Patriot Capital

Patriot Capital is a Baltimore, Maryland-based private equity firm specializing in providing junior capital, primarily in the form of subordinated debt and equity co-investments, to the lower middle market. The firm focuses on supporting a variety of transaction types, including acquisitions, management buyouts (MBOs), recapitalizations, and growth initiatives for established companies across the United States. Their approach emphasizes partnering with strong management teams to facilitate ownership transitions and provide capital for strategic growth.

Patriot Capital's investment strategy targets profitable companies with a proven track record, typically those generating between $3 million and $15 million in EBITDA. They offer flexible capital solutions designed to meet the unique needs of these businesses, often serving as a critical component in financing structures where traditional senior debt alone may not suffice. The firm's commitment extends beyond capital provision, aiming to be a value-added partner to its portfolio companies.

In terms of investment size, Patriot Capital typically deploys between $5 million and $20 million in each portfolio company, providing substantial capital injections for their target market. The firm has demonstrated a strong capability in fundraising, successfully raising multiple funds. For instance, Patriot Capital V, LP closed in 2022 with $300 million in commitments, following the successful close of Patriot Capital IV, LP in 2018, which secured $280 million in commitments. This consistent capital raising underscores their sustained focus and significant presence in the lower middle-market private equity landscape.