BLACK SADDLE CAPITAL PARTNERS LLC
BLACK SADDLE CAPITAL PARTNERS LLC is a Series C+, buyout, venture and debt fund in the US writing $10M–$30M checks into Enterprise, healthcare-tech, business-services and industrials.
- Stages
- Series C+, buyout, venture, debt
- Sectors
- Enterprise, healthcare-tech, business-services, industrials
- Check size
- $10M–$30M
- Invests in
- US-wide
- Actively investing
- Yes
- Founded
- 2020
- Assets under management
- $81.16M
Thesis
Black Saddle Capital Partners LLC is a Dallas-based alternative investment firm founded in 2020, specializing in secondary market transactions within the private capital space. The firm targets the lower and middle market segments of private equity, including buyout, growth, venture, and credit strategies, seeking opportunities with advantageous risk/reward profiles due to information asymmetries. They offer senior-secured Net Asset Value (NAV) loans and preferred equity, typically ranging from $10 million to $30 million with maturities of 2-4 years and interest rates of 12-18%+. These facilities are lent to the fund, General Partner (GP), or management company. Black Saddle Capital Partners partners with Lower and Middle Market (LMM) sponsors with under $1 billion in Assets Under Management (AUM), alongside family offices and holding companies. They also engage in sponsor finance, providing GP-level capital for acquisitions, follow-on investments, working capital, and commitment funding to facilitate sponsor growth without diluting LP relationships. Additionally, they offer deal-by-deal co-investment opportunities structured for aligned interests and transparency. While specific total AUM is not disclosed, their Form ADV indicates management of 9 private funds with a total gross asset value of $81.16 million as of March 31, 2026. The firm emphasizes flexibility, speed of execution, and transparency.
Common questions
Does BLACK SADDLE CAPITAL PARTNERS LLC invest at the Series C+ stage?
Yes. BLACK SADDLE CAPITAL PARTNERS LLC lists Series C+, buyout, venture and debt among the stages it invests in.
What check size does BLACK SADDLE CAPITAL PARTNERS LLC write?
BLACK SADDLE CAPITAL PARTNERS LLC writes $10M–$30M checks.
Where does BLACK SADDLE CAPITAL PARTNERS LLC invest?
BLACK SADDLE CAPITAL PARTNERS LLC invests in the US.