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Gelman Brothers Family Investment Office (GBFIO) is the investing arm of two brothers, Alex and Kirill Gelman. In 2020, both brothers exited their startups. (Alex sold his tech company to a PE fund and Kirill sold his hedge fund to GTS, a global electronic market maker). They created a Family Investment Office to acquire small family businesses. The investments Gelman looks for meet the following criteria: Predictable and recurring cash flows, a history of steady growth, good margins (10%+), at least $1m in cash flow (profit) per year, an owner willing to sell a majority stake in their business, in the B2B services or software industries. The firm is based in Southern California and is excited to support businesses in the area, but will consider any business in the US. Gelman is currently focusing on businesses in the following industries: Vertically focused enterprise software; Training and e-learning; Testing, inspection, certification businesses; and Accreditation, compliance, auditing businesses. The firm backs 5-8 search funds a year.
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