Notos Capital

Paul Misir is the founder and leads the firm. He previously founded and was Managing Partner of Morning Street Capital, where he managed top-decile institutional private equity funds focused on secondaries. Investment decisions are made in conjunction with a network of venture partners, including former policy analysts and senior sales and trading executives at major investment banks.

Notos operates as a principal investment firm, not a traditional blind-pool fund manager. It selectively capitalizes and manages private equity vehicles around specific opportunities, typically originated in secondaries and sports markets around long-lived assets. The firm uses its own capital alongside that of its partners.

Deal flow originates through Paul Misir’s leadership and the firm’s network of venture partners. The team includes a former White House National Economic Council policy analyst, a senior sales trader with two decades of market-maker relationships, and a pioneer in global IP trading who previously led technology IP at Coller Capital. This network is designed to surface complex, negotiated transactions in secondaries and structured capital before they reach broad auction processes.

Notos-X is a separate entity or platform referenced on the firm’s website, though its specific function is not described in publicly available materials. The firm directs inquiries to its venture partners and advisors, and Notos-X may represent a specific strategy or advisory unit given its distinct tab on the firm’s navigation.

Based on disclosed active investments, Notos targets enterprise software, consumer goods, and mobile technology. Its portfolio includes a decentralized elastic search company funded by Silicon Valley investors, a chatbot for mobile messaging, a botanical and home décor manufacturer, and a mobile private-market financial data aggregator. The firm also states a focus on sports markets and long-lived assets.

No committed fund structure is publicly disclosed. The firm describes itself as a finance and corporate strategy partner that selectively capitalizes vehicles around specific opportunities. It partners its own ideas and significant capital resources with entrepreneurs, boards, and asset managers, indicating a deal-by-deal capital deployment model rather than discretionary pooled funds.

Paul Misir was the Founder and Managing Partner of Morning Street Capital, which raised two top-decile institutional private equity funds before he founded Notos LLC. There is no publicly disclosed ongoing legal or operational link between the two entities, though the secondaries investment expertise Misir built at Morning Street informs the Notos strategy.