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Red Barn Equity Partners
Red Barn Equity Partners, co-founded by David Anderson and Cliff Moskowitz, executes control investments in lower-middle-market businesses from New York.
Red Barn Equity Partners
Red Barn Equity Partners launched in 2014 when David Anderson and Cliff Moskowitz departed Miami-based Pine Tree Equity, a firm Anderson co-founded, to build a New York–centered private equity vehicle. The pair targeted control investments in founder-owned businesses across North America, typically with EBITDA between $3 million and $10 million, drawing on a network developed across two decades of lower-middle-market deal-making. The firm operates as a classic lower-middle-market buyout shop, executing control equity investments in profitable, cash-flowing companies. Sectors of record include business services, niche manufacturing, value-added distribution, and consumer products. The strategy relies on proprietary origination — direct outreach to founders and tight relationships with regional intermediaries — rather than broad auction processes. Portfolio construction remains deliberately concentrated. Known investments include Coastline Equipment, a John Deere construction and forestry equipment dealership group operating across the Pacific Northwest, and Interstate + Lakeland Lumber, a building materials supplier serving the Connecticut and New York markets. Red Barn runs a lean operation out of a single New York office, consistent with its strategy of managing a small number of high-conviction positions. Team size and total committed capital have remained private since the close of Red Barn Equity Partners I. The firm does not operate separate credit, real estate, or philanthropic arms. May 2024: Executed a majority recapitalization of Coastline Equipment, adding a new senior debt facility to fund continued dealership acquisition roll-ups in the Western United States (public record). A defining structural feature is the firm's origin as a deliberate spin-out. Anderson's decision to leave a firm he co-founded in 1998, relocate from Miami to New York, and maintain a single-office, single-fund posture with Moskowitz creates a partnership structure where both senior members are actively involved in every deal, avoiding the multi-office coordination that characterized their earlier work.
General information
Firm type
Asset Manager
Year founded
2014
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
David Anderson
Managing Partner & Co-Founder
Cliff Moskowitz
Managing Partner & Co-Founder
Sector focus
Frequently asked questions
Who runs investment decisions at Red Barn Equity Partners?
David Anderson and Cliff Moskowitz share managing partner and co-founder responsibilities. Anderson previously co-founded Pine Tree Equity in 1998, while Moskowitz joined him as a partner at that firm before the two spun out to launch Red Barn in 2014. Both are actively involved in sourcing and underwriting each platform investment, consistent with a concentrated portfolio approach where every deal receives senior-level attention.
How does Red Barn Equity Partners source its deals?
The firm relies heavily on a proprietary origination model built around direct founder outreach and long-standing intermediary relationships rather than broad auction participation. Anderson and Moskowitz's two decades in the lower middle market provide access to off-market or limited-process opportunities, particularly among family-owned businesses seeking a first institutional partner.
What investment size and structure does Red Barn target?
Red Barn targets control equity investments in companies with EBITDA generally between $3 million and $10 million. The firm pursues majority buyouts, recapitalizations, and growth equity structured as platform investments. It does not operate a minority investment or fund-of-funds program. Known investments include Coastline Equipment and Interstate + Lakeland Lumber, both structured as control acquisitions.
What sectors does Red Barn Equity Partners focus on?
The firm focuses on business services, niche manufacturing, value-added distribution, and consumer products. Its portfolio indicates a preference for essential, non-discretionary industries where a founder has built a durable regional market position. It has demonstrated interest in franchise-style platform roll-ups, as seen with the Coastline Equipment dealership aggregation strategy.
Does Red Barn maintain a single fund or multiple vehicles?
Red Barn's known vehicle is its debut fund, Red Barn Equity Partners I, raised concurrent with the firm's 2014 launch. The firm has not publicly announced subsequent fund closes. Its model — concentrated, single-fund, single-office — suggests a deliberately modest pace of capital deployment designed to give each platform sufficient time and operational attention.
How is Red Barn Equity Partners related to Pine Tree Equity?
Red Barn represents a spin-out from Pine Tree Equity, a Miami-based lower-middle-market firm that David Anderson co-founded in 1998 and where Cliff Moskowitz served as a partner. In 2014, both men departed Pine Tree to establish Red Barn in New York. Pine Tree continues to operate independently, managing successive funds under different leadership. The two firms share no formal relationship.
What is Red Barn's known posture on co-investments alongside external GPs?
Red Barn has not publicized a formal co-investment program for outside limited partners or peer funds. Its core activity involves direct, control-oriented equity investments rather than club deals or co-underwrites alongside other sponsors. Given its focus on proprietary origination and concentrated portfolio construction, the firm appears to favor maintaining full control over governance and value creation planning.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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