
Stonehenge Capital
Description
Stonehenge Capital, established in 1999, is a prominent national specialty finance company with a diverse investment mandate spanning private equity, tax credit finance, and structured finance. While headquartered in Baton Rouge, Louisiana, the firm maintains a significant presence with offices in key financial hubs, including Columbus, Ohio, as indicated by the user, and New York City. Their comprehensive approach allows them to provide flexible capital solutions across various industries and project types, distinguishing them from traditional early-stage venture capital firms.
In its private equity arm, Stonehenge Capital primarily targets lower middle-market companies, focusing on established businesses with strong growth potential. They typically seek out companies generating between $5 million and $50 million in revenue and $1 million to $10 million in EBITDA. For these growth-oriented equity investments, Stonehenge Capital's typical first cheque sizes range from $5 million to $20 million, providing substantial capital for expansion, acquisitions, or recapitalizations. This focus positions them as a key partner for mature businesses seeking significant capital injections.
Beyond private equity, Stonehenge Capital is a major player in the tax credit finance and structured finance sectors. They specialize in deploying capital into projects that leverage federal and state tax credits, such as New Markets Tax Credits (NMTC), Historic Tax Credits, and Renewable Energy Tax Credits. Since its inception, the firm has demonstrated considerable scale, having successfully raised over $1.3 billion in New Markets Tax Credit allocation alone. Their overall impact is substantial, with more than $12 billion in total capital deployed across their various platforms since 1999, underscoring their significant role in economic development and specialized financing across the United States.
Investor Profile
Stonehenge Capital has backed more than 39 startups, with 0 new investments in the last 12 months alone. The firm has led 4 rounds, about 10% of its total and boasts 14 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series A, Series B, Series Unknown rounds (top funding stages).
- Majority of deals are located in United States, India.
- Strong thematic focus on Software, Health Care, Manufacturing.
- Typical check size: $5M – $20M.
Stage Focus
- Series A (38%)
- Series B (26%)
- Series Unknown (23%)
- Undisclosed (3%)
- Series D (3%)
- Private Equity (3%)
- Series C (3%)
- Seed (3%)
Country Focus
- United States (97%)
- India (3%)
Industry Focus
- Software
- Health Care
- Manufacturing
- Information Technology
- Biotechnology
- Electronics
- Internet
- E-commerce
- Energy
- Security
Frequently Asked Questions
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