M-ONE CAPITAL

Thesis

M-One Capital, formerly McCarthy Capital, is a private equity firm founded in 1986 and headquartered in Omaha, Nebraska. The firm manages approximately $4.0 billion in capital, with its latest fund, M-One Capital Fund VIII, L.P., totaling $870 million. M-One Capital's core strategy is to be a value-added partner, focusing on growing businesses collaboratively with management teams, founders, and families. Their core private equity strategy targets technology-enabled business services (including SaaS, software, IT services, value-added resellers), media & communications, financial services, consumer products, and staffing. They focus on growth equity, management buyouts, and recapitalizations, primarily within the United States, making majority or minority equity investments. The typical check size for this strategy ranges from $30 million to $125 million. M-One Capital also pursues an Emerging Growth strategy, investing $5 million to $20 million in businesses with strong ARR or revenue, high growth, and recurring revenue models. Additionally, they have a real estate strategy targeting equity requirements of $10 million to $40 million for value-add real estate across various asset classes and markets. The firm rebranded to M-One Capital in 2025.