KCM Capital Partners

KCM Capital Partners

KCM Capital Partners traces its DNA to McCarthy's earlier venture, Jayhawk Capital, a multi-strategy investment platform that shaped his approach to private company ownership. Based in Chicago, the firm targets North American businesses where technology and services converge — a space where operational expertise matters as much as the capital deployed. McCarthy's investment philosophy emphasizes close partnership with management teams, reflecting a career spent navigating both public and private market cycles. The firm operates across three core verticals. In enterprise software, KCM pursues vertical SaaS and data-infrastructure platforms with recurring revenue models and sticky customer bases. Business services investments center on tech-enabled outsourcing and compliance-heavy sectors where scale creates compounding advantages. Healthcare services targets non-clinical, back-office platforms serving payers, providers, and life sciences companies. Confirmed past engagements include portfolio companies in revenue-cycle management and supply-chain analytics, though the firm does not publicly catalog its full active roster. KCM typically writes equity checks between $10 million and $50 million and prefers to lead or co-lead rounds. KCM's team structure remains deliberately lean, consistent with a lower-middle-market specialist that prioritizes deep diligence over transaction volume. McCarthy serves as managing partner and chairs the investment committee. The firm has historically operated from a single Chicago office and does not publicize headcount. Philanthropic or adjacent-vehicle structures are not separately branded. KCM's most visible operational marker remains its sector concentration — a strategic departure from generalist peers that positions it to source off-market transactions through repeat founder and intermediary relationships. McCarthy's dual background as a cross-asset allocator and direct operator supplies KCM's structural differentiator. Where many lower-middle-market buyers compete on price or speed, KCM competes on a post-close operating playbook rooted in public-company governance standards. This governance-first approach — combined with the firm's refusal to drift beyond its three-vertical mandate — produces a concentrated portfolio that behaves less like a diversified fund and more like a permanent-hold partnership.