Oasis Technology Fund, L.P. (the “Fund”), is a Delaware limited partnership formed and managed by Oasis Capital Partners, LLC. The Fund anticipates an initial closing at $25 million in capital commitments and a final closing, within twelve months following the first closing, at a total of $100 million in capital commitments. The Fund’s General Partner has committed $1,000,000 to the Fund.The Oasis Technology Fund (“OTF”) is constructed around five “building blocks”:
Significant Market Opportunity.A persistent shortage of risk capital for women- and minority-led technology companies has created a substantial investment opportunity for a targeted private equity fund. Both major venture firms and smaller, specialty funds are poorly positioned to serve this market. Oasis Capital Partners has created the Technology Fund to capitalize on the opportunity presented by this supply-demand gap. Because the gap is structural, it is expected to persist throughout the investment horizon of the Fund.Deep, Diverse Deal Sourcing. OTF principals have built a strong deal flow for the Technology Fund from a combination of professional contacts and a “partnering network” of academic institutions, corporations, government agencies, professional associations and research laboratories. The network affords the Fund early access to “ready-for-commercialization” technologies and technology teams. It also puts OTF at near parity with established funds in the all-important competition for a “first look” at attractive transactions.
Focused Investment Approach. Oasis Capital’s strategy is to focus OTF investment in four technology sectors (communications, software, bio-science and materials science) where firm expertise and development trends promise the greatest opportunity to realize superior returns. A typical investment for the Fund will range from $2 million to $7 million. Each investment will be evaluated against the following criteria using our Key Factor Analysis: a) robust business model, b) tight fit between strategy and positioning, c) “execution-able” management team, d) multiple exit options and e) ability to generate superior returns.
Unique Ability to Add Value. As managers, the principals of Oasis Capital Partners bring to the Technology Fund a proven ability to add value throughout the private equity investment process. From “Opportunity Scanning” to “Managing the Exit,” the firm’s five investment professionals have earned reputations for being able to identify and supply the “missing piece” in the evolution of technology companies. A talented and well-connected Advisory Board extends management’s ability to serve as effective mentor/coaches for emerging companies.
Accomplished Investment Record. Founded in 1998 as a minority-owned merchant bank, Oasis Capital Partners, LLC has directed over $26 million in private company investments over the past four years, including over $790,000 of firm capital invested in five technology companies (see Tables 1-3, page 3 and Table 9, page 40). These latter five investments have an estimated aggregate value of $3.8 million, representing a gain of $3.0 million and an internal rate of return (IRR) well in excess of 100%.
For more information about the Oasis Technology Fund, please contact us directly.