1925

profile

Founded by Carl Marks, with about $6,000 of initial capital, as the nation’s first foreign securities trader

1933

Branches into trading foreign bonds as well       Board

1963

Begins to add other investing businesses, starting with venture capital

1963

Starts one of the nation’s first Small Business Investment Corporations (SBICs), CMNY Capital Co., Inc., to make debt and equity investments in small businesses

1967

Edwin-and-board Diversifies trading business to include domestic securities

1973

Broadens overall investing activities into mergersand acquisitions (M&A) and
private placementsOn-the-phone

1975

CMCO-entryCompletes one of the first leveraged buyouts (LBOs), starting a trend followed by Wall Street for decades

1983

RenderingsCityScapeBegins investing in real estate

1987

Incubates its first distressed investing business, Carl Marks Strategic Investments (CMSI) to invest in underperforming companies. Later, CMSI becomes part of Carl Marks Management Company, Carl Marks’s current distressed investments business

1988

Merges the foreign exchange business with Smith New Court PLC

1989

Creates its first private equity fund, focused on LBOs

1991

Begins Carl Marks Consulting Group (CMCG), a turnaround consulting business

1992

Launches CM Equity Partners, a generalist private equity business that eventually focuses its investments on U.S. Federal services contractors, aerospace & defense and business services

1995

Sells its Smith New Court PLC holdings to Merrill Lynch (now Bank of America Merrill Lynch)

1996

With a nod to its roots, forms Carl Marks Global Value Fund to invest in foreign securities, primarily in emerging markets

1997

Forms a second SBIC and co-invests in another, continuing to provide capital to small businesses

2000

Begins CM Opportunity Fund to specialize in buyouts of small businesses

2001

Creates Carl Marks Capital Advisors (CMCA), offering investment banking services arising from successful turnaround consulting engagements

2006

Merges CMCA and CMCG into Carl Marks Advisory Group, currently called Carl Marks Advisors

2007

Begins partnership with Capital Counsel, LLC, an asset manager

2007

Seeds BlueStar CM Life Sciences Focus Fund to invest in public healthcare equities

2008

Launches Carl Marks Healthcare Partners to provide operational performance improvement and turnaround management support in the healthcare industry. Later, the business becomes part of Carl Marks Advisory Group

2014

sand_oak_logoPartners with Sand Oak Capital, a private equity firm focused on acquiring industrial business located in the U.S. Rust Belt