Origami Capital announces the recapitalization of a growth equity fund and the promotion of Matthew Miller
Chicago, IL, March 24, 2021
Origami Capital acts as a “one-stop-shop” solution across multiple transactions, committing over $50 million to facilitate the recapitalization of a growth equity fund and its portfolio companies
Origami Capital Partners, a private equity firm that invests in complex special situations across asset classes, announced the closing of a multifaceted recapitalization of a growth equity fund. As part of the transaction, Origami (i) facilitated the recapitalization of the fund into a continuation vehicle, (ii) partnered with the fund manager to purchase interests in a strong healthcare portfolio company from legacy investors and (iii) refinanced and upsized a NAV facility to enable the fund to capitalize on COVID-induced opportunities across its portfolio. Through this transaction, Origami gained exposure to a diversified portfolio of high-quality assets in the payments, education, software and healthcare industries.
“The confluence of solutions Origami provided in this transaction highlights our ability to be a true full-service solution for investors, fund managers and portfolio companies,” said Julie Klaff, an Origami Partner. Added John Butler, “this is a dynamic and unique portfolio and we are proud to partner with the fund and portfolio companies to build value.”
Origami Capital promotes Matthew Miller to Managing Director
Matt joined Origami in 2015 as Vice President and demonstrated his ability to source, execute and manage a diverse group of investments. In addition, Matt led several key growth initiatives for the firm, including the Illiquid Asset Lending strategy. As part of his promotion, Matt also joined Origami’s Investment and Management Committees.
”It’s been extremely rewarding to participate in Origami’s development and work alongside such great talent,” said Matt Miller. “I’m very excited about our current strategic objectives and the continued expansion of our team.”
Matt’s investment experience spans over 15 years. Prior to joining Origami, he was a Vice President at Lone Star Funds, a global private equity firm that invests in real estate, private equity, private credit and other financial assets. While at Lone Star, Matt focused on distressed and opportunistic investments across multiple asset classes and industries. Prior to Lone Star, Matt was with Siguler Guff & Co. where he focused on emerging market investments.
Matt’s promotion comes amidst strong growth at Origami. The firm closed its Fund IV and made several new platform investments during 2020.
About Origami Capital Partners
Founded in 2008, Origami Capital Partners manages private capital that offers structured, creative approaches to complex challenges. Origami’s extensive experience navigating complicated situations helps to solve capital structure, liquidity and follow-on capital issues for its deal partners. Origami evaluates and invests across asset classes and sectors, including real estate, credit, technology, and financial services. Headquartered in Chicago, Illinois the firm manages committed institutional capital and is a registered SEC investment adviser.