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Northspring Partners
Northspring Partners is a private equity firm focused on partnering with search fund entrepreneurs, making minority investments in micro-cap companies with...
Northspring Partners
Northspring Partners is a private equity firm focused on partnering with search fund entrepreneurs, making minority investments in micro-cap companies with exponential growth potential. We seek search fund investment LPs like family offices, high-net worth individuals and endowments.
General information
Firm type
Private Equity
Year founded
2022
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Long Lake
Corporate office
Long Lake, MN, United States
Sector focus
Frequently asked questions
What is Northspring Partners' investment strategy?
Northspring exclusively invests in search fund entrepreneurs who acquire lower middle-market companies. The firm targets businesses with $5 million to $40 million in revenue and $2 million to $10 million in EBITDA, focusing on business services, healthcare, and software. Capital is pooled into diversified funds that give limited partners exposure to a basket of these acquisitions.
What makes Northspring different from other search fund investors?
The principals are former searchers who have run the model themselves, which shapes how they select, back, and coach entrepreneurs. This operator-first perspective differs from many search fund investors who come from traditional institutional backgrounds. The firm argues this gives them an edge in evaluating founder grit and navigating the challenges of acquiring and scaling a micro-cap business.
How does Northspring source its deal flow?
The firm partners with a select group of search fund entrepreneurs it identifies as having the requisite drive and experience. Rather than originating deals directly, Northspring relies on its network of searchers to find and acquire target companies. The investment team then provides both capital and operational support throughout the acquisition and growth phases.
Does Northspring Partners disclose its assets under management?
No. Northspring does not publicly report its AUM, total capital deployed, or fund sizes. The firm's limited partner base includes family offices, high-net-worth individuals, and endowments, but the scale of commitments is not disclosed.
What geographies does Northspring invest in?
The firm invests exclusively in companies based in the United States and Canada.
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