MADISON RIVER CAPITAL LLC
MADISON RIVER CAPITAL LLC is a Series C+ and buyout fund in the US writing $15M–$60M checks into healthcare-services, industrials, business-services and data-centers.
- Stages
- Series C+, buyout
- Sectors
- healthcare-services, industrials, business-services, data-centers
- Check size
- $15M–$60M
- Invests in
- US-wide
- Actively investing
- Yes
- Founded
- 2022
- Assets under management
- $1.26B
Thesis
Madison River Capital LLC (MRC) is a private equity firm founded in 2022 and headquartered in New York, NY. Emerging from a spin-out of Jefferson River Capital's corporate private equity team, MRC focuses on the lower middle market, executing control buyouts and growth capital investments. Their strategy involves acquiring or partnering with companies to provide strategic capital and operational resources to overcome growth hurdles and achieve long-term success. Key focus sectors include Healthcare Services (especially areas with supply-demand gaps), Industrials (with a specific interest in data center growth and energy needs), and Business Services. MRC typically targets companies with less than $20 million in EBITDA and seeks to invest between $15 million to $60 million in equity per deal. The firm closed its inaugural fund, Madison River Capital Fund I, at over $370 million in February 2025 and had approximately $1.26 billion in regulatory AUM as of December 31, 2025.
Common questions
Does MADISON RIVER CAPITAL LLC invest at the Series C+ stage?
Yes. MADISON RIVER CAPITAL LLC lists Series C+ and buyout among the stages it invests in.
What check size does MADISON RIVER CAPITAL LLC write?
MADISON RIVER CAPITAL LLC writes $15M–$60M checks.
Where does MADISON RIVER CAPITAL LLC invest?
MADISON RIVER CAPITAL LLC invests in the US.