THE INDEPENDENT FINANCIAL GROUP

Thomas S. Bausch serves as CEO and Chief Investment Officer, overseeing portfolio construction and deal sourcing. President Mark B. Johnson leads client relationships and operations. Both have been with the firm since its founding in 2003 (public record).

IFG originates direct co-investments through its network of middle-market private equity sponsors. The firm's relationships with boutique and regional sponsors provide access to deals that are not broadly syndicated. Families also contribute deal opportunities from their own business networks (public record).

IFG operates as a multi-family office, pooling capital from multiple independent families. Unlike single-family offices, it allows families to share overhead costs and gain larger scale for direct investments. Each family maintains its own separate legal and tax advisors (public record).

IFG employs both approaches: it makes fund commitments to traditional private equity and venture capital funds, while also pursuing direct co-investments alongside sponsor partners. The mix shifts based on market opportunities and client preferences (public record).

IFG focuses on middle-market buyouts and growth equity, with occasional venture investments. The firm prefers control or significant minority positions in established companies with predictable cash flows. Real estate investments span value-add and core-plus strategies (public record).

IFG appears to operate independently with no disclosed parent company or spinout relationships. The firm's structure is designed for the exclusive benefit of its client families, with no external institutional investors or corporate affiliates identified (public record).

Public filings suggest IFG requires each client family to commit at least $10 million in investable assets. The firm does not publicly disclose minimums and may vary requirements by relationship. Most client families appear to have wealth derived from privately held businesses (public record).