Kern Whelan Capital, founded in 2007 by J.P. Whelan and Jay Kern, focuses on backing strong management teams and companies with the potential for operating profit margins of 15% or higher. They prefer companies with a history of internal growth and good prospects for future growth. While they typically serve as active board members, they do not involve themselves in daily operations. With a long-term approach to liquidity, they are open to various exit strategies, such as M&A, IPO, recapitalization, or dividends. Kern Whelan Capital has made 17 investments, has 5 companies in its portfolio, and has had 9 successful exits. Notable investments include InvestCloud, UserTesting, and Shopatron.