
The Firmament Group
Description
The Firmament Group is a New York-based private investment firm specializing in providing tailored junior capital solutions to small and medium-sized enterprises (SMEs). Unlike traditional venture capital firms, Firmament offers a flexible blend of debt and equity, including mezzanine debt, preferred equity, and minority equity co-investments. This hybrid approach allows them to address a broad spectrum of capital needs, from growth financing and recapitalizations to management buyouts and acquisitions, catering specifically to businesses that may not fit conventional lending criteria or pure equity models. Their strategy emphasizes long-term partnerships, aiming to provide patient capital and strategic support to foster sustainable growth.
The firm's investment strategy targets established companies with a demonstrated track record and strong management teams. They typically focus on businesses generating between $5 million and $50 million in EBITDA, indicating a preference for mature, profitable enterprises rather than early-stage startups. Firmament's sector agnostic approach allows them to invest across diverse industries, including business services, manufacturing, healthcare, and technology, among others. This broad mandate enables them to identify compelling opportunities where their flexible capital solutions can drive significant value creation, often acting as a sole capital provider or leading a syndicate of investors.
Firmament is known for deploying substantial capital into its portfolio companies. Their typical investment size ranges from $10 million to over $100 million per transaction, reflecting their focus on providing significant capital infusions for growth and strategic initiatives. Since its inception, The Firmament Group has completed over 100 transactions, demonstrating a robust and consistent track record of deploying capital across various economic cycles. Their commitment to providing bespoke financing solutions underscores their role as a strategic partner, helping SMEs navigate complex financial landscapes and achieve their long-term objectives.
Investor Profile
The Firmament Group has backed more than 45 startups, with 1 new investments in the last 12 months alone. The firm has led 33 rounds, about 73% of its total and boasts 12 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Private Equity, Debt Financing, Series Unknown rounds (top funding stages).
- Majority of deals are located in United States, United Kingdom, Ireland.
- Strong thematic focus on Health Care, Information Technology, Manufacturing.
- Led 1 rounds in the past year.
- Typical check size: $10M – $100M.
Stage Focus
- Private Equity (69%)
- Debt Financing (11%)
- Series Unknown (9%)
- Series B (4%)
- Post Ipo Debt (4%)
- Seed (2%)
Country Focus
- United States (84%)
- United Kingdom (11%)
- Ireland (2%)
- France (2%)
Industry Focus
- Health Care
- Information Technology
- Manufacturing
- Software
- Medical
- Food And Beverage
- Service Industry
- Hospital
- Dental
- Environmental Engineering
Frequently Asked Questions
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