ChatGPT SearchOct 7, 2026
Yes. The right capital partner depends heavily on what “your sector” is, the size of the first platform acquisition, and how much equity you need. I would not start by approaching generic large-cap PE firms.
The most promising route is usually one of these:
- Independent-sponsor / buy-and-build investors — especially if you have the operating expertise and acquisition thesis but don't already control a large fund.
- Lower-middle-market PE firms with a demonstrated roll-up track record — best if your initial platform is already substantial.
- Family offices / co-investment groups — useful when you need flexible equity for a series of acquisitions.
- Private-credit lenders — for the debt portion of the acquisition capital stack, particularly if you want committed financing for add-ons.
The independent-sponsor market is particularly interesting right now: Axial's October 2026 report says 65% of M&A advisers now include independent sponsors in buyer outreach for most deals, up substantially from 2025.
A few groups I'd put on the initial target list
- Capitala Group — provides debt and equity capital to U.S. independent sponsors and recently closed a $1B fundraise.