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Private Equity
We make significant minority investments in established businesses. We partner with management teams for the long term.
Backing the businesses
that endure
Our private equity strategy invests in established, profitable businesses with enterprise values between $100 million and $500 million, taking control or significant minority positions. We partner with management teams in target sectors, offering patient capital, operational expertise, and a long-term ownership approach.
Across seven funds and over 120 investments, our strategy has delivered top quartile returns for LPs, driven mainly by earnings growth and operational improvement rather than financial engineering or multiple expansion.
Fund VII closed in March 2026 with $800 million in committed capital and is now actively investing. We typically hold investments for five to ten years, but our patient capital structure allows for longer periods when appropriate.
What we
look for
We are specific and disciplined, saying no to 95% of opportunities. These standards guide us in making the right decisions.
Enterprise Value
$100M – $2B
We focus on mid to upper mid-market businesses that have established market positions and strong, sustainable economics.
Cheque Size
$100M – $1B
We offer equity investments in each platform, with co-investment opportunities available to LPs for larger transactions.
Ownership
Control / Significant minority
The board will remain actively involved and will allow flexibility in the organizational structure when management continuity is the main priority.
EBITDA
$20M+
Profitability is established, with clear potential for significant earnings growth during the holding period.
Geography
North America & Europe
We focus on mid to upper mid-market businesses that have established market positions and strong, sustainable economics.
Hold Period
5 – 10+ years
We have established a patient capital structure to support genuine long-term value creation.
Sector
Target sectors
Our focus areas include Industrials, Software, Healthcare, Energy Transition, Financial Services, and Consumer & Business Services.
Source
Founder & family-led
We have a strong preference for founder-, family-, or management-led businesses that value partnership.
Sector focus
Decades of experience
At BirdRock, each investment professional is first and foremost a sector specialist.
01
Industrials & Advanced Manufacturing
Specialty manufacturing, automation, aerospace components, industrial services.
02
Software & Technology Services
Vertical SaaS, infrastructure software, IT services, data & analytics.
03
Healthcare & Life Sciences
Provider services, health-tech, medical products, contract research.
04
Energy Transition & Infrastructure
Renewables, grid services, electrification, industrial decarbonization.
06
Consumer & Business Services
Recurring-revenue services, multi-site platforms, route-based businesses.
A snapshot of
the portfolio
This is a brief overview of current and realized private equity investments. To view more, please filter by sector or status on the full portfolio page.
Aldermere
Industrials · 2024 · CURRENT
Specialty aerospace components manufacturer.
Family owned platform acquired in partnership with the founding family; first add on closed in Q4 2024.
Northwind
Energy Transition · 2023 · CURRENT
Grid-services and renewables platform.
We supported founders in establishing a leading grid-balancing and renewable energy services company operating across Northern Europe.
Voss & Hale
Financial Services · 2022 · CURRENT
Specialty insurance underwriter.
This company was carved out from a global insurer and reestablished as an independent specialty platform under new leadership.
Stratton Bio
Healthcare · 2018 · REALIZED 2024
Specialty contract research organization.
Held for six years, the company was sold to a strategic acquirer after achieving 4.2x revenue growth and expanding successfully into Europe.
Talk to the Team
Considering a partnership?
We’re here.
If you are a founder or a member of the management team evaluating capital partners, we welcome the opportunity to speak with you.