Private Equity Firms in California
22 mid-market firms headquartered in California. Sector focus, check size, and investment criteria for each, drawn from the firms' own published materials.
- Banneker Partners
A San Francisco firm focused entirely on vertical application software, managing around $2B.
- Bertram Capital
A Bay Area firm with an unusual in-house engineering group, Bertram Labs, that builds technology directly into its portfolio companies.
- Diversis Capital
A Los Angeles software specialist comfortable with imperfect P&Ls: EBITDA from negative to $10M, revenue $10M to $50M, checks $10M to $100M.
- Encore Consumer Capital
A San Francisco consumer specialist investing $5M to $50M in food, beverage, personal care, and pet businesses with $10M to $150M of revenue.
- Gallant Capital Partners
A Los Angeles firm founded by Gores Group alumni, taking control positions in technology, industrials, and business services companies up to $40M EBITDA.
- Gryphon Investors
A San Francisco firm with $9B+ AUM investing $50M to $500M across consumer, business services, healthcare, industrial growth, and software.
- K1 Investment Management
A Manhattan Beach firm investing $15M to $250M in small-cap enterprise software, with a target fund of $6.25B and a large in-house operations team, K1 Operations, that standardizes the playbook across the portfolio..
- L Squared Capital Partners
A Newport Beach firm investing $50M to $250M in industrial technology, education technology, and tech-enabled services companies with $5M to $50M of EBITDA.
- Luminate Capital Partners
A San Francisco firm buying control of mid-market enterprise software companies with $10M to $50M of recurring revenue, writing $30M to $60M checks.
- Marlin Equity Partners
A Los Angeles firm with $2.5B in recent commitments across a flagship and a dedicated lower-mid-market Heritage fund.
- Monogram Capital Partners
A Los Angeles consumer and retail specialist investing up to $50M+ in category-leading brands with $5M to $250M of revenue.
- NMS Capital
A Beverly Hills firm (not to be confused with New York's New MainStream Capital) taking control of business services and healthcare services companies with $5M to $25M of EBITDA, investing $25M to $75M per deal..
- PCG Investors
A Los Gatos firm investing $5M to $50M in consumer health, wellness, and healthy-living businesses with roughly $10M to $100M of revenue.
- Riverwood Capital
A Menlo Park firm investing $25M to $250M+ in technology companies with $10M to $100M of ARR, global in reach with deep Latin America roots.
- Sumeru Equity Partners
A San Mateo firm investing $50M to $250M in software, data, and enterprise technology companies.
- Sunstone Partners
A San Mateo growth firm with a $925M third fund making majority investments of $50M to $200M in tech-enabled services and software companies with $20M+ revenue.
- Swander Pace Capital
A San Francisco consumer specialist that has bought food, wellness, and home products companies for three decades across seven funds.
- Tregaron Capital
A Palo Alto firm investing $3M to $10M of equity and mezzanine in California-and-westward services, distribution, and mature software businesses.
- TVC Capital
A San Diego growth firm investing $8M to $25M in software and software-enabled services companies with $3M to $20M of ARR.
- Vance Street Capital
A Los Angeles firm with a $775M fourth fund buying medtech, industrial technology, and aerospace and defense manufacturers with $3M to $30M of EBITDA.
- Varsity Healthcare Partners
A Los Angeles healthcare services firm with a $700M fourth fund, building physician practice management and provider services platforms in the lower middle market.
- VMG Partners
A San Francisco consumer growth firm that backed Justin's, KIND, and Quest at early institutional stages.