Private EquityRIA · CRD 171108Exempt Reporting AdviserPrivate Fund Adviser

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QuestMark Partners

QuestMark is an expansion-stage firm investing behind exceptional management teams building market-leading or market-creating companies. Over 18 years, four...

QuestMark Partners logo

QuestMark Partners

QuestMark is an expansion-stage firm investing behind exceptional management teams building market-leading or market-creating companies. Over 18 years, four funds and 60+ investments, it has established a track record as a trusted partner with portfolio company management teams and co-investors. Initial investments are typically $5-15 million, with capacity to invest $25-30 million in appropriate situations. The firm has particular interest in enterprise software, vertically-focused cloud software, mobile software, tech-enabled business services, security, financial technology, consumer internet, and healthcare IT.

General information

Firm type

Private Equity

Year founded

1998

Location

Region

North America

Country

United States

City

Ellicott City

Corporate office

2850 Quarry Lake Drive Suite 301, Baltimore, MD 21209, United States

Principals

Ben Schapiro

Founder & Partner

Tim Krongard

Partner

Mike Ward

Partner

Brian Matthews

Partner

Nick Superina

Partner

Sector focus

Enterprise SoftwareFinTechDigital HealthConsumer InternetCybersecurityMobility & TransportationHealthcare Services

Frequently asked questions

Does QuestMark participate in fund commitments or only direct deals?

QuestMark invests directly in expansion-stage companies; there is no mention of fund-of-fund commitments or LP investments in other venture or private equity firms. Its model centers on leading or participating in direct equity financings, with the ability to co-invest alongside growth-oriented partners. The firm has not disclosed any separate fund-of-funds allocation.

What investment stages does QuestMark target?

QuestMark targets expansion-stage companies — those with a proven go-to-market strategy and strong recurring revenue that need capital to accelerate and establish market leadership. The firm explicitly states it is not rigid about a specific revenue threshold, focusing instead on momentum and market opportunity. It does not invest in seed or pre-revenue startups.

How is QuestMark's holding period different from other growth equity firms?

QuestMark advertises a patient approach: holding periods have ranged from one to thirteen years. The firm's limited partners are described as equally patient, and the team states it does 'not aim for an exit' but builds for long-term standalone success. This aligns with a strategy that can accommodate delayed liquidity events without pressure to return capital on standard fund timelines.

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