Patriot Capital

Patriot Capital structures transactions using unitranche, second-lien, junior subordinated debt, mezzanine financing, convertible debt, and preferred or common equity. The firm also provides one-source financing that combines senior and subordinated debt. This flexibility allows it to tailor capital to a company's specific balance-sheet needs rather than imposing a standard product.

The firm looks for privately held, small and medium-sized businesses with annual revenues between $10 million and $200 million. Within that band, it seeks management teams with proven track records of revenue and profit growth, operating in industries with long-term positive trends and sustainable competitive advantages.

Patriot Capital's sourcing is relationship-driven, supported by an extensive network of operating executives, advisors, and senior bank lenders. The firm's partners have spent decades investing in and operating mid-sized companies, which generates inbound opportunities from management teams and intermediaries familiar with their track record. Specific origination channels or proprietary network details have not been publicly disclosed.

Patriot Capital's marketing materials emphasize partnership with management rather than control. The firm provides capital for growth, buyouts, and recapitalizations but describes its role as supportive across shareholder and management decisions. The use of subordinated debt and minority equity structures suggests it most often aligns alongside existing owners rather than replacing them.

Patriot Capital does not publicly name its managing partners or investment committee members on its website. Its materials reference a management team whose partners and managing directors each have over 20 years of corporate finance experience, but individual names and roles are not disclosed in available public sources, which is atypical for a fund that markets itself directly to the middle market.