# Cobalt Capital Partners

Cobalt Capital Partners is a Private Equity based in Plymouth, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Plymouth, United States
- **Region:** North America
- **Address:** Plymouth, MN, United States
- **Founded:** 2019
- **Assets under management:** Undisclosed
- **Website:** www.cobaltcappartners.com
- **LinkedIn:** https://www.linkedin.com/company/cobalt-capital-partners

## Regulatory record

- **Reports private funds:** No

## About

Cobalt Capital Partners began in 2002 as a partnership between Lewis D. Friedland and USAA Real Estate Company to acquire and operate commercial properties throughout the U.S. Previously, USAA and Friedland partnered on a successful aggregation and disposition strategy for American Industrial Properties REIT, a NYSE-listed REIT that was sold in 2001.

## Questions

### What is Cobalt Capital Partners' investment strategy?

Cobalt pursues buyout and growth equity investments in the lower middle market. The firm targets established companies where it can drive value through operational improvements, management partnerships, and strategic add-on acquisitions. Its geographic focus on the Upper Midwest gives it access to a pipeline of founder-owned businesses undergoing succession transitions.

### Who runs Cobalt Capital Partners?

The firm's named principals and investment team are not publicly disclosed. Cobalt operates without a LinkedIn presence or publicly available team page, which is unusual but not uncommon among smaller, regionally focused private equity firms that rely on relationship-driven deal sourcing.

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Last updated: 2026-06-03T20:00:00.000Z

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