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Petra Capital Partners, LLC is a private equity firm founded in 1996 and based in Nashville, Tennessee. The firm focuses on providing growth capital for lower middle market companies, particularly in the healthcare, business services, and technology-enabled services sectors. Petra Capital aims to support companies with revenues exceeding $10 million and EBITDA greater than $1 million, targeting enterprise values between $10 million and $75 million.
As of 2024, Petra Capital manages assets totaling $270 million, with a total investment history of $700 million across more than 100 portfolio companies. The firm is currently investing from its fifth fund, which closed in 2024. Petra Capital has established a reputation for its flexible investment approach, tailored to the unique needs of its portfolio companies, and has a history of generating significant employment through its investments.
Petra Capital Partners invests primarily in lower middle market companies across various stages of their lifecycle. The firm typically targets investments ranging from $10 million to $25 million, focusing on companies with enterprise values between $10 million and $75 million. Their investment strategies include mezzanine debt, preferred equity, and common equity, with a strong emphasis on healthcare and B2B services.
Specific themes of interest include consumer-driven healthcare, innovative care models, and technology enablement. Petra Capital seeks well-managed, growing companies that align with their investment thesis, which emphasizes sustainable high-growth potential. The firm’s focus on healthcare and technology-enabled services positions it to capitalize on emerging trends in these sectors, making it a key player in the growth equity space.
Petra Capital Partners has a diverse portfolio of notable companies, particularly in the healthcare and technology sectors. Key portfolio companies include:
These companies reflect Petra Capital's commitment to investing in sectors that drive innovation and improve operational efficiencies, particularly in healthcare.
Michael W. Blackburn - Managing Partner: Michael has extensive experience in private equity and has led numerous successful investments in the healthcare sector.
David Fitzgerald - Partner: David specializes in business services and technology-enabled services, bringing a wealth of knowledge to the firm.
Douglas B. Owen - Partner: Douglas has a strong background in operational management and has been instrumental in driving growth for portfolio companies.
Matt Sotelo - Partner: Matt focuses on investment strategy and has a keen eye for identifying high-potential opportunities.
Melanie L. Beavon - Senior Associate: Melanie supports deal sourcing and due diligence processes, contributing to the firm's investment decisions.
Corey J. Cialeo - Senior Associate: Corey has experience in financial analysis and assists in evaluating potential investments.
Sean K. Murphy - Senior Associate: Sean focuses on operational improvements within portfolio companies, enhancing their growth trajectories.
Carter S. Owen - Senior Associate: Carter supports the firm's investment strategies and portfolio management efforts.
Carson Talbott - Senior Associate: Carson is involved in market research and analysis, providing insights for investment decisions.
Connor Murphy - Senior Associate: Connor assists in financial modeling and valuation of potential investments.
Mari-Kate Hopper - Office Manager: Mari-Kate oversees administrative functions and supports the team in various capacities.
To pitch Petra Capital Partners, founders should use the contact email cso@petracapital.com or visit their website at petracapital.com. A comprehensive pitch deck is essential, including details on the business model, market analysis, and financial forecasts. The firm appreciates clarity and conciseness in presentations. Response times may vary, but founders should expect to hear back within a few weeks.
In 2024, Petra Capital Partners closed its fifth fund with $270 million of available capital, marking a significant milestone in the firm's investment journey. This fund will continue to support lower middle market companies, particularly in healthcare and technology-enabled services.
Petra Capital has invested a total of $700 million since its inception, demonstrating a strong commitment to the growth of its portfolio companies. The firm remains active in identifying new investment opportunities that align with its focus on sustainable growth and operational excellence.
What are Petra Capital Partners' investment criteria?
Petra Capital Partners focuses on lower middle market companies with revenues exceeding $10 million and EBITDA greater than $1 million. They typically invest in companies with enterprise values between $10 million and $75 million.
How can I apply or pitch to Petra Capital Partners?
Founders can pitch to Petra Capital by visiting their website at petracapital.com or by emailing their investment opportunities contact at cso@petracapital.com. A detailed pitch deck outlining the business model, market opportunity, and financial projections is recommended.
What makes Petra Capital Partners different from other private equity firms?
Petra Capital Partners emphasizes a flexible investment approach tailored to the unique needs of its portfolio companies. They focus on creating sustainable high-growth companies and have a strong commitment to fostering operational cultures that align with customer priorities.
What is the geographic scope of Petra Capital Partners' investments?
The firm primarily invests in North America, focusing on lower middle market companies across various sectors, with a strong emphasis on healthcare and technology-enabled services.
What is the typical check size for investments?
Petra Capital typically invests between $10 million and $25 million in each portfolio company, utilizing various investment structures including mezzanine debt, preferred equity, and common equity.
What kind of post-investment involvement does Petra Capital Partners have?
Petra Capital Partners actively engages with its portfolio companies to drive growth and innovation, leveraging its expertise in healthcare and technology-enabled services to enhance operational performance and align with customer needs.
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