Boone Opportunity Lenders

Boone Opportunity Lenders is an opportunistic, cash flow lender to high-growth public and private companies in need of time-sensitive capital. Founded in 2007 and managed by Randall P. Stern (who previously co-founded and managed a special opportunity fund with a similar strategy), Boone is backed by institutional investors and brings a hybrid approach to early-stage financing. Boone does not finance start-ups or companies which are not yet profitable. Boone Lenders is a resource for software and technology-based solution providers, as well as service-related businesses in need of growth capital that may be non-bankable because of billing practices, limited historical profitability, or simply outstretched ABL formulas. Boone targets companies with EBITDAs of less than $7 million and located in North America. The firm invests $1-$10 million in a variety of industries, but does not invest in start-ups or real estate. The firm concentrates on lower/middle-market companies ($2MM < EBITDA < $10MM).