Graham Partners

A six-person managing-partner group runs the firm: founder Steven Graham (CEO and Chairman), Dennis Dunegan, Joe Heinmiller, Dan Kurtz (CFO), Bill McKee (CCO and Deputy Chairman), and Christina Morin (Head of Capital Formation). The senior investment team has an average tenure of over 20 years together. Investment committee membership varies by fund, with dedicated committees for buyout, growth, and Graham Capital Investments vehicles.

Graham's sourcing benefits from its heritage inside The Graham Group, an engineered-products alliance founded by Steven Graham's father. The network gives the firm early visibility into materials-science and production-technology shifts across industrial supply chains. More than 50 operating executives embedded with the firm further extend its reach into founder-owned businesses.

Graham Partners primarily executes direct buyout and growth equity investments in operating companies, alongside targeted add-on acquisitions for its platforms. The firm also manages affiliated vehicles — Graham Capital Investments handles fund commitments and co-investments, while Graham Sports and Entertainment Partners operates as a separate sports-related investment arm.

The firm invests across buyout, growth equity, and minority transactions, describing its target as technology-driven companies in advanced manufacturing and tech-enabled services. Stage varies by situation — it has completed platform acquisitions such as Becklar (2024) and growth-oriented investments through its Graham Growth vehicle, which is co-headed by Managing Partner Dennis Dunegan.

Graham Partners is not a single-family office. It manages commingled private equity funds raised from institutional investors. Its industrial heritage traces to Donald C. Graham's design engineering firm, which later spawned advanced manufacturing businesses, but the investment firm itself operates as a third-party asset manager.

Graham Partners functions as an independent private equity manager but sits within a broader alliance called The Graham Group, which includes operating companies, philanthropic entities, and other investment vehicles. Steven Graham serves as a family trustee for trusts holding interests across various Graham entities. The affiliation supplies industrial domain expertise but does not make Graham Partners a family office.

The firm's Form ADV states that Graham Capital Investments, a separately managed affiliate, handles investment programs distinct from Graham Partners' direct funds. Graham Partners' own funds focus on control and minority positions in operating companies. Outside allocators seeking co-investment opportunities would typically interface through the broader Graham platform rather than the core buyout funds.