Wilmingtonbiz logo
Banking & Finance

Tidewater Equity Partners Opens Wilmington HQ

By Jenny Callison, posted May 9, 2017
An investment firm launched last September in Raleigh on Tuesday officially announced the opening of its headquarters in Wilmington.
Tidewater Equity Partners will focus on small company direct investment, health care-related venture capital and innovation consulting, said founder and managing partner Merrette Moore.
The entity is not a fund and does not operate under a traditional fund model, Moore added. Instead, it provides flexibility in allowing investors to participate on a deal-by-deal basis without any upfront commitment or long-term obligation.
“Our model is special in that it allows us to be hands on and bring in investors who can draw from their expertise to contribute to specific deals. Through this, we provide value-added management and expertise to our portfolio companies,” he said.
Moore, a longtime Raleigh resident, has been in the private equity and venture capital field for the past 20 years. When he and his wife decided to move to Wilmington, he structured his new firm to draw on the strengths of his contacts in the Triangle area while building a presence in Wilmington. The firm’s four-person staff and adviser group is still based in Raleigh, he said.
A recent addition to the adviser team is Wilmington resident Rich Lee, founder and former CEO of Hosted Solutions. Moore said Lee is “very familiar with the process of growing and exiting a closely held business, having led Hosted Solutions to one of the Triangle tech sector’s largest exits in 2010.”
Tidewater, whose office is at tekMountain, will use its network and expertise to foster innovation in southeastern North Carolina, according to a news release, which stated that the firm hopes to use its innovation consulting to promote economic development for local communities in this part of the state.
Tidewater particularly sees opportunities for innovation in health care, the release stated. Similar to its work with Rex Health Ventures in the Triangle, Tidewater is in discussions with New Hanover Regional Medical Center to “help the organization find synergies and potentially develop an innovation platform of its own,” the release stated.
Since its founding, Tidewater has raised $3.1 million in venture capital for Durham-based semiconductor company Phononic and $6.5 million in private equity to secure a controlling interest in South Atlantic Packaging, a contract packaging company in Winston-Salem.
For more about the company’s plans, pick up a copy of the May 19 issue of the Greater Wilmington Business Journal.

Join The Discussion

Similar Stories

Book On Business


The 2017 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!
Print Only
$24.95 - Qty
Print + Excel File
$79.95 - Qty

In The Current Issue

NCino Inks International Deal With London Bank

Cloud banking company nCino announced in late June that its Bank Operating System has officially crossed the pond.

Below The Surface On Area’s Dive Industry

Twenty-five years ago, workaholic software writer Shawn Nasseri discovered personal serenity when he took his first plunge as a scuba diver....

Rexroad Talks CresCom, First South

A planned merger with First South Bancorp Inc. will propel Carolina Financial Corp. toward a major goal: having a presence in North Carolina...

Ico topnews Editor's Picks

UNCW Announces 2 New Online Business Master's Degrees

Christina Haley O'Neal - Jul 21, 2017 Trending News

Local Real Estate Leaders Discuss Hurdles In Current Market

Cece Nunn - Jul 21, 2017

WHQR Announces New Station Manager

Cece Nunn - Jul 20, 2017

Developers Share Plans For Leland's Next Major Retail Center

Cece Nunn - Jul 20, 2017

All Star Flags

All Star Flags is a family owned business with experience in the flag industry dating back more than 30 years.

Ico trending Trending News

UNCW Announces 2 New Online Business Master's Degrees

Christina Haley O'Neal - Jul 21, 2017

Ico newsinimages News in Pictures

Have a tip, pitch or guest column?  Send us a tip.

Gallery Galleries

Video Videos

Power Breakfast: Coach C.B. McGrath - June 2017
Wilmington's Most Intriguing People of 2016

Register to Continue Seeing Wilmington's Best Business Coverage!

There are three ways to register for free.

Sign in with LinkedIn, Facebook or create an account:

Already registered? Login here.

Your free registration includes:

  • Access to 10 articles per month on WilmingtonBiz.com
  • Email updates to stay informed on local business news
  • A mobile optimized website
  • Advanced notification of Business Journal events
  • Management of your digital and print subscriptions
Laptop iphone ipad