Permanent Capital

Permanent Capital

Permanent Capital was established in Chicago by an undisclosed group of operators and entrepreneurs who had previously built and sold their own businesses. The firm positions itself as a buyer that understands the friction of a sale process from the founder's side, marketing directly to owners of software-enabled companies who have reached a transition point but want to avoid the drawn-out diligence and structural complexity typical of institutional M&A. Permanent Capital deploys capital into buyouts, succession-driven acquisitions, and general venture situations across software-enabled businesses. The firm states a clear revenue floor of $2 million and requires at least three years of operating history. Its deal scenarios fall into three buckets: bootstrapped companies generating profit above $500,000 whose founders seek a long-term partner or exit; venture-backed businesses stalled between funding rounds where investors need a soft landing; and cap-table cleanups where early employees or angel investors want liquidity. The firm commits to simple terms and promises not to wear sellers down on price with complex structures. The firm does not publicly disclose its assets under management, deployment totals, or headcount. It operates from a single known office in Chicago and has not surfaced adjacent vehicles, philanthropic foundations, or co-investor clubs. Permanent Capital's website serves as its primary public presence, and it maintains no known LinkedIn page or additional media profile. Permanent Capital's structural distinction lies in its operator-led sourcing model and its explicit posture as an anti-institutional buyer. By marketing directly to founders rather than through intermediaries, and by codifying promises of simple documentation and no re-trading, the firm attempts to solve for the information asymmetry and deal fatigue that plague lower-middle-market software M&A. This positions it closer to a search fund with permanent capital than to a conventional private equity fund, though the lack of disclosed principals and track record makes independent verification of its closing behavior difficult.