Squadron Capital

Squadron is funded by a single Chicago-based trust — the identity of which has not been publicly disclosed. This provides the firm with permanent, multi-generational capital that is not subject to the typical fund-life constraints of a closed-end private equity fund. As a result, Squadron can hold investments indefinitely and structure transactions without the pressure of a fixed exit timeline.

The firm’s stated acquisition focus is on operating companies with revenues up to $100 million. For financing transactions, Squadron can provide debt or equity of up to $150 million. This dual capability allows it to act as either a control buyer or a structured capital provider across a range of situations.

No. Squadron explicitly distinguishes itself from a conventional private equity or venture capital firm. It is a private investment vehicle funded by a trust, not a commingled fund with outside limited partners. This structure gives it greater flexibility in deal execution and a longer-term ownership horizon compared to a fund-driven manager.

Squadron employs what it describes as a decentralized governance and oversight structure. Portfolio company leadership teams are expected to grow and lead their own businesses with significant autonomy, while Squadron provides strategic support and capital. The firm’s stated expectation is that its companies become employers of choice and are philanthropically active in their communities.

Squadron invests directly into operating companies but also participates in private equity fund commitments and co-investments through an affiliated entity, Brooke Private Equity Advisors. This creates a hybrid model where the firm can access deal flow both as a direct principal and as a limited partner in external manager relationships.

The firm states that it seeks to acquire and invest in operating companies located in both the United States and abroad. Specific country or regional concentrations beyond this broad US-and-international mandate have not been publicly disclosed.

Squadron has not publicly disclosed the names or backgrounds of its principals, investment committee members, or senior leadership team. The firm conducts its operations from its headquarters in Granby, Connecticut, with the Chicago-based trust functioning as its capital source.