speciality manufacturing • Consumer We back high high growth and stressed situations where we believe the combination of capital, our expereince and exceptional industry contacts adds significant value and we can partner with aligned teams. - Website: https://treuncapital.com - Location: London, England, United Kingdom - Lead qualification: Research: - Query: =TREUN Capital Partners LLP Paul Canning recent investments fund thesis - Answer: Paul Canning leads TREUN Capital Partners, focusing on growth capital for high-potential businesses, particularly in business services and technology. His fund targets initial private equity investments up to £10m. TREUN Capital invests in high-growth and stressed situations.