Northlane Capital Partners
Private equityBethesda · Growth
Investment thesis
Northlane Capital Partners focuses on middle-market healthcare and business services businesses across North America, primarily buying from founders and smaller institutional investors and partnering with management teams. It targets companies with sustainable competitive advantages, attractive growth, strong financial performance, and experienced leadership, typically with enterprise values of $50-350M and EBITDA of $5-30M. Investment themes favor outsourcing trends, secular growth, low cyclicality, recurring revenue, and high free cash flow. Healthcare sub-verticals include behavioral health, dental services, employer health benefits, healthcare IT, lab services, medical device outsourcing, pharmaceutical services, and regulatory/compliance. Business services areas include automation, training/certification, HR outsourcing, insurance services, legal services, logistics, software/IT services, and financial services. The firm creates value through organic growth, add-on acquisitions, and its executive network.
Source: firm website, verified Aug 25, 2026.
What they invest in
from 27 of 51 portfolio companiesHealthtech ×9SaaS ×5Biotech ×4EdTech ×4Fintech ×4Digital Health ×3InsurTech ×3AdTech ×2
HQs:United States×11
Investments · 51 tracked
founders shown can be your intro pathFile & ServeXpress provides technology platforms for courts, government agencies, and law firms, including electronic filing and service solutions.
GovTechLegalTechSaaSDallas, US
Affordable Care is a consumer retail healthcare company focused on tooth replacement solutions, providing non-clinical business support to dental practices across the United States.
ConsumerHealthtech
Co-investorsAea Investors
Provider of outsourced content management services across educational, professional, and financial publishing and enterprise solutions.
Aptara provides custom content services including AI-based corporate learning design, K-20 education development, publishing and conversion services for STEM and humanities, and content enrichment for automotive, aviation, and marine sectors.
AI & Machine LearningEdTechMedia & Entertainment
Contract manufacturer of specialty medical tubing, including wire-reinforced cardiac catheters.
BrandMuscle provides a platform for managing local and channel marketing, letting national brands scale on-brand, legally compliant campaigns across affiliate, dealer, and retailer networks.
AdTechMarketing TechSaaS
Choice Financial Group partners with independent insurance agencies, providing operational, carrier, and acquisition support to help them grow and scale.
FintechInsurTech
Acquisition-focused insurance agency providing property, casualty, and employee benefits services, headquartered in Virginia Beach, VA.
Virginia Beach, US
James Richard Braun(Executive Officer)
CIBT provides work visa, immigration, and global mobility services, handling the process of obtaining short and long-term visas and related authorizations for corporate clients across multiple countries.
Enterprise SoftwareTravel & Hospitality
Co-investorsABRY Partners
Consumer premise equipment repair company serving the broadband industry.
The Difference Card offers a health insurance cost-reduction solution for employers, aiming to lower health insurance costs by around 18% while maintaining employee benefits.
FintechHealthtechInsurTech
Fintech
Co-investorsBregal Sagemount
Empower Community Care distributes evidence-based behavioral health and education programs and technologies—including therapy interventions, mental health assessments, cognitive-behavioral tools, and eLearning courses—for youth, adults, and families.
Digital HealthEdTechMental Health
Enterprise software provider enabling the design and delivery of personalized communications for large companies.
FAMS provides outsourced billing, invoicing, collections, and accounts receivable services for small and mid-sized businesses, including medical practices, home service and construction companies, landlords/property managers, and retail/service firms.
FintechSaaS
Provider of online document exchange, data management, notification, and payment solutions for courts, government agencies, and legal professionals.
Firma is a contract research organization providing decentralized clinical trial services, including in-home health visits, biostatistics, programming, and data management for pharmaceutical and academic study teams.
BiotechDigital HealthHealthtech
Co-investorsThompson Street Capital Partners
Provider of outsourced revenue cycle management services for physician groups and practice management companies.
Provider of radiation detection and monitoring equipment and services for nuclear power, defense, and medical markets.
PAR Systems designs and builds custom manufacturing and automation systems, including friction stir welding machines, precision small-parts handling systems, and specialized crane systems, for industries such as semiconductor, electric vehicles, marine, aerospace, and medical devices.
Advanced ManufacturingHardwareRobotics
Provider of high-precision robotic systems design, assembly, installation, and service for aerospace, marine, nuclear, and military markets.
PAR Excellence offers an integrated platform for healthcare providers to manage medical supplies, covering real-time tracking, inventory automation, recall management, tissue tracking, and labor optimization.
HealthtechLogistics & Supply ChainSaaS
Plus Delta Partners offers training programs and consulting services that teach frontline fundraisers and their managers a disciplined methodology for raising major, principal, and planned gifts.
EdTech
Co-investorsStellus Capital Management
Multi-channel direct marketer with 15 complementary specialty consumer brands offering home decor, apparel, gifts, and accessories.
Non-asset-based provider of long-haul less-than-truckload transportation services.
Provides long-haul, metro-to-metro less-than-truckload (LTL) freight shipping through a network of 32 service centers located in major metro markets.
Logistics & Supply Chain
Science Care operates a whole-body donation program, guiding donors and families through the process at no cost and supplying human tissue and biospecimens to universities, medical device makers, and pharmaceutical companies for research, education, and training.
BiotechHealthtechMedical Devices
World's largest venue management company providing private management services to public assembly facility owners.
Soil Safe recycles contaminated soil from construction projects, processing it into an engineered, permitted product with documented recycling.
Circular EconomyCleantechConstruction TechColumbia, US
Co-investorsHalifax Group
Specialty insurance consultancy providing professional representation to business and property owners during property insurance claims.
Stellar Adjusting is a public insurance adjusting service that helps residential, commercial, and condo property owners file and manage insurance claims for damage from hurricanes, water, fire, vandalism, roof leaks, floods, mold, and income loss.
InsurTech
Provider of healthcare cost containment solutions for employers (sold in 2025).
Provides title management services to auto lenders and electronic vehicle registration services to auto dealers.
Forensic toxicology laboratory specializing in testing for alcohol and substance use in newborns, children, and adults.
VMG Health provides business and financial advisory services to healthcare clients, serving organizations across all 50 U.S. states.
Healthtech
Co-investorsIncline
Telephone and internet-based survey and market research company focused on market research and political polling.
Weston provides environmental and infrastructure consulting, planning, engineering, construction, and operations & maintenance services, including remediation of PFAS contamination, EV charging (EVSE) management, and plugging of orphaned oil and gas wells.
CleantechConstruction TechEnergy
Roy F. Weston(Founder)Larry Bove(Chief Executive Officer)
Preclinical contract research organization providing product safety and toxicology research to biopharma and agro-chemical industries.
Exits · 1
IPOs and acquisitions across the tracked portfolioDiscovery Dataacq. by ISS Market Intelligence
Fund performance · per public LP disclosures · 3
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Northlane Capital Partners I, L.P. - IHAMLPs: San Diego City Employees' Retirement System | 2014 | — | 40.3% | 2.05x | 2.05x |
| Northlane Capital Partners I, LPLPs: San Diego City Employees' Retirement System | 2003 | — | 81.2% | 2.63x | 2.63x |
| Northlane Capital Partners II LPLPs: Texas Municipal Retirement System | — | — | 31.8% | 3.46x | 2.62x |
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 Northlane Capital Partners made?
- Northlane Capital Partners has 51 tracked investments, 1 of which have exited via acquisition or IPO.
- What stage does Northlane Capital Partners invest at?
- Northlane Capital Partners invests at the Growth stage.
- What is Northlane Capital Partners's typical check size?
- Northlane Capital Partners typically writes checks of $25M – $150M.
- What sectors does Northlane Capital Partners focus on?
- Northlane Capital Partners focuses on Digital Health, Fintech, Healthtech, HR Tech, InsurTech, LegalTech, Logistics & Supply Chain, Medical Devices, Robotics, SaaS.
- Where is Northlane Capital Partners located?
- Northlane Capital Partners is headquartered in Bethesda, US.
- Who does Northlane Capital Partners co-invest with?
- Northlane Capital Partners most often shares deals with Aea Investors, Bregal Sagemount, H.I.G. Capital, among 9 tracked co-investors.
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