# SBJ Capital

SBJ Capital is an Asset Manager based in Walnut Creek, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Walnut Creek, United States
- **Region:** North America
- **Address:** 2001 North Main St, Suite 650, Walnut Creek, CA 94596, United States
- **Founded:** 1999
- **Assets under management:** $537mm+ (per firm website, 2026)
- **Website:** www.sbjcap.com
- **LinkedIn:** https://www.linkedin.com/company/sbjcapital

## Regulatory record

- **CRD number:** 293841
- **SEC file number:** 801-126318
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/293841

## About

SBJ Capital is a private investment firm with more than $700 million of capital under management, focused on investing in founder and family-owned consumer and services companies. SBJ provides thoughtful strategic advice, domain expertise and a partnership-oriented approach to support the goals of entrepreneurs, owners and management teams. SBJ was founded by an experienced team of professionals with a track record of growing companies both as principal investors and as operating executives.

## Sectors

- Business Services
- Consumer
- Healthcare
- Tech-Enabled Services

## Offices

- San Diego, CA, United States
- Minneapolis, MN, United States

## People

- Tom Barber — Managing Director
- Matt Cole — Managing Director
- Bill Jesse — Managing Director
- Ben Landis — Managing Director
- Nicolas Lopez — Managing Director
- Bhairvee Shavdia — Managing Director
- Gus Spanos — Managing Director

## Questions

### What is SBJ Elevation and how does it differ from the buyout fund?

SBJ Elevation is the firm's flexible capital strategy, investing mezzanine debt and equity into U.S. businesses seeking growth capital or one-stop recapitalizations. Unlike the control buyout fund — which acquires majority stakes — Elevation provides minority-structured capital for companies with $10 million to $100 million in revenue, deploying $5 million to $40 million per investment. It also developed the Elevating Jobs Framework, an in-house tool for improving workplace quality at portfolio companies.

### What investment criteria does SBJ Capital apply for buyout deals?

For its control buyout strategy, SBJ Capital targets U.S.-based businesses with $15 million to $100 million in revenue, $4 million to $15 million in EBITDA, and equity investments of $10 million to $50 million. Target sectors include business services (commercial, residential, facility, and compliance services) and consumer (products, food and beverage, contract manufacturing, and foodservice).

### Does SBJ Capital invest outside the United States?

No. SBJ Capital's buyout and flexible capital strategies are explicitly focused on U.S.-based businesses. The firm's three offices — Northern California, Southern California, and Minneapolis — reflect this domestic-only mandate. No international investments appear in its 23 completed deals.

### What is the Elevating Jobs Framework developed by SBJ Capital?

The Elevating Jobs Framework is a proprietary tool created by SBJ Elevation, the firm's flexible capital arm, to help portfolio companies improve workplace quality. The framework is customized for each business and focuses on job quality for frontline workers. It is part of the operational resources the firm provides alongside capital, reinforcing its pitch as a value-added partner rather than a passive financial investor.

### How is SBJ Capital different from other lower-middle-market buyout firms?

SBJ Capital runs a dual-structure strategy — control buyouts and mezzanine/flexible capital — within the same generalist fund, allowing it to pivot between majority and minority deals depending on what a founder or family business needs. It also operates without a hierarchical CIO model, with eight Managing Directors sharing investment authority. The firm's deliberate focus on founder-led businesses and its in-house talent and growth-strategy team push the value proposition toward operational involvement rather than pure financial engineering.

## Related profiles

- [SBI Ventures Malaysia](https://altss.com/profile/sbi-ventures-malaysia)
- [SBK Tech Ventures](https://altss.com/profile/sbk-tech-ventures)

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

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