Curated Deal Matching

Our approach to introductions, and why the right ones change a company’s trajectory.

Not all money is equal. The founders we work with know it. They want investors who fit on a deeper strategic level, and that is exactly what we match for.

Not all money is equal. The founders we work with know it. They want investors who fit on a deeper strategic level, and that is exactly what we match for.

Not all money is equal. The founders we work with know it. They want investors who fit on a deeper strategic level, and that is exactly what we match for.

Not all money is equal. The founders we work with know it. They want investors who fit on a deeper strategic level, and that is exactly what we match for.

Every Introduction Is Carefully Selected

Stage, sector, and cheque size match are the minimum. The introduction is made on what each side can do for the other.

Warm intros from Kestrel Capital
A customer in your marketIntro
Through a portco they led in 2023
CFO who exited in your spaceHire
Through their portfolio companies
A co-investor for the next roundInvestment
Through two funds they invest alongside with

For Companies

For the company, an investor is selected for what their seat opens. Customers, hires, and the next round, with the path to each mapped before the introduction is made.

Kestrel Capital12 Portcos
WHERE YOUR COMPANY FITS
YOU
Adjacent to four. Supplier to two. Competitor to none.

For Investors

For the investor, a company is selected for what it adds to their world. A fit in the portfolio, a partner for what they already own, the exposure their LPs asked for.

01

01

PORTFOLIO ADJACENCY

PORTFOLIO ADJACENCY

PORTFOLIO ADJACENCY

PORTFOLIO ADJACENCY

Every investor holds a portfolio, and every portfolio has gaps. We look at where a company sits beside the businesses an investor has already backed, so the introduction lands with someone who understands the market before the first call.

Every investor holds a portfolio, and every portfolio has gaps. We look at where a company sits beside the businesses an investor has already backed, so the introduction lands with someone who understands the market before the first call.

02

02

THE LP BASE

THE LP BASE

THE LP BASE

THE LP BASE

A fund is only as patient as the money behind it. We read who the limited partners are, what they have committed to and what they are looking for next, because that shapes which deals a manager can actually say yes to.

A fund is only as patient as the money behind it. We read who the limited partners are, what they have committed to and what they are looking for next, because that shapes which deals a manager can actually say yes to.

03

03

THE OPERATING BUSINESSES

THE OPERATING BUSINESSES

THE OPERATING BUSINESSES

THE OPERATING BUSINESSES

Most family offices grew out of an operating business, and many still own one. We map those businesses, because a family that runs a logistics group or a retail chain can open doors an ordinary financial investor never could.

Most family offices grew out of an operating business, and many still own one. We map those businesses, because a family that runs a logistics group or a retail chain can open doors an ordinary financial investor never could.

04

04

THE CONTACT GRAPH

THE CONTACT GRAPH

THE CONTACT GRAPH

THE CONTACT GRAPH

An investor's real value is often in their contacts. We map the customers, distribution partners and co-investors each investor can genuinely reach, so a company knows what a seat on its cap table comes with before it is offered.

An investor’s real value is often in their contacts. We map the customers, distribution partners and co-investors each investor can genuinely reach, so a company knows what a seat on its cap table comes with before it is offered.

05

05

TIMING

TIMING

TIMING

TIMING

Appetite moves with fund cycles, exits and the market, and an investor who was right twelve months ago may be wrong today. We introduce companies to investors with capital ready this quarter.

Appetite moves with fund cycles, exits and the market, and an investor who was right twelve months ago may be wrong today. We introduce companies to investors with capital ready this quarter.

Value Is Created In Both Directions

The best introductions are the ones where the company fills a gap the investor has, and the investor opens doors the company could not open alone.

The best introductions are the ones where the company fills a gap the investor has, and the investor opens doors the company could not open alone.

The best introductions are the ones where the company fills a gap the investor has, and the investor opens doors the company could not open alone.

FOR THE COMPANY

FOR THE COMPANY

FOR THE COMPANY

A new customer

A new customer

A new customer

A new customer

Introduced by the LP base

Introduced by the LP base

A hire

A hire

A hire

A hire

Found through a portco

Found through a portco

A follow-on

A follow-on

A follow-on

A follow-on

Warm before the round opened

Warm before the round opened

Set in motionSince the introduction
FOR THE COMPANY
First orderFrom an introduced customer
HireFound through a portco
Follow-onWarm before the round opened
FOR THE INVESTOR
Portfolio fitSits beside their portcos
LP fitServes their LPs
New marketOne their family knows well

FOR THE INVESTOR

FOR THE INVESTOR

A portfolio fit

A portfolio fit

A portfolio fit

A portfolio fit

Sits beside an investor's portcos

Sits beside an investor’s portcos

An LP fit

An LP fit

An LP fit

An LP fit

Serves the people behind the fund

Serves the people behind the fund

A new market

A new market

A new market

A new market

One their family knows well

One their family knows well

Beyond The Round

A raise is a moment. The relationships that close the next round are built in the months between.

THE ROUND CLOSESTHE NEXT ROUND OPENS
Introductions keep going
Relationships keep warming up
  1. THE ROUND CLOSES
  2. Introductions keep going
  3. Relationships keep warming up
  4. THE NEXT ROUND OPENS

Beyond The Round

A raise is a moment. The relationships that close the next round are built in the months between.

THE ROUND CLOSESTHE NEXT ROUND OPENS
Introductions keep goingRelationships keep warming up
  1. THE ROUND CLOSES
  2. Introductions keep going
  3. Relationships keep warming up
  4. THE NEXT ROUND OPENS

Skin In The Game

We invest our own capital into deals alongside the network.

No single fund sees how investors read the same deal. We do.