# Mulberry Investment Group

Mulberry Investment Group is an Asset Manager based in Richmond, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Richmond, United States
- **Region:** North America
- **Address:** 9011 Arboretum Pkwy, Suite 155, Richmond, VA 23236, United States
- **Assets under management:** Undisclosed
- **Website:** mulberryinvestments.com
- **LinkedIn:** https://www.linkedin.com/company/mulberry-investment-group-llc

## Regulatory record

- **Reports private funds:** No

## About

Richmond-based private equity firm focused on investing in small private companies | Mulberry Investment Group is a Richmond-based investment firm focused on acquiring majority positions in small private companies that have demonstrated strong operating records in well-defined niche markets. We provide liquidity to owners facing retirement and succession issues and invest the capital necessary to build upon the success of the companies we acquire. With $10 million of committed equity capital and no outside investment committees, we are able to make quick decisions about potential investments.

## Sectors

- Industrial Tech
- Business Services

## People

- Richard A. Morris — Managing Director and Founder
- Josh Wishnack — Managing Director and Partner

## Questions

### Who runs investment decisions at Mulberry Investment Group?

Rick Morris and Josh Wishnack, both Managing Directors and founders, run all investment decisions. They jointly source deals, structure acquisitions, and step into operating roles at portfolio companies. Their Darden MBA network, combined with direct outreach to business owners, drives the pipeline.

### How does Mulberry Investment Group source proprietary deal flow?

The firm sources through longstanding relationships with lower-mid-market business owners, operators, and the Darden alumni network. Because Morris and Wishnack personally manage acquired companies, their reputation among succession-minded entrepreneurs generates non-auction opportunities. Co-investor relationships, such as the one with TRP Capital Partners, also yield shared deal flow.

### Does Mulberry Investment Group participate in fund commitments or only direct deals?

Mulberry exclusively pursues direct, majority-control acquisitions of private operating companies. There is no public record of the firm making LP commitments to external funds. The strategy uses company-level governance rather than portfolio diversification to manage risk.

### What investment stages does Mulberry typically target?

The firm targets mature, cash-flowing businesses — buyouts, divestitures, recapitalizations, and succession-driven transitions. It does not invest in venture-stage, pre-revenue, or distressed-turnaround situations. Typical targets have demonstrated strong operating records in well-defined niches.

### How is Mulberry Investment Group related to Marubeni Corporation?

Marubeni is a business partner and acquirer, not a parent or affiliate. In 2023, Marubeni purchased Mulberry’s holdings in C&K Auto Parts and Warranty Inspection Services, two companies Mulberry had built and operated directly for several years. The transaction was a full exit for Mulberry (per Altss research, 2023).

## Related profiles

- [Muirwoods Ventures](https://altss.com/profile/muirwoods-ventures)
- [Mulholland & Kuperstock Asset Management](https://altss.com/profile/mulholland-kuperstock-asset-management)

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

Canonical page: https://altss.com/profile/mulberry-investment-group

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