# Elan Growth Partners

Elan Growth Partners is a Private Equity based in San Juan Capistrano, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** San Juan Capistrano, United States
- **Region:** North America
- **Address:** 29222 Rancho Viejo Road, Suite 122B, San Juan Capistrano, CA 92675, United States
- **Assets under management:** Undisclosed
- **Website:** www.elangrowth.com
- **LinkedIn:** https://www.linkedin.com/company/elangrowth

## Regulatory record

- **Reports private funds:** No

## About

Founder and Managing Partner Craig Dupper formed Elan Growth Partners after a 16-year run as one of two partners at Solis Capital Partners, a lower-middle-market firm that deployed more than $122 million through two committed funds, co-investments, and standalone deals. Dupper, a former Goldman Sachs investment banker who managed over $8.5 billion in financings, now works alongside Partner Max Young — a CPA and ex-corporate development lead at The Ensign Group who underwrote more than $350 million in healthcare acquisitions — to source control-oriented equity investments in profitable niche manufacturing, software, and specialty food companies across the Western United States. The firm writes equity checks of $5 million to $25 million into businesses generating $1 million to $7 million of EBITDA. Elan's portfolio confirms the industrial and tech tilt: Custom Power designs battery systems for military drones and medical ventilators, Simply NUC builds custom-configured mini PCs for edge computing and IoT deployments, and ICOM North America manufactures liquid-injection propane and natural gas vehicle conversion systems. A food vertical runs through Specialty Pet Food & Treats and the firm's network of operating partners, including Thad Benshoof, who co-founded grass-fed beef brand Homegrown Meats. The firm exited two software assets: Resolve Systems, an IT security automation platform sold to Insight Venture Partners in May 2017, and Miro Technologies, an MRO software company sold to The Boeing Company in October 2012. Elan lists two investment professionals on its website — Dupper and Young — supported by a bench of five operating partners and advisors who bring domain expertise in food manufacturing, semiconductor supply chains, aviation services, and franchised operations. The firm maintains offices in San Juan Capistrano, California, and Park City, Utah. Dupper is a member of YPO Park City and a former Chapter Chair of YPO San Diego. Elan's architecture fuses the sourcing discipline of a committed-fund GP with the patient-holding-period posture more commonly seen in family-backed investment offices. The firm does not publicly disclose a fund structure, and its website emphasizes partnership alignment, operating-partner deployment, and technology integration as the core value-creation levers. Dupper's long tenure executing the same strategy at Solis Capital — where he was one of only two partners — means the Elan playbook was battle-tested before the firm's brand existed.

## Sectors

- Industrial Tech
- Enterprise Software
- Food & Beverage

## Offices

- Park City, UT, United States

## People

- Craig Dupper — Founder and Managing Partner
- Max Young — Partner

## Questions

### Who makes investment decisions at Elan Growth Partners?

Founder and Managing Partner Craig Dupper leads all elements of the investment process and sets the firm's strategic direction. Partner Max Young is responsible for identifying, evaluating, and executing investment opportunities and supporting portfolio companies. The firm's operating partners and advisors do not appear to sit on an investment committee but contribute domain expertise during due diligence and post-close value creation, per Elan's website.

### What is Elan Growth Partners' investment strategy?

Elan targets control-oriented equity investments of $5 million to $25 million in profitable lower-middle-market companies generating $1 million to $7 million in EBITDA. The firm focuses on engineered products, niche software, specialty services, and food companies across the Western United States. Post-close, Elan embeds operating partners to automate processes, integrate technology, and execute bolt-on acquisitions.

### What is the relationship between Elan Growth Partners and Solis Capital Partners?

Craig Dupper spent 16 years as one of two partners at Solis Capital Partners, a lower-middle-market private equity firm that deployed more than $122 million through two funds, co-investments, and standalone deals. Elan Growth Partners represents Dupper's continuation of the same strategy under his own brand, with Partner Max Young — who previously worked alongside Dupper at Solis — joining him in the new firm.

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Last updated: 2026-08-11T02:43:31.692Z

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