WESTPORT, Conn., June 27,
2024 /PRNewswire/ -- Balance Point Capital Advisors,
LLC ("Balance Point"), a provider of capital to lower middle market
companies, is pleased to announce the addition of two hires on the
investment and portfolio management teams, Kelan Betancourt and Chris McAvoy, respectively.
"We are excited to have Kelan and Chris join the Balance Point
Team," said Seth Alvord, Managing
Partner. "We continue to invest in our team and expand our
capabilities and look forward to contributions from these
individuals in the years to come."
Kelan joined Balance Point in June
2024 as an Associate and focuses on deal underwriting and
execution. Prior to joining Balance Point, Kelan was a Vice
President at Silicon Valley Bank, where he was responsible for
underwriting, executing, and managing debt investments to support
sponsor-backed software buyouts and M&A. Kelan began his career
as an Associate at Silicon Valley Bank and was promoted to Vice
President thereafter.
Chris joined Balance Point in May
2024 as a Senior Portfolio Associate and focuses on
portfolio management. Prior to joining, Chris worked at RSM US LLP
as a Manager in the Transaction Advisory Services group where he
performed buy-side and sell-side financial due diligence and gained
extensive experience preparing quality of earnings and working
capital analyses for clients evaluating acquisition and financing
decisions. Prior to this role, he worked in the assurance services
group at RSM. During his tenure at RSM Chris focused on middle
market companies in the healthcare, consumer products, business
services, and life sciences industries.
About Balance Point Capital
Balance Point is an alternative investment manager focused on
the lower middle market. With approximately $2.1 billion in assets under management, Balance
Point invests debt and equity capital in select lower middle market
companies across a variety of investment vehicles. Balance Point
takes a long-term, partnership approach to investing and is
committed to building lasting relationships with its partners,
management teams and intermediaries. Balance Point is a registered
investment advisor. Further information is available at
www.balancepointcapital.com.
Media Contact:
Adam H. Sauerteig
Office: 203-652-8555
asauerteig@balancepointcapital.com
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SOURCE Balance Point Capital