PE Secondary Investor

for the Lower Middle Market

Our Mission is to Invest in Growing, Resilient, and Profitable Companies in Partnership with Leading Private Equity Firms and Exceptional Management Teams

About

Walnut Place Capital (“WPC”) is an independent private equity firm established to provide secondary capital solutions to lower middle market private equity investors (LPs) in partnership with existing sponsors (GPs) and management teams. The evolution of the private equity secondaries market has created new and innovative liquidity solutions that have been used effectively by large cap and middle market sponsors. The lower middle market, however, remains underserved by capital providers and intermediaries and offers compelling investment returns.

WPC is a thoughtful and collaborative partner with extensive direct private capital investing experience. We have a strong network of limited partners and other capital sources to provide unique liquidity solutions to lower middle market sponsors and their investors.

Track Record in Lower Middle Market Private Equity and Private Credit Investing:

  • 50+ platform / add-on transactions over 20 years

  • $800M+ invested capital in lower middle market buyout and growth equity transactions

  • History of strong equity investment returns - 3.0x+ MOIC and 20% IRR

  • 25+ Board of Directors and Board Observer roles

Walnut Place Capital (“WPC”) Differentiation

Supportive Partner to Control Private Equity Sponsors:

  • The WPC investment team has roots in private credit and non-control private equity investing

  • The WPC network of limited partners and other capital sources are affiliated with middle market lending and minority equity firms and family offices and HNW individuals

  • Network of operating resources available as needed

Creative and Flexible Capital Partner to Provide Investor Liquidity:

  • WPC’s goal is to invest in high quality businesses at fair values. We are not anchored to specific “discount to NAV” thresholds

  • Focused on alignment of interests with GPs and management teams

  • The WPC investment team and advisory board partners have experience using creative structuring to bridge valuation gaps and align incentives

Investment Criteria

Transaction Types:

  • Single and Multi-Asset Continuation Funds

  • Direct Secondary Investments

  • Special Situations and Other Bespoke Transactions Providing Liquidity in Partnership with GPs and Management Teams

Geography:

  • United States and Canada Domiciled Companies and GPs

Company and Investment Size:

  • $10+ Million EBITDA / $20 Million ARR where appropriate

  • $10 Million - $50 Million Investment per Transaction

Industries:

  • B2B Services / Business Process Outsourcing

  • Vertical Software

  • Industrial Services

  • Niche Manufacturing

  • Distribution

  • Multi-Unit Healthcare and Consumer

Investment Team and Funding Partners


  • Managing Partner

    Andrew Brown is the Founder and Managing Partner of Walnut Place Capital. Mr. Brown has been an investor in lower middle market companies for the past 25 years. Prior to founding Walnut Place Capital, Mr. Brown was a Managing Director and Investment Committee Member at Beekman Investment Partners, a lower middle market private equity firm based in New York. Prior to joining Beekman, Mr. Brown was a private credit investor in lower middle market companies at GE Capital and Patriot Capital Funding, Inc. Mr. Brown started his career at PricewaterhouseCoopers.

    Mr. Brown serves on several boards of lower middle market companies and is involved in local charities in and around his home in Wilton, CT.

Investment Team:

  • Director - 15+ Years of Experience in GP Finance and PE Secondaries

  • Vice President - 10 Years of Experience in PE Secondaries Investing

  • Advisory Board - Several LMM PE Investors and Operators

Funding Partners:

  • Private Credit and Mezzanine Firms and their LPs

  • SBIC Funds and their LPs

  • Multi and Single Family Office Investors

  • HNW Individuals

  • Traditional Institutional LPs