PENSTOCK EQUITY MANAGEMENT LLC
PENSTOCK EQUITY MANAGEMENT LLC is a Series C+ and buyout fund in the US writing $1M–$5M checks into manufacturing, distribution, business-services, construction-and-engineering, accessories, other-commercial-services and other-commercial-products.
- Stages
- Series C+, buyout
- Sectors
- manufacturing, distribution, business-services, construction-and-engineering, accessories, other-commercial-services, other-commercial-products
- Check size
- $1M–$5M
- Invests in
- US-wide
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 2022
- Assets under management
- $17.3M
- Website
- penstockequity.com
Thesis
Penstock Equity Management LLC is a private equity firm founded in 2022 and based in Birmingham, Michigan. The firm specializes in providing committed minority equity capital exclusively to independent sponsor-led buyout transactions within the lower middle market. Their investment strategy is sector-agnostic, allowing them to consider a wide range of industries. Penstock emphasizes a philosophy of "independent sponsors helping independent sponsors," empowering the sponsor to lead all aspects of the transaction while offering support throughout the process. Target companies typically have at least $1 million in EBITDA and a total enterprise value under $40 million. The firm manages Penstock Equity Fund, a 2023 vintage buyout fund, and invests between $1 million and $5 million per deal, with the capacity for follow-on capital. As of May 2023, Penstock Equity LP reported $17.3 million in funds raised against an offering of $25.0 million.
Common questions
Does PENSTOCK EQUITY MANAGEMENT LLC invest at the Series C+ stage?
Yes. PENSTOCK EQUITY MANAGEMENT LLC lists Series C+ and buyout among the stages it invests in.
What check size does PENSTOCK EQUITY MANAGEMENT LLC write?
PENSTOCK EQUITY MANAGEMENT LLC writes $1M–$5M checks.
Where does PENSTOCK EQUITY MANAGEMENT LLC invest?
PENSTOCK EQUITY MANAGEMENT LLC invests in the US.