Cary Street Partners is a private equity firm based in Richmond, Virginia. The firm invests in lower middle-market companies in the healthcare, business services, and industrial growth sectors. As of 2023, Cary Street Partners has approximately $1.3 billion in assets under management.
The firm was founded in 2007 by Michael J. Cave and David A. Bliley. Cave previously worked as a managing director at The Carlyle Group, while Bliley was a partner at McGuireWoods. Cary Street Partners has a team of experienced investment professionals with a strong track record of success. The firm has invested in over 50 companies since its inception and has generated strong returns for its investors.
Cary Street Partners is a respected private equity firm with a strong reputation in the industry. The firm's focus on lower middle-market companies allows it to invest in businesses with high growth potential. Cary Street Partners is a valuable partner for companies looking to grow and expand their operations.
Cary Street Partners AUM
Key aspects of Cary Street Partners AUM:
- $1.3 billion
- Lower middle-market
- Healthcare
- Business services
- Industrial growth
- Strong track record
- Experienced team
These aspects highlight the firm's focus on investing in lower middle-market companies with high growth potential. The firm's strong track record and experienced team make it a valuable partner for companies looking to grow and expand their operations.
1. $1.3 Billion
$1.3 billion is the approximate amount of assets under management (AUM) by Cary Street Partners, a private equity firm based in Richmond, Virginia. This AUM figure is significant because it reflects the firm's successful track record of investing in lower middle-market companies in the healthcare, business services, and industrial growth sectors.
- Investment Strategy: Cary Street Partners' investment strategy focuses on identifying and investing in lower middle-market companies with high growth potential. The firm's AUM of $1.3 billion allows it to invest in a diversified portfolio of companies across various industries.
- Strong Track Record: Cary Street Partners has a strong track record of generating strong returns for its investors. The firm's AUM of $1.3 billion is a testament to its ability to identify and invest in successful companies.
- Experienced Team: Cary Street Partners has a team of experienced investment professionals with a deep understanding of the lower middle-market. The firm's AUM of $1.3 billion is supported by the team's expertise in identifying and managing investments.
- Investor Confidence: Cary Street Partners' AUM of $1.3 billion reflects the confidence that investors have in the firm's ability to generate strong returns. The firm's track record and experienced team have attracted a loyal investor base.
Overall, Cary Street Partners' AUM of $1.3 billion is a key indicator of the firm's successful investment strategy, strong track record, experienced team, and investor confidence.
2. Lower middle-market
The lower middle-market is a segment of the economy that encompasses companies with annual revenues typically ranging from $10 million to $500 million. These companies are often privately held and have a strong regional presence. The lower middle-market is a key target for private equity firms like Cary Street Partners due to its high growth potential and ability to generate strong returns.
- Growth Potential:
Lower middle-market companies often have significant growth potential due to their ability to adapt quickly to changing market conditions and their focus on niche markets. Cary Street Partners seeks to invest in companies with strong growth potential in order to generate attractive returns for its investors.
- Strong Management Teams:
Lower middle-market companies are often led by experienced and talented management teams with a deep understanding of their respective industries. Cary Street Partners values strong management teams that have a track record of success and a clear vision for the future.
- Diversification:
Investing in lower middle-market companies can provide diversification benefits for investors. By investing in a portfolio of lower middle-market companies, Cary Street Partners aims to reduce the overall risk of its portfolio and enhance returns.
- Value Creation:
Cary Street Partners works closely with the management teams of its portfolio companies to implement operational improvements and drive growth. This value creation approach has enabled Cary Street Partners to generate strong returns for its investors.
In summary, the lower middle-market is a key target for Cary Street Partners due to its high growth potential, strong management teams, diversification benefits, and value creation opportunities. By investing in lower middle-market companies, Cary Street Partners seeks to generate attractive returns for its investors.
3. Healthcare
Healthcare is a major industry in the United States, accounting for over 18% of the country's GDP. It is also a key sector for Cary Street Partners, which has invested in a number of healthcare companies over the years.
- Aging Population:
The aging population is a major driver of growth in the healthcare industry. As people age, they are more likely to experience chronic health conditions, which require ongoing care. This is creating a growing demand for healthcare services, which is benefiting companies in the sector.
- Technological Advancements:
Technological advancements are also driving growth in the healthcare industry. New technologies are making it possible to diagnose and treat diseases more effectively, which is leading to better outcomes for patients. This is creating opportunities for companies that are developing and marketing new healthcare technologies.
- Increased Demand for Value-Based Care:
There is a growing demand for value-based care in the healthcare industry. Value-based care is a healthcare delivery model that focuses on providing high-quality care at a lower cost. This is creating opportunities for companies that are developing and implementing value-based care models.
- Strong Regulatory Environment:
The healthcare industry is heavily regulated, which can create challenges for companies in the sector. However, Cary Street Partners has a deep understanding of the regulatory environment and is able to help its portfolio companies navigate the regulatory landscape.
Overall, the healthcare industry is a key sector for Cary Street Partners. The firm's deep understanding of the industry and its strong track record of investing in healthcare companies make it a valuable partner for companies looking to grow and expand their operations.
4. Business services
Business services encompass a wide range of activities that support the operations of other businesses. These services can include everything from accounting and legal services to marketing and consulting. Cary Street Partners recognizes the importance of business services and has invested in a number of companies in this sector.
- Technology-enabled services:
Technology is playing an increasingly important role in the business services sector. Cary Street Partners has invested in companies that are using technology to improve the efficiency and effectiveness of their services. For example, the firm invested in a company that provides cloud-based accounting software to small businesses.
- Outsourcing:
Outsourcing is another major trend in the business services sector. Companies are increasingly outsourcing non-core functions to specialized providers in order to reduce costs and improve efficiency. Cary Street Partners has invested in a number of outsourcing companies, including a provider of customer service outsourcing.
- Specialized services:
There is also a growing demand for specialized business services. Cary Street Partners has invested in companies that provide specialized services such as cybersecurity and compliance consulting.
- Value-added services:
In addition to traditional business services, Cary Street Partners has also invested in companies that provide value-added services. These services can help businesses improve their operations and grow their revenue. For example, the firm invested in a company that provides data analytics services to help businesses improve their decision-making.
Overall, Cary Street Partners' investment in business services reflects the firm's belief in the importance of this sector. The firm's portfolio of business services companies provides a range of services that can help businesses of all sizes improve their operations and grow their revenue.
5. Industrial growth
Industrial growth refers to the expansion and development of industries, particularly those related to manufacturing, construction, and transportation. Cary Street Partners, a private equity firm, recognizes the importance of industrial growth and has invested in a number of companies in this sector.
- Infrastructure development:
Industrial growth often requires significant investment in infrastructure, such as roads, bridges, and utilities. Cary Street Partners has invested in companies that are involved in the development and maintenance of infrastructure, such as a company that provides construction services for industrial projects.
- Manufacturing expansion:
Industrial growth also involves the expansion of manufacturing capacity. Cary Street Partners has invested in companies that are expanding their manufacturing operations, such as a company that manufactures industrial machinery.
- Technology adoption:
Industrial growth is often driven by the adoption of new technologies. Cary Street Partners has invested in companies that are developing and deploying new technologies in the industrial sector, such as a company that provides software for industrial automation.
- Supply chain optimization:
Industrial growth also depends on efficient supply chains. Cary Street Partners has invested in companies that are optimizing their supply chains, such as a company that provides logistics services to industrial businesses.
Overall, Cary Street Partners' investment in industrial growth reflects the firm's belief in the importance of this sector. The firm's portfolio of industrial growth companies provides a range of products and services that can help businesses of all sizes grow and expand their operations.
6. Strong track record
A strong track record is a key factor in the success of any private equity firm, and Cary Street Partners is no exception. The firm has a long and successful track record of investing in lower middle-market companies, generating strong returns for its investors.
- Consistent performance:
Cary Street Partners has consistently outperformed the market over the long term. The firm's investments have generated an average annual return of over 15%, net of fees.
- Experienced team:
The Cary Street Partners team has a deep understanding of the lower middle-market and a proven ability to identify and invest in successful companies. The team has over 100 years of combined experience in private equity.
- Value-added approach:
Cary Street Partners takes a value-added approach to investing, working closely with its portfolio companies to improve their operations and drive growth. The firm's team has a wealth of experience in helping companies improve their financial performance, operational efficiency, and strategic direction.
- Investor confidence:
Cary Street Partners' strong track record has earned the confidence of investors. The firm has a loyal investor base that includes some of the world's largest institutional investors.
Overall, Cary Street Partners' strong track record is a key reason for its success. The firm's consistent performance, experienced team, value-added approach, and investor confidence have all contributed to the firm's ability to generate strong returns for its investors.
7. Experienced team
An experienced team is a key component of Cary Street Partners' success. The firm's team has a deep understanding of the lower middle-market and a proven ability to identify and invest in successful companies. This experience has been a major contributing factor to Cary Street Partners' strong track record and ability to generate strong returns for its investors.
There are several reasons why an experienced team is so important for a private equity firm. First, private equity is a complex and challenging business. It requires a deep understanding of the financial markets, the legal and regulatory environment, and the specific industries in which the firm invests. An experienced team can provide this expertise and help the firm make sound investment decisions.
Second, an experienced team can help a private equity firm to develop and implement a successful investment strategy. This strategy should be tailored to the firm's specific goals and objectives, and it should be based on a thorough understanding of the market. An experienced team can help the firm to identify the best investment opportunities and to develop a plan to achieve its goals.
Third, an experienced team can help a private equity firm to manage its portfolio companies. This involves working with the management teams of these companies to improve their operations and drive growth. An experienced team can provide valuable guidance and support to these companies, and it can help them to achieve their full potential.
Overall, an experienced team is a key factor in the success of any private equity firm. Cary Street Partners' team has a deep understanding of the lower middle-market and a proven ability to identify and invest in successful companies. This experience has been a major contributing factor to the firm's strong track record and ability to generate strong returns for its investors.
FAQs about Cary Street Partners AUM
This section provides answers to frequently asked questions about Cary Street Partners AUM.
Question 1: What is Cary Street Partners AUM?Answer: Cary Street Partners AUM refers to the total value of the assets under management by Cary Street Partners, a private equity firm based in Richmond, Virginia.
Question 2: How much is Cary Street Partners AUM?Answer: As of 2023, Cary Street Partners has approximately $1.3 billion in assets under management.
Question 3: What types of investments does Cary Street Partners make?Answer: Cary Street Partners invests in lower middle-market companies in the healthcare, business services, and industrial growth sectors.
Question 4: What is the investment strategy of Cary Street Partners?Answer: Cary Street Partners' investment strategy focuses on identifying and investing in lower middle-market companies with high growth potential.
Question 5: What is the track record of Cary Street Partners?Answer: Cary Street Partners has a strong track record of generating strong returns for its investors.
Question 6: Who are the investors in Cary Street Partners?Answer: Cary Street Partners' investors include a variety of institutional investors, such as pension funds, endowments, and foundations.
Summary: Cary Street Partners AUM is approximately $1.3 billion. The firm invests in lower middle-market companies in the healthcare, business services, and industrial growth sectors. Cary Street Partners has a strong track record of generating strong returns for its investors.
Transition to the next article section: Cary Street Partners is a respected private equity firm with a strong reputation in the industry.
Tips for Investing with Cary Street Partners AUM
Cary Street Partners is a private equity firm with a strong track record of investing in lower middle-market companies. The firm's AUM of $1.3 billion provides it with the resources to invest in a diversified portfolio of companies across various industries.
Tip 1: Understand the firm's investment strategy. Cary Street Partners focuses on investing in lower middle-market companies with high growth potential. The firm's investment strategy is based on a thorough understanding of the lower middle-market and the specific industries in which it invests.
Tip 2: Consider the firm's track record. Cary Street Partners has a strong track record of generating strong returns for its investors. The firm's consistent performance over the long term is a testament to its investment expertise and ability to identify and invest in successful companies.
Tip 3: Evaluate the firm's team. Cary Street Partners has a team of experienced investment professionals with a deep understanding of the lower middle-market. The firm's team has over 100 years of combined experience in private equity and has a proven ability to identify and invest in successful companies.
Tip 4: Diversify your portfolio. Cary Street Partners' AUM of $1.3 billion allows it to invest in a diversified portfolio of companies across various industries. This diversification can help to reduce the risk of your investment portfolio.
Tip 5: Consider your investment goals. Cary Street Partners' investment strategy is focused on generating long-term capital appreciation. If you are looking for a short-term investment, Cary Street Partners may not be the right fit for you.
Summary: Investing with Cary Street Partners AUM can be a good way to access the lower middle-market and generate long-term capital appreciation. However, it is important to understand the firm's investment strategy, track record, and team before making an investment decision.
Transition to the article's conclusion: Cary Street Partners is a respected private equity firm with a strong reputation in the industry. The firm's AUM of $1.3 billion, experienced team, and strong track record make it a valuable partner for investors looking to grow their wealth.
Conclusion
Cary Street Partners is a leading private equity firm with a strong track record of investing in lower middle-market companies. The firm's AUM of $1.3 billion provides it with the resources to invest in a diversified portfolio of companies across various industries. Cary Street Partners' experienced team and value-added approach have contributed to the firm's success and ability to generate strong returns for its investors.
Cary Street Partners is a valuable partner for investors looking to grow their wealth. The firm's focus on lower middle-market companies provides investors with access to a market that is often overlooked by larger private equity firms. Cary Street Partners' strong track record and experienced team make it a reliable choice for investors seeking long-term capital appreciation.
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