Following up on our list of Raleigh-Durham Venture Capital Firms & Angel Networks, below is a list of private equity firms in the region, serving later stage companies. I included a high-level summary of their investment criteria, as communicated on their websites.
Aiglon Capital Mgmt. -- mfg., dist., svs., $20-$250MM revs, $2-$20MM EBITDA.
Capitala Group -- diversified. $3-$10MM checks, under $4.5MM EBITDA, $1BN fund
Cherokee Fund -- brownfield real estate, $2BN managed + VC in env./energy
Davie Poplar Capital -- health, educ., med., svs., mfg., dist. Up to $20MM revs, $500K-$3MM EBITDA, recurring revs., capex light.
Eli Global -- fin., health, ins., mktg., other.
Fulcrum Equity Partners -- health svs. & tech, SaaS, tech-enabled services, $3-$20MM checks, $3-$50MM revs, $204MM fund. Chapel Hill office of Atlanta based firm.
Halifax Group -- biz svs., franchising, health, infrastructure. $5-$30MM EBITDA, $25-$75MM checks, $50-$250MM valuations.
Hargett Hunter -- hospitality, restaurants. $10-$30MM checks. $150MM fund, 5-50 stores.
Hawthorne Capital -- health, tech. $3-$20MM checks. $2-$100MM+ revenues.
Investors Management Corp. -- diversified, franchisable. $5-$25MM EBITDA.
Meriturn Partners -- diversified. $20-$300MM revs, control oriented.
Morgan Creek Capital -- health, energy, nat. resources.
Mosaic Capital Partners -- biz svs., chem., CPG, env., food/bev.., health, dist., mfg., log.. Over $10MM revs, reliable cash flow.
NovaQuest Capital Mgmt. -- life sciences, health. $1.6BN mgd, $20-$100MM revs, up to $500MM valuations.
Plexus Capital -- diversified. $950MM mgd., $12MM average check, middle market.
OTHER PRIVATE EQUITY FIRMS IN NORTH CAROLINA (INVESTING IN REGION)
Blue Point Capital Partners (Charlotte) -- eng., env., ind., metals, dist. $20-$300MM revs, over $5MM EBITDA.
Cadrillion Capital (Charlotte) -- info., health, agric., biz svs., fin., other. Over $1MM EBITDA.
Carlyle Group (Charlotte) -- aero., defense, govt., cons., energy, fin., health, ind., RE, tech, biz svs., telecom, media, transport. $53BN mgd., $130MM average check.
Carousel Capital (Charlotte) -- biz svs., cons. svs., health svs. Over $3MM EBITDA, up to $150MM valuation.
Coleville Capital (Charlotte) -- mfg., dist., biz svs., diversified, ind. $10-$100MM revs, $2-$6MM EBITDA.
Copeley Capital (Charlotte) -- health, svs., bldg., waste, ind., CPG. Over $2MM EBITDA.
Falfurrias Capital (Charlotte) -- cons., food/bev, biz svs., fin., mfg., ind., energy, health. $3-$25MM EBITDA.
Fidus Investment Corp. (Charlotte) -- diversified. $10-$150MM revs.
Five Points Capital (Winston-Salem) -- biz svs., ind., mfg., dist., health, educ., tech., mfg. Over $3MM EBITDA, $5-$25MM checks.
Global Endowment Mgmt. (Charlotte) -- manage money for foundations
Kian Capital (Charlotte) -- biz svs., dist., health, mfg. $5-$15MM checks, $15-$150MM revs, $2-$15MM EBITDA.
Pamlico Capital (Charlotte) -- biz svs., comm., health, tech. $15-$200MM revs, $20-$100MM checks.
Ridgemont Equity Partners (Charlotte) -- ind., svs., health, energy, telecom, media, tech. $25-$100MM checks, $5-$30MM EBITDA.
Salem Investment Partners (Charlotte) -- biz svs., mfg., CPG, dist., recurring revs. $1MM+ EBITDA, $10MM+ Revs, $2-$10MM checks.
Summit Park (Charlotte) -- biz svs, cons. svs., mfg., dist. $150MM fund. $20-$100MM revs, $4-$12MM EBITDA.
Tidewater Equity Partners (Wilmington) -- mfg., svs., tech, fin., energy, retail, health. $10-$30MM revs, $1-$3MM EBITDA.
Be sure to dig deeper on their websites to make sure they invest in your specific industry, revenue stage, geography and desired minority/majority deal structure before reaching out to these investors. Red Rocket can help make introductions to many of these investors, so please leverage our relationships here.
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