Parkway Capital Investors

Parkway Capital operates as the mezzanine business of Calvert Street Investment Partners. Its website does not disclose a fund-level structure, and the firm presents itself as a permanent platform rather than a vehicle that goes through discrete fundraising cycles. Allocators should clarify the capital base directly, but the continuity implied by 'since 2000' and an unchanging target market suggests a stable, non-fund architecture.

The firm partners with management teams, funded and independent equity sponsors, family offices and owner-operators. Parkway does not run a proprietary origination model built on cold outreach; it relies on a network of deal sponsors evaluating businesses with at least $10 million of revenue and $2 million of EBITDA. The Boston and Baltimore offices anchor its geographic coverage for the US lower-middle market.

Parkway makes both mezzanine debt and minority equity investments. The firm states check sizes of $4 million to $15 million per transaction, with the flexibility to structure as junior credit, preferred equity or a combination. It does not seek control positions; every investment is structured to sit alongside the existing sponsor or management team.

Parkway does not publish an exclusion list. The named industries it invests in — manufacturing, distribution, consumer products, business and industrial services, and healthcare — are broad, and the firm does not indicate that it screens out any specific sector. Allocators evaluating the portfolio should note the absence of technology, software, and financial-services exposure in disclosed positions.

Parkway Capital is the mezzanine business of Calvert Street Investment Partners, a relationship disclosed on Parkway's website. This means Parkway operates as a dedicated junior capital strategy within the larger Calvert Street platform rather than as an independent entity. The exact ownership and governance separation between the two entities is not publicly detailed.