Fundraising Fox

Calera Capital

Private equity

San Francisco · Growth · 11 people tracked

Fox Verdict
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Investment thesis

Calera Capital partners with entrepreneurs and management teams who want to retain significant ownership while gaining a partner with the resources and expertise to grow their business. The firm emphasizes long-term, aligned partnerships—noting that for every $2 it invests, portfolio company shareholders invest $1. It develops long-range strategic plans and executes through governance, team building, M&A, operational support, and management discipline. Calera concentrates on three areas: logistics (freight and transportation management, brokerage), business services (critical-function outsourcing for verticals requiring domain expertise), and specialty industrials (highly differentiated products and services with strong customer loyalty).

Source: firm website, verified Aug 18, 2026.

Stage
Growth
Check
$50M – $250M
HQ
San Francisco, California, US
Instruments
Equity
Founded
1991
AUM
$3.1B
Tracked investments
2

Team · 11 people

from public directories
Kevin Baker· Managing Director and General Counsel

What they invest in

from 1 of 2 portfolio companies

Healthtech ×1

HQs:United States×1

Investments · 2 tracked

founders shown can be your intro path
F&I Sentinel

Compliance services provider for the automotive lending industry, offering products such as CITADEL and FAIRCalc.

ImageFIRSTimagefirst.com

ImageFIRST is a medical-focused linen and laundry provider serving health systems, hospitals, and outpatient facilities, offering linens, uniforms, and facility service products.

HealthtechKing of Prussia, US

Fund performance · per public LP disclosures · 2

as of Jun 2020
FundVintageCommittedNet IRRTVPIDPI
Calera Capital Partners IIILPs: The Regents of the University of California2003-1.2%0.95x0.95x
Calera CapitalLPs: The Regents of the University of California2000-1.3%0.95x0.33x

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 Calera Capital invest at?
Calera Capital invests at the Growth stage.
What is Calera Capital's typical check size?
Calera Capital typically writes checks of $50M – $250M.
What sectors does Calera Capital focus on?
Calera Capital focuses on Advanced Manufacturing, Consumer, Enterprise Software, Fintech, FoodTech, Healthtech, Logistics & Supply Chain, Sector Agnostic.
Where is Calera Capital located?
Calera Capital is headquartered in San Francisco, US.

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