MSD Partners

Chelsea Avondale is an investment holding company focused on acquiring and operating property and casualty insurance companies. The firm aims to address the limitations often faced by mutual insurers by implementing sophisticated pricing methodologies and advanced systems. By leveraging these approaches, Chelsea Avondale seeks to deliver exceptional risk-adjusted returns to high-net-worth investors. The company emphasizes the importance of community-based insurers, believing that they not only provide better service to their policyholders but also tend to outperform the broader industry.

Stripe is a technology company that develops APIs and tools for businesses to accept and manage online payments. It offers a range of products, including Payments, Subscriptions, Connect, Sigma, and Atlas, catering to various industries such as e-commerce, B2B platforms, and non-profits. Stripe also provides fraud detection tools like Radar and user interface components for custom payment forms with Stripe Elements. It supports international debit/credit cards and serves businesses in the U.S., Canada, Europe, and other regions. Additionally, Stripe Capital offers financing options based on payment history, with automatic repayment adjustments based on daily sales.

Forward Networks, founded in 2013 and based in Palo Alto, California, specializes in developing software for network verification and automation. The company offers open-source tools like Beacon and Mininet to manage data centers and wide-area networks, along with Forward Essentials, a web application that provides real-time network state access, helping engineers and operators swiftly identify and resolve network issues. Their core product is an innovative platform delivering network visibility, policy verification, and change modeling, designed to minimize costly outages by enabling users to visualize complex networks, debug problems quickly, verify policy correctness, and predict network behavior before implementing changes in legacy, SDN, or hybrid environments.

SiMa Technologies, Inc. specializes in developing machine learning technology for embedded systems, offering a comprehensive machine learning system-on-chip (MLSoC) platform. Founded in 2018 and headquartered in San Jose, California, the company focuses on delivering high-performance machine learning capabilities with low power consumption. Its MLSoC enables seamless deployment and scaling of machine learning applications at the edge, enhancing performance and energy efficiency for various use cases, including computer vision and generative AI. The platform supports diverse frameworks, models, and sensors, ensuring flexibility and adaptability for customers. Additionally, SiMa's solutions incorporate security features, such as threat detection, to safeguard against potential cyber risks, thereby providing a robust environment for embedded edge applications.

Verkada Inc. is a cloud-based physical security platform company, established in 2016 and headquartered in San Mateo, California, with an additional location in London, United Kingdom. It provides a comprehensive suite of products, including video security cameras, access control systems, environmental sensors, alarms, workplace software, and intercoms, all integrated into a single cloud-based software platform. This platform offers real-time insights that help organizations across various sectors, such as healthcare, finance, education, retail, and government, to manage security risks and operational inefficiencies. Verkada's solutions are designed for simplicity and scalability, enabling users to address security concerns and workplace issues effectively without requiring complex configurations.

Guesty Inc., established in 2013 and headquartered in Walnut, California, specializes in providing an all-in-one software solution for managing short-term rental properties. Their platform streamlines operations by offering tools such as channel management for listing on multiple platforms like Airbnb and Booking.com, a unified inbox for communication, automation workflows, reporting features, payment processing, and guest communication services. Formerly known as BookHost Inc., Guesty caters to property managers worldwide, simplifying the complexities of short-term rental management.

Flexport, established in 2013, is a San Francisco-based company specializing in global freight forwarding and customs brokerage services. It offers an online platform that simplifies and streamlines international trade for businesses. Flexport's services include customs clearance, freight transportation by ocean, air, and road, along with value-added services such as cargo insurance, warehousing, and trade finance. The company's user-friendly dashboard enables clients to understand, purchase, manage, and track these services in real-time, optimizing their supply chain and logistics operations.

6sense is a developer of a predictive intelligence platform that enhances revenue growth for organizations. The company utilizes artificial intelligence, big data, and machine learning to provide comprehensive visibility across the customer journey, from brand awareness to revenue generation. Its platform captures anonymous buying signals and buyer intent data, allowing sales, marketing, and customer success teams to target the right accounts effectively. By recommending optimal channels and messages, 6sense removes guesswork and inefficiencies from the sales process, leading to improved pipeline quality, accelerated sales velocity, and higher conversion rates. Through its innovative approach, 6sense aims to empower revenue teams to grow revenue predictably and efficiently.

East West Manufacturing is a design services and global contract manufacturing partner that serves original equipment manufacturers and distributors primarily in the United States and Europe. With operations in Vietnam, China, and India, the company specializes in industrial engineering services for onshore, nearshore, and offshore manufacturing. It designs and manufactures electronic motors, specialty components, and engineered sub-assemblies tailored for various sectors, including robotics, exercise equipment, IoT, air and water movement, industrial automation, and medical markets. By employing a transparent supply chain and on-site quality control, East West Manufacturing enables clients to achieve reduced costs, enhanced functionality, and improved product quality.

iCapital Network is a fintech platform for alternative investments and investors. It has transformed the way the wealth management, banking, and asset management industries facilitate access to private markets investments for their high-net-worth clients by providing intuitive, end-to-end technology and service solutions. Wealth management firms use iCapital’s solutions to provide clients with quality funds at lower minimums and simplified digital workflows. Asset managers, RIAs, and banks leverage iCapital’s technology to streamline and scale their alternative investments operational infrastructure. Additionally, the iCapital ‘flagship’ platform offers wealth advisors and their high-net-worth client's access to a curated menu of private equity, private credit, hedge funds, structured investments, and other alternatives to help meet their investing needs for return and diversification. iCapital’s research and diligence team offers robust analysis alongside the firm’s extensive suite of advisor education, compliance, portfolio management, and portfolio analytics tools and services. iCapital has been recognized on the Forbes FinTech 50 list each year from 2018 through 2002, the Forbes America’s Best Startup Employers in 2021 and 2022, and MMI/Barron’s Industry Awards as Solutions Provider of the Year in 2020 and 2021. As of May 31, 2022, iCapital services more than US$130 billion in global client assets, of which more than US$30 billion are from international investors (non-US Domestic), across more than 1,035 funds. Employing more than 800 people globally, iCapital is headquartered in NYC and has offices worldwide including in Zurich, London, Lisbon, Hong Kong, Singapore, and Toronto.

Rhombus Systems, Inc. is a provider of advanced video security services, specializing in the development of enterprise security cameras that enhance the safety and productivity of workplaces. Founded in 2016 and headquartered in Sacramento, California, with an additional office in Oakland, the company offers a range of features including Wi-Fi enabled cameras, cloud management of live feeds, facial and object recognition through artificial intelligence, and people analytics. Rhombus Systems' solutions are designed to be user-friendly, with plug-and-play capabilities that allow for easy installation via Wi-Fi or Ethernet. Their systems enable businesses to monitor security effectively, share video footage, and access live streams of events from mobile devices or computers, thereby improving overall organizational security and operational efficiency.

West Monroe is a full-service business and technology consulting firm based in Chicago, Illinois, founded in 2002. The firm specializes in guiding organizations through transformative projects that enhance growth and operational efficiency. With a team of over 350 professionals, West Monroe offers expertise in advanced analytics, customer experience, mergers and acquisitions, and operational excellence, among other areas. The firm serves a diverse range of industries, including consumer products, healthcare, financial services, energy, and private equity. By leveraging their collective experience, West Monroe aims to deliver impactful solutions that address both strategic visions and the intricacies of critical projects for clients across North America.

IonQ, Inc. is a technology company that specializes in the development of general-purpose quantum information computers utilizing a trapped ion approach. Founded in 2015 and based in College Park, Maryland, IonQ focuses on advancing quantum computing capabilities through qubit replication, optical networkability, and optimized algorithms. The company's quantum computers represent a significant shift from classical computing, effectively addressing limitations associated with superposition and entanglement at the atomic level. IonQ provides access to its quantum processors through cloud platforms, offering quantum-computing-as-a-service (QCaaS) to a wide range of customers. Additionally, the company engages in research and development to enhance its quantum technology and supports clients through consulting services aimed at co-developing algorithms for its quantum systems.

Gopuff is an instant commerce platform that specializes in delivering a wide range of everyday products, including over-the-counter medicine, baby food, cleaning supplies, and alcohol. Founded in 2013 by Yakir Gola and Rafael Ilishayev, Gopuff aims to simplify the shopping experience by allowing users to browse and order items through a mobile app, eliminating the need to visit physical stores. The company is particularly popular for satisfying late-night cravings with snacks like Ben and Jerry's ice cream and Doritos, as well as essential items such as diapers and personal care products. Gopuff's network of Driver-Partners ensures that deliveries are made quickly, often within minutes, making it a convenient option for consumers seeking reliable and affordable delivery services across the United States.

iCapital Network is a fintech platform for alternative investments and investors. It has transformed the way the wealth management, banking, and asset management industries facilitate access to private markets investments for their high-net-worth clients by providing intuitive, end-to-end technology and service solutions. Wealth management firms use iCapital’s solutions to provide clients with quality funds at lower minimums and simplified digital workflows. Asset managers, RIAs, and banks leverage iCapital’s technology to streamline and scale their alternative investments operational infrastructure. Additionally, the iCapital ‘flagship’ platform offers wealth advisors and their high-net-worth client's access to a curated menu of private equity, private credit, hedge funds, structured investments, and other alternatives to help meet their investing needs for return and diversification. iCapital’s research and diligence team offers robust analysis alongside the firm’s extensive suite of advisor education, compliance, portfolio management, and portfolio analytics tools and services. iCapital has been recognized on the Forbes FinTech 50 list each year from 2018 through 2002, the Forbes America’s Best Startup Employers in 2021 and 2022, and MMI/Barron’s Industry Awards as Solutions Provider of the Year in 2020 and 2021. As of May 31, 2022, iCapital services more than US$130 billion in global client assets, of which more than US$30 billion are from international investors (non-US Domestic), across more than 1,035 funds. Employing more than 800 people globally, iCapital is headquartered in NYC and has offices worldwide including in Zurich, London, Lisbon, Hong Kong, Singapore, and Toronto.

Xponential Fitness is a curator of leading boutique fitness brands, offering a diverse range of workout experiences that cater to various interests and fitness levels. The company operates nine distinct brands, including Club Pilates, the largest Pilates brand in the U.S.; CycleBar, the foremost indoor cycling brand; and StretchLab, which provides individualized and group stretching services. Other brands in its portfolio include Row House, which focuses on low-impact indoor rowing; AKT, a dance-based cardio workout; YogaSix, the largest franchised yoga brand; Pure Barre, which employs ballet barre techniques for small isometric movements; STRIDE, a treadmill-based concept combining cardio and strength training; Rumble, a boxing-inspired full-body workout; and BFT, focusing on functional training. Xponential Fitness partners with franchisees to deliver engaging and personalized fitness experiences in studios across 48 U.S. states and through international expansion in 11 additional countries, fulfilling its mission to make boutique fitness accessible to everyone.

Woolpert is a design, geospatial, and infrastructure management firm that delivers a range of consulting services to public, private, and governmental entities. The company specializes in geospatial services, architectural and engineering solutions, and strategic consulting, supporting various industries including planning, design, information technology, and energy. Woolpert offers expertise in laser scanning, civil engineering, fire protection, and structural design, providing comprehensive advisory services that facilitate effective project planning and execution. Through its diverse capabilities, the firm aims to enhance infrastructure and operational efficiency for its clients.

GoodLeap is a sustainable home solutions marketplace that focuses on providing innovative point-of-sale technology for professionals assisting homeowners in upgrading their living spaces. The company offers flexible financing options for a variety of sustainable products, including solar panels, battery storage, smart home devices, modern HVAC systems, energy-efficient windows, and water-saving turf. By simplifying access to consumer-friendly financing solutions such as solar loans and home improvement loans, GoodLeap enables customers to embrace a more sustainable lifestyle while saving money. Committed to environmental stewardship, GoodLeap fosters strong relationships with partners and customers, facilitating the adoption of sustainable practices through its advanced technology and user-friendly services.

Arko Holdings is a holding company that primarily operates in the convenience store sector across the United States. The company owns various regional store brands, including Stop, Admiral, Apple Market, BreadBox, E-Z Mart, Fas Mart, Li'l Cricket, and Next Door Store. Arko's retail outlets provide a range of products and services, such as hot food, beverages, tobacco products, snacks, groceries, beer, and general merchandise. The company operates in four segments: retail, wholesale, fleet fueling, and petroleum, with the majority of its revenue generated from the retail and wholesale distribution of fuel. Additionally, Arko is involved in finance and real estate activities, further diversifying its business portfolio.

Finch Therapeutics is a biotechnology company based in Somerville, Massachusetts, focused on developing microbial therapies for patients with serious medical needs. The company specializes in creating microbiome-based treatments to address conditions driven by dysbiosis or disruption of the microbiome. Finch Therapeutics offers two main product platforms: Full-Spectrum Microbiota and Rationally-Selected Microbiota, which aim to restore microbiome functionality. These therapies are designed to treat various conditions, including recurrent C. difficile infection, chronic hepatitis B, inflammatory bowel disease, and gastrointestinal symptoms in children with autism. The company employs machine learning algorithms to analyze clinical data from successful fecal transplantations, identifying effective microbial combinations for therapeutic use. Finch Therapeutics was founded in 2017 and has a strong intellectual property portfolio, including over 70 issued patents relevant to microbiome therapeutics.

Lindblad Expeditions Holdings, Inc. is an expedition travel company that specializes in adventure travel experiences through ship-based voyages. Founded in 1979 and headquartered in New York, the company operates a fleet of nine owned expedition ships and five seasonal charter vessels under the Lindblad brand. It offers eco-conscious expeditions and nature-focused small-group tours through its Natural Habitat brand. Lindblad's itineraries are designed to provide guests with intimate encounters with wildlife, nature, history, and culture, emphasizing guest empowerment and interactivity. The company fosters engagement between guests, crew members, and a diverse team of scientists, naturalists, researchers, and photographers, enhancing the overall travel experience. Lindblad Expeditions has a strategic alliance with the National Geographic Society, further enriching its offerings.

BioTheryX, Inc. is a clinical-stage biopharmaceutical company based in Chappaqua, New York, that specializes in restoring protein homeostasis through innovative small molecule therapies. The company develops Protein Homeostatic Modulators, including a small molecular glue that targets cereblon for protein degradation, with applications in oncology, inflammation, and other diseases. BioTheryX employs its proprietary PRODEGY platform, which utilizes a library of cereblon binders to design targeted protein degraders (TPDs). Among its key products is BTX-A51, an oral multi-kinase inhibitor aimed at treating specific leukemic stem cell targets and preventing the transcription of oncogenic genes. Founded in 2007, BioTheryX aims to address unmet medical needs by leveraging its expertise in targeted protein degradation.

EXUMA Biotech Corp. is a clinical-stage biotechnology company focused on the discovery and development of adoptive cellular therapies for solid tumors and hematological malignancies. The company specializes in chimeric antigen receptor-T cell therapy, aiming to enhance the immune system's ability to combat various cancers, including renal cell carcinoma, soft tissue sarcoma, and gastric cancer. Founded in 2015, EXUMA Biotech is headquartered in West Palm Beach, Florida, with additional locations in San Diego, California, Grand Cayman, Cayman Islands, and Shanghai, China. The company is committed to pioneering innovative solutions in cell and gene therapy, leveraging its logic-gated CAR-T platform to improve patient access to these advanced treatment options.

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Lubys Inc operates a multi-brand restaurant business in the United States, with three primary segments: company-owned restaurants, franchises, and culinary contract services. Its company-owned segment comprises popular brands like Luby's Cafeteria, Fuddruckers, and Cheeseburger in Paradise, offering classic comfort foods in a homey atmosphere. Lubys Inc franchises solely the Fuddruckers brand, strategically expanding into markets that benefit its restaurant system. Additionally, it provides culinary services under the Luby's Culinarymore brand.

Endries International Inc. is a distributor of fasteners and related production components, primarily serving original equipment manufacturers (OEMs) on a global scale. The company specializes in a diverse array of products, including abrasives, chemicals, electrical supplies, hydraulic and pneumatic components, mechanical parts, non-metallic components, and various industrial supplies. Additionally, Endries offers janitorial, packaging, shipping, and safety supplies, as well as pipes, valves, and fittings. With a focus on designing and engineering customized solutions, Endries International caters to the specific needs of its clients in the industrial sector.

Ring Container Technologies Group, LLC is a manufacturer based in Oakland, Tennessee, specializing in the production of high-density polyethylene (HDPE) and polyethylene terephthalate (PET) containers. The company focuses on creating innovative and practical packaging solutions for the consumer packaging industry, serving various markets including food service and retail. By employing advanced blow molding techniques, Ring Container delivers lightweight yet durable products that enhance shelf performance and meet the diverse needs of its customers. The company collaborates closely with clients to address specific challenges and capitalize on market opportunities, ensuring that its containers not only meet functional requirements but also align with sustainable practices. Ring Container employs approximately 580 full-time staff and generates an estimated annual revenue of $137.5 million, partnering with notable companies in the food industry.

Theriva Biologics is a clinical-stage immuno-oncology company focused on developing oncolytic viruses to treat cancer. The company's lead program, VCN-01, is designed to disrupt the protective stroma of solid tumors, allowing for targeted infection and destruction of cancer cells. Additionally, Theriva is advancing its preclinical program, VCN-11, which employs proprietary Albumin Shield Technology to shield oncolytic viruses from the host immune system, enhancing their therapeutic potential. By leveraging the unique properties of oncolytic viruses, Theriva Biologics aims to offer innovative cancer treatments that improve efficacy while reducing harm to surrounding healthy tissues.