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TJC
TJC, the middle-market buyout firm formerly known as The Jordan Company, manages over $25 billion in cumulative commitments from its New York base.
TJC
TJC was founded in 1982 by John W. "Jay" Jordan II as The Jordan Company, an operationally intensive private equity firm focused on the middle market. Over four decades, the partnership transitioned leadership to a next generation of managing partners, including Co-CEOs Paul Sprague and Erik Fagan, while retaining a concentrated exposure to North American companies with enterprise values typically between $500 million and $2.5 billion. The firm rebranded to TJC in 2023, signaling the institutionalization of a platform that had long outgrown its founder-centric identity. The firm deploys capital across industrials, transportation and logistics, technology and software, and healthcare services. TJC structures majority buyouts, corporate carve-outs, and public-to-private transactions, with a track record of converting founder-owned businesses into professionally managed platforms. Confirmed portfolio holdings have included Amerit Fleet Solutions, a provider of outsourced fleet maintenance, and a controlling stake in EIS, an electrical components distributor. The firm sources deals primarily through a proprietary network of operators and intermediaries, emphasizing off-auction processes that require patience and relationship capital rather than competitive bidding wars. TJC operates from its New York headquarters and has raised successive institutional funds, culminating in Resolute Fund VI, which closed at $6.8 billion in commitments in 2023 (per the firm, 2023). The investor base includes public pension funds, endowments, foundations, and sovereign wealth funds. The firm maintains an in-house operating group that embeds former CEOs and industry specialists into diligence and post-close value creation plans, a deliberate structural choice that differentiates its deployment model from financial-engineering approaches more common among larger-cap peers. The partnership's structural differentiator is its formalized operating affiliate model. TJC does not rely solely on third-party consulting rotations or junior operating partners; it employs a dedicated group of seasoned executives who take board seats and interim management roles as needed. This architecture allows TJC to execute complex carve-outs and founder transitions where the incoming management quality determines whether the thesis survives the first six months of ownership.
General information
Firm type
Private Equity
Year founded
1982
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Paul Sprague
Co-Chief Executive Officer
Erik Fagan
Co-Chief Executive Officer
Sector focus
Frequently asked questions
Who runs investment decisions at TJC?
Co-Chief Executive Officers Paul Sprague and Erik Fagan lead the firm alongside a partnership group that includes senior managing directors across the industrials, technology, and healthcare verticals. Investment committee decisions require consensus from a subset of senior partners, a governance structure designed to maintain alignment across a partnership that has worked together for decades.
How does TJC source proprietary deal flow?
TJC sources the majority of its transactions through a proprietary network of former operators, industry executives, and long-standing intermediary relationships, targeting founder- and family-owned businesses that are not broadly auctioned. The firm's operating affiliate group deepens this advantage by surfacing opportunities through executives who have previously served as TJC portfolio company CEOs.
Does TJC participate in fund commitments or only direct deals?
TJC primarily executes direct control equity investments. The firm does not operate a fund-of-funds program, though its limited partners include institutional allocators that make both fund commitments and co-investments alongside TJC vehicles.
What investment stages does TJC typically target?
TJC targets mature, cash-flow-positive businesses in the North American middle market, typically with enterprise values between $500 million and $2.5 billion. The firm executes majority buyouts, corporate carve-outs, and public-to-private transactions, avoiding early-stage venture and minority growth equity.
Which sectors does TJC explicitly avoid?
TJC has historically avoided consumer discretionary, media, and financial services, concentrating instead on industrials, transportation and logistics, technology and software, and healthcare services. The partnership has demonstrated a willingness to remain sector-concentrated rather than pursue generalist expansion.
How is TJC related to The Jordan Company?
TJC is the direct successor to The Jordan Company, founded by Jay Jordan in 1982. The firm rebranded to TJC in 2023 upon the closing of Resolute Fund VI, reflecting the transition of leadership to a partnership group that no longer includes the founder in day-to-day management.
What is TJC's known posture on co-investments alongside external GPs?
TJC accommodates limited partner co-investment requests on a deal-by-deal basis, a standard practice among middle-market firms seeking to deepen institutional relationships without diluting economics. The firm does not syndicate minority stakes as a strategic co-investment partner for other sponsors.
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