Poseidon Investment Management Launches $100 Million Fund

Poseidon Investment Management has launched its second fund and plans to raise $100 to $150 million. As a result, the company made two new key hires to assist in the effort.

Tad Henderson is coming on board as a Managing Director and will be responsible for raising capital and management of the portfolio companies. Henderson was previously Chief Operating Officer at CALSTAR, an air ambulance operator and prior to that a Debt Transaction specialist. He will also help Emily and Morgan Paxhia, the founders of Poseidon Investment Management with selecting the investments for the new fund.

In addition to Henderson, Andrew Roche will be joining the company as an Investment Analyst. His role will be in due diligence using the skills he brings from being an auditor with Deloitte. There he audited large public companies and multi-billion portfolios.  He will assist companies with their financial controls.

“These two new hires reflect our company culture and the desire to continue to build an industry, this is a critical moment for our team. Both Tad and Andrew’s experience are a strong addition to Poseidon – we feel the investors and portfolio companies will benefit greatly from the contributions of both,” said Poseidon’s co-founder and Managing Director, Emily Paxhia.

The company’s first fund was started in January 2014 and established the pair as some of the first investment professionals willing to take on the risk of cannabis investing. The team coined the phrase “harness the greenwave” and made it their trademark as they became pioneers in cannabis investing. Fund I will continue as Fund II ramps up.

“For the last four years, we have been focused on capitalizing a legal and compliant cannabis industry, launching first with a broad-based and mostly early-stage strategy. Leveraging this experience, we have a great understanding of the investable landscape and where the industry is heading,” said co-founder and Managing Director Morgan Paxhia. “Growing our team is essential to properly service future investment needs of cannabis and hemp. We are well positioned to capture significant opportunities along the growth and maturity curve of cannabis and hemp with the addition of Tad and Andy.”

Debra Borchardt

Debra BorchardtDebra Borchardt

Debra Borchardt is the CEO, Co-Founder, and Editor-In-Chief of GMR. She has covered the cannabis industry for several years at Forbes, Seeking Alpha and TheStreet. Prior to becoming a financial journalist, Debra was a Vice President at Bear Stearns where she held a Series 7 and Registered Investment Advisor license. Debra has a Masters degree in Business Journalism from New York University.


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