BALTIMORE, MD, March 13, 2024 — Calvert Street Investment Partners is pleased to announce the following promotions and new hire within its two businesses, Crescentia Capital and Parkway Capital.  According to Josh Hall, “The promotions and new hire demonstrate Calvert Street’s commitment to the team and to the markets that we serve.”

 

Crescentia Capital, the equity buyout business of Calvert Street Investment Partners, is pleased to announce the promotions of Stephen Randall to Partner, Brent Peterson to Associate and the hiring of Jeff Chase to the position of Business Development Analyst.  Brian Guerin, Managing Partner of Crescentia Capital said, “Steve has been a big driver of our firm’s success originating and executing on new investment thesis opportunities over the last several years.  We are excited to see what he will accomplish as a Partner.”  Since joining Crescentia Capital in 2014, Steve has played an important role in the development of several thesis-driven investment strategies leading to platform investments including: AllClear Underground Solutions, D2K Traffic Safety Services and Terra Nova Solutions. He has over 13 years of principal investment and investment banking experience, having started his career at J.P. Morgan.

Brian commented further, “We are also excited to announce Brent’s promotion to Associate and our hiring of Jeff as our BD Analyst.  Brent has done an outstanding job supporting the investment team at Crescentia since his hire in late 2021.  Jeff, our latest addition to the team, is already generating investment opportunities for current portfolio companies and our new investment theses.  Brent and Jeff are valuable contributors to the investment team, and we look forward to their continued development.”

Brent focuses on the investment activities of Crescentia Capital and has assisted in the execution of several portfolio companies including AllClear Underground Solutions and D2K Traffic Safety Solutions.  Prior to joining in 2021, he interned at T. Rowe Price.

Jeff focuses on the business development efforts of Crescentia Capital working with the investment team originating add-on acquisitions to current portfolio companies and sourcing potential platform opportunities for new thesis-driven investment strategies. Prior to joining, Jeff provided due diligence and strategy consulting services while at PricewaterhouseCoopers.

 

 

Parkway Capital, the mezzanine business of Calvert Street Investment Partners, is pleased to announce the promotion of Nelson Westwood to Vice President. “Nelson epitomizes the core values and principles of Parkway Capital and, over the past four years, has been a significant contributor to our success.” said Chris Pope, Partner and Co-Founder.

Since joining the firm in 2020, Nelson has assisted in the sourcing, analysis, evaluation and execution of many investment opportunities at Parkway Capital. Prior to joining the firm, Nelson provided investment services for the PNC Investment Portfolio at PNC Bank in Pittsburgh.

 

About Calvert Street Investment Partners

Calvert Street Investment Partners is an SEC-registered investment advisor investing in lower middle-market companies through two distinct investment strategies: Crescentia Capital, its equity buyout business, and Parkway Capital, its mezzanine business. Collectively, Calvert Street Investment Partners’ investment professionals have invested over $1.1 billion in 135+ companies since 1995. For more information, please visit: www.calvertstreetinvestmentpartners.com.

About Crescentia Capital

Crescentia Capital, the equity buyout business of Calvert Street Investment Partners, focuses primarily on control investments in companies providing critical or essential services to the industrial and infrastructure end markets. Crescentia has been partnering with families and owner-operators to accelerate growth and drive value creation in lower middle-market companies since 1995. Crescentia collaborates closely with its operating partners and management teams, employing a disciplined investment approach that aligns our interests and commitment to the strategic growth plan. Collectively, the investment professionals have invested more than $600 million of capital (including co-investment amounts) across 65+ companies. For more information, please visit: www.crescentiacapital.com.

About Parkway Capital

Parkway Capital, the mezzanine business of Calvert Street Investment Partners, has invested alongside management, family/owner operators, and third-party financial sponsors providing flexible junior capital alternatives for lower middle market companies since 2000. Parkway’s experienced, mezzanine-focused investment professionals have invested through numerous cycles and will continue their collective legacy of making mezzanine and minority equity investments. The Parkway Capital professionals have collectively invested more than $500 million of capital across 70+ portfolio companies. For more information, please visit: www.parkwaycapital.com