Seacoast Capital Adds Timothy Fay as Partner in SF Office

Danvers, Mass-based Seacoast Capital, a firm targeting the lower middle market, has hired Timothy Fay as a partner in its San Francisco office. Previously, Fay was a managing partner and the co-founder of Cleveland, Oh.-based Key Principal Partners (whose team has since launched Cyprium Partners).


Danvers, MA, September 7, 2011 – Seacoast Capital (“Seacoast”) today announced the addition of Timothy Fay as a Partner in the firm’s San Francisco office. Formerly a Managing Partner and co-founder of Key Principal Partners, Fay brings over 20 years of mezzanine investing experience to Seacoast.

“The addition of Tim significantly bolsters our West Coast presence and really underscores the current opportunity to drive outsized returns investing in the lower middle-market,” said Seacoast Partner Jeff Holland.  “Tim has always had a passion for working with smaller businesses and is excited to return to the market segment where he began his principal investing career.”

In addition to the hiring of Fay, Seacoast also announced the promotion of Jamie Donelan, formerly an Associate with the firm, to Vice President.  Donelan began his principal investing career as an Analyst with Seacoast in 2006 and is based out of the firm’s Boston office.

About Tim Fay

Tim joined Seacoast Capital as a Partner in August 2011. Formerly, Mr. Fay was a Managing Partner and co-founder of Key Mezzanine Fund I L.P., the antecedent entity of Key Principal Partners (“KPP”), a junior capital fund with over $1 billion in assets under management. Most recently at KPP, Tim managed the San Francisco office, and was responsible for sourcing, negotiating, executing and monitoring middle market investments across a wide range of industries. From 1995 to 1998, he worked at PMI Mezzanine fund, L.P., where he was responsible for determining the inherent risk and viability of prospective mezzanine and common equity investments. Prior to that, he was with The Barclays Group, where he was an Associate Director in BZW’s Mezzanine Group and Corporate Finance Group. Fay began his career as a junior economist at The Federal Reserve Bank. From there, he worked as a Credit Officer for River Oaks Bank and Trust as well as various leveraged lending functions for Republic Bancorp and Standard Chartered Bank PLC. He received his MBA from the University of Chicago and a BA in Economics from the University of Texas-Dallas.

About Jamie Donelan

Jamie joined Seacoast Capital as an Analyst in 2006. Prior to joining Seacoast, Mr. Donelan worked in the Investment Banking group at Adams, Harkness & Hill in Boston (now Canaccord Genuity), where he focused on public equity, M&A, and PIPE transactions primarily in the consumer sector. His prior work experience includes working in Business Development for EatingWell Magazine, and in the corporate finance group of Dunkin’ Brands. He received a BA in Economics from Middlebury College and also studied at the London School of Economics.

About Seacoast

Founded in 1994, Seacoast, with offices in Boston, MA and San Francisco, CA, invests subordinated debt and equity in partnership with management in lower middle-market specialty manufacturing, value-added distribution and business services companies. Seacoast typically invests $3 million to $10 million of subordinated debt and equity alongside existing management in companies with $10 million plus in revenues and $2 million plus of EBITDA to support growth, refinancings or management buyouts. Geographically, Seacoast invests anywhere in the United States. Since its inception, Seacoast has invested over $220 million in 50+ businesses across the United States. Seacoast is now actively seeking investment opportunities.

For additional information or to submit an investment opportunity, please contact Seacoast in Boston at (978) 750-1300 or San Francisco at (415) 956-1400.