TUCKER'S FARM 1 LLC

Thesis

Tucker's Farm is a Bermuda-domiciled investment firm operating as a permanent capital vehicle with indefinite holding periods, focusing on long-term value creation. Founded in 1994, it has evolved into a diversified holding company with a private equity arm deploying approximately $50-$100 million of long-duration equity capital annually. The firm targets control and significant minority positions in growth-stage and mature private companies, primarily in enterprise software, financial technology, and digital health. Their strategy involves compounding cash flows through highly active M&A in the lower-middle market, focusing on rollups and buy-and-build strategies. They prioritize businesses with strong revenue quality, durability, and longevity, characterized by recurring revenue, low churn, mission criticality, a stable customer base, and a strong brand. Ideal targets have $2-$10 million in normalized operating cash flows (EBIT) and a history of profitability. Geographically, the focus is predominantly North American. They partner with institutional LPs including insurance companies, endowment managers, and family offices. The average deal size is estimated to be in the range of $10-$33 million, with annual deployment of $50-$100 million across three to four deals. The firm emphasizes a direct co-investment execution model to gain operational influence.

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