A powerful, value-added strategic partner in financial services
Since 1999, Capital One has been both a significant limited partner and a valued strategic partner for North Hill. By leveraging this relationship, North Hill has been able to add tangible strategic value to several of its portfolio companies.
A Dynamic Financial Powerhouse
Since its IPO in 1994, Capital One has grown to become one of the 10 largest diversified consumer financial services companies in the U.S., with over $75 B in deposits and $135 B in managed loans. And with more than 50 million customers, Capital One is the nation's 4th largest credit card issuer, the 2nd largest non-captive auto lender, the 9th largest retail bank, and one of the most recognizable national brands in consumer finance. At the core of Capital One’s success has been its aggressive use of technology and data analytics to drive product innovation, risk management, and direct marketing.
Significant Value for Portfolio Companies
When appropriate, North Hill can tap Capital One's substantial resources and expertise, enabling our portfolio companies to work directly with Capital One's operating businesses. For example, as a Fortune 500 company, Capital One is an active buyer of a wide array of products and services. Gaining the attention of key decision makers at such a large firm can be difficult for small vendors or startups. Because of our longstanding relationships, we are able to facilitate this type of interaction, and many of our portfolio companies have successfully engaged Capital One in sales discussions.
A New Strategic Partner
Capital One also frequently seeks strategic partners for new initiatives. We have helped facilitate partnerships between Capital One and several of our portfolio companies, resulting in win-win arrangements for Capital One and the participating portfolio companies.
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“North Hill Ventures provides the supportive investment and counsel our company needs to grow and become valuable. Compete Inc. is doing work that has never been done before — leveraging a fifty terabyte database of online consumer behavior to transform the way that consumers and brands communicate. Besides their capital, North Hill provides us with the encouragement to innovate, the marketing and industry contacts to grow, and the patience to achieve success.”
Donald l. McLagan
Chairman, President,& CEO
Compete, Inc. |