# Entourage Effect Capital

Entourage Effect Capital is a Private Equity based in Dallas, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Dallas, United States
- **Region:** North America
- **Address:** Dallas, TX, United States
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** entourageeffect.com
- **LinkedIn:** https://www.linkedin.com/company/entourage-effect-capital

## Regulatory record

- **CRD number:** 309698
- **SEC file number:** 802-119313
- **Registration status:** ACTIVE
- **Latest Form ADV filing:** 2026-03-30T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/309698

## About

Entourage Effect Capital (EEC, fka Cresco Capital Partners) is a cannabis investment firm. EEC is currently deploying Fund III, investing in companies positioned to scale ahead of federal legalization. While growth-stage focused, the Fund has an early-stage allocation through wholly-owned Arcview Ventures Seed Fund.

## Sectors

- Private Equity
- Consumer Discretionary
- Healthcare Services

## People

- Matthew Hawkins — Co-founder, Managing Partner
- Dov Szapiro — Co-founder, Managing Partner
- Andy Sturner — Co-founder, Managing Partner

## Questions

### Who runs investment decisions at Entourage Effect Capital?

The three co-founders — Matthew Hawkins, Dov Szapiro, and Andy Sturner — lead the firm as Managing Partners and set investment strategy. The investment team also includes Managing Directors Tiffany Liff, Joe Blasetti, and Roman Stahl, who handle portfolio management and deal execution. An LPAC that includes advisor Jason Wild provides external oversight.

### What investment stages does Entourage Effect Capital target?

EEC's primary mandate is growth-stage cannabis investing through its third fund. However, the firm also operates an early-stage allocation — the Arcview Ventures Seed Fund — which it wholly owns, allowing it to back companies from seed to later-stage rounds. This structure means EEC can follow a company across multiple funding cycles.

### How does the firm source its cannabis deals?

The firm cites its decade-plus network in the regulated cannabis industry as the primary source of proprietary deal flow. The team's tenure, dating to 2014, spans multiple expansion cycles, giving EEC relationships with founders and operators that it argues are difficult for newer entrants to replicate.

### Does Entourage Effect Capital take activist stakes in public companies?

Yes. The firm states it has run activist shareholder campaigns at publicly traded cannabis companies. While specific campaigns are not disclosed on the website, EEC considers public-market engagement part of its value-add toolkit alongside traditional venture-style board work.

## Related profiles

- [Entourage](https://altss.com/profile/entourage)
- [Entourage Ventures](https://altss.com/profile/entourage-ventures)

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Last updated: 2026-08-11T15:06:42.396Z

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