Private Equity

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NATSEC Capital

NATSEC Capital is a private equity based in Chicago, founded 2014; the Altss profile covers its classification, headquarters, registration, AUM band, and key...

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NATSEC Capital

NATSEC Capital is a private equity firm based in Chicago, US. It focuses on buyout investments. The firm is headquartered in the US.

General information

Firm type

Private Equity

Year founded

2014

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Chicago

Corporate office

Chicago, IL, United States

Principals

Bryson Clements

CEO & Managing Partner

Brian Hibbeln

Partner

Ken Tovo

Partner

Linda Medler

Partner

Leslie Beavers

Principal & Operating Partner

Dave Swindle

Principal & Operating Partner

Wayne Brannon

Principal & Operating Partner

Steve Briganti

Principal & Operating Partner

Lidia Napier

Head of Valuations & Transaction Structuring

Sarath Sanga

Internal Counsel & Chief Compliance Officer

Logan Dopp

Principal

Amber Nielson

Investment Operations

Sector focus

Defense & National SecurityAerospace & SpaceIntelligence & CybersecurityGovernment TechnologyEnergy Transition & RenewablesIndustrial TechMining & Minerals

Frequently asked questions

Who runs investment decisions at NATSEC Capital?

CEO & Managing Partner Bryson Clements leads the firm. He worked previously at Goldman Sachs and served as an advisor to the Chairman of the Senate Intelligence and Senate Finance Committees. The partnership model distributes authority across senior operators — retired general officers, former agency directors, and operating executives — each capable of originating and evaluating deals inside their domain.

How does NATSEC Capital source deals?

The firm’s partners draw on decades of relationships inside the Department of Defense, the intelligence community, NATO commands, and the national laboratories. Those networks create early visibility into procurement needs and technology gaps long before formal RFPs or market processes begin. In addition, operating partners who led F500 defense and aerospace businesses maintain direct lines to industrial supply chains.

Is NATSEC Capital a venture firm or a buyout shop?

The firm describes itself as executing buyouts, growth equity, early-stage investments, and management buyouts. That flexibility suggests it can acquire established contractors or back smaller technology companies transitioning from SBIR-phase work to scalable production, rather than sticking to a single stage mandate.

Does NATSEC Capital take board seats or just write checks?

Its deep bench of operating partners — including a former GM Europe CEO and a Lockheed Martin CIO — points to active board- or operator-level involvement. The firm publicly positions these executives as available to portfolio companies, which is consistent with a hands-on investing style common in lower-middle-market defense buyouts.

Which sectors does NATSEC Capital pursue?

Public materials name defense, space, aerospace, intelligence, cybersecurity, nuclear industries, logistics, and mining and minerals. The mining-and-minerals vertical, staffed with dedicated co-heads, suggests exposure to critical supply chains — rare-earth elements, battery metals, or energy-security minerals — that fall inside national-security mandates.

Does NATSEC Capital operate any disclosed funds or permanent capital vehicles?

The firm’s website does not disclose fund names, vintage years, or target sizes. It maintains a dedicated LP Portal, which implies an investor base beyond the general partners, but no regulatory filings or public marketing materials confirm a specific fund structure as of mid-2026.

How is NATSEC Capital’s mining and minerals practice connected to its defense focus?

Two confidential co-heads run the mining and minerals vertical. That, alongside the firm’s stated focus on national security, suggests it invests in extraction, processing, or recycling of materials subject to export controls, stockpile mandates, or Defense Production Act priorities — but it hasn’t publicly identified portfolio companies in the space.

Profile maintained by 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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