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DH Capital
DH Capital is a sector-specialist investment bank focused on Internet infrastructure M&A, having closed over 250 transactions since 2001.
DH Capital
DH Capital is a private investment banking partnership based in New York. It serves the media, Internet, and telecommunications industries. The firm assists clients with mergers & acquisitions, private equity placements, debt financings, and financial advisory engagements.
General information
Firm type
Asset Manager
Year founded
2001
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
John H. DallePezze
President & Chief Executive Officer
David H. Epstein
Chairman
Sector focus
Frequently asked questions
Who runs investment decisions and deal execution at DH Capital?
President and CEO John H. DallePezze leads deal execution alongside Chairman David H. Epstein. The two co-founded the firm in 2001 and remain the named principals on virtually all transactions, operating a lean senior-banker model rather than a large hierarchy.
How does DH Capital source proprietary deal flow?
The firm sources mandates through its long-standing relationships with founders and management teams in the data-center, hosting, and fiber sectors. DH Capital's concentrated focus on digital infrastructure means many sellers approach the firm directly because their competitors or portfolio companies have completed transactions with the bank (per public transaction records).
Is DH Capital structured as an investment bank or an investor?
DH Capital is a pure advisory investment bank. It does not invest its own capital, operate a fund, or take balance-sheet positions in client companies. The firm earns fees solely from M&A and private-placement advisory mandates.
Does DH Capital participate in fund commitments or only direct transactions?
DH Capital advises on direct company transactions, including sell-side M&A, buy-side acquisitions, and growth-capital raises. It does not sponsor funds or make LP commitments—its advisory work covers individual corporate events for private Internet-infrastructure businesses.
What investment sectors does DH Capital cover?
The firm covers the physical and operational layers of Internet infrastructure: data centers, colocation, managed hosting, cloud services, fiber networks, and related enterprise IT services. It does not advise on consumer Internet, media content, or general software businesses.
What is DH Capital's known posture on co-investing alongside clients?
DH Capital does not co-invest alongside clients. The firm maintains a strict advisory-only model, which eliminates potential conflicts between its own investment returns and its fiduciary duty to achieve the best outcome for the client in a sale or capital raise.
Does DH Capital have a philanthropic foundation or adjacent vehicles?
No foundation, investment fund, or operating affiliate is publicly associated with DH Capital. The firm operates as a standalone advisory partnership without disclosed subsidiaries or separate investment vehicles.
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