Alternative Investment Awards 2016 83 Partners, LLC Company: Spell Capital Partners, LLC Name: William Spell Web Address: Address: 222 S 9th St, Suite 2880, Minneapolis, MN 55402 Telephone: 612-371-9650 AI16088 Spell Capital Spell Capital Partners, LLC is an established manager of private equity and mezzanine capital with a history of providing strong returns. We profile the firm and explore the services it provides in this area. Spell Capital was founded in 1988, and is one of the oldest private equity firms in Minnesota. The firm principals average 20+ years of leveraged buyout investing, and have successfully invested together for over 15 years. Since inception, Spell has successfully raised five private equity funds and one SBIC mezzanine fund and has expanded from just two employ- ees to a team of 20 professionals today. The firm has completed 30 platform equity investments and more than 120 total transactions. On average, Spell completes 10 – 15 transac- tions per year between its mezzanine and private equity funds. Spell’s historical private equity investments have yielded cumulative aggregate returns of 26.3% gross IRR and a 2.47x cash-on-cash multiple as a result of its partners’ deep expertise in acquisitions and financing and ability to collaborate with management teams to grow businesses both internally and through add-on acquisitions. Spell Capital works with a wide variety of investors, including high net worth individuals, family offices, and institutions. Considering Spell’s successful 28-year track record, the firm has developed an extensive deal flow network and evaluates over 1,000 opportunities each year, many of which are proprietary. Intermediaries seek out Spell because of their certainty to close and outstanding repu- tation in the industry. As a result of existing long standing relationships with a multitude of financial institutions that can provide debt financing to support transactions, Spell is able to quickly and efficiently close transactions, which is appealing to both the intermediary and the seller. Spell also has established relationships with professional advisors and service providers, so they are always working with people they know and trust and are able to move through due diligence quickly, seeking to verify the information they have been provided as opposed to looking for reasons to make a purchase price reduction. Intermediaries trust Spell for certainty of close, not to re-trade deals, and to work to close transactions in the most efficient manner possible. Spell Capital is currently in the process of investing Spell Capital Partners Fund V, which launched in September 2015 with a fundraising goal of $50.0 million. The fund is currently oversubscribed, and will likely close around $70.0 million before the end of 3Q16. This Fund has a ten-year life and Spell anticipates investing in lower-middle market industrial manufacturing businesses. Additionally, Spell is investing out of its first mezzanine fund, and will likely raise a second mezzanine fund in the next 12 – 24 months. Best Mezzanine Capital Manager – USA & Best New Private Equity Buyout Fund 2016: Spell Capital Partners, Fund V