Fundraising FoxSt. Cloud Capital
Private equityLos Angeles · Growth–Late Stage · 10 people tracked
Also known as St. Cloud Capital Ii, Llc
Find your way into St. Cloud Capital
2 people in our graph share verified history with the St. Cloud Capital team — schools, employers, funds. One of them is your warm intro.
Investment thesis
St. Cloud Capital targets U.S. lower middle market companies (revenues of $10M-$150M) that fall below the radar of larger private equity firms. It provides flexible growth capital across the capital structure, including senior secured debt, subordinated debt, and minority equity, typically investing $5M-$20M in both control and non-control situations. The firm backs strong management teams and entrepreneurs pursuing expansion, recapitalizations, refinancings, management buyouts, and strategic acquisitions. It invests across industries such as manufacturing, distribution, business services, logistics, consumer, healthcare, and financial services, structuring investments as a combination of debt and equity. The firm also emphasizes impact investing in underserved businesses. It is currently investing from its fourth SBIC fund.
Source: firm website, verified Sep 27, 2026.
Team · 10 people
from the firm's website & public directories
What they invest in
from 22 of 36 portfolio companiesConsumer ×7Enterprise Software ×6Hardware ×5SaaS ×5Healthtech ×4Medical Devices ×4Advanced Manufacturing ×3AI & Machine Learning ×3
HQs:United States×15Croatia×1
Who they back
founder profiles across 8 portfolio companiesFounding team size:solo founder×62 founders×2
Investments · 36 tracked
founders shown can be your intro pathPlanet Fitness operates and franchises fitness centers that offer low-cost memberships starting at $15 per month in a non-intimidating environment, primarily serving members across various fitness levels and socioeconomic backgrounds through approximately 2,900 clubs generating over $1.3 billion in annual revenue.
Colleen Keating(Director and Chief Executive Officer)
Co-investorsTowerBrookWasatch Equity Partners
Lexitas provides technology-enabled legal support services including court reporting, record retrieval, process service, and legal staffing for law firms, insurance companies, and corporations.
AI & Machine LearningEnterprise SoftwareLegalTechSaaS
Apple Montessori Schools operates a chain of early childhood and elementary schools serving families with children from 6 weeks through 18 years old, using the Montessori educational approach.
ConsumerEdTechWarrington, US
Rex BaileyJane Bailey
Apposite Technologies develops network emulation and traffic generation tools that allow enterprises, government agencies, and telecom providers to test application and network performance under real-world conditions before deployment.
Cloud ComputingCybersecurityDefense TechDeveloper ToolsEnterprise SoftwareMarina del Rey, US
PartnerBenjamin Hom· solo GP
Atomica is a U.S.-based microfabrication foundry that provides platforms for AI optical hardware integration, including laser source systems, optical connectivity, and photonic packaging.
Advanced ManufacturingAI & Machine LearningDeep TechHardwareSemiconductorsGoleta, US
Eldon Klaassen(CEO)in
Co-investorsCerium Technology Ventures
Autura (formerly AutoReturn) provides a vehicle tracking and towing management system used by law enforcement agencies and communities to locate towed vehicles.
GovTechLogistics & Supply ChainSaaS
BigRentz operates an online construction equipment rental marketplace that connects contractors with a network of thousands of supplier partners and rental locations across the United States.
Irvine, US
Dallas Imbimbo(Director)Scott Cannon(Chief Executive Officer)inEric Baum(Director)inNeda Imbimbo(Executive Officer)Nicholas Kovacevich(Director)Michael Dean(Director)
Blufox Mobile is a branded partner that retails Comcast XFINITY services including video, high-speed internet, home security, and mobile offerings to residential and business customers across the United States.
ConsumerEnterprise SoftwareRetail Tech
Burke Williams operates a chain of luxury urban day spas offering massage therapy, facials, baths, and aromatherapy treatments across California, with a massage-only concept called Simply Massage and a skincare line called H2V.
ConsumerWellness & FitnessCalifornia, US
Theresa Armour(Co-founder)Bill Armour(Co-founder)in
Co-investorsHCAP Partners
A contract research organization (CRO) that provides clinical trial and regulatory services to pharmaceutical sponsors.
BiotechHealthtechMedical DevicesCharlotte, US
Duncan Solutions provides parking management, tolling, and smart mobility technology services to cities, counties, and state transportation authorities.
GovTechMobility & TransportationSaaSPennsylvania, US
Donald F. Duncan
Co-investorsAnacacia CapitalGallant Capital
Integrated Diagnostic Services operates a network of mobile diagnostic providers delivering diagnostic care at patients' locations.
Digital HealthEnterprise SoftwareHealthtechMedical Devices
Kelly McCullum(CEO)Kurt Stewart(President of Radiology Operations)Rick Navarro(VP Sales & Business Development)
Co-investorsHCAP Partners
Intuitive develops robotic-assisted surgical systems, including the da Vinci systems for minimally invasive surgery and the Ion system for bronchoscopy.
HealthtechMedical DevicesRobotics
Co-investorsKrillion VenturesMayfield FundPFC Family OfficeSierra VenturesSonder Capital
Life Spine develops minimally invasive surgical products and procedural solutions for spinal fusion procedures across cervical, thoracolumbar, and lateral applications.
HardwareHealthtechMedical DevicesHuntley, US
Michael Butler(Founder)in
Sodali advises business leaders on managing shareholder and stakeholder relationships, offering services such as activist ownership analysis, corporate governance, and stakeholder communications.
Enterprise Software
Museum of Illusions is a chain of privately held museums featuring interactive optical illusion exhibits and photo experiences for visitors of all ages.
ConsumerMedia & EntertainmentTravel & HospitalityZagreb, HR
Co-investorsFarol Asset ManagementInvera Equity PartneriBrightwood Capital Advisors
Orangetheory operates a chain of fitness studios offering group workouts combining full-body strength training and cardio, using OTconnect technology to adapt each session to a member's fitness level.
ConsumerSports TechWellness & Fitness
Ellen Latham(Founder)in
Co-investorsHalifax GroupRoark
Pipeworks is a video game development studio that creates AAA blockbusters, indie games, and original titles across multiple platforms and genres, with a focus on Games-as-a-Service models and technical innovation.
GamingEugene, US
Lindsay Gupton(Chief Executive Officer)inRyan Camu(Chief Operating Officer)inDan White(Chief Technology Officer)in
RENOSY by Renters Warehouse provides property management and tenant placement services for owners of single-family, multi-family, and portfolio rental properties.
MarketplacesPropTechSaaS
Revive Infrastructure Group provides telecommunications and utility infrastructure construction services, including telecommunications installation, broadband deployment, and utility contracting across multiple regions.
Construction TechEnergy
Chad Magee(Chief Executive Officer)in
SentinelDNA is an offender management platform providing case management, GPS tracking, and compliance monitoring for law enforcement and corrections agencies.
AI & Machine LearningEnterprise SoftwareGovTechHardwareSaaSAnaheim, US
Robert Contestabile(Founder and Board Chairman)
SH Composites manufactures continuous filament mats and recycled surfacing materials for composite manufacturing processes.
Advanced ManufacturingHardwareNew MaterialsHuntingdon, US
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AR HIITCompact Power EquipmentCompactpowerrentsComputer MotionIntegrated Diagnostic ServicesJibjabLashCoRevive Infrastructure GroupSanta Monica AmusementsSentinel Offender ServicesSTAT HealthSuperior Huntingdon Composites
Exits · 1
1 IPOsPlanet Fitness HoldingsNYSE: PLNT
Fund performance · per public LP disclosures
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| St. Cloud Capital Partners IILPs: Los Angeles City Employees' Retirement System | 2006 | — | -4.2% | 1.40x | 1.39x |
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 St. Cloud Capital made?
- St. Cloud Capital has 36 tracked investments, 1 of which have exited.
- What stage does St. Cloud Capital invest at?
- St. Cloud Capital invests at the Growth, Late Stage stages.
- What is St. Cloud Capital's typical check size?
- St. Cloud Capital typically writes checks of $5M – $20M.
- What sectors does St. Cloud Capital focus on?
- St. Cloud Capital focuses on Advanced Manufacturing, Consumer, Fintech, Healthtech, Logistics & Supply Chain, Sector Agnostic.
- Where is St. Cloud Capital located?
- St. Cloud Capital is headquartered in Los Angeles, US.
- Does St. Cloud Capital lead rounds?
- Yes, St. Cloud Capital leads investment rounds.
- Who does St. Cloud Capital co-invest with?
- St. Cloud Capital most often shares deals with HCAP Partners, Krillion Ventures, Mayfield Fund, among 12 tracked co-investors.
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