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Sterling Partners

North America, Illinois, United States, Chicago

Description

Sterling Partners is a well-established private equity firm with a history spanning over four decades, having been founded in 1983. Based in Chicago, the firm specializes in making control equity investments in middle-market companies across a select group of industries. Their core focus areas include education, healthcare, business services, and technology-enabled services, where they leverage deep sector expertise to identify and support growth-oriented businesses.

The firm's investment strategy centers on partnering with strong management teams to drive operational improvements and strategic growth initiatives. Sterling Partners is known for its hands-on approach, providing not just capital but also strategic guidance and operational support to help portfolio companies achieve their full potential. They typically seek out companies with enterprise values ranging from $100 million to $500 million, looking for opportunities to create significant value through organic growth, add-on acquisitions, and operational efficiencies.

Sterling Partners has successfully raised substantial capital over its history, with reports indicating over $6 billion in capital raised across various funds. This significant capital base allows them to make meaningful equity investments, typically ranging from $50 million to $200 million per transaction. Their long-term perspective and commitment to building sustainable businesses have contributed to their reputation for generating strong returns for their investors.

Investor Profile

Sterling Partners has backed more than 38 startups, with 1 new investments in the last 12 months alone. The firm has led 23 rounds, about 61% of its total and boasts 14 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Private Equity, Series Unknown, Series A rounds (top funding stages).
  • Majority of deals are located in United States, Germany.
  • Strong thematic focus on Software, Information Technology, Education.
  • Typical check size: $50M – $200M.

Stage Focus

  • Private Equity (29%)
  • Series Unknown (26%)
  • Series A (16%)
  • Series B (13%)
  • Seed (8%)
  • Series C (5%)
  • Angel (3%)

Country Focus

  • United States (97%)
  • Germany (3%)

Industry Focus

  • Software
  • Information Technology
  • Education
  • Health Care
  • Analytics
  • Medical
  • Enterprise Software
  • Marketing
  • Payments
  • Information Services
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Sterling Partners frequently co-invest with?

Baird Capital
North America, Wisconsin, United States, Milwaukee
Co-Investments: 1
Actua Corporation
North America, Pennsylvania, United States, Radnor
Co-Investments: 2
TTV Capital
North America, Georgia, United States, Atlanta
Co-Investments: 1
Imlay Investments
North America, Georgia, United States, Atlanta
Co-Investments: 1
Alliant Energy
North America, Wisconsin, United States, Madison
Co-Investments: 1
RV
North America, Colorado, United States, Boulder
Co-Investments: 1
North Hill Ventures
North America, Massachusetts, United States, Boston
Co-Investments: 1
LE
North America, Georgia, United States, Alpharetta
Co-Investments: 1
Sapphire Ventures
North America, Texas, United States, Austin
Co-Investments: 2
Apex Venture Partners
North America, Illinois, United States, Chicago
Co-Investments: 3

Which angels does Sterling Partners often collaborate with?

Shared Deals: 1
JS
North America, Illinois, United States, Chicago
Shared Deals: 1
GF
North America, United States
Shared Deals: 1
CW
North America, New York, United States, New York
Shared Deals: 1
GB
North America, California, United States, San Francisco
Shared Deals: 1
HT
North America, Illinois, United States, Chicago
Shared Deals: 1
DH
Europe, England, United Kingdom, London
Shared Deals: 1
MS
North America, California, United States, Palo Alto
Shared Deals: 1
BM
North America, Ohio, United States, Cleveland
Shared Deals: 1
Shared Deals: 1

What are some of recent deals done by Sterling Partners?

Mellomanic

Los Angeles, California, United States

Mellomanic is a music community platform to transform the relationship between artists and fans.

AudioMobile AppsMusic
Series UnknownOct 1, 2024
Amount Raised: $6,000,000
Stella

Chicago, Illinois, United States

Stella relieves symptoms of PTSD with the stellate ganglion block (SGB), a widely studied and highly effective procedure.

Health CareMedicalWellness
Series UnknownMay 9, 2023
Amount Raised: $7,000,000
Champ

Cleveland, Ohio, United States

SaaS solutions to create, manage and transfer digital vehicle titles for insurance carriers, lenders, state govt, vehicle retailers and OEMs

SaaSSoftware
Series BSep 22, 2022
Amount Raised: $12,900,000
Aliro

Bryn Mawr, Pennsylvania, United States

Aliro is an IT consultancy that focuses on staffing, referral technology, HR technology, hiring technology and staffing technology.

ConsultingRecruitingStaffing Agency
Series AMay 12, 2022
Lecturio

Leipzig, Sachsen, Germany

Lecturio is an Next Generation Learning Platform for Medicine.

E-LearningEdTechEducation
Private EquityDec 15, 2021
Amount Raised: $45,000,000
Cerebro Capital

Baltimore, Maryland, United States

Cerebro Capital is an online platform to source and manage corporate credit facilities.

FinanceFinancial ServicesFinTech
SeedApr 17, 2020
Amount Raised: $5,268,000
Reading Plus

Winooski, Vermont, United States

Reading Plus is an education company specializing in silent reading intervention services.

Education
Private EquityMay 13, 2019
Big Blue Marble Academy

Gilbert, South Carolina, United States

Big Blue Marble Academy is an operator of 28 early-education schools in five states.

Education
Private EquityNov 28, 2018
Fancy Sprinkles

Burbank, California, United States

Fancy Sprinkles is a woman-owned, women-run company.

Customer ServiceE-CommerceFood and Beverage
Series ASep 26, 2018
Traffic Solutions Corporation

Irvine, California, United States

Traffic Solutions Corporation is one of largest providers of traffic control products and services.

Product Search
Private EquityMay 18, 2018