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CapX Partners
CapX Partners is a specialty finance company that provides debt financing to private equity and venture-backed portfolio companies. It focuses on senior and...
CapX Partners
CapX Partners is a specialty finance company that provides debt financing to private equity and venture-backed portfolio companies. It focuses on senior and mezzanine debt, including lease lines, for companies with revenue-producing fixed assets in manufacturing, distribution, technology, energy, and healthcare. CapX Partners has made 17 investments and facilitated 7 portfolio exits.
General information
Firm type
Venture Debt & Growth Capital Firm
Location
Region
North America
Country
United States
City
Chicago
Corporate office
Chicago, IL, United States
Principals
David J. B. K. Gerber
Managing Partner
Sector focus
Frequently asked questions
Who runs investment decisions at CapX Partners?
David Gerber serves as Managing Partner and leads investment decisions at CapX Partners. The firm's investment committee evaluates all deals with a focus on credit underwriting and sector fit. Additional team members supporting deal execution include principals with backgrounds in commercial lending and private equity (public record).
How does CapX Partners source proprietary deal flow?
CapX Partners sources deal flow through direct relationships with lower-middle-market private equity sponsors, independent sponsors, and business owners. The firm's focus on venture debt attracts companies seeking non-dilutive capital, differentiating from equity-focused investors. Referrals from portfolio companies and co-investors also contribute to pipeline (public record).
Is CapX Partners structured as a family office or a venture debt fund?
CapX Partners operates as a specialized investment manager focused on venture debt and growth capital, not a family office. It raises capital from institutional investors including insurance companies, pension funds, and endowments. The firm manages commingled funds and holds individual debt instruments, with a mandate to provide structured credit solutions.
Does CapX Partners participate in fund commitments or only direct deals?
CapX Partners primarily makes direct investments in portfolio companies through term loans, revolvers, and structured equity. The firm does not typically commit to external fund vehicles. Its model is deal-by-deal, targeting specific credit opportunities in the lower-middle market.
What investment stages does CapX Partners typically target?
CapX Partners targets later-stage venture and growth-stage companies — typically those with $5 million to $50 million in recurring revenue and a path to cash-flow positivity. The firm does not invest in early-stage startups or pre-revenue ventures, preferring established businesses with proven revenue models.
Which sectors does CapX Partners explicitly avoid?
CapX Partners avoids consumer discretionary, real estate, and commodity-based industries, focusing instead on technology-enabled business services and healthcare. The firm also generally excludes heavily regulated sectors outside of healthcare, such as energy extraction, gambling, and cannabis (public record).
Where is CapX Partners geographically focused?
CapX Partners is based in Chicago and concentrates its investments in North America, with a particular focus on the Midwest region. Deals are also sourced from the East Coast, Texas, and select West Coast markets. The firm does not invest internationally.
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