Answer Box: TL;DR
Cross-border capital can be a huge edge for tech founders—if you can handle the extra complexity. In this episode, Dan and Silvermile Capital managing partner Aditya unpack how cross-border M&A and capital raises really work in the private markets, especially for fintech, software, and AI companies. They discuss why tapping investors across North America, Europe, and Asia can lead to better partners, better valuations, and more optionality, but also why regulations, due diligence, and execution risk make these deals harder than purely domestic ones.
Key Takeaways
- Silvermile lives in the cross-border tech niche. The firm focuses on private-market transactions for emerging growth and middle-market tech companies (fintech, software, AI) in the $20M–$200M deal range, with over $3B in financings transacted in four years.
- Cross-border deals are tougher by design. Different legal regimes, regulatory expectations, and more complex due diligence make the bar higher—but that’s exactly why the rewards can be larger for the right founders and investors.
- Global capital = more optionality. For companies that trade or transact globally, access to investors in North America, Europe, and Asia can improve pricing, strategic fit, and long-term support compared with staying purely local.
- Aditya underwrites founders as much as businesses. Beyond pitch decks and metrics, he looks deeply at a founder’s “why,” personal story, and resilience—what will keep them going when things inevitably get hard.
- Warm networks still drive the best deal flow. Silvermile sources opportunities via trusted introductions from existing backers, family offices, and institutions, plus targeted conferences and outreach—not spray-and-pray cold emails.
- Technology is changing the workflow, not the core job. AI and modern tools help compress timelines and improve analysis and benchmarking, but origination, relationships, and final judgment remain firmly human.
- Staying globally informed is non-negotiable. To operate cross-border, you have to constantly track regulatory changes, market dynamics, and deal activity across multiple jurisdictions.
- Your network is a compounding asset. Aditya’s advice to his younger self—and to ambitious professionals—is to obsess over who you spend your time with and how you add and receive value in those relationships.
Key Moments
- 00:02 – Opening & sponsor. Tailored Wealth is introduced as helping business leaders live their version of a rich life.
- 00:26 – Dan sets the stage. Episode 17 introduction and overview of the show’s mission: cutting through noise and turning strategy into action.
- 01:25 – What Silvermile Capital does. Aditya explains their focus on cross-border private-market tech deals and typical deal sizes.
- 02:34 – From public markets to private tech. How Aditya’s early work in long/short equities and family offices led him into cross-border private markets.
- 04:04 – What “cross-border” really means. Dan asks for a breakdown; Aditya explains why the bar is higher but the upside is greater for global companies.
- 05:24 – The three core geographies. North America (core capital), Europe, and Asia (especially with sovereign partners) form Silvermile’s main triangle.
- 06:02 – Biggest challenges in cross-border deals. Regulatory complexity, elongated due diligence, and staying ahead in fast-moving tech markets.
- 07:34 – How deals are sourced and vetted. Warm intros, events, targeted outreach, and deep evaluation of the founder’s “why” and unfair advantage.
- 08:46 – Betting on people, not just metrics. Why imperfect decks and metrics can still be investable when the team’s ambition and articulation are strong.
- 10:50 – Where the industry is headed. Aditya describes how AI and tools compress timelines and sharpen analysis, while humans still drive origination and decision-making.
- 12:21 – Lightning round starts. Coffee vs. tea, cats vs. dogs, his Tesla, and why compounding is his favorite money principle.
- 13:39 – Personal hacks & Rocky Balboa. How watching Rocky helps him flip into “deep work” mode.
- 14:20 – 40 countries in three years. A personal travel milestone, with Scotland as a standout destination.
- 14:51 – Advice to his younger self. Focus deeply on the people around you and the mutual value in those relationships.
- 15:10 – How to connect with Aditya. Best contact channels are LinkedIn and email.
Episode Summary
In this episode of Making Sense of Your Money, host Dan talks with Aditya, managing partner at Silvermile Capital, about the growing strategic advantage of cross-border capital for technology companies. Silvermile focuses on private-market M&A and capital raises for emerging-growth and middle-market fintech, software, and AI businesses, typically in the $20M–$200M range, and has already transacted over $3B in financings in just four years.
Aditya explains that cross-border deals are inherently more challenging: different legal systems, regulatory regimes, and due-diligence expectations raise the bar for everyone involved. But for companies that sell and transact globally, accessing capital from North America, Europe, and Asia can lead to better partners, better economics, and more long-term options than staying with a purely domestic investor base.
The conversation dives into how Silvermile actually sources and evaluates opportunities. The firm leans heavily on warm introductions from existing backers, families, and institutions, along with curated events and targeted outreach. Beyond pitch decks and performance metrics, Aditya spends serious time understanding the founder’s story and resilience—what personal pain or insight drove them to start the business, and what will keep them going when things inevitably get hard. He’s seen imperfect decks and imperfect metrics overridden by a compelling “why” and clear unfair advantage.
Looking forward, Aditya sees AI and technology reshaping many steps in the deal lifecycle, from benchmarking to analysis to managing information flows. Timelines are getting shorter, and the quality and speed of output are improving. Still, he emphasizes that humans remain at the center of origination, relationship-building, and final decision-making; technology augments, but does not replace, that work.
The episode closes with a rapid-fire lightning round where Aditya shares that he’s a coffee drinker, a dog person, a Tesla driver, a believer in the power of compounding, and someone who uses Rocky Balboa movies to get into deep work mode. He also reflects on visiting 40 countries in three years and offers one key piece of advice to his younger self: be intentional about who you spend time with and how you create mutual value with them.
Full Transcript
Announcer: Brought to you by Tailored Wealth, helping business leaders live their version of a rich life.
Dan: Welcome to another edition of the Making Sense of Your Money podcast, where we cut through the financial noise and help business leaders to make smart, confident money decisions. Welcome to another episode of the Making Sense of Your Money podcast.
Dan: This is episode number 17. I’m your host Dan, founder and CEO of Tailored Wealth. And each episode features a trusted voice in the financial world, someone who works directly with high-level professionals to simplify the complex and turn strategy into action.
Dan: And today I’m excited to introduce our special guest, which is Aditya, who is the managing partner at Silvermile Capital.
Dan: And he and his firm have great expertise and a really strong background in M&A work and capital raises. And I’m excited to have you. So, Aditya, thanks so much for joining me on the Making Sense of Your Money podcast. Good to have you today.
Aditya: Thanks for having me here and look forward to the conversation, Dan.
Dan: Yeah, likewise. Likewise.
Dan: So, I know there’s a lot that our audience is going to want to hear from you, especially given your unique expertise. So, let’s start off—if you could just give like a 90-second overview of what you and your firm do, how you got into the space, and the types of folks that you work with.
Aditya: Absolutely. So, you know, we do mostly cross-border transactions within private markets with a deep focus on technology companies, specifically fintech, software, AI.
Aditya: We play in the emerging growth and the middle market layers, typically venture- and sponsor-driven companies. We typically target deal sizes between 20 to 200 million. We’ve transacted over 3 billion in financing so far across four years that we’ve been operational.
Aditya: And what got us into this was largely a focus and an interest in how capital works for innovation and specifically how cross-border capital movements can have, you know, large outcomes with ambitious founders. So that’s what got us going.
Aditya: Right now, we work with a variety of capital partners including sovereigns, pensions and, you know, direct investors on the growth equity as well as the venture side and work very closely with a great set of founders who are building very cool stuff and, you know, us having a direct kind of seat alongside them in terms of their rocket ship just makes us very excited about the kind of work we do.
Dan: Very, very cool. Yeah, that’s very cool. There’s obviously a big market for what you do now.
Dan: How did you get into the business to start? Let’s talk a little bit there. How did you get into this space to begin with?
Aditya: Right. So, you know, my background is I was originally in public markets and it kind of started off pretty young. So, I was doing that for a number of years.
Aditya: That eventually evolved into doing it on behalf of certain family, you know, family offices. So, we were doing long-short equities, derivatives, that kind of thing. I had a good enough outcome there, did my masters, and, you know, while I was doing that I came across a number of interesting folks who talked about this emerging opportunity within private markets, specifically tech companies.
Aditya: So, it was their foresight that I kind of thought that there’s something in it really and decided to take the plunge and, you know, it was just on the back of COVID that, you know, we decided to start up Silvermile Capital as a firm focused on cross-border transactions. So that’s what got me into it.
Aditya: You know, things kept happening—people we met, different kinds of folks—and eventually landed up some interesting transactions mostly in the software and the tech-enabled platform side, and that gave us enough conviction that there’s a lot of, I guess, you know, depth in this market for us to carve a niche and that’s where we are, you know, that’s our origin story here.
Dan: Very cool. Very cool. Thank you for sharing that.
Dan: So my audience knows this because I talk a lot about private markets. We’ve been doing a lot of content on private markets recently. So, it’s well timed that we have you on the show and I too have a background in public markets and while we sort of diversify with our clients and do a little bit of everything, we’ve been very, very keen on private markets as of late.
Dan: So, you’ve mentioned cross-border transactions. I want you to educate us a little bit on what that means and what’s the value there.
Aditya: Absolutely. Okay. So look, I mean cross-border transactions in itself are a harder nut to crack and, you know, logically speaking it’s because due diligence, the ability to educate the counterparties and all of that. It’s just—the bar is a bit higher.
Aditya: But it all makes sense because your optionality and your, you know, ability to drive better economics as well as in many cases better partners kind of increases. This is very true for companies that trade globally, transact globally and have avenues to, you know, access global markets.
Aditya: The way we kind of go about this is, you know, we have this wide rolodex of capital partners which is described as being some of the top allocators to alternatives. So what we do is, you know, when there’s a deal to happen in terms of, you know, any asset class or let’s just say any category that they’re interested in and they’re looking at some of the best companies or category-defining companies, then we go out there, leverage our, you know, deep access and proprietary deal flow networks to find them relevant stuff and help them underwrite those companies, you know, find the best way in and then kind of work, monitor, and grow those, you know, opportunities into outlier events.
Aditya: That’s the ambition, that’s the way we kind of go about these.
Aditya: Most of our stuff typically happens within three broad markets. So that’s obviously North America, which is our core market for capital partners, alongside, you know, Europe, and most of the companies I work with also happen to be in Asia along with our sovereign partners.
Aditya: So it’s a great combination we’ve managed to ramp up over the years in terms of transacting across the pond in Europe, North America as well as in Asia.
Dan: Yeah, that makes a lot of sense. I could see where your expertise and value lays there.
Dan: What are some of the biggest challenges that you see, Aditya, when it comes to cross-border transactions?
Aditya: I think the first thing would be just the understanding of the law of the land and the regulatory regime. So that’s number one. How do you navigate those? The world’s changing faster than it was, you know, ever before. So that is one of the main things.
Aditya: The second thing is, you know, you have a whole host of due diligence. It just gets a little more complex and elongated when you’re doing it more on a cross-border side. So that’s second.
Aditya: As fast-paced a market as technology is and, you know, just the level of competition that you see in these markets, you have to be, you know, constantly at it in terms of how much you understand businesses, business models, the changing competitive environment and that kind of thing. So it needs a lot more effort, but I think all of that is worth it in the end in terms of the outcome and the opportunities that you can access and harness.
Aditya: So I think those are the most challenging parts of our work as well as the most exciting parts of our work. And as you can imagine, you know, because you need to keep track of different jurisdictions and deal activity and momentum and stuff like that, you know, the onus is on us to be constantly on our feet in terms of, you know, making sure that we’re well informed, you know, we’re data-driven and we’re keeping our network up to date and it’s working for us as well as for who we kind of transact and work with.
Dan: Yeah. So, I know your space relatively well and I know there’s a lot of moving parts when it comes to deals like this.
Dan: Tell us a little bit about what you do, what you look for in deals, how you source them, and then talk a little bit about like the communication workflows that you have, because there are a lot of different parties involved obviously, right?
Aditya: So I think, you know, our sourcing is predominantly twofold. We either rely on closed warm intros which can come from a subset of existing backers. Those could be individuals, institutions, sometimes even families. So that’s the important part.
Aditya: The second would be, you know, any kind of events, conferences, as well as outreach campaigns that we might do based on our judgment and analysis. So that’s typically how top of the funnel works for us.
Aditya: In terms of communication, again, you know, it’s a combination of in-person meetings, you know, events, as well as some of these modern communication tools for, you know, engaging with different sets of people.
Aditya: I think what we’re very interested in is just looking at the why—you know, why someone started it out. Is there a personal pain? Is there something they’ve identified which acts as a big gap in the market, etc., as well as, you know, is there any unfair advantage—maybe not now, maybe in the future—which those guys might have which will, you know, because in any case there’s things that fall apart, there’s things that don’t go your way. So what will keep you ticking in those times when there’s uncertainty? So what gives, you know, power to your resilience?
Aditya: And I think I also look at, you know, has there been any event in your life which just makes you tap into that, you know, extra potential that every human has. So that’s something that I—that’s why I kind of look at your personal story as well very closely, someone who’s kind of starting it out, you know, doing this.
Aditya: So those are important things that I kind of look for, you know. In many cases there have been companies whose decks haven’t been perfect, whose metrics haven’t been perfect, but it’s just, you know, something about them in terms of how they articulate or, you know, their ambition and passion that kind of speak for itself which makes us say, okay, there’s something in it, that’s something that the market and the public will see eventually, and I think that’s something we should go after.
Aditya: So we do, you know, have a lot of those instances where we believe that there’s, you know, someone who’s identified a trend ahead of time or there’s, you know, a certain way a market could potentially evolve and how do we bring those ideas and opportunities to our, you know, captive institutional client base.
Aditya: So those are some of the reasons why, you know, people stick with us and look at us for bringing them some interesting innovative ideas that can fetch, you know, some interesting outcomes.
Dan: Yeah, that’s very cool.
Dan: Well, I love what you said there about sort of digging even beyond the metrics and beyond the pitch deck to sort of understand the founder, the team, the why. And then, you know, what I heard you say was, you know, evaluating their resiliency factor, right? If you almost had like a resiliency metric that you could evaluate, because any of us that have been entrepreneurs know that that is absolutely critical and, you know, sort of your life story helps to frame that and is a pretty good indicator in my experience of, you know, how you will perform across ups and downs which, you know, if you are an entrepreneur for long enough you will certainly have many of both.
Dan: So I thought that was really, really insightful and I appreciate you sharing that.
Dan: Aditya, tell us a little bit about where you see your industry going. Obviously, there’s so much that’s happening right now relative to technology and AI and you’re investing in a lot of that, but tell us a little bit about your industry and how you see it evolving over the next 5 to 10 years.
Aditya: I think technology is taking over a lot of the things that we used to do. So, timelines are getting cut. I think output is more or less, you know, getting ramped up.
Aditya: We’re also seeing different ways of making a deal happen by way of, you know, interesting ways of positioning or finding counterparties to work with as well as just, you know, resolving any queries that eventually turn up in the diligence phase.
Aditya: So there’s different interventions that technology, you know, finds its applications across the deal lifecycle which I think for most parts is just, you know, making it more efficient and making it more worthwhile for folks like us to, you know, focus on getting the job done, which is interesting.
Aditya: I think the onus is still on the human side to make sure that technology is giving what you need and how you want it to work as well as any evolution loops and feedback cycles that it goes through has to again pass through to a human, you know, kind of monitoring it. So it’s still a hybrid world that we see with growing applications and we’ll continue to use different technologies as they get developed or as they kind of make themselves available to us for our, you know, deal making while still focusing on the fundamentals.
Aditya: You know, because we will not rely on origination for, you know, technology to do anything of that. We will still focus on our warm networks and, you know, the hard work we’ve put in to build those channels out but maybe, you know, steps that follow—whether it’s analysis or benchmarking and some of those stuff—that’s where technology will help us.
Dan: Love it. Yep. Makes a lot of sense. Makes a lot of sense.
Dan: All right. So we’re going to switch gears now. We’re going to focus a little bit on you and let the audience get to know you. So this is always a really fun part of the podcast. I call it the lightning round.
Dan: I never tell guests about it ahead of time because we want it to be super organic and natural. I’m going to give you some questions and then all I ask is that you give us the first thought that comes to your mind. It could be a one-word answer. It could be, you know, a deeper explanation on it. You ready?
Aditya: Sounds good.
Dan: All right, let’s do it. Coffee or tea?
Aditya: Coffee.
Dan: Cats or dogs?
Aditya: Dogs.
Dan: What’s one tool or piece of technology—so it could be hardware or software—other than your computer or your phone that you can’t live without?
Aditya: Can I say my car?
Dan: Yeah, sure. We can. Let me guess. You’re a Tesla driver.
Aditya: Yes.
Dan: All right, we got it.
Dan: Do you have a favorite quote or phrase about money or success?
Aditya: I think it would have to be on compounding—the power of compounding.
Dan: Yeah, compounding interest. Albert Einstein said it long ago. The eighth wonder of the world, right?
Aditya: Mhm.
Dan: Love it. All right.
Dan: Do you have a favorite book on finance or business?
Aditya: Yeah. There’s one actually, Reminiscences of a Stock Operator, which is pretty good, you know, about a guy who kind of used instinct to, you know, trade stocks and stuff like that. That was interesting.
Dan: Very cool. I like it. I like it. I’ll have to check that one out.
Dan: Do you have a personal hack that you could share with us?
Aditya: Ability to, you know, get into, I guess, deep hard work mode by watching Rocky Balboa movies.
Dan: Now you’re speaking my language. All right. So, we’re going to watch Rocky to get into deep hard work mode. I like that. I like that.
Dan: Usually makes me want to like go run through a wall or work out, but I like that. That’s a good one. Really good. I haven’t heard that one before. That’s good. It’s good.
Dan: What’s one bucket list item that you’ve already accomplished?
Aditya: You know, stepping into 40 countries in the last three years.
Dan: Forty countries in three years. All right. Very cool. Anyone stick out for you?
Aditya: I would say Scotland.
Dan: Scotland. That’s on my list, actually. Very cool. That’s on my list.
Dan: What’s one business or financial milestone that you’re working towards?
Aditya: A certain echelon in terms of monthly, you know, net profits for our firm.
Dan: Very cool. Very cool.
Dan: And lastly, if you could give one piece of advice to your younger self, what would it be?
Aditya: I would say focus a lot on the people who you spend time with and how you add value to them and gain value from them. That’s the most important thing.
Dan: Yeah, I love that. We’re always trying to add and gain value from people around us and put more people around us that can add value and we can add value to. That’s well said.
Dan: All right. And Aditya, if our listeners want to connect with you, collaborate with you, potentially work with you, how and what’s the best way to reach out to you?
Aditya: I’m very active on LinkedIn and email. So, you know, you can find me on LinkedIn as well as my email, which is at silvermile.uk.
Dan: Very cool. Very cool. We’ll put that in the show notes. That’s great.
Dan: Well, listen Aditya, thanks for coming on. I really enjoyed the discussion. Thanks for your insights today and that’s it for another episode.
Dan: As always, keep your strategy sharp, your goals clear, and your money working as hard as you do. Cheers.
Aditya: Thanks, Dan. Take care.
Resources & Citations
- Overview of cross-border M&A. Educational materials explaining how cross-border mergers and acquisitions work, including regulatory, legal, and tax considerations.
- Guide to private markets and growth equity. Introductory resources on venture capital, growth equity, and middle-market transactions in tech.
- Global capital flows into technology. Research reports on how institutional capital (sovereigns, pensions, etc.) allocates to fintech, software, and AI.
- Founder resilience and venture outcomes. Articles and books on how founder psychology and resilience affect company performance and fundraising.
- AI in investment banking and deal-making. Analyses of how AI tools are being used in deal sourcing, due diligence, and financial modeling.
FAQs
What exactly is “cross-border capital” in this context?
Cross-border capital refers to money that’s invested across national boundaries—such as a European or Asian investor funding a North American fintech company, or a U.S. growth equity fund backing an Asian software platform. In this episode, Dan and Aditya focus on how that cross-border capital flows into private tech companies via growth equity, venture capital, and M&A transactions.
Why would a founder pursue cross-border investors instead of just local ones?
For globally relevant companies—especially in fintech, software, and AI—cross-border investors can bring more than just money. They may offer better valuations, access to new markets, regulatory know-how, strategic partnerships, or follow-on capital at scale. The tradeoff is more complexity in legal, tax, and diligence processes.
What makes cross-border deals more complex?
Cross-border deals require navigating multiple legal and regulatory regimes, different expectations around governance and disclosure, and often more intensive due diligence. Cultural differences, time zones, and varying risk tolerances also play a role. This makes timelines longer and execution risk higher—but the potential upside can justify the effort.
How does Silvermile Capital typically get involved in a transaction?
Silvermile works with both founders and institutional investors. On one side, they help ambitious tech companies access global capital and strategic partners. On the other, they help sovereigns, pensions, and other allocators identify, underwrite, and invest in category-defining companies. They operate primarily in deal sizes between $20M and $200M.
What does Aditya look for in a founder beyond the numbers?
He focuses heavily on a founder’s “why,” personal story, and demonstrated resilience. Has the founder identified a real market gap or pain point? Do they have an unfair advantage—through experience, insight, or network? How have they handled adversity? These factors can outweigh a less-than-perfect deck or early-stage metrics.
Is AI going to replace human deal-makers?
According to Aditya, AI and other technologies are transforming many deal tasks—like benchmarking, analysis, and managing information—but not the core human elements. Origination, relationship-building, judgment, and negotiation remain human-driven. The future is a hybrid model where technology augments, rather than replaces, experienced professionals.
Disclaimer
This episode and page are for educational and informational purposes only and do not constitute financial, legal, tax, or investment advice. Examples of deals, strategies, and capital flows are illustrative and may not be appropriate for your specific situation. Cross-border investments involve unique risks, including currency risk, political risk, regulatory risk, and execution risk. Always consult your own qualified financial advisor, legal counsel, and tax professional before making decisions related to private markets, cross-border transactions, or any investment strategy.
Related Internal Links
- Making Sense of Your Money – Content Hub
- Tailored Wealth – Work with Dan and the Team
- Making Sense of Your Money – Podcast Archive
- Guides on Private Markets & Alternative Investing
Next Steps
If you’re a founder building a globally relevant fintech, software, or AI company—or an investor considering expanding your universe beyond domestic borders—now is the time to think strategically about cross-border capital. Consider where your product, customers, and competitive set are truly located, and whether your current investor base reflects that reality.
When you’re ready to explore how global capital, private markets, and thoughtful planning can support your version of a rich life, dive into more episodes and resources at Making Sense of Your Money, or learn how Tailored Wealth partners with equity-rich professionals and leaders at yourtailoredwealth.com.