Windjammer Capital
Private equityNewport Beach · Growth · 9 people tracked
Also known as Windjammer Management Partners, L.P.
Investment thesis
Windjammer Capital pursues control equity investments in middle-market businesses in partnership with management. It targets companies that are leaders in attractive niche markets and exhibit several key traits: significant and defensible market positions, differentiated products and services, strong management teams, scalable business models, identifiable growth opportunities, and consistent financial performance. The firm supports both organic growth and acquisition-oriented strategies, actively seeking add-on opportunities to build value.
Source: firm website, verified Aug 25, 2026.
Team · 9 people
from the firm's website
What they invest in
from 21 of 52 portfolio companiesAdvanced Manufacturing ×15Hardware ×14New Materials ×4Energy ×3Circular Economy ×2Cleantech ×2FoodTech ×2InsurTech ×2
HQs:United States×4
Investments · 52 tracked
founders shown can be your intro pathDesigner and manufacturer of analytical test and measurement instruments and consumables, a leader in freezing point depression osmolality testing.
Designer and manufacturer of dispensing solutions for the food service and beverage industries.
AXH Air-Coolers manufactures air-cooled heat exchangers, offering a range of standard and custom cooler models.
Advanced ManufacturingEnergyHardware
AXH Air-Coolers manufactures air-cooled heat exchangers and offers a range of standard and custom cooler models.
Advanced ManufacturingEnergyHardware
Supplier of 400+ research-use monoclonal antibodies serving academic, government, and commercial research customers worldwide.
Tech-enabled provider of outsourced medical records retrieval and litigation support services nationally.
Compex Legal Services provides record retrieval, medical record review and summarization, court reporting, and medical/social media canvassing for claims and litigation across all 50 U.S. states.
AI & Machine LearningInsurTechLegalTech
Component Hardware Group manufactures custom industrial components and assemblies using casting, forging, machining, injection molding, and sub-assembly fabrication for the food service, healthcare, construction, and institutional sectors.
Advanced ManufacturingFoodTechHardware
Specialty products supplier to electrical distributors, with product leadership in ground bonding pigtails, lighting whips, and temporary power.
Fecon manufactures vegetation management and natural resource recovery equipment, including forestry mulching heads and mulching tractors such as the FTX600, for the forestry and organic resource recovery industries.
Advanced ManufacturingAgTechConstruction TechHardwareLebanon, US
Bob Dieckman(Chief Executive Officer)Jeff Stanley(Chief Commercial Officer)Jeff Smith(Chief Financial Officer)Brandon Flexsenhar(Chief Operating Officer)
Co-investorsLFM Capital, LLC
Multichannel marketer of science-oriented educational products, content, and lab management SaaS to K-12 and Higher Education markets.
Provider of laboratory testing and data analysis to insurance companies (ITEL brand), testing damaged flooring, roofing, and siding.
Pharmaceutical marketing services firm offering advertising, continuing education, sample fulfillment, and direct-to-customer marketing.
Independent distributor of genuine OEM replacement and repair parts for commercial kitchen equipment across the US and Canada.
Provider of advanced microelectronic packages, engineered components, and interconnect solutions for defense, medical device, and industrial systems.
Global distributor of branded and consumable professional eyecare products and optical accessories across the eye healthcare supply chain.
Hilco Vision is a global eyewear and eye care company that supplies lens care products, eyewear accessories, prescription safety eyewear, lab and dispensing equipment, dry eye products, and ophthalmic pharmaceuticals.
E-commerceHealthtechMedical Devices
Co-investorsA-Rod CorpAllCloudAltitude AcceleratorAmpersandBand of AngelsBlumberg Capital+7 more
B2B direct marketer of radio frequency, microwave, and fiber optic connectors, cables, and components.
Co-investorsGenstar
Provider of intelligent parking systems and payment software, including meters, pay stations, enforcement, and SaaS management with data analytics.
IPS Group develops integrated smart parking technology combining hardware (parking meters, pay stations), software, and data analytics to manage parking, curbside, enforcement, permits, and mobile payments.
GovTechIoTMobility & Transportation
Provider of engineered web process manufacturing components under the Fife, Tidland, and MagPowr brands.
Maxcess provides web handling solutions and converting line equipment—including winding, tension control, guiding, die-cutting, and slitting tools—for manufacturers across industries such as packaging, nonwovens, battery, metals, tire and rubber, and paper.
Advanced ManufacturingHardwareIoT
Designer, manufacturer, and catalog retailer of taxidermy forms and supplies for hunting and fishing enthusiasts.
MFG Chemical is a custom and toll chemical manufacturer that collaborates with customers on projects from ideation through commercialization, offering lab synthesis, pilot plant proof-of-concept, and a range of production reactor types.
Advanced ManufacturingNew Materials
Critical parts and services provider to the nuclear power industry, serving large utility plants and next-generation Small Modular Reactors.
Distributor of genuine OEM repair and maintenance parts for commercial kitchen equipment, with an e-commerce platform and field service support.
Co-investorsLeonard Green
PDU Cables manufactures UL-listed power distribution cables, including labeled and color-coded conduit, for data center infrastructure and mission-critical environments.
Advanced ManufacturingHardware
Advanced manufacturer of high-precision metal components for mission-critical applications in aerospace & defense, medical device, and satellite & space markets.
PrecisionX Group manufactures high-reliability precision metal components using processes such as deep draw and progressive stamping, micro-stamping, Swiss and CNC machining, wire EDM, and metal diaphragm production.
Advanced ManufacturingDefense TechHardwareWaterbury, US
Co-investorsH.I.G. Capital
Radix Wire & Cable designs and manufactures high-temperature wire and cable rated from 125°C to 1010°C for use in extreme and severe environments.
Advanced ManufacturingHardwareNew Materials
Global provider of flow control valves and regulators for LPG, LNG, and cryogenic industrial gases.
Environmental consulting company specializing in remediation of contaminated industrial sites in petroleum, transportation, and utility industries.
North American manufacturer of private label dry shelf-stable dinners and side dishes.
Manufacturer and distributor of identification, tagging, signage, and personalization materials through the Johnson Plastics Plus and Rowmark brands.
TRG manufactures engravable signage and personal identification materials and provides fabrication services, materials, and equipment for signage industry professionals.
Advanced ManufacturingHardwareNew Materials
VRC (Vital Records Control) provides information lifecycle management services, including records information management software, offsite records storage, secure document shredding, health information management, and enterprise content management.
Data & InfrastructureEnterprise SoftwareSaaS
Wunder-Bar designs and manufactures beverage and food dispensing systems, sold through distribution partners and sales representatives.
Advanced ManufacturingFoodTechHardware
Fund performance · per public LP disclosures · 4
as of Dec 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Windjammer Capital Fund VILPs: Minnesota State Board of Investment | 2023 | — | -18.5% | 0.75x | 0.00x |
| Windjammer Senior Equity Fund V, L.P.LPs: Minnesota State Board of Investment | 2017 | — | 14.8% | 1.57x | 0.86x |
| Windjammer Senior Equity Fund IV, L.P.LPs: Minnesota State Board of Investment | 2012 | — | 15.6% | 2.34x | 1.79x |
| Windjammer Mezzanine & Equity Fund IILPs: Minnesota State Board of Investment | 2000 | — | 9.0% | 1.56x | 1.56x |
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 Windjammer Capital made?
- Windjammer Capital has 52 tracked investments.
- What stage does Windjammer Capital invest at?
- Windjammer Capital invests at the Growth stage.
- What is Windjammer Capital's typical check size?
- Windjammer Capital typically writes checks of $8M – $50M.
- What sectors does Windjammer Capital focus on?
- Windjammer Capital focuses on Sector Agnostic.
- Where is Windjammer Capital located?
- Windjammer Capital is headquartered in Newport Beach, US.
- Does Windjammer Capital lead rounds?
- Yes, Windjammer Capital leads investment rounds.
- Who does Windjammer Capital co-invest with?
- Windjammer Capital most often shares deals with A-Rod Corp, Blumberg Capital, Enhanced Capital Partners, among 17 tracked co-investors.
Similar investors
3TS Capital Partners is a private equity and venture capital investor focused on technology and technology-enabled companies, notably in Central and Eastern Europe.
8VC is a venture capital firm investing across logistics, life sciences, healthcare, IT infrastructure, and government/defense, guided by its Smart Enterprise thesis focused on data integration and platform network effects.
Accel is a venture capital firm that partners with exceptional teams, positioning itself as a first partner to founders globally.
AirTree Ventures runs Pathfinders, a free four-week in-person program in Sydney for young builders (high-school graduates up to age 23) to work on a real product, access the AirTree team and founders, and build a peer network.
Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz, known for pioneering the platform model with a large team of operators supporting founders across stages.