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Combs Capital Partners
Earl Combs established Combs Capital Partners in 2005 following a career in private equity and real estate.
Combs Capital Partners
Earl Combs established Combs Capital Partners in 2005 following a career in private equity and real estate. The wealth originated from Combs' prior investment returns, though the firm has not disclosed the specific family connected to the capital. The firm operates across three primary asset classes: real estate (value-add and opportunistic), private equity (control and minority stakes in middle-market companies), and private credit (senior secured and mezzanine debt). Combs Capital Partners typically targets investments in the $10M–$50M range, doing both direct deals and co-investments alongside select general partners. Geographically, the portfolio is concentrated in the southeastern US, with select exposures in the mid-Atlantic and Texas. Documented portfolio companies include a multifamily development in Miami-Dade County, a healthcare services roll-up in the Southeast, and a specialty manufacturing firm in Texas. Combs Capital Partners operates with a lean team; headcount is not publicly disclosed. The firm has no satellite offices, though it maintains relationships with legal and advisory firms in New York and Dallas. A recent operational development: in Q4 2024, Combs Capital Partners closed a $35M structured equity deal to recapitalize a Florida-based industrial services company, per public securities filings (Q4 2024). The firm's structural differentiator is its sourcing model — Combs Capital Partners does not employ placement agents or investment banks. Instead, it relies on a network of former partners and portfolio company executives for proprietary deal flow. This approach allows the firm to move quickly and avoid auction processes, but limits the number of opportunities evaluated annually.
General information
Firm type
Single Family Office
Year founded
2005
AUM
$500M - $1B (Altss estimate)
Location
Region
North America
Country
United States
City
Miami
Corporate office
Miami, FL, United States
Principals
Earl Combs
Founder & Managing Principal
Sector focus
Frequently asked questions
Who runs investment decisions at Combs Capital Partners?
Earl Combs serves as Founder and Managing Principal, making all final investment decisions. The firm has a small team, but Combs is the sole named principal publicly.
How does Combs Capital Partners source proprietary deal flow?
The firm sources deals through a network of former partners and portfolio company executives, avoiding placement agents and investment banks. This model allows the firm to evaluate off-market opportunities but limits the deal flow volume.
Is Combs Capital Partners structured as a single family office or does it operate more like a venture firm?
Combs Capital Partners is structured as a single-family office. It invests the capital of a single family (not publicly named) and does not manage outside LP capital. It does not operate as a venture firm, though it makes private equity and credit investments.
Does Combs Capital Partners participate in fund commitments or only direct deals?
The firm primarily does direct investments and co-investments alongside select GPs. It does not typically commit to blind-pool funds, though it will consider co-investment opportunities presented by long-standing GP relationships.
What investment stages does Combs Capital Partners typically target?
The firm targets middle-market opportunities — typically companies with $20M–$200M in revenue. In real estate, it focuses on value-add and opportunistic deals. In credit, it targets senior secured and mezzanine tranches in the $10M–$50M range.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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