Boathouse Capital Invests in Sageworks
Boathouse Capital invested in Sageworks, a Raleigh, NC financial information company that provides lending, credit risk and portfolio risk solutions to banks and credit unions. Sageworks plans to use the funds for acquisitions, product development and market share expansion.
Boathouse Capital is a private equity firm based outside Philadelphia that manages $350 million across two funds. They invest $5 million to $40 million in debt and structured equity to support strong management teams and grow established lower middle market businesses throughout the U.S.
Ryan Udell, Tom Pinney, Ian Doherty and Melissa Pang represented Boathouse.