Landon Capital Partners, LLC

Landon Capital Partners is a registered investment adviser specializing in direct private equity investments in middle market opportunities primarily in the United States. Established in 2015, the firm focuses on acquiring lower middle market private equity buyouts, targeting companies with $5 to $20 million of EBITDA. Landon Capital employs a "buy and build" approach, emphasizing long-term growth and control equity positions. The firm's investment strategy prioritizes companies with recurring revenue, strong free cash flow conversion, and predictable earnings, particularly in sectors like healthcare services, business services, niche manufacturing, and food and beverage. Investors in Landon Capital's Special Purpose Vehicles (SPVs) are not charged management fees but may pay Monitoring Fees and transaction closing fees. The firm receives carried interest based on performance and manages accounts with performance-based compensation. Landon Capital exercises investment discretion for the SPVs and provides ongoing monitoring and financial advisory services to acquired Portfolio Companies. Investment risks include the long-term nature of investments, dependence on key personnel, cybersecurity risks, and the illiquidity of private investments. Landon Capital's Code of Ethics governs personal trading activities, and the firm has custody of SPV assets held by unaffiliated custodians. The firm has discretionary authority over SPV investments and does not intend to take any Portfolio Companies public or invest in publicly traded companies.