# Hadley Capital

Hadley Capital is a Private Equity based in Wilmette, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Wilmette, United States
- **Region:** North America
- **Address:** Wilmette, IL, United States
- **Founded:** 1998
- **Assets under management:** Undisclosed
- **Website:** hadleycapital.com
- **LinkedIn:** https://www.linkedin.com/company/hadley-capital

## Regulatory record

- **Reports private funds:** No

## About

Hadley Capital is a private equity firm based in Wilmette, Illinois, founded in 1998. The firm invests in growth and mature companies in the Midwest, Northeast, Southeast, and West US regions. Hadley Capital focuses on transactions such as acquisition and expansion financing, buyouts, consolidation, and recapitalization, targeting companies with annual profits between $1 and $3 million and revenues between $5 and $20 million.

## Sectors

- Industrial Tech
- Business Services
- Consumer
- Healthcare Services

## People

- Clayton A. Struve — Founder and Managing Partner

## Questions

### How does Hadley Capital structure its funds?

Hadley Capital does not operate traditional closed-end funds. It uses a holding company structure with evergreen capital, allowing it to acquire companies and hold them indefinitely without the forced sale timelines that define fund-based private equity. This permanent-capital model makes Hadley an attractive buyer for founders who want assurance their business won't be flipped in a short window.

### What size companies does Hadley Capital target?

The firm targets profitable companies with $5M to $30M in revenue and $1M to $5M in EBITDA, a segment it describes as the "lower middle market." Hadley focuses on businesses that are too small for institutional private equity funds but too large or complex for individual buyers, a structural niche it has occupied since its founding in 1998.

### Which sectors does Hadley Capital explicitly avoid?

Hadley avoids software, biotechnology, pharmaceuticals, and any business dependent on speculative technology adoption. It also avoids turnarounds and distressed situations. The firm concentrates on industrial services, niche manufacturing, equipment distribution, and packaging — sectors where free cash flow is predictable and operational improvement drives returns rather than market timing.

### How does Hadley Capital source its deals?

The firm relies on a proprietary network of business brokers, accountants, attorneys, and industry executives built over 25 years of operating in the lower middle market. It does not participate in broad auction processes run by investment banks. Hadley's permanent-capital structure and reputation for retaining company cultures give it an advantage in proprietary negotiations with founder-sellers.

## Related profiles

- [Hadean Ventures](https://altss.com/profile/hadean-ventures)
- [Hadrian Partners](https://altss.com/profile/hadrian-partners)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/hadley-capital

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology