Kinderhook Partners is an investment partnership founded in 2003, focused on making long-term investments in small public companies and to a lesser degree promising private companies. We aim to have a concentrated portfolio of investments in companies we believe have the potential to grow substantially over at least a three to five year period and in which the interests of management are closely aligned with the interests of shareholders. We will consider investment opportunities in a variety of industries, focusing on companies which have sustainable attractive margins and return on equity. While we do extensive due diligence on companies utilizing a wide range of publicly available information, we generally do not become insiders or take board seats. We acquire positions by either buying stock on the open market, through block transactions, or through private placements, typically targeting $5 to $20 million investments per position. When investing through private placements, we favor uncomplicated common stock purchases which can be carried out quickly and with limited transaction costs. Our investors have agreed to lengthy lock-up periods, giving us the flexibility to invest for the long-term in even extremely thinly traded, illiquid stocks. The managers of the fund all have significant amounts of their net worth invested in the fund and are in aggregate the largest owners of the fund.

Our experience stems from over 20 years successfully investing in private companies through Geocapital Partners. Founded in 1984, Geocapital Partners has been a leading venture capital firm, managing over $500 million in a series of partnerships in North America and Europe.