Overview
Ferghana operates between traditional credit and equity.
We target opportunities outside the “credit box” and beyond the reach of equity-only providers.
Flexible and creative
We provide responsive, partnership driven capital solutions where traditional lenders see too much risk, and equity capital is too blunt an instrument.
Cycle agnostic readiness
Our capital is cycle-agnostic and ready to deploy in both offensive and defensive market environments.
Mid-stack positioning
We occupy the sweet spot in the capital stack, investing where credit ends and equity begins.
Platform enabled execution
We augment our capital with deep sector expertise, operational networks, and strategic insights.
Collaboration first
We collaborate closely with founders, sponsors and management to craft unique structures with alignment at the core.
Speed with sophistication
Relying on our upmarket expertise and experience with complex transactions, we can underwrite, structure, and close in compressed timelines.
How we create value
Our investment strategy is rooted in flexibility, discipline, and deep pattern recognition. We focus on inflection-point situations where our experience gives us an edge.
By identifying opportunities ahead of market consensus, we create asymmetric outcomes and emphasize capital efficiency and risk management.
Board and governance support that is aligned, not overbearing.
Strategic guidance from a team that has built businesses before.
Sector-specific insight and introductions that open doors.
Risk management with a barbell approach—protect downside while delivering compensation for financing growth.
Investment criteria
Ferghana’s typical investment*
*Usual parameters, with flexibility for exceptional opportunities.
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Typical Check Size
$15M – $75M
EBITDA
$8M – $50M
TEV
$50M – $500M
Growth Capital
Acquisition Financing
Management Buyouts
Minority Recaps
Replacement Capital
Failed M&A Process
Succession-based Planning
Stretch Leverage
Sponsor Bridge to Sale
United States
Europe
Select Developed Markets
Industry agnostic and generalist
Our team has worked across dozens of industries including insurance, software, healthcare, IT, manufacturing, and professional sports franchises.