# North Atlantic Capital

North Atlantic Capital is a Private Equity based in Portland, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Portland, United States
- **Region:** North America
- **Address:** Two City Center, 5th Floor, Portland, Maine, United States
- **Founded:** 1986
- **Assets under management:** Undisclosed
- **Website:** northatlanticcapital.com
- **LinkedIn:** https://www.linkedin.com/company/north-atlantic-capital

## Regulatory record

- **CRD number:** 337492
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/337492

## About

North Atlantic Capital is a state-registered investment adviser with offices in Portland, Maine. It manages private equity funds and provides investment advisory services.

## Sectors

- Enterprise Software
- Aerospace & Defense
- Advanced Manufacturing

## People

- David Coit — Co-founder and Managing Director

## Questions

### What is the relationship between North Atlantic Capital and Stifel Financial?

North Atlantic Capital Corporation and its private investment funds operate independently from Stifel Financial Corp. Two principals at North Atlantic hold executive roles at Stifel, but the firm's website explicitly states that their work on the Stifel North Atlantic AM-Forward Fund is performed solely as managing members of the fund's general partner and is not an act of or on behalf of Stifel. No association or affiliation exists between Stifel and North Atlantic Capital Corporation or its private funds.

### Which sectors does North Atlantic Capital target?

Historically, the firm focuses on market-leading technology companies that serve other businesses, covering enterprise software and growth-stage tech. Its newer Stifel North Atlantic AM-Forward Fund invests in established Tier 2, 3, and 4 aerospace-and-defense suppliers that are expanding additive and advanced-manufacturing capabilities, targeting breakeven to $10 million of EBITDA. The fund aims to build commercial as well as Department of Defense capacity.

### Does North Atlantic Capital co-invest alongside other firms?

Yes, the firm describes a 30-year legacy of collaborative relationships with portfolio-company executives and co-investors. Its structured-debt approach often leaves room for equity syndicates to participate, and the AM-Forward Fund notes the ability to do larger investments with partners beyond the $12 million typical ceiling.

### Where does North Atlantic Capital invest geographically?

The firm's investment office is in Portland, Maine, and its recent AM-Forward Fund explicitly targets U.S.-based manufacturing and services businesses. Its historical portfolio spans innovative technology companies, though public geographic detail is limited.

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Last updated: 2026-08-11T15:07:34.613Z

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