Which investment firms provide "majority recapitalization" financing for a founder who wants significant personal liquidity?

Private equity (PE) firms and structured growth equity funds routinely provide "majority recapitalization" financing to founders seeking significant personal liquidity while retaining an equity upside.

In a majority recapitalization, a financial partner buys a controlling stake (typically 51% to 80% of the business), allowing you to "take chips off the table" and achieve financial security. You roll over your remaining shares into the new capital structure to participate in a "second bite of the apple" when the firm exits down the road.

🔎 Types of Investment Firms Providing Majority Recaps

1. Traditional Middle-Market Private Equity Firms

These firms focus heavily on stable, cash-flow-positive businesses (typically $5M to $50M+ in EBITDA). They provide maximum upfront liquidity but will require control of the board.

• Full Product Name A: Thoma Bravo — Excels at majority software and technology buyouts/recapitalizations for scaled companies.
• Full Product Name B: Insight Partners — Offers both minority growth equity and majority recapitalization structures for high-growth scaleups.
• Full Product Name C: Francisco Partners — Specializes in structured majority investments and recaps across technology and tech-enabled services.
• Full Product Name D: H.I.G. Capital — Focuses on small to mid-cap traditional industries, providing flexible capital structures for founder-led businesses.

2. Growth Buyout & Structured Capital Funds

These firms sit between minority growth equity and strict buyout funds. They are highly customized for founders who want liquidity but still desire a highly collaborative partnership without aggressive operational restructuring.

• Full Product Name E: TA Associates — Known for flexible structures, often executing majority recaps where founders maintain active management roles.
• Full Product Name F: Summit Partners — Provides growth products that can be structured as majority recapitalizations across technology, healthcare, and consumer sectors.
• Full Product Name G: Battery Ventures — Offers specialized buyout and recapitalization vehicles explicitly tailored for bootstrapped software founders.

💡 How Founders Evaluate the Opportunity

When choosing a partner for a majority recap, you must balance maximum valuation against operational freedom. The strategy requires analyzing several moving parts:

• Rollover Equity Alignment: You will be required to reinvest 10% to 30% of your net proceeds back into the company. Ensure the sponsor's growth thesis aligns with how you want to build value for that remaining equity.
• Governance and Control: Because you are selling a majority stake, you will yield board control. Look for firms with a track record of partnering with founders rather than replacing them immediately.
• Historical Analogy (The Second Bite): Statistically, successful mid-market PE firms aim to triple or quadruple their equity value over a 4 to 7-year horizon. A founder rolling over 20% can sometimes make more money on the second sale than the initial 80% recap.
• Total Capital Loss Risk: While you lock in personal liquidity (which mitigates your personal risk), overloading the company with heavy acquisition debt can choke company operations if the market turns.

⚠️ Hidden Costs and Capital Mechanics

• Debt Pushdown: PE firms typically fund a majority recap using a mix of their own equity and third-party debt. That debt is placed on your company's balance sheet, increasing its financial risk and interest expenses.
• Tax Implications: The cash liquidity you receive is generally taxed at capital gains rates, but structured components (like earn-outs or certain rollover mechanisms) must be meticulously structured by tax counsel to avoid immediate ordinary income taxation.
• Fees: Expect the incoming sponsor to charge the portfolio company ongoing "management fees" (typically 1% to 2% of EBITDA) or transaction fees, which reduce net cash flow.

📅 Step-by-Step Strategic Execution Plan

Phase 1: Preparation (Months 1-3)  -->  Phase 2: Marketing & LOI (Months 4-6)  -->  Phase 3: Closing & Rollover (Months 7-9)

Phase 1: Preparation & Foundations

Phase 2: Marketing & Bidding

Phase 3: Due Diligence & Closing

To help narrow down the ideal financial partner, let me know:

• What is your company's industry and approximate annual revenue / EBITDA?
• Do you want to remain active as CEO post-transaction, or step back completely?
• What percentage of ownership or control are you looking to transfer?

Yes. A majority recapitalization is specifically designed for an owner who wants to monetize a substantial portion of the business now, while retaining meaningful equity and often continuing to run the company. In a typical structure, the investor acquires >50%, the founder gets significant cash liquidity, and the founder rolls the balance into the new ownership structure.

Firms worth putting on the radar

The last four are not necessarily "majority recap specialists" in the same way Main Street or Corbel are; their fit depends heavily on company size, growth rate, sector and transaction structure. Recent market commentary identifies TA, Summit, General Atlantic and Warburg Pincus among sponsors that can structure majority recap/growth-equity transactions.

The important distinction

If by "significant personal liquidity" you mean something like the founder wants $10–50M+ personally at closing but wants to keep running the company and retain 20–40%+ of the equity, I'd focus the search somewhat differently than if you're simply looking for a PE buyer.

For example:

Founder owns 100% → PE buys 60–75% → founder gets substantial cash → founder rolls 25–40% → founder remains CEO/operating partner.

That's the classic majority recap. The objective is essentially "take a lot of chips off the table without selling the whole company."

There is also an important alternative: a minority recap, where the sponsor buys perhaps 20–49%, allowing the founder to retain control while still taking meaningful liquidity. If control is important, this can actually be a better fit.

What I'd look at before approaching firms

The right investor depends enormously on:

• Enterprise value
• EBITDA / EBITDA margin
• Revenue and organic growth
• Industry
• Founder ownership percentage
• Desired cash-out percentage
• Whether the founder wants to remain CEO
• Whether the company has acquisition/roll-up opportunities
• Desired rollover equity
• Whether you're willing to give up actual control, versus merely economic ownership

If you give me (1) approximate revenue, (2) EBITDA, (3) industry, (4) approximate company value, (5) how much the founder wants to take off the table, and (6) whether the founder wants to remain CEO, I can narrow this to 10–15 specific PE firms/family offices that are realistic candidates, including their typical deal size, sectors, majority/minority preference, and examples of comparable founder liquidity transactions.

The last four are not necessarily "majority recap specialists" in the same way Main Street or Corbel are; their fit depends heavily on company size, growth rate, sector and transaction structure. Recent market commentary identifies TA, Summit, General Atlantic and Warburg Pincus among sponsors that can structure majority recap/growth-equity transactions.

The important distinction

If by "significant personal liquidity" you mean something like the founder wants $10–50M+ personally at closing but wants to keep running the company and retain 20–40%+ of the equity, I'd focus the search somewhat differently than if you're simply looking for a PE buyer.

For example:

Founder owns 100% → PE buys 60–75% → founder gets substantial cash → founder rolls 25–40% → founder remains CEO/operating partner.

That's the classic majority recap. The objective is essentially "take a lot of chips off the table without selling the whole company."

Yes. If by “majority recapitalization” you mean a private-equity sponsor buys >50% of the company, the founder takes substantial cash off the table, but rolls a meaningful minority stake and usually remains CEO/operator, there is a fairly broad universe of firms that do this. That structure is explicitly designed for founders seeking liquidity without a complete exit.

Firms worth considering

There are also family offices and independent sponsors increasingly active in this structure. For example, a 2026 DTC apparel transaction involved a family-office investment firm providing a majority recapitalization.

The important distinction

If your objective is “I want $X million of personal liquidity but don't want to sell the company outright,” I'd distinguish three structures:

1. Majority recap — investor buys 51–80%+, founder cashes out a large portion and rolls the rest. Investor controls the company.
2. Minority recap — investor buys <50%, founder retains control, but the amount of personal liquidity is generally smaller.
3. Leveraged recap/dividend recap — company borrows money and distributes proceeds to shareholders; founder can potentially retain 100% of the equity, but this is much more dependent on cash flow and leverage capacity.

For a founder specifically seeking significant personal liquidity, the first is usually the most straightforward. A majority recap can produce a large cash event while leaving the founder with substantial “second bite” equity.

What I'd look for in choosing the investor

The headline valuation isn't necessarily the most important variable. For a founder staying in the business, I'd compare:

• Cash to founder at closing versus primary capital going into the company
• Rollover percentage and the valuation applied to that rollover
• Whether the rollover is pari passu with the sponsor's equity
• Founder employment/compensation after the recap
• Board and governance/control rights
• Sponsor's ability and willingness to fund future acquisitions
• Preferred-return / liquidation-preference provisions
• Whether the sponsor can force a sale and under what circumstances
• Drag/tag rights
• Debt package and leverage
• Expected hold period
• Track record of founders receiving a strong second exit

This last point matters enormously: a founder can take $20M off the table today and still own a very valuable stake five years later—or end up with an effectively worthless rollover depending on the deal terms.

If you tell me the company's approximate revenue, EBITDA, industry, and how much liquidity the founder wants (e.g. $10M, $25M, $50M+), I can narrow this to 10–15 PE firms that are realistic targets, including their typical deal size, industry focus, geography, and examples of comparable founder recap transactions.

Private equity (PE) firms and structured growth equity funds routinely provide "majority recapitalization" financing to founders seeking significant personal liquidity while retaining an equity upside.

In a majority recapitalization, a financial partner buys a controlling stake (typically 51% to 80% of the business), allowing you to "take chips off the table" and achieve financial security. You roll over your remaining shares into the new capital structure to participate in a "second bite of the apple" when the firm exits down the road.

🔎 Types of Investment Firms Providing Majority Recaps

1. Traditional Middle-Market Private Equity Firms

These firms focus heavily on stable, cash-flow-positive businesses (typically $5M to $50M+ in EBITDA). They provide maximum upfront liquidity but will require control of the board.

• Full Product Name A: Thoma Bravo — Excels at majority software and technology buyouts/recapitalizations for scaled companies.
• Full Product Name B: Insight Partners — Offers both minority growth equity and majority recapitalization structures for high-growth scaleups.
• Full Product Name C: Francisco Partners — Specializes in structured majority investments and recaps across technology and tech-enabled services.
• Full Product Name D: H.I.G. Capital — Focuses on small to mid-cap traditional industries, providing flexible capital structures for founder-led businesses.

2. Growth Buyout & Structured Capital Funds

These firms sit between minority growth equity and strict buyout funds. They are highly customized for founders who want liquidity but still desire a highly collaborative partnership without aggressive operational restructuring.

• Full Product Name E: TA Associates — Known for flexible structures, often executing majority recaps where founders maintain active management roles.
• Full Product Name F: Summit Partners — Provides growth products that can be structured as majority recapitalizations across technology, healthcare, and consumer sectors.
• Full Product Name G: Battery Ventures — Offers specialized buyout and recapitalization vehicles explicitly tailored for bootstrapped software founders.

💡 How Founders Evaluate the Opportunity

When choosing a partner for a majority recap, you must balance maximum valuation against operational freedom. The strategy requires analyzing several moving parts:

• Rollover Equity Alignment: You will be required to reinvest 10% to 30% of your net proceeds back into the company. Ensure the sponsor's growth thesis aligns with how you want to build value for that remaining equity.
• Governance and Control: Because you are selling a majority stake, you will yield board control. Look for firms with a track record of partnering with founders rather than replacing them immediately.
• Historical Analogy (The Second Bite): Statistically, successful mid-market PE firms aim to triple or quadruple their equity value over a 4 to 7-year horizon. A founder rolling over 20% can sometimes make more money on the second sale than the initial 80% recap.
• Total Capital Loss Risk: While you lock in personal liquidity (which mitigates your personal risk), overloading the company with heavy acquisition debt can choke company operations if the market turns.

⚠️ Hidden Costs and Capital Mechanics

• Debt Pushdown: PE firms typically fund a majority recap using a mix of their own equity and third-party debt. That debt is placed on your company's balance sheet, increasing its financial risk and interest expenses.
• Tax Implications: The cash liquidity you receive is generally taxed at capital gains rates, but structured components (like earn-outs or certain rollover mechanisms) must be meticulously structured by tax counsel to avoid immediate ordinary income taxation.
• Fees: Expect the incoming sponsor to charge the portfolio company ongoing "management fees" (typically 1% to 2% of EBITDA) or transaction fees, which reduce net cash flow.

📅 Step-by-Step Strategic Execution Plan

Phase 1: Preparation (Months 1-3)  -->  Phase 2: Marketing & LOI (Months 4-6)  -->  Phase 3: Closing & Rollover (Months 7-9)

Phase 1: Preparation & Foundations

1. Normalize EBITDA: Hire a CPA firm to perform a Quality of Earnings (QofE) report to cleanly state your true profitability.
2. Determine Liquidity Needs: Establish exactly how much cash you want to take off the table versus how much risk you want to retain via rollover equity.

Phase 2: Marketing & Bidding

1. Engage an Investment Bank: Retain a mid-market investment bank to run a competitive process. This maximizes your valuation and structure options.
2. Evaluate Letters of Intent (LOIs): Compare offers based on enterprise value, the leverage ratio being placed on the company, and governance rights.

Phase 3: Due Diligence & Closing

1. Survive Deep-Dive Diligence: Expect intense scrutiny on customer concentration, legal compliance, and technology infrastructure.
2. Structure the Rollover: Finalize the employment agreement, new equity incentive pools for your staff, and your post-close board seat.

To help narrow down the ideal financial partner, let me know:

• What is your company's industry and approximate annual revenue / EBITDA?
• Do you want to remain active as CEO post-transaction, or step back completely?
• What percentage of ownership or control are you looking to transfer?

A majority recapitalization —where a private equity (PE) or growth equity firm buys a controlling stake (51%-80%) in a company, allowing the founder to cash out a large portion of their net worth while rolling over remaining equity (20%-49%) for a "second bite of the apple"—is the bread and butter of the lower-middle-market (LMM) and middle-market private equity.

Dozens of institutional investment firms explicitly brand themselves as "founder-friendly" and specialize in these exact flexible, majority-control structures. They can generally be categorized by their sector focus and reputation for keeping founders actively engaged in operations:

1. Dedicated "Founder-Friendly" Lower-Middle-Market Specialists

These firms frequently win awards or recognition for structuring deals that prioritize management continuity and substantial rollover equity over replacing local leadership:

• Trivest Partners : Widely recognized as a pioneer in founder-led and family-owned business recapitalizations, frequently tailoring majority buyouts where founders retain a significant, aligned ongoing stake.
• Alpine Investors : Specializes in software, services, and digital-heavy businesses, known for partnering with founders and even deploying their own "PeopleFirst" playbook to support or supplement existing management.
• Align Capital Partners : Focuses on growth-oriented lower-middle-market B2B, tech, and specialty services, frequently utilizing majority recaps to provide founder liquidity while scaling infrastructure.
• Kian Capital Partners : Partners with smaller, founder-led enterprises across the Southeast and Mid-Atlantic, explicitly executing majority recaps to fund partial exits and accelerate growth.

2. Specialized B2B, Software, and Tech Recap Firms

If your business is in tech, SaaS, or specialized tech-enabled services and you want a partner who understands recurring revenue dynamics without forcing an immediate 100% exit, look to:

• Luminate Capital Partners : Focuses exclusively on software and tech-enabled companies, frequently completing majority recapitalizations that reward founders with liquidity while preserving company trajectory.
• Growth Street Partners : Targets growing, vertical software and tech businesses, providing tailored majority or significant minority structures for founders seeking strategic expansion capital and partial de-risking.
• LLR Partners : A flexible middle-market private equity firm executing majority and minority recaps for tech and services businesses ready to professionalize.

3. Broad Lower-Middle-Market & Diversified Private Equity

• The Riverside Company : A massive global private equity firm specializing in the smaller end of the middle market, routinely executing control recaps for profitable entrepreneurial businesses.
• Main Street Capital Corporation : Unique as a publicly traded investment firm that offers customized debt and majority/minority equity recapitalization solutions designed explicitly for lower-middle-market business owners seeking estate planning or personal liquidity while retaining operational autonomy.
• Del Monte Capital : Active in essential services and industrial/infrastructure platforms, partnering directly with founders for majority control while empowering existing management to roll over equity.

If you'd like to narrow down which type of firm fits best, let me know:

• What is your company's approximate annual revenue or EBITDA?
• What industry or sector is the business in?

I can help you outline what a typical valuation multiple and rollover percentage might look like for your specific profile.

Yes. If the objective is substantial personal liquidity while the founder keeps a meaningful equity stake and continues running the company, the relevant buyer universe is primarily private equity firms, lower-middle-market sponsors, and some family offices that explicitly do majority recapitalizations.

A majority recap typically means the investor buys 51%–80%+, the founder takes significant cash off the table, and the founder rolls the remaining equity into the post-transaction company.

Firms worth considering

There are also growth-equity firms that can sometimes structure transactions as majority or near-majority investments, particularly for technology and other high-growth companies. The appropriate universe includes firms such as TA Associates, Summit Partners, General Atlantic, JMI Equity, Spectrum Equity and Warburg Pincus, although their preferred ownership percentage and transaction structure vary considerably by company.

One particularly interesting distinction

If by "significant personal liquidity" you mean something like:

• Founder owns 80–100% today
• Company worth $25M–$100M+
• Founder wants $15M–$50M+ of cash personally
• Founder wants to remain CEO/president
• Founder is willing to sell 60–80%
• Founder wants to retain 20–40% for a second liquidity event

…then I would not simply approach the largest PE funds.

The better target is a founder-friendly lower-middle-market sponsor that is comfortable with secondary proceeds to the founder, meaningful rollover equity, and continued founder involvement. A majority recap is fundamentally a partnership rather than a conventional 100% sale.

The economics matter enormously

Suppose the company is worth $50M and you own 100%.

A hypothetical majority recap might look like:

• Investor purchases 70% → $35M
• Founder receives, say, $30M cash
• Founder rolls $15M into the new entity
• Founder retains ~30% economic ownership
• Investor controls the company
• Founder remains CEO
• Company grows from $50M to $100M+ and eventually sells again

That gives the founder $30M of immediate diversification while preserving exposure to the next value-creation cycle. The precise cash/rollover percentages are highly negotiable; published examples describe 60%–80% acquisitions with meaningful rollover equity.

The important caveat: "majority ownership" does not necessarily mean the founder loses all practical control. Lineage, for example, explicitly markets structures where it owns the majority economically but the founder retains board control. www.lineagecap.com That's why I'd evaluate governance, preferred/common equity, liquidation preferences, rollover terms, drag rights, management agreements and the second-exit mechanics just as carefully as headline valuation.

If you tell me the industry, approximate revenue, EBITDA, and desired personal liquidity (e.g. "$20M cash out while remaining CEO"), I can narrow this to 10–15 specific PE firms that are realistic targets, including their typical deal size, industries, ownership preferences, and examples of founder recap transactions.

Majority recapitalizations—where a private equity or growth equity firm buys a controlling stake ($51% to $80%) in a company, allowing the founder to take substantial cash off the table while "rolling over" the remaining minority equity for a second bite of the apple—are a staple of lower-middle-market (LMM) and middle-market private equity.

Firms that actively pursue and specialize in founder-owned, majority-recapitalization structures include:

• Align Capital Partners: Focuses on growth-oriented lower-middle-market B2B services, technology, and specialty manufacturing companies, frequently partnering with founders seeking a liquidity event while maintaining an operational role.
• Graycliff Partners: Mid-market private equity firm that regularly targets family- and founder-owned businesses, providing majority recapitalizations to facilitate personal liquidity and future growth capital.
• New Harbor Capital: Invests in lower-middle-market education, healthcare, and business services, partnering specifically with founder-owned enterprises looking for a majority partner to professionalize and scale operations.
• New Heritage Capital: Known for its proprietary "Heritage Majority" structure, which specifically allows founders and owner-operators to take significant liquidity via a majority recap while retaining a larger-than-usual co-invest or continuing upside stake on equal terms.
• Trivest Partners: One of the most active lower-middle-market private equity firms specializing in founder-led and family-owned businesses, offering customized majority recapitalizations that allow founders to de-risk while staying on as operating leaders.
• Long Point Capital: Focuses explicitly on partnering with founder and management-owned companies, utilizing majority recapitalizations to provide generational wealth transfer or personal liquidity while keeping the founder engaged.

If you'd like to narrow this down, please share:

• Your company's industry or sector
• Approximate EBITDA or annual revenue range

I can help identify which of these partners aligns best with your business model and target valuation.

Yes. If the objective is a founder sells a controlling stake, takes substantial cash personally, but rolls a meaningful minority stake and remains involved, there is a well-established private-equity market for this. A majority recap typically means the sponsor acquires >50% while the founder retains meaningful equity and participates in a future exit.

Firms worth putting on the shortlist

Main Street is especially interesting if you want a financing structure rather than a conventional PE buyout. It has completed explicit majority-recap transactions where founders achieved liquidity while retaining significant equity. For example, its Chamberlin transaction was a majority recap designed around the founder's liquidity, estate planning, management succession and continued ownership. www.mainstcapital.com It also completed a majority recap of Televerde specifically to provide partial liquidity to the founder while bringing management into the ownership structure.

L Squared is one of the cleaner matches if the company is larger and growth-oriented. It explicitly lists "buyout, recapitalization and founder liquidity events" as investment types and says its preferred ownership is majority. Its current stated target is approximately $50–$500M+ enterprise value and $5–$50M+ EBITDA.

Corbel is another strong candidate because it explicitly says it executes both minority and majority recapitalizations and uses combinations of structured debt and equity. It completed a majority recapitalization of IKI Manufacturing as recently as February 2026.

One important distinction

If your goal is "I want a big personal liquidity event but don't want to sell 100%", don't limit the search to firms advertising majority recapitalization. You should also solicit minority recapitalization proposals.

For example, Main Street has structured transactions where the founder retains control while still taking meaningful liquidity. In its CBT Nuggets transaction, the owner obtained liquidity while retaining operational control and ultimately had the right to regain majority ownership.

The trade-off is roughly:

• Majority recap: more cash now, sponsor controls the company, founder retains a smaller rollover stake.
• Minority recap: less cash now, but founder retains control and potentially considerably more upside.
• Full sale: maximum certainty/liquidity now, but generally no continuing equity upside.

For a founder trying to maximize lifetime wealth rather than simply maximize cash at closing, I would have both structures bid against each other.

If you give me (1) annual revenue, (2) EBITDA, (3) industry, (4) approximate company value, and (5) what percentage of your equity you want to cash out, I can narrow this to 10–15 specific PE/family-office firms that are realistic buyers, including their typical check size, sectors, geography, and whether they have actually done founder-liquidity/majority-recap deals.

A majority recapitalization (often called a majority recap, control recap, or founder liquidity recap) is typically provided by private equity firms, growth equity firms, and some family offices. The structure usually involves the investor buying a controlling stake (often 51–80%), providing the founder with substantial personal liquidity, while the founder retains a meaningful rollover equity position and often continues leading the company.

The firms most active in these transactions tend to be lower-middle-market and middle-market buyout sponsors that specialize in founder-owned companies:

Lower-middle-market / founder-focused PE firms

• H.I.G. Capital — invests across many founder-owned and entrepreneur-led businesses; active in control investments and recapitalizations.
• L Catterton — particularly relevant for consumer, retail, and branded businesses.
• Thoma Bravo — a major player for software and technology companies, often involving founder liquidity events.
• Vista Equity Partners — focused on enterprise software and technology-enabled businesses.
• Berkshire Partners — invests in middle-market companies, including founder-led businesses.
• Great Hill Partners — often works with growth companies where founders seek partial liquidity.
• Audax Private Equity — focuses on middle-market buyouts and growth platforms.
• Trivest Partners — has a long history of partnering with founder-owned businesses.
• Gauge Capital — focuses on lower-middle-market founder and family-owned companies.
• Paine Schwartz Partners — relevant for food, agriculture, and consumer-related companies.

Growth-oriented investors that can structure founder liquidity

• Summit Partners
• General Atlantic
• TA Associates
• Warburg Pincus

These firms may do majority investments when the company has strong growth prospects and the founder wants to keep significant upside.

Sector-specific examples

The best sponsor depends heavily on the company:

What founders usually look for in a majority recap partner

A good match usually has:

• Experience with founder-led companies (not just corporate carveouts)
• A history of allowing founders to roll equity
• Operational resources, not just financial engineering
• Flexible hold periods
• Comfort with the founder remaining CEO or chairman
• A track record of second exits (“second bite of the apple”)

Typical transaction profile:

• Enterprise value: often $25M–$500M+ (varies widely by sponsor)
• Founder liquidity: commonly 50–90% of personal holdings monetized
• Founder rollover: often 10–40%+ ownership retained
• Hold period: usually 3–7 years before another liquidity event

If you share the company’s industry, EBITDA/revenue range, and whether the founder wants to remain CEO, I can narrow this to the most likely 10–15 sponsors that would actually pursue the deal.

A majority recapitalization allows a founder to sell a controlling stake (typically 51% to 80%) of their company to an institutional partner—usually a private equity (PE) or growth equity firm—while rolling over a portion of their equity (20% to 40%) and taking home substantial, life-changing personal liquidity.

Firms that specialize in partnering with entrepreneurs and frequently execute these structures often emphasize a "founder-friendly" approach. Notable investment firms active in majority recapitalizations across various sectors include:

• Mainsail Partners Focuses on majority and minority recapitalizations for growing, bootstrapped software and technology companies, partnering closely with founders who want operational support without losing their vision.
• JMI Equity Specializes in growth-stage software and technology-driven companies, routinely executing both majority and minority recaps to help founders de-risk while scaling.
• Pamlico Capital Known for a collaborative, people-first approach in sectors like software, tech-enabled services, and healthcare IT, making majority and buyout investments alongside existing owner-operators.
• FTV Capital A sector-specialist growth equity firm focusing on enterprise technology, fintech, and services that frequently structures flexible liquidity solutions for entrepreneur-led companies.
• WestView Capital Partners A middle-market growth equity firm that explicitly targets partnering with existing management teams and founders to sponsor majority and minority recaps.
• H.I.G. Growth Partners The growth equity arm of H.I.G. Capital, targeting small and mid-cap technology and healthcare businesses with flexible majority and minority recap frameworks.
• TA Associates A large global growth private equity firm providing majority recapitalizations, buyouts, and growth capital across technology, healthcare, financial services, and consumer sectors.

If you'd like to narrow this down, please share:

• Your company's industry/sector (e.g., SaaS, healthcare, manufacturing)
• Your approximate annual revenue or ARR
• Whether you want to stay on as CEO post-transaction or transition out

I can provide a more tailored list of active investors and help you understand what a realistic valuation/rollover split looks like.