Windjammer Capital Investors

Managing Directors Greg Moyer and Craig Majernik have led the firm's investment committee and strategic direction since the 1990s. The senior partnership operates with a flat structure, where control equity decisions across the industrial, technology, and healthcare portfolios require consensus among the managing directors. The firm maintains a lean senior team relative to its deployment volume, with no external parent entity or investment board overriding internal decisions.

Windjammer focuses on the lower middle market, targeting North American companies with EBITDA between $10 million and $50 million and revenue generally ranging from $100 million to $500 million. The firm writes equity checks of $50 million to $150 million per platform investment, using moderate leverage. It typically acquires 100% control stakes or majority positions in founder-owned businesses, corporate carveouts, and family enterprises.

Windjammer relies on a proprietary origination model built over three decades of relationships with intermediaries, regional investment banks, and former portfolio company executives. The firm's dual-office structure in Newport Beach and Waltham gives it coverage across both the West Coast technology corridor and the traditional industrial base of the Northeast and Midwest. It emphasizes cold-call-free, intermediary-partnered sourcing that yields off-market and limited-auction transactions, especially in situations involving founder succession or corporate divestitures.

Windjammer is an independent institutional private equity firm, not a family office. It manages committed capital from a base of institutional limited partners — including public pension funds, university endowments, and fund-of-funds — rather than a single family's wealth. The firm has no wealth-origin anchor and operates as a traditional blind-pool fund manager.

Yes. Windjammer has a history of offering co-investment opportunities to its limited partners alongside its main fund commitments. This allows LPs to increase their exposure to specific platform investments without additional management fees or carried interest on the co-invested capital. The practice is consistent with the firm's long-tenured institutional LP base and has been part of multiple fund vintages.

Windjammer does not maintain a publicly disclosed philanthropic foundation, impact fund, or adjacent operating business tied to its investment platform. The firm's structure is narrowly focused on its flagship buyout funds, with no separately branded seed-stage or credit vehicles. This singular focus is unusual among PE firms that have raised their sixth institutional fund and reflects the partners' preference for operating without fund-line proliferation.

Windjammer explicitly avoids real estate, natural resources, financial services, and biotechnology. The firm's stated expertise lies in industrial technology, enterprise software, and healthcare services — and it does not chase sectors outside this triangle even when they offer high headline growth. Portfolio companies are concentrated in businesses where the firm believes its in-house operating partners can influence post-acquisition outcomes through management augmentation rather than market-timing.