/Investor DB

Endeavour Capital

Private equity

Portland · Growth–Late Stage · 36 people tracked

Also known as Dvsm, Lp · ENDEAVOUR CAPITAL ADVISORS INC.

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Investment thesis

Endeavour pursues a regional private equity strategy focused on family and founder-owned mid-market companies in the American West. The firm emphasizes long-term value creation, aiming to benefit both its portfolio companies and the surrounding communities. Drawing on deep industry experience and relationships, Endeavour partners with management teams to grow earnings and employment while using conservative leverage. Guided by core values of integrity and stewardship, the firm positions itself as a long-term partner for owners facing once-in-a-lifetime ownership transitions.

Source: firm website, verified Sep 29, 2026.

Stage
Growth–Late Stage
Check
$35M – $100M
HQ
Portland, OR, US
Instruments
Equity
Founded
1991
AUM
$1.9B
Tracked investments
74
IPOs
1

Team · 36 people

from the firm's website & public directories
Stephen Babson· Managing Directorin
Lauren Adler· Chief Financial Officerin
Chad N. Heath· Executive Officer
D. Mark Dorman· Executive Officerin
David Goldberg· Executive Officer
J. Dietz Fry· Executive Officer
John W. Dixon· Executive Officer
Laurence Austin· Executive Officer
Mitchell Katz· Executive Officer

What they invest in

from 23 of 74 portfolio companies

Advanced Manufacturing ×7Consumer ×7FoodTech ×7Retail Tech ×6E-commerce ×5Enterprise Software ×5SaaS ×5Healthtech ×4

HQs:United States×19Singapore×1

Investments · 74 tracked

founders shown can be your intro path

By year:2023 · 12020 · 22016 · 12015 · 12014 · 12011 · 17 dated

Grand Canyon Educationgce.comNASDAQ: LOPE

Grand Canyon Education (GCE) is a shared services partner that provides operational functions to colleges and universities, including enrollment management, academic counseling, financial services, learning management support, marketing, and curriculum development across the full student life cycle.

EdTech

Brian E. Mueller(Chief Executive Officer)Dr. W. Stan Meyer(Chief Operating Officer)Daniel E. Bachus(Chief Financial Officer)Dilek Marsh(Chief Information Officer)in

Alpha Mediaalphamediausa.comApr 2020

Fourth-largest US radio broadcaster with over 250 stations, headquartered in Portland, Oregon.

Portland, US

D. Robert Proffitt(Executive Officer, Director)John Grossi(Executive Officer)inMark Dorman(Director)Paul Stone(Director)Noel Straus(Director)Saif Mansour(Director)

Co-investorsBreakwater Investment Management

Andavi Solutionsandavisolutions.comin

Andavi Solutions provides data-driven AI and machine learning technology solutions tailored for the beverage alcohol industry and CPG companies.

AI & Machine LearningData & InfrastructureEnterprise SoftwareMarketing TechSaaSSales Tech

Nina Vellayana(Chief Executive Officer)Fatih Arslan(Chief Financial Officer)Ajay Vashistha(Chief Technology Officer)in

Arizona Nutritional Supplementsaznutritional.com

AZ Nutritional is a contract manufacturer of dietary supplements, offering sourcing, formulation, and lab testing services to supplement brands.

Advanced ManufacturingHealthtechWellness & FitnessChandler, US

Mike Beardall(Executive Officer, Director)Jonathan Pinkus(Director)Mike Zawalski(Executive Officer, Director)Aaron Blunck(Director)

BoardD. Mark Dorman(Director)inBradaigh Wagner(Director)in

Bristol Farmsbristolfarms.com𝕏

Bristol Farms is a specialty grocery retailer in Southern California that emphasizes fresh, high-quality ingredients and artisanal products.

ConsumerFoodTechRetail TechRolling Hills, US

Irv GronskyMike Burbankin

Entekentek.comin𝕏

ENTEK designs and manufactures battery separators for lead-acid and lithium-ion applications, as well as extrusion systems and engineering services for consumer electronics and vehicle energy storage.

Advanced ManufacturingEnergyHardwareNew Materials

Larry Keithin

Equality Healthequalityhealth.comin𝕏Feb 2016

Equality Health provides a value-based care platform for Medicaid, Medicare FFS, ACA, and D-SNP populations, combining data-driven technology, practice coaching, and patient engagement to support a provider network.

Digital HealthHealthtechSaaSPhoenix, US

Hugh Lytle(Chief Executive Officer)Jeffrey Butcher(Chief Financial Officer)Ananya Banerjee(Chief Executive Officer)D. Mark Dorman(Director)David L. Goldberg(Director)

Co-investorsGeneral AtlanticTown Hall Ventures

Global Harvest Foodsghfoods.comin

Global Harvest Foods manufactures private label wild bird and wildlife food products for retailers, with over 40 years of experience as the #1 producer in the USA.

Advanced ManufacturingAgTechConsumerFoodTech

Globalwide Mediaglobalwidemedia.comin𝕏

Global Wide Media offers data-driven digital marketing and advertising solutions, including audience profiling, cross-device matching, and brand-safety tools.

AdTechData & InfrastructureMarketing Tech

Grant Victorgrantvictor.comin𝕏Aug 2011

Grant Victor owns four business units providing complete ATM services across North America, including equipment placement, managed services, wholesale sales, and specialty ATM offerings for financial institutions.

Enterprise SoftwareFintechHardwareRetail TechSaaSKaysville, US

Greywinggrey-wing.comin𝕏Seed

Greywing provides a data integration and vessel management platform for the maritime and shipping industry.

Data & InfrastructureEnterprise SoftwareLogistics & Supply ChainSaaSSingapore, SG

Nick Clarke(CEO)inHrishi Olickel(CTO)in

Co-investorsEntrepreneur FirstInfinite CapitalJude GomilaTransmedia CapitalY CombinatorFlexport+4 more

Johnny Wasjohnnywas.comin

Johnny Was is a women's lifestyle apparel brand offering bohemian-style clothing, signature prints, resort and swimwear, dresses, kimonos, shoes, and leather bags.

ConsumerDirect to ConsumerE-commerce

K2 Insurance Servicesk2ins.comin𝕏

K2 Insurance Services offers specialty insurance products and services across lines including personal and commercial property, workers' compensation, professional and financial liability, casualty, auto, marine, cyber, and claims handling.

FintechInsurTech

Bob Kimmel(Founder & CEO)

Co-investorsWarburg PincusLee Equity Partners

Manitobah Mukluksmanitobah.cain

Manitobah is an Indigenous-owned footwear brand that designs and sells moccasins and boots featuring traditional beadwork and floral artwork.

ConsumerDirect to ConsumerE-commerce

Sean McCormick(Founder)in

Metropolitan Marketmetropolitan-market.com

Metropolitan Market is an independent grocery retailer in Seattle that specializes in high-quality, specialty food products including rare cheeses, fresh seafood, and unique ingredients sourced from around the world.

ConsumerFoodTechRetail TechSeattle, US

New Leaf Community Marketsnewleaf.com

New Leaf Community Markets operates a chain of 6 grocery stores across the Central Coast focused on locally-sourced, organic, and sustainably-produced food from California farmers, ranchers, and fishers.

Circular EconomyFoodTechRetail TechSanta Cruz, US

New Seasons Marketnewseasonsmarket.comin

New Seasons Market is a grocery retailer that operates retail locations in Oregon and Washington, offering fresh and packaged foods with a commitment to food safety and quality.

ConsumerE-commerceFoodTechRetail TechPortland, US

Nordic Cold Chain Solutionsnordiccoldchain.comin𝕏

Nordic Cold Chain Solutions provides temperature-controlled packaging solutions for pharmaceutical, healthcare, and food industries.

Advanced ManufacturingFoodTechHealthtechLogistics & Supply ChainNew Materials

Andy Bolton(President and Chief Executive Officer (CEO))in

Omega Morganomegamorgan.cominOct 2014

Omega Morgan operates a portfolio of industrial services companies specializing in heavy machinery transport, rigging, and installation services for commercial and industrial clients across North America and internationally.

Advanced ManufacturingConstruction TechEnterprise SoftwareLogistics & Supply ChainHillsboro, US

Jeff Morgan(Director)inGreg Tansey(Executive Officer)inVic Petroff(Executive Officer)Dick Ferchak(Chief Executive Officer)in

BoardPeter Stott(Director)Erik Krieger(Executive Officer, Director)

Providien Medicalprovidienmedical.com

Providien is a contract manufacturer of Class II and Class III finished medical devices, offering thermoforming, precision machining, electromechanical assembly, precision miniature bearings, and medical injection molding.

Advanced ManufacturingHealthtechMedical Devices

Umpqua Feather Merchantsumpqua.com

Umpqua manufactures and distributes fly fishing equipment, including flies, hooks, tools, and storage solutions designed for fly anglers.

ConsumerE-commerceRetail TechSports TechStockton, US

Visual Data Media Servicesvisualdatamedia.comin𝕏

Visual Data provides digital media supply chain services for the entertainment industry, including content management, distribution, localization, and media services that help customers deliver premium content across formats and platforms globally.

Cloud ComputingEnterprise SoftwareMedia & EntertainmentSaaSBurbank, US

Warn Industrieswarn.com𝕏

Warn designs, engineers, and manufactures winches and off-road vehicle equipment used by vehicle manufacturers and military suppliers.

Advanced ManufacturingHardwareMobility & Transportation

Wineshippingwineshipping.cominAug 2023

A DTC fulfillment service specializing in temperature-controlled wine shipping and logistics for direct-to-consumer wine companies in the United States.

Direct to ConsumerE-commerceFoodTechLogistics & Supply Chain

Marty Herrickin

Co-investorsGreenbriar Equity Group

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Berkeley Research GroupApex Dental PartnersArrayAtl TechnologyBarrett Jackson HoldingsBi Mart CorporationCitadel CommunicationsClassic Sports Companies IncColumbia Distributing CompanyColumbus FoodsCtc GlobalDynamic Aerostructures LlcEsco CorporationFi HoldingsGenesis Financial SolutionsImpact Fulfillment ServicesLegend BrandsLittle Red ServicesLone StarMallory AlexanderMarket TransportMerchandising Technologies IncMichaelsMm ThriftNational Frozen FoodsNetwork Global LogisticsNor Cal ProductsNorthland Transportation CoNorthwest Hotel GroupOfd FoodsPacific Market InternationalPacific Star CommunicationsPk GlobalPoint BPolicy StudiesPoorman Douglas CorporationPortland Bolt And Manufacturing CompanySilver Eagle Manufactiring CoSpeeco IncTall Oak LearningThe Diamond Center IncThe Garden Grow CompanyThe Willamette Valley CompanyTidewater Holdings IncTriton Holdings LlcUsnrVigor IndustrialWhiplashWinco FoodsZoomcare

Exits · 1

1 IPOs

Grand Canyon EducationNASDAQ: LOPE

Fund performance · per public LP disclosures · 9

as of Nov 2025
FundVintageCommittedNet IRRTVPIDPI
Endeavour Capital Fund VIII, L.P.LPs: Washington State Investment Board, Employees' Retirement System of Rhode Island, Public Employee Retirement System of Idaho2021—8.5%1.21x0.15x
Endeavour Capital Fund V, L.P. - Secondary PurchaseLPs: Washington State Investment Board2020—165.5%2.70x2.71x
Endeavour Capital Fund VI, L.P. - Secondary PurchaseLPs: Washington State Investment Board2020—176.8%2.80x2.85x
Endeavour Capital Fund VII, L.P. - Secondary PurchaseLPs: Washington State Investment Board2020—24.6%1.80x1.00x
Endeavour Capital Fund VII, L.P.LPs: Washington State Investment Board, Oregon Public Employees Retirement System, Public Employee Retirement System of Idaho2016—18.3%2.30x1.46x
Endeavour Capital Fund VI, L.P.LPs: Oregon Public Employees Retirement System, Washington State Investment Board, Public Employee Retirement System of Idaho2011—8.5%1.49x1.49x
Endeavour Capital Fund V, L.P.LPs: Oregon Public Employees Retirement System, Washington State Investment Board2008—10.8%2.00x2.01x
Endeavour Capital Fund IV, L.P.LPs: Oregon Public Employees Retirement System, Washington State Investment Board2004—28.2%3.52x3.52x
Endeavour Capital Fund IIILPs: Oregon Public Employees Retirement System2000—29.6%2.74x2.74x

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

How many investments has Endeavour Capital made?
Endeavour Capital has 74 tracked investments, 1 of which have exited.
What stage does Endeavour Capital invest at?
Endeavour Capital invests at the Growth, Late Stage stages.
What is Endeavour Capital's typical check size?
Endeavour Capital typically writes checks of $35M – $100M.
What sectors does Endeavour Capital focus on?
Endeavour Capital focuses on Advanced Manufacturing, Consumer, Direct to Consumer, Enterprise Software, Fintech, FoodTech, Healthtech, LegalTech, Logistics & Supply Chain, Medical Devices, Mobility & Transportation, Retail Tech, SaaS, Sector Agnostic.
Where is Endeavour Capital located?
Endeavour Capital is headquartered in Portland, US.
Who does Endeavour Capital co-invest with?
Endeavour Capital most often shares deals with Breakwater Investment Management, General Atlantic, Town Hall Ventures, among 4 tracked co-investors.

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