Private Equity

Selected Investments

Activate Healthcare was formed with the goal of transforming healthcare by delivering primary care through workplace health clinics that engage the patient, support a culture of health, guide the healthcare continuum to lower costs and enable employers of all sizes to benefit from dedicated care. The Company currently serves approximately 40 to 50 employers through 20 clinics. Activate's primary care and acute care clinics improve short-term healthcare costs, including lowering emergency room visits and increasing generic drug usage, and long-term healthcare costs, typically by managing chronic issues such as obesity, high blood pressure and diabetes.

AGI Dermatics is a bio-pharmaceutical company that develops and sells high-end skincare products and cosmetic ingredients. The Company's core products are based on DNA repair enzymes that are intended to complement skin cells' natural DNA repair capacity. AGI Dermatics was acquired by the Estee Lauder Companies (NYSE: EL) in September 2008.

Alphatec (NASDAQ: ATEC), parent company to Alphatec Spine, is a medical technology company focused on the development of products for the surgical treatment of spine disorders. The Company's primary focus is on the aging spine, which leverages its broad product portfolio and pipeline to address one of the highest growth sectors in the orthopedics industry.
American Power Group (OTCQB: APGI) is a nano-cap public company. APGI provides dual fuel engine conversion technology primarily for the heavy-duty truck industry and the oil and gas markets. The Company's technology allows diesel engines to operate on either diesel or natural gas fuels, enabling a reduction of up to 25% in fuel costs due to the significantly lower cost of natural gas.
Aton Pharma was formed to acquire under-managed specialty drug assets from large pharmaceutical companies. Aton's strategy was to acquire portfolios of "orphan" drugs at an attractive valuation and, through improved distribution, customer education and product enhancement, provide unique medicines to patients worldwide. Aton Pharma was acquired by Valeant Pharmaceuticals International, Inc. (NYSE: VRX) in May 2010.
BAWAG ranks among the five largest banks in Austria and is the leading retail bank. The bank is active in all areas of financial services in Austria and operates the largest centrally managed distribution network in the country with 150 BAWAG branch offices, approximately 1,000 Post offices and 900 Post partners.
BHS Specialty Chemical Products is a specialty chemical manufacturing and distribution company with operations in Nampa, ID and Salt Lake City, UT. The Company provides products for cleaning, sanitation and water treatment. Its target end markets include cleaning and sanitation for the food processing industry and supplies for the water treatment industry.
Chrysler Holdings
Chrysler Holdings is currently comprised solely of Chrysler Financial, the former auto lending arm of Chrysler. Chrysler Financial was acquired by Canada's Toronto-Dominion Bank (NYSE: TD) in April 2011. Chrysler Holdings retained a portfolio of assets comprised mainly of dealer loans, an insurance business, and GreenStar Capital Finance.
Cleaire developed, manufactured and sold diesel emissions-reduction devices known as diesel particulate filters for on-road and off-road heavy-duty truck engines.
Coolerado designs, manufactures and markets super-energy-efficient central air conditioning systems for commercial and residential use. The Company's proprietary and patented technology achieves electricity savings of up to 90% compared to conventional air conditioning systems. is the leading provider of cloud-based marketing automation solutions built specifically for healthcare industry. More than 20,000 providers rely on the company’s services to acquire new patients, develop and protect their online reputation, and maintain a strong digital presence everywhere patients search.
Foresight Reserves, LP
Foresight Reserves, LP operates four coal mines, which are located in Williamson and Macoupin (Illinois Basin), Gatling, OH, and Gatling, WV (Northern Appalachia). The reserve base includes low-cost, high-sulfur coal from the Illinois Basin and transportation-advantaged Northern Appalachia quality coal in Gatling, West Virginia and Ohio.
Giga-tronics (NASDAQ: GIGA) produces test and measurement equipment and radio frequency components for defense and commercial applications. The Company has also developed a next-generation signal generator for the testing of radar, electronic warfare and surveillance receivers mainly for defense applications on military aircraft.
GlucoVista has patented technology to perform safe and accurate noninvasive testing of blood glucose levels. The Company is developing a handheld device that takes glucose measurements via infrared radiation emitted from the temporal area of the forehead. Initial clinical studies indicate that GlucoVista's prototype device is accurate within FDA guidelines.
Hurel uses cell biology and microfluidics to help drug companies predict pre-clinically the drug candidates with the best chances of winning FDA approval. The Company's product tests the toxicity and metabolic effects of new drug candidates using proprietary cell assays with significantly longer lives than those currently on the market. The Company is also developing a flow product that will allow drug researchers to mimic the interaction of organs during the drug development process, effectively creating a "body on a chip."
IRON Solutions is a leading supplier of agricultural and construction equipment valuation and financial risk management information through its IRON Guides and services. IRON Solutions provides market information, analytics-based intelligence and a cloud-based enterprise system to improve farm equipment dealer and agricultural producer productivity. IRON Solutions manages over 15 million data points annually from over 1,200 farm equipment manufacturers and over 2,200 retail sources throughout North America.
IsoPlexis has developed a single-cell multiplexing immunoassay and software suite that provides in-depth biological characterization of important immune and cancer cell subsets. The tool is able to identify and characterize up to 45 secreted proteins on a single-cell basis and enables the discovery of novel biomarkers and accurate testing of molecules in the development of immunotherapies.
Maven is the digital clinic for women, giving on-demand access to best-in-class healthcare specialists, such as doctors, mental health providers, nurse practitioners, lactation consultants, physical therapists and nutritionists. Maven is deployed at top companies across the United States, including Snapchat and Protective Life Corporation, offering a unique clinical program that supports new parents from conception through pregnancy, postpartum and the transition back to work.
MedAvante has developed a new method for patient assessment in Phase II and Phase III central nervous system clinical drug trials. Clinical trials for central nervous system drugs evaluate treatments for conditions such as mood, neurological disorders, or pain that cannot be measured objectively. The Company's testing method is designed to provide faster, more accurate, and more reliable results, which reduces the overall cost and time to market for new central nervous system drugs.
Oncoceutics is a clinical-stage biopharmaceutical company pursuing the discovery and development of highly differentiated treatments for difficult cancers. Its lead candidate, ONC201, is an oral, small-molecule drug that acts against numerous tumor types by sparing healthy cells and targeting the most potent tumor suppressor pathways. ONC201 is currently in four clinical trials – a Phase I/II trial in solid tumors at the Rutgers Cancer Institute of New Jersey, a Phase II glioblastoma trial at Massachusetts General Hospital, and two Phase I/II trials in Non-Hodgkin’s lymphoma and acute leukemias at MD Anderson Cancer Center.
Outrigger has developed OpenSlate, an analytics platform that ingests data from over 80 million ad-supported videos posted everyday on over 240,000 YouTube channels and has become the standard for measuring the quality of online video content. OpenSlate's proprietary algorithm uses this vast amount of data to provide a score for each YouTube channel based on quality metrics. OpenSlate demystifies YouTube, providing a standard set of metrics for brand advertisers to measure and target YouTube advertising at scale.
Patriot National Bancorp (Nasdaq: PNBK) is a community bank headquartered in Stamford, Connecticut with assets of $624 million as of September 30, 2014 and a total of 19 branch locations throughout southern Connecticut, Westchester and New York.
Perquest provided web-based payroll processing on a SaaS basis to small businesses. As a full-service payroll provider, Perquest's offering was competitive with industry leaders, ADP and Paychex. The Company combined superior national service and reliability with local ownership and accountability in a franchised model, which was unique to the space.
Powermat is a technology company that seeks to become the industry standard for wireless charging. The Company initially focused on producing wireless charging consumer products, consisting of cases and charging pads, for the mobile smartphone and handset market in partnership with Duracell. The Company has since expanded into licensing its intellectual property to original equipment manufacturers, as it is currently doing with Samsung, Kyocera, and LG, and building out a national, and eventually global, wireless charging network.
Preferred Pet Care operates veterinary hospitals in California. The Company enhances revenue and profitability by recruiting veterinarians who have established books of business and benefits from economies of scale, centralized management and the addition of ancillary products and services.
Prevalent is a leader in third-party risk management and cyber threat intelligence analytics, providing solutions that companies use to monitor and assess the IT risks posed by their vendors and other third parties. Prevalent’s solutions deliver significant workflow efficiencies and provide real-time and contextualized threat intelligence.
SimpleReach is the standard in content measurement and distribution. As content has become the defining format for digital advertising, SimpleReach provides content creators with a platform to drive ROI at scale. With insight into which content drives conversions, SimpleReach programmatically amplifies the right content to targeted audiences across channels such as Facebook, Twitter, LinkedIn, Outbrain, Nativo, StumbleUpon and TripleLift. Currently tracking and processing more than 7 billion content interactions in real-time daily, SimpleReach works with leading publishers such as The New York Times, Forbes and The Huffington Post, and Fortune 500 companies including Intel and SAP.
Splash is a leading SaaS-based event marketing automation platform used by over 200 customers, including many of the Fortune 500 companies such as Facebook, and Nike.
WhipTail is a leader in high performance, pure solid-state-data ("SSD") storage arrays for the enterprise market. The Company addresses the massive market opportunity that has arisen due to the current data storage input/output bottleneck associated with traditional hard disk drives. Substantial improvements in computing speed have far outpaced the ability to quickly access data on traditional spinning hard disk storage technology. WhipTail's products effectively remove this bottleneck and greatly improve the performance of vital enterprise applications such as virtualization, online transaction processing, databases and email. In October 2013, WhipTail was acquired by Cisco Systems, Inc. (NASDAQ: CSCO).
Ziften is a leading endpoint threat detection solution that continuously monitors an enterprise’s endpoints (computers, laptops, and mobile devices) to provide unprecedented visibility into the “last mile” of a company’s IT network. Combining real-time user, device and threat behavior monitoring, analytics, and reporting, Ziften takes the complexity, time, and cost out of endpoint detection and response with an easy-to-use solution that deploys in hours, not days. Security teams throughout the world use Ziften’s solution to augment their existing infrastructure and amplify their resources to more easily and automatically pinpoint and respond to threats, vulnerabilities, and abnormalities. Ziften has forged alliances and technology partnerships with leading security vendors including Splunk, ServiceNow, VMware, AlienVault, Lancope, and Lookingglass, among others.

The information provided herein should not be considered a recommendation to purchase or sell any particular investment. There is no assurance that any investment discussed herein will remain in the relevant fund at the time you review this website. The investments discussed do not represent the relevant fund's entire holdings. It should not be assumed that any of the investments discussed was or will prove to be profitable, or that the investment recommendations or decisions SMC makes in the future will be profitable or equal the performance of the investments discussed herein.