Private Equity Firms in Minnesota

2 mid-market firms headquartered in Minnesota. Sector focus, check size, and investment criteria for each, drawn from the firms' own published materials.

  • Spell Capital Partners Minneapolis · Manufacturing · Buyout

    A Minneapolis firm that has bought industrial manufacturing businesses since 1988, now investing from its fifth buyout fund with roughly $1B managed across strategies.

  • Tonka Bay Equity Partners Minnetonka · Business Services, Manufacturing, Distribution & Logistics · Buyout and growth

    A Minnetonka firm with a $200M fourth fund buying highly engineered manufacturing, distribution, and business services companies with $2M to $8M of EBITDA.

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