Anacapa Partners, a San Mateo, CA-based private equity firm focused on acquisitions in the lower middle market, closed Anacapa Partners III LP, with $79m in commitments.
Led by Jeff Stevens, Founder and Managing Partner, Anacapa Partners focuses exclusively on search fund investments, providing a vehicle for aspiring entrepreneurs to find, acquire, manage and grow businesses.
The firm works closely with the entrepreneurs, typically recent graduates of top-tier MBA programs as well as military veterans, in all phases of the investment process, including business screening, due diligence, negotiation of deal structure, operating oversight, and exploration of exit strategies.
Anacapa seeks to invest in profitable businesses with predictable, stable and recurring revenue and with the potential for continued meaningful growth.
Founded in 2010, the firm has raised $120 million across its three funds and invested in 45 businesses.