Patient Capital. Operator Mindset.
We invest for durable value—backing cash‑generative businesses, real assets, and teams with skin in the game.
What We Back
Manufacturing
Modernization, automation, and margin expansion across niche industrials.
Distribution
Value‑added distributors with technical sales, last‑mile advantage, and defensible moats.
Privately Held Companies
Control or significant minority stakes with governance and growth support.
Real Estate
Cash‑flowing assets and development with disciplined, downside‑aware underwriting.
Investment Criteria
- EBITDA: $2–30M; Enterprise Value: $20–250M (flexible for special situations)
- North America focus; New York headquarters
- Long‑term horizon with patient hold periods
- Structures: Majority buyout, minority growth, JV, carve‑outs, GP stakes, and real assets
Our Principles
Partnership
Alignment‑first structures, management rollover, and incentive plans that reward outcomes.
Value Creation
Pricing power, unit‑economics discipline, digital enablement, and platform add‑on M&A.
Risk Discipline
Downside modeling, covenant awareness, conservative leverage, and liquidity planning.