We apply our longstanding experience to help our portfolio companies build successful businesses. We strive for partnership, not just financial investment, and pride ourselves in offering a differentiated experience that is reflective of our core principles.
The Multiplier
Advantage
Reliability
Our decision-making process is simple, and we pride ourselves on delivering meaningful feedback to prospective borrowers and closing deals quickly. In addition, we have a well-earned reputation for delivering on the expectations we set.
Flexibility
We are not tied to “traditional” lending parameters, and we don’t apply a one-size-fits-all approach to our investments. No two growth companies are the same, and we seek to tailor loan terms that recognize each borrower’s specific needs and challenges.
Patience
Our experience in growth finance has taught us that bumps along the road to success are a given. Our success is ultimately tied to our portfolio companies’ success, and we seek to craft win-win solutions when our company partners face unforeseen challenges.
Our Investment Team
Ray Boone
General Partner
Ray Boone is a founder and general partner of Multiplier. He was formerly a Principal and co-founder of ORIX’s growth lending business co-leading the Silicon Valley office and the Western Region.
Ray has 15 years of direct experience in growth and venture lending. Prior to ORIX, he was a Director in Bank of America’s high-growth lending unit, Greyrock Capital, where he oversaw a team of underwriters for all new business and portfolio restructuring. While at Greyrock, Ray helped deploy over $1 billion in growth debt capital. Prior to Greyrock, Ray was CFO at Zeos, a start-up internet search company, and prior to that he was with Foothill Capital Corporation.
Ray received his bachelor’s in Economics from the University of Southern California.
Active Portfolio: CatchCo, Credit Sesame, Liftopia, Metromile, Rocket Lawyer, Sittercity, Whaleworck, Winc, Touch of Modern, Tradesy
Franklin Clarke
Portfolio Manager
Franklin Clarke serves as the Portfolio Manager at Multiplier Capital. Franklin brings over 20 years of experience as an investment research and financial data analyst. He was formerly a New Ventures Director at Landmark Media Enterprises where he evaluated and monitored privately-held digital and traditional media company investments. Prior to Landmark, Franklin was a Principal in ORIX Merchant Banking and a Vice President of ORIX Corporate Finance.
At ORIX, he recommended and monitored investments in mezzanine debt across a variety of sectors and high-yield bonds of media companies. Before ORIX, Franklin created financial models for assessing performance of a sovereign debt portfolio at a United Nations agency based in Rome, Italy. He began his career at Morgan Guaranty Trust Co. in New York, where he was a Vice President in Corporate Finance. Franklin received his M.Sc. in Decision Sciences at the University of Westminster, London, and his B.A. from the University of Virginia.
Ezra Friedberg
General Partner
Ezra Friedberg is a founder and general partner of Multiplier Capital. Separately, Ezra owns and operates other investments and financial businesses.
Ezra is a seasoned investor with more than twenty years of investing experience in both public and private companies. His investments include classic private equity, venture capital, distressed opportunities/assets, and property across the United States, Canada, and overseas.
Ezra is a graduate of Johns Hopkins University. He has founded and is an active member of several community and civic organizations, including a non-profit employment agency. Ezra also serves as a member of his family’s global charitable foundations. Ezra has served on several for-profit and non-profit boards.
Wilson King
Partner
Wilson King is a Partner of Multiplier, with responsibility for deal flow origination, evaluation, execution, and structuring, including due diligence, legal and document review.
Wilson brings over 15 years of direct investing and investment banking experience to Multiplier including $500MM of direct growth lending experience. Prior to joining Multiplier’s founding team in 2012, Wilson spent 6 years at ORIX’s growth lending business, culminating as an Associate Director with responsibility for underwriting new investments, primarily in the Mid-Atlantic and Southeast regions. Prior to joining ORIX, Wilson worked for Houlihan Lokey, an international, advisory-focused investment bank with 14 offices throughout the United States, Europe, and Asia.
Mr. King was a Bradley-Turner Scholar at the University of Georgia, where he graduated with honors from the Terry College of Business with dual BBA degrees in finance and management information systems.
Active Portfolio: Apogee, Arroweye, Aviacode, Ninth Decimal, OneHope, OpenSlate, Second Nature, SiteSpect, Updater, Verisma
Jordan Kreke
Senior Analyst
Jordan Kreke is a Senior Analyst at Multiplier Capital, with responsibility for underwriting and other deal-side due diligence.
Prior to joining Multiplier, Jordan spent two years at The Advisory Board Company, a DC-based consulting firm that specializes in advising health care organizations worldwide regarding clinical, financial, and operational performance improvement. During his tenure at The Advisory Board, Jordan most recently served as a Senior Analyst, with responsibility for conducting primary research and data analysis to help hospital and health system clients improve top and bottom-line financial performance.
Jordan graduated from Boston College in 2016, earning dual BA degrees in economics and political science.
Carol Nicholas
Director of Operations
Carol Nicholas is the Director of Operations at Multiplier and has been with the firm since July 2012.
Carol has over 25 years of operational and project management experience. She was formerly the Administration Manager for ORIX Venture Finance, where she was responsible for deal closings, portfolio company reporting and compliance, and marketing and communications. Previously Carol worked as an Associate for ORIX Merchant Banking, where she coordinated due diligence for M&A transactions and assisted with reporting and monitoring for the private debt, private equity and special situations portfolios.
Prior to joining ORIX, Carol held a number of positions at the Institution of Civil Engineers in the UK, most recent of which was Manager – Special Projects, tasked with bridging industry leaders and speakers to build technical conference programs on state-of-the-art civil engineering.
Carol graduated Magna Cum Laude from the Zicklin School of Business at Baruch College with a BBA in Finance and Investments.
Henry O’Connor III
General Partner
Henry (“Huck”) O’Connor is a founder and general partner of Multiplier. He was formerly a Managing Director for ORIX’s growth lending business with responsibility for the Mid-Atlantic and Southeast regions.
He has 24 years of transaction experience and has raised over $18 billion in debt and equity capital for large and small public and private companies. Prior to joining ORIX, Huck worked at BIA Capital Strategies, an investment banking boutique. Prior to BIA Capital, he worked in the media and telecommunications investment banking groups of CIBC World Markets, Banc of America Securities and Salomon Smith Barney. Prior to investment banking, Huck was an attorney, most recently with Latham and Watkins.
Huck received his law degree from the University of Pennsylvania and his BA degree, with distinction, from Cornell University.
Kevin Sheehan
Managing General Partner
Kevin Sheehan is a founder and the managing general partner of Multiplier. He was formerly the President and Chief Executive Officer of ORIX’s growth lending business and founded the group in 2001.
Prior to joining ORIX in 2000, Kevin was a corporate/transactional attorney at Wachtell, Lipton, Rosen & Katz, focused on M&A work for financial institutions. He also served as special assistant to the Under Secretary of State for International Security Affairs and as an officer in the U.S. Army.
Kevin received a BS degree from the United States Military Academy at West Point, a Ph.D. in political science from Harvard University, and a JD from Columbia University.
Thomas Walton-Cale
Vice President
Thomas Walton-Cale is a Vice President with Multiplier Capital, with responsibility for deal flow evaluation, execution, and structuring, including due diligence, legal, and document review. Thomas joined Multiplier in June 2014 as a Senior Associate.
Prior to joining Multiplier, Thomas was an Associate with Harbert Growth Partners, where he executed venture capital investments in emerging growth stage technology companies, with responsibility for investment due diligence, financial analysis, and portfolio company monitoring. Prior to Harbert Venture Partners, Thomas worked in the Investment Banking Group at BB&T Capital Markets where he participated in a variety of sell-side M&A, leveraged buyout, and capital market transactions across a broad range of industries.
Thomas holds a Bachelor of Science in Commerce from the University of Virginia’s McIntire School of Commerce where he concentrated in Finance and Management.