Angeles Equity
Private equityLos Angeles · Growth–Late Stage · 32 people tracked
Also known as Angeles Equity Partners, Llc
Investment thesis
Angeles Equity Partners pursues thesis-driven investing targeting attractive industrial sub-sectors within the lower middle market. It makes control equity investments (50%+ ownership) in businesses ranging from unprofitable to $40M EBITDA, with enterprise values up to $375M and equity checks up to $150M. Target sectors include aerospace/defense/space, auto and mobility, building and infrastructure products, capital goods, facilities management, industrial technology, packaging, specialty chemicals and materials, and transportation and logistics. The firm focuses on niche manufacturing, critical industrial services, and specialty distribution, and pursues carve-outs, ownership transitions, recapitalizations, joint ventures, special situations, and public-to-private transactions. It emphasizes operational transformation supported by an experienced, integrated team.
Source: firm website, verified Aug 6, 2026.
Team · 32 people
from the firm's websiteWhat they invest in
from 1 of 24 portfolio companiesEnterprise Software ×1Healthtech ×1
HQs:United States×1
Investments · 24 tracked
founders shown can be your intro pathOperates near-site industrial healthcare clinics providing occupational medicine services.
Distributes building products materials to custom and production homebuilders; exited July 2021.
Manufactures engineered operator cabs for off-highway vehicles and heavy equipment.
Provider of value-added contract logistics services across the US.
Provides temperature-controlled, time-sensitive transportation and logistics services.
Distributes diabetic supplies and equipment; exited September 2023.
Full-service roofing contractor serving the commercial and industrial roofing sectors across the US.
Manufacturer of tight-tolerance equipment to slice, lap, grind and polish engineered materials.
Manufactures precision components and integrated assemblies for the aerospace, defense, and space industry.
Formerly Data Clean; provides contamination control and removal services for controlled environments such as data centers and cleanrooms.
National provider of specialty maintenance and restoration services for commercial surfaces.
Manufactures noise, vibration, and harshness (NVH) solutions for North American automotive OEMs.
Xanitos provides hospital cleaning and facility management services designed to improve patient safety, cleanliness standards, and operational efficiency in healthcare facilities.
Enterprise SoftwareHealthtechNewtown Square, US
David Crothall(Chief Executive Officer)inDavid Walls(Chief Financial Officer)William Graham, IV(Director)Katherine Crothall(Director)Elizabeth Rockett(Director)Michael Bailey(Director)
Fund performance · per public LP disclosures
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Angeles Equity Partners ILPs: Los Angeles City Employees' Retirement System, Carnegie Corporation of New York | 2015 | — | 14.4% | 2.33x | 1.00x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does Angeles Equity invest at?
- Angeles Equity invests at the Growth, Late Stage stages.
- What is Angeles Equity's typical check size?
- Angeles Equity typically writes checks of $150M.
- What sectors does Angeles Equity focus on?
- Angeles Equity focuses on Advanced Manufacturing, Construction Tech, Defense Tech, Logistics & Supply Chain, Mobility & Transportation, New Materials, Space Tech.
- Where is Angeles Equity located?
- Angeles Equity is headquartered in Los Angeles, US.
- Does Angeles Equity lead rounds?
- Yes, Angeles Equity leads investment rounds.
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