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TJC
TJC is a private equity firm that specializes in buying and building businesses in partnership with management. The firm celebrated its 40th anniversary in...
TJC
TJC is a private equity firm that specializes in buying and building businesses in partnership with management. The firm celebrated its 40th anniversary in 2022. Its senior investment professionals have worked together for 24+ years.
General information
Firm type
Private Equity
Year founded
1982
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.
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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