# Mizzen Capital

Mizzen Capital is an Asset Manager based in Stamford, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Stamford, United States
- **Region:** North America
- **Address:** 263 Tresser Blvd, 9th Floor Stamford CT 06901, USA
- **Assets under management:** Undisclosed
- **Website:** mizzencapital.com
- **LinkedIn:** https://www.linkedin.com/company/mizzencapital

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Manufacturing & Industrials
- Business Services
- Healthcare Services
- Information Technology
- Software
- Energy Transition & Renewables

## Offices

- Philadelphia, PA
- Baton Rouge, LA

## People

- Marilyn Adler — Managing Partner
- Liddy Karter — Managing Partner
- Annie Li — Managing Director

## 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.

## Related profiles

- [Mirai Securities](https://altss.com/profile/mirai-securities)
- [Mobius Venture Capital](https://altss.com/profile/mobius-venture-capital)

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

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