Over the past thirty years, Paul has developed significant experience in a wide range of private equity investing from venture capital to leveraged buyouts and recapitalizations. Before forming PS Capital, Paul was one of three partners at Horizon Partners, Ltd, a middle-market buyout firm, where he was involved in all aspects of its operation including investment decisions and portfolio management. Prior to joining Horizon in 1990, he was vice president in the venture capital subsidiary of Republic Bank, which was acquired by NationsBank (now Bank of America). His primary focus at Republic was the development and management of a diversified venture capital investment portfolio.