# MidCoast Capital

MidCoast Capital is a Secondary based in Clearwater Beach, United States.

## Overview

- **Organization type:** Secondary
- **Headquarters:** Clearwater Beach, United States
- **Region:** North America
- **Address:** Clearwater Beach, FL, United States
- **Founded:** 2002
- **Assets under management:** Undisclosed
- **Website:** midcoastcapital.com
- **LinkedIn:** linkedin.com/company/midcoast-asset-management

## Regulatory record

- **Reports private funds:** No

## About

MidCoast Capital is a merchant bank based in Radnor, PA, founded in 2001 by Stephen Harris and Michael Cuneo. The firm purchases secondary interests in private equity funds and sponsors management buyouts and recapitalizations of middle market companies. It invests its own capital and partners with clients and TDH Capital Partners, an affiliate that manages private equity funds and investments.

## Sectors

- Buyout
- Venture (General)
- Secondaries & Special Situations
- Enterprise Software
- Business Services
- Consumer Products
- Financial Services
- Electronics
- Information Technologies
- Healthcare Services

## People

- Michael Cuneo — Managing Principal
- Stephen Harris — Managing Principal
- James M. Buck III — Principal
- J. B. Doherty — Principal

## Questions

### Who runs investment decisions at MidCoast Capital?

Managing Principals Michael Cuneo and Stephen Harris direct investment decisions. They are supported by Principals James M. Buck III and J. B. Doherty, who also manage legacy TDH venture capital portfolios. The firm has operated with this four-person partnership structure since its founding.

### How does MidCoast Capital source proprietary deal flow?

MidCoast's proprietary sourcing channel flows from the TDH venture capital relationship. Principals Buck and Doherty split responsibilities between MidCoast assignments and TDH fund management, creating a direct line into legacy venture portfolios. This partnership overlap provides visibility into LP interests before they reach broad secondary-market processes.

### Does MidCoast Capital participate in fund commitments or only direct secondary deals?

MidCoast operates exclusively as a secondary buyer — it purchases LP interests in private equity and venture capital funds and direct stakes in private companies. The firm does not make primary fund commitments. It targets middle-market buyout, recapitalization, and growth-stage secondary positions.

### Which sectors does MidCoast Capital invest in?

Based on the principals' historical portfolio, the firm has invested across business services, communications, consumer products, financial services, electronics, information technology, and medical products. MidCoast targets secondary interests across these verticals rather than imposing a narrow sector mandate.

### How is MidCoast Capital related to TDH?

Principals James M. Buck III and J. B. Doherty are longtime partners of Managing Principal Stephen Harris in the TDH venture capital activities. They divide their time between MidCoast Capital assignments and the continued management of TDH funds. This dual-platform arrangement gives MidCoast structural access to TDH portfolio LP interests.

## Related profiles

- [MidCap Equity Partners](https://altss.com/profile/midcap-equity-partners)
- [Middelborg](https://altss.com/profile/middelborg)

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

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