Regulatory & Compliance
ESOPs as a Business Exit Vehicle: How Accredited Investors Can Fund the Transition
TL;DR: According to the National Center for Employee Ownership (NCEO) , 6,609 ESOPs now hold $2.06 trillion in total plan assets and cover 15.1 million participants, based on 2023 Form 5500 filings....
Jeff Barnes, MBA··10 min read
Alternative Investments
Mezzanine Financing: The Hybrid Debt Between Senior Loans and Equity
TL;DR: Mezzanine debt is a subordinated instrument sitting below senior loans and above common equity in the capital stack. It targets 12–20% total returns by combining a cash coupon of 8–12%, PIK...
Jeff Barnes, MBA··11 min read