VOPNE CAPITAL, LLC

Thesis

Vopne Capital, LLC is a private equity firm founded in 2013, headquartered in Mill Valley, California. The firm focuses on acquiring, recapitalizing, and making growth equity investments in lower middle-market businesses, primarily in manufacturing and industrial services within North America. Their strategy emphasizes value creation through operational improvements and top-line growth, targeting companies with proven business models and significant growth potential, specifically those in the U.S. and Canada with an EBITDA between $2 million and $8 million. Vopne Capital generally avoids startups, retail, and oil & gas investments. The firm is currently investing out of Vopne Fund II, LP, which closed at $81 million in January 2018. As of January 2018, their AUM was approximately $101 million. Typical investment sizes range from $5 million to $25 million, with equity commitments of $10 million to $30 million per platform investment, and up to $20 million of equity capital per investment. They focus on the lower middle and middle markets, avoiding early-stage companies.