Brightwood Capital Advisors
Private equityNew York · 13 people tracked
Also known as Brightwood Capital · Brightwood Capital SBIC
Investment thesis
Brightwood provides capital to small and medium-sized enterprises, focusing on five core verticals: business services, franchising, healthcare services, transportation & logistics, and technology & telecommunications. Its investment team is active in sourcing, diligence, and driving growth across portfolio companies. The firm serves lower and middle market companies, drawing on the team's private equity, credit, and leveraged finance backgrounds. Capital has been managed for a broad base of limited partners including public, private, and corporate pension plans, endowments, family offices, and high net worth individuals.
Source: firm website, verified Aug 25, 2026.
Team · 13 people
from the firm's websiteWhat they invest in
from 1 of 2 portfolio companiesB2B Marketplaces ×1E-commerce ×1Retail Tech ×1
HQs:United States×1
Investments · 2 tracked
founders shown can be your intro pathAtlanta, US
Michael Novoseller(Director)Lewis Applefeld(Director)Keith Record(Director)Chad Magee(Executive Officer)William George(Director)Shane Mace(Director)
Board seatColin KeenanMichael NovosellerSengal Selassie· per SEC Form D · $10.7M raise · filed Jul 2021
JOOR operates a wholesale digital marketplace connecting fashion brands and retailers, enabling brands to manage sales and retailers to discover and order products.
B2B MarketplacesE-commerceRetail Tech
Co-investorsAdvance Venture PartnersCanaan PartnersEastward Capital PartnersBattery VenturesMacquarie Capital
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Fund performance · per public LP disclosures · 3
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| BRIGHTWOOD CAPITAL FUND VLPs: Empire State Development – New York Ventures, New York City Board of Education Retirement System | 2021 | — | 11.7% | 1.23x | 0.18x |
| Brightwood Capital Fund IVLPs: Empire State Development – New York Ventures, Pennsylvania Public School Employees' Retirement System | 2016 | — | — | 1.39x | 1.00x |
| Brightwood Capital Fund III, L.P.LPs: Empire State Development – New York Ventures, North Carolina Retirement Systems | 2014 | — | — | 0.53x | 0.48x |
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 sectors does Brightwood Capital Advisors focus on?
- Brightwood Capital Advisors focuses on Enterprise Software, Healthtech, Logistics & Supply Chain.
- Where is Brightwood Capital Advisors located?
- Brightwood Capital Advisors is headquartered in New York, US.
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