PCB Capital

Michael Blitzer, the firm's founder and managing partner, leads all investment decisions. Blitzer spent approximately two decades at Insight Partners, one of the largest growth-equity software investors globally, before establishing PCB Capital. His investment committee structure for the 2024 fund has not been publicly detailed, but regulatory filings list Blitzer as the sole control person.

The firm's sourcing model relies heavily on Blitzer's network from his Insight Partners tenure, where he developed relationships with enterprise software founders, bankers, and operating executives across North America. PCB also targets corporate carve-outs and founder-led businesses in sub-sectors where Blitzer has specific domain expertise. No broker-dealer affiliations or systematic origination partnerships have been publicly disclosed.

PCB Capital makes direct, control-oriented equity investments rather than committing capital as a limited partner to other managers. The firm's strategy is built around concentrated, majority-stake positions where it can install operators and drive strategic change, making fund-of-funds commitments inconsistent with the model.

The firm targets growth-stage and mature private companies with $5 million to $30 million in annual recurring revenue, occupying a space between early-stage venture and large-cap buyouts. This stage typically involves companies that have achieved product-market fit and initial scale but require operational or strategic repositioning to reach the next growth phase.

The firm has publicly stated it avoids biotech, medical devices, and hardware companies, concentrating exclusively on software and data-focused businesses. Consumer internet, direct-to-consumer brands, and financial services are also absent from its stated mandate, which remains tightly focused on B2B enterprise technology.