# Pilgrims & Indians Capital

Pilgrims & Indians Capital is a Private Equity based in Austin, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Austin, United States
- **Region:** North America
- **Address:** Austin, TX, United States
- **Assets under management:** Sub-$250M (Altss estimate)
- **Website:** pilgrimsandindians.com

## Regulatory record

- **Reports private funds:** No

## About

Pilgrims & Indians Capital is a private equity firm based in Austin, US. It focuses on growth investments. The firm is headquartered in Austin.

## Sectors

- Enterprise Software
- FinTech
- Digital Health
- Cybersecurity
- Industrial Tech

## People

- Brian T. Sheehy — Founder & Managing Partner

## Questions

### Who manages investment decisions at Pilgrims & Indians Capital?

Brian T. Sheehy, the firm's founder and managing partner, leads all investment decisions. Sheehy built the practice around direct, research-driven sourcing and maintains personal involvement in every deal the firm pursues. The structure is deliberately flat, with no sprawling investment committee layers separating the lead partner from capital deployment.

### What investment stages and sectors does Pilgrims & Indians target?

The firm writes growth-equity checks into B2B software and tech-enabled services companies that have demonstrated product-market fit and are scaling revenue. Core sectors include enterprise software, fintech, digital health, cybersecurity, and industrial technology. The firm favors companies with recurring revenue, strong retention metrics, and established competitive moats.

### Does Pilgrims & Indians operate with a conventional fund structure?

While the firm manages a dedicated investment vehicle, it is structured more like a permanent-capital partnership than a blind-pool fund manager. Pilgrims & Indians takes concentrated positions and holds them for longer durations without facing the distribution timelines that pressure conventional 10-year fund structures. Public details on fund size and LP composition have not been disclosed.

### How does Pilgrims & Indians source its deals?

The firm relies on Brian Sheehy's direct network across the Texas technology ecosystem and broader North American growth-equity markets. Sheehy's long operating history in the space gives the firm access to proprietary and lightly intermediated opportunities, particularly in secondary tech hubs where institutional competition is thinner than in Silicon Valley.

### Where is Pilgrims & Indians Capital's geographic focus?

The firm concentrates on North American companies, with a particular emphasis on businesses headquartered in Texas and other secondary US technology markets. Sheehy's Austin base gives the firm a sourcing advantage in the Central Texas corridor, though the mandate extends to opportunities across the United States.

## Related profiles

- [Pilgrim Baxter Hybrid Partners](https://altss.com/profile/pilgrim-baxter-hybrid-partners)
- [Pine Cone Capital](https://altss.com/profile/pine-cone-capital)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/pilgrims-and-indians-capital

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