Fiduciam Capital

Fiduciam Capital

Fiduciam Capital was founded in Atlanta by Managing Partner Keegan Dum, whose path to private equity ran through construction and oil-field labor before a Georgia Tech engineering degree, a Goizueta MBA, and a high-potential leadership track at ExxonMobil. Dum later acquired and operated a software company as CEO, exiting with a 78% internal rate of return for investors — an operational track record that now underpins the firm’s pitch to business owners considering a transition. The firm writes equity checks into established, cash-flow-positive U.S. companies generating between $5 million and $100 million in annual revenue. It structures transactions as partial sales that bring in a new operating partner, or full acquisitions executed alongside a strong internal second-in-command who can step into the CEO role — the firm explicitly avoids startups and distressed turnarounds. Fiduciam’s funding model layers committed equity from the Managing Partner with capital from a ready investor base formed after prior shared deals, and it pairs that equity with debt sourced through established senior-lender relationships to accelerate time to close. Confirmed sector exposure includes enterprise software, though the firm’s mandate is generalist across stable, owner-led businesses with durable margins and steady cash generation. Fiduciam Capital operates from a single office in Atlanta and discloses neither total assets under management nor aggregate deployment. Day-to-day investment decisions and origination run through Managing Partner Keegan Dum, who personally handles initial conversations with prospective sellers. The firm has not publicly reported a dedicated investment team headcount, additional offices, or adjacent philanthropic or operating-company vehicles. The structural distinction is the founder’s dual posture as both principal investor and former operator: Dum’s personal capital is committed alongside external investors, and his prior experience as a CEO who bought, ran, and sold a company means sellers negotiate with someone who has sat on their side of the table — not a career financial buyer. This owner-operator credibility defines the firm’s transition-focused mandate, where the transaction is framed as a handoff to a partner who has already executed the same playbook.