Superstep Capital

Stuart Coleman and Ben Gaddis co-founded the firm and serve as Managing Partner and Partner, respectively. David Kilimnik, the founder and former CEO of Hero Digital, is also a Partner. All three bring direct operating experience at the CEO or corporate-development level in scaled digital services businesses. This operator-heavy leadership structure means investment decisions are made by partners who have previously built and sold services companies, not career financiers alone.

The firm's sourcing relies on the deep industry networks of its operator-partners, who have spent decades inside the digital services ecosystem as CEOs and M&A leads. Because the firm exclusively targets a narrow band — $10–40 million revenue technology services companies — its brand and referrals among founder networks generate proprietary, off-market opportunities. The team's prior experience scaling and exiting Hero Digital, T3, and other firms gives them access to a concentrated referral pipeline that generalist PE firms do not see.

Superstep Capital pursues a mix of control buyouts, recapitalizations, and minority growth equity, which is broader than a pure buyout mandate but more concentrated than a venture firm. Its flexible structure allows it to tailor transactions to founder and management team desires — taking a minority position where appropriate or a full buyout when the operational playbook demands full control. The firm emphasizes a small portfolio so leadership can stay deeply engaged with each company.

The firm targets platform companies generating $10–40 million in revenue, typically with healthy EBITDA margins. It does not publicly detail a standard check size or co-investment preference, but its concentrated portfolio model and operator-led style suggest a high-touch, sponsor-heavy role rather than passive minority participation alongside external GPs. The firm’s own materials emphasize alignment and closeness to management, which favors strong ownership stakes and limited, if any, passive co-investment.

The firm’s founders built their careers inside digital services companies and saw the gaps that generalist PE ownership created. They started Superstep to be the specialized partner they wanted as operators: one that understands utilization economics, GTM scaling, alliance development, and talent strategy without a learning curve. This exclusive focus means every playbook, operating partner, and connection is purpose-built for services firms, compressing the time to value for portfolio companies.