Park Street Capital

Founder and Managing Partner John J. Curran III leads the firm's investment committee. He is supported by Principal Sara Diniz, who drives manager due diligence and portfolio monitoring. The team operates with a flat structure where both senior professionals participate in every fund commitment and co-investment decision.

The firm sources through long-standing relationships with general partners, often cultivated over multiple fund cycles. Park Street Capital targets small to mid-sized managers that are typically below $1 billion in fund size, which it believes offers a larger return dispersion opportunity. The concentrated portfolio of 10 to 15 managers allows the firm to dig deeper on each relationship and negotiate favorable co-investment economics.

Park Street Capital primarily operates as a fund-of-funds, committing to other private equity managers. However, the firm also evaluates selective co-investments alongside its underlying general partners. Additionally, the firm runs a separate credit vehicle that targets direct lending to middle-market companies.

The firm actively seeks co-investment rights from its underlying managers as part of its fund commitment negotiations. Park Street Capital views these co-investment opportunities as a key benefit of its concentrated fund-of-funds model, which gives the firm more leverage to request co-investment access compared to broadly diversified allocators.

The firm has raised eight flagship private equity fund-of-funds vehicles since its founding in 2000. The most recent fund, Park Street Capital Private Equity Fund VIII, held its final close in 2022 (per SEC filings). The firm has also launched a credit-focused vehicle separately from the private equity series.