Rick Dahlson and Cale McDowell Lead Jackson Walker’s Representation of Cypress Growth Capital in Formation of Fund IV

May 26, 2021 | Client Results



Jackson Walker counseled Cypress Growth Capital on the formation of its fourth royalty-based growth capital fund, CGC Royalty Investments IV, LP, which fully closed on May 5, 2021, with approximately $50 million in capital commitments.

Founded in 2010, Cypress Growth Capital is an alternative investment management firm based in Dallas. Cypress is the largest royalty-based growth capital investor in the U.S. with more than $100 million of capital under management. The firm focuses on royalty investments in software and technology-enabled services companies.

“Since forming our first investment fund in 2011, we have helped CEOs achieve their goals and have produced top-tier returns for our limited partners,” said Ed Mello, Co-Founder and Managing Director of Cypress. “With the launch of our fourth royalty investment fund, I look forward to seeing our firm continue to empower emerging growth companies focused on cloud software and technology-enabled business services.”

“With the launch of our fourth royalty investment fund, I look forward to seeing our firm continue to empowering emerging growth companies focused on cloud software and technology-enabled business services.”

Ed Mello, Co-Founder and Managing Director of Cypress

Rick Dahlson, who, together with Cale McDowell, led a Jackson Walker team including Michael Flatter and Argyrios Saccopoulos, said, “Cypress is a smart, innovative investment firm with a winning strategy. We are proud to have represented the firm in forming each of its royalty-based growth capital funds and in completing all of its portfolio investments.”

To explore Jackson Walker’s experience counseling startups, forming investment funds, negotiating M&A transactions, and conducting public and private offerings, visit our Corporate & Securities practice and JWStartup pages.

Meet Our Team

Richard F. Dahlson is a partner in Jackson Walker’s Dallas office and the former Chair of the Firm’s Corporate & Securities practice. Rick’s clients include large established companies, startups, entrepreneurs, investors, and investment funds. As the economy has globalized, his practice has expanded to include international transactions in Europe, the Middle East, South America, Australia, China, Korea, Mexico, and Canada. Rick was ranked in 2021 among Chambers USA: America’s Leading Lawyers for Business in Texas for Corporate/M&A.

Austin partner Cale McDowell represents public and private companies, investor groups, and investment fund sponsors in a broad array of engagements, including mergers, acquisitions, and divestitures, the structuring and formation of investment funds, joint ventures, and other entities, offerings of debt and equity securities, and general corporate governance, securities, and transactional matters. His clients include private equity funds, private real estate investment funds, public and private real estate investment trusts, hedge funds, and family offices.

Michael Flatter is an associate in Jackson Walker’s Austin office. His practice focuses on investor representation, mergers, acquisitions, joint ventures, securities offerings, and general business transactions. In his investment funds practice, Michael’s experience includes advising public and private institutional investors in connection with investments in private equity funds.

Argyrios C. Saccopoulos is an attorney in Jackson Walker’s Tax group in Austin. Argyrios regularly represents buyers, sellers, and joint venture partners in M&A and real estate transactions, including federal income tax considerations of debt financings, merger agreements, and dealings in stock, partnership interests, and blocker structures. He has extensive experience counseling fund sponsors and investors on federal income tax aspects of fund formations and investments.