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Mizzen Capital
Mizzen Capital primarily invests debt into U.S. based lower middle market companies. We tailor capital structures to fit company's needs and objectives.
Mizzen Capital
Mizzen Capital primarily invests debt into U.S. based lower middle market companies. We tailor capital structures to fit company's needs and objectives. We prioritize transparency and aligned goals. Company Characteristics: Targeting lower middle market companies with EBITDA of $1M to $15M with under 4x leverage. Emphasis on business models with free cash flows, recurring revenues and lower capex and consistent historical financial performance. Strong, Experienced Management team with demonstrated commitment to success. Defensible industry leadership or distinguished market niche. Growing market with fundamental value proposition. Asset base or reliable cash flows to support loans. Located in the United States or its territories. Industries: Including but not limited to Manufacturing and Industrial, Business and Healthcare Services, IT and Software, and Alternative Energy.
General information
Firm type
Asset Manager
Location
Region
North America
Country
United States
City
Stamford
Corporate office
263 Tresser Blvd, 9th Floor Stamford CT 06901, USA
Additional offices
Philadelphia, PA · Baton Rouge, LA
Principals
Marilyn Adler
Managing Partner
Liddy Karter
Managing Partner
Annie Li
Managing Director
Sector focus
Frequently asked questions
What is Mizzen Capital's typical transaction structure?
Mizzen deploys senior secured first- and second-lien term loans, mezzanine debt with equity warrants, and occasional equity co-investments. The firm targets sub-4x leverage on companies with $1M–$15M in EBITDA, and deal size can reach $30M, with larger loans syndicated (per the firm's stated strategy).
How does Mizzen source its deal flow?
The firm participates in independent sponsor dealmaking forums, including the iGlobal Forum Independent Sponsor Dealmakers Meeting, where Managing Partner Marilyn Adler represented Mizzen in April 2026. Mizzen also connects to diverse ownership teams via its women-owned SBIC network, creating a pipeline distinct from broadly auctioned processes.
Which sectors does Mizzen Capital explicitly target?
The firm names manufacturing, industrials, business services, healthcare services, IT, software, and energy transition as its sectors. Its disclosed portfolio tilts toward fragmented essential services — HVAC, plumbing, pest control, roofing, landscaping — and domestic manufacturing, with no consumer-tech or venture-stage exposure visible.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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