With nearly three decades of experience, first building the private equity practice group at Bain & Co., then founding Sagard Capital, 325 Capital has a demonstrated track record of being a constructive partner to companies undergoing change. The fund invests in a concentrated portfolio of high-quality, small-cap companies where it can be a significant minority shareholder. Using data-driven, analytical insights, the fund engages with management teams and boards, working to achieve a blueprint for value creation. Investing in an under-covered universe where it has built a knowledge base over nearly 15 years, 325 Capital executes a disciplined, firm-wide investment approach to identify superior companies with a window or catalyst for growth.

Michael Braner: Michael is the Managing Partner and Founder of 325 Capital with 18 years of investment experience and board roles at four companies, including one as Chairman. Before 325 Capital, Michael was a Partner at Sagard Capital, where he developed screening, diligence, and portfolio allocation processes. He previously spent 10 years at Bain & Company as a senior manager in the Private Equity and TMT Practices, working across multiple global offices.Michael holds a B.S. in Industrial Engineering from Stanford University and a PMD from Harvard Business School. He is Chairman Emeritus of the New York Landmarks Conservancy and a Trustee of Arbor Brothers. He lives in New York with his wife and two children.

Dan Friedberg: Dan is a Managing Partner and Founder of 325 Capital. Before this, he founded and led Sagard Capital, pioneering its investment strategy and specializing in governance, management team, and board relationships. Over the past 18 years, Dan has invested in public companies through Sagard Capital and his private firm, Hampstead Park Capital Management. He has served on six public and two private boards, including three as Chairman, and currently chairs Quest Resource Holdings Corp. Previously, Dan was a partner at Bain & Company, leading the New York and Canadian private equity businesses. He began at Bain’s London office and helped establish the Toronto and New York offices. Dan holds an MBA from the Cornell Johnson College of Business and a Bachelor of Science honors degree from the University of Manchester Institute of Science and Technology. He serves on the boards of Buttonwood Network, Triphammer Investments, and USA Field Hockey. Dan lives in Connecticut with his wife and three children.

Anil Shrivastava: Anil is a Managing Partner and Founder of 325 Capital with 16 years of investment experience and board roles at five private companies, including three as Chairman. Before 325 Capital, Anil was a Partner at Sagard Capital, focusing on blueprint development, management relationships, and team building. He also served as a Managing Director in the Healthcare group at Vestar Capital, a $5B private equity firm. Previously, he spent 15 years at Bain & Company as a partner in the Private Equity and Healthcare Practices, working across Boston, Sydney, London, and New York. Anil graduated with honors in Economics from Harvard College and earned an MBA from Harvard Business School. He is a Trustee at the New York Hall of Science and lives in New York with his wife and two children.

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