Brian Carney

Harbert Management Corporation (HMCSM) is a diversified investment firm. Harbert's committed capital and assets under management have grown from $1.5 billion in 2002 to approximately $3 billion as of March 1, 2013. Harbert invests across 11 alternative asset classes in three areas of concentration: real estate, private capital and absolute return strategies. In private equity, Harbert focuses on leveraged buyouts, recapitalizations, expansion capital investments, and select distressed opportunities, seeking to invest in companies which have an enterprise value between $10 million and $100 million, with a particular emphasis on transactions between $20 million and $50 million. In venture capital, Harbert provides growth capital to early stage information technology and healthcare companies in the Mid-Atlantic and Southeastern U.S., typically investing in the first or second institutional rounds, with initial investment amounts between $500,000 and $3 million. Particular sectors of investment interest include: Information Technology (Communications software and services, Enterprise/ applications software, Communications equipment, Semiconductors, Transaction processing); and Healthcare (Therapeutics, Biotechnology platforms, Diagnostics and medical devices, Healthcare IT, and Healthcare services and outsourcing). The firm's mezzanine capital group typically provides $3 million to $15 million in subordinated debt to companies in need of capital for organic growth, acquisitions, recapitalizations, or management buyouts. Harbert Private Equity provides equity capital to lower middle-market companies in a variety of industries. Harbert Private Equity has raised over $247 million in committed capital and has made nineteen platform investments and twenty one add-on acquisitions. HMC's investment teams are located in Birmingham, Alabama; New York, New York; Nashville, Tennessee; Richmond, Virginia; Atlanta, Georgia; San Francisco, California; London, United Kingdom; Madrid, Spain; Melbourne, Australia and Paris, France.