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Franklin Hill Capital
Patrick Hartman leads Franklin Hill Capital, a Chicago PE firm focused on control recapitalizations of US middle-market businesses, holding R.A.S.
Franklin Hill Capital
We are a private equity firm that partners with business owners and management teams of middle market companies to support their business succession, growth and capital needs.
General information
Firm type
Private Equity
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Chicago
Corporate office
Chicago, IL, United States
Principals
Patrick Hartman
Managing Partner
Timm Bellazzini
Managing Director
Scott Aldworth
Principal
Sector focus
Frequently asked questions
Who makes the investment decisions at Franklin Hill Capital?
The decision-making rests with the three named principals: Managing Partner Patrick Hartman, Managing Director Timm Bellazzini, and Principal Scott Aldworth. The firm's website lists no other investment professionals or staff, indicating a flat partnership structure with direct accountability.
What is Franklin Hill Capital's typical investment structure?
The firm executes control-oriented recapitalizations, frequently partnering with management teams and external operating partners. Both disclosed portfolio holdings — R.A.S. Logistics and Global K9 Protection Group — were structured as recapitalizations rather than outright buyouts, confirming a preference for shared-equity alignment over full buy-and-build strategies.
In which sectors does Franklin Hill Capital currently invest?
The current portfolio points to two operational concentrations: final-mile logistics, as represented by the R.A.S. Logistics recapitalization in December 2021, and specialized security services, as seen in the October 2022 recapitalization of Global K9 Protection Group. Both are service-centric, asset-light middle-market businesses.
What is the geographic focus of Franklin Hill Capital's portfolio?
Portfolio company operations are concentrated in the United States. R.A.S. Logistics serves the Midwest, Northeast, and Southeast, while Global K9 Protection Group operates from Alabama and deploys canine security services in cities across the country. The firm's own headquarters are in Chicago.
Does Franklin Hill Capital disclose its assets under management?
No. Franklin Hill Capital does not publicly report an AUM figure, and its lean partnership structure makes third-party estimations unreliable. The firm's AUM is considered undisclosed.
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