Tecum Capital Partners
Tecum Capital Partners is a Pittsburgh-based multi-strategy private investment firm operating four SBIC-licensed mezzanine debt and equity funds and a TEAM multi-family office control equity platform, deploying $5–$340M across U.S. lower middle market companies ($10–$100M revenue, $3–$10M EBITDA) with $1B+ invested across 135+ transactions since 2006.
- Company typePrivate
- Founded2006
- HeadquartersWexford, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Tecum Capital Partners does
Tecum Capital Partners is a U.S. lower middle market private investment firm headquartered in Wexford (Pittsburgh), Pennsylvania, founded in 2006 as F.N.B. Capital Corporation and spun off as an independent firm in 2013. The firm operates a multi-strategy platform across two complementary vehicles: a Junior Capital franchise built around four SBA-licensed Small Business Investment Company (SBIC) funds (Fund I 2013 at $175M, Fund II 2017 at $265M, Fund III 2021 at $305M, Fund IV 2025 at $340M), and a separate Control Equity platform called TEAM (Tecum Equity Alpha Management), structured as a multi-family office backed by Western Allegheny Capital. The Junior Capital strategy provides subordinated debt, minority equity, and opportunistic control equity co-investments of $5–$20 million per transaction in U.S. businesses with $10–$100 million in revenue and $3–$10 million in EBITDA; the Control Equity strategy acquires controlling stakes in businesses with $2–$6 million of EBITDA on behalf of family offices and high-net-worth investors using a patient, long-term capital model.
The firm's technology stack is its regulatory and platform architecture rather than software: SBIC licensing provides 2-to-1 SBA leverage on privately raised capital, creating a structural cost-of-capital advantage, and the TEAM multi-family office structure enables control investments without the timing pressure of limited-term funds. A 16-person team (13 investment professionals) with 18+ years of shared investing history operates from a single office in a flat organizational structure designed to support collaborative deal sourcing and portfolio management. The firm has invested over $1 billion in 135+ platform and add-on transactions across industrial, business services, healthcare, manufacturing, distribution, food and beverage, and consumer verticals, frequently co-investing with independent sponsors, family offices, and committed funds (CQL, ScaleCo, Ironwood, Borgman, NewSpring, Validor, C3 Capital, Periscope, Fireman, Akoya, and others).
Tecum's revenue model is the standard private fund manager construct: recurring management fees on committed and invested capital across the SBIC funds and the TEAM platform, supplemented by investment returns (interest on subordinated debt, equity appreciation, and carried interest on realizations). Distribution is direct and relationship-based — no external distribution channels — relying on repeat co-investor relationships, investment banking intermediaries (FOCUS Investment Banking, Hyde Park Capital, R.W. Baird), a "Refer a Business" portal, regional brand presence in Western Pennsylvania, and industry association participation (SBIA, ACG Pittsburgh). The firm is privately held; in September 2025 it received a strategic minority equity investment from Cantilever Group, a middle-market GP-stakes specialist.
Tecum Capital Partners firmographics
Firmographics- Name
- Tecum Capital Partners
- Legal name
- Tecum Capital Management, Inc.
- Website
- https://tecum.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Tecum Capital Partners is a Pittsburgh-based multi-strategy private investment firm operating four SBIC-licensed mezzanine debt and equity funds and a TEAM multi-family office control equity platform, deploying $5–$340M across U.S. lower middle market companies ($10–$100M revenue, $3–$10M EBITDA) with $1B+ invested across 135+ transactions since 2006.
- Ownership category
- akta.pro rank
Tecum Capital Partners industry classification
Industry- Product category
- Private Equity & Mezzanine Capital
- NAICS
- Other Investment Pools and Funds (5259), Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Secondary Venture Funds (VC Secondaries) (FSANAAAK)
- akta.pro secondary industries
- Venture Capital Secondaries (LP Interests & Direct Secondaries) (FSANAFAJ), Secondaries Co-Investments & Annex Funds (FSANAFAF)
Keywords
Where Tecum Capital Partners is headquartered
LocationHeadquarters
- HQ city
- Wexford
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Tecum Capital Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Junior Capital Fund Management Fees & Investment Returns: Earns management fees on committed capital across four SBIC-licensed mezzanine/equity funds, plus returns from subordinated debt interest, equity appreciation, and opportunistic control equity investments in lower middle market companies. Investment sizes of $5–20 million per transaction.
- Control Equity (TEAM) Multi-Family Office Returns: Generates returns through control equity acquisitions of businesses with $2–$6 million EBITDA on behalf of family offices and high-net-worth investors. Long-term investment horizon with no limited-term fund timing pressure; investment sizes of $10–$100 million (revenue) and $2–$6 million (EBITDA).
- SBA Leverage on SBIC Funds: SBIC funds receive 2-to-1 matching leverage from the U.S. Small Business Administration, expanding the capital base available for investment beyond privately raised commitments. Fund III closed at $305 million with 21 banks as investors; Fund IV licensed in 2025.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Junior Capital: $5–$20 million investment per transaction |
| Other | Multi-year contract | Control Equity (TEAM): $10–$100 million revenue targets; $2–$6 million EBITDA |
Go-to-market motion4 records
Distribution channels4 records
Marketing channels10 records
Tecum Capital Partners product offering
Product offeringCore offering
Tecum Capital Partners is a multi-strategy private investment firm that deploys capital into U.S. lower middle market companies through two core strategies: (1) Junior Capital — SBIC-licensed mezzanine debt and minority equity investments of $5–$20 million per transaction in businesses with $10–$100 million revenue and $3–$10 million EBITDA, and (2) Control Equity — long-term control equity buyouts of $2–$6 million EBITDA companies via the Tecum Equity Alpha Management (TEAM) multi-family office platform. The firm manages four consecutive SBIC-licensed funds (Fund I 2013 through Fund IV 2025) representing $1 billion+ in cumulative capital deployed across 135+ transactions.
Differentiator
Problem solved
Functional benefit
Brands
- TEAM (Tecum Equity Alpha Management): Separate equity control strategy and multi-family office representing small to medium-sized family offices and high-net-worth investors seeking direct exposure to control equity investments. Targets businesses with $2-6 million of EBITDA.
Products and services
- Junior Capital (SBIC Mezzanine Debt & Minority Equity) Subordinated debt and minority equity co-investment capital of $5–$20 million per transaction in U.S. lower middle market companies with $10–$100 million revenue and $3–$10 million EBITDA. Supports buyouts led by independent sponsors, family offices, committed funds, and management teams. Deployed through four consecutive SBIC-licensed funds (Fund I 2013, Fund II 2017, Fund III 2021, Fund IV 2025) with 2-to-1 SBA leverage. Hold period up to 7 years. Excludes real estate, start-ups, project financing, and bridge loans.
- Control Equity (TEAM Multi-Family Office Platform) Control equity investment capital in buyout and management-led recapitalization transactions in growth-oriented businesses with $2–$6 million EBITDA and $10–$100 million revenue. Structured as a multi-family office representing small to medium-sized family offices and high-net-worth investors. Provides long-term investment horizon without the timing pressure of limited-term fund structures. Investment sizes $10–$100 million revenue.
Quantifiable outcome
- $1 billion+ invested since inception (2006)
- +6 more outcomes
Companies that use Tecum Capital Partners
Customer profileNamed customers20 records
Segments5 records
Ideal customer profiles3 records
Tecum Capital Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Tecum Capital Partners partnerships and signals
Strategic signalPartnerships
22 partnerships are on record, tiered flagship, core and minor.
- Prodos Capital and Manolin Investment GroupflagshipStrategic partnership with Procare Ambulance (Baltimore-based provider of emergency and non-emergency medical transportation services). Tecum Capital, Genesis Park Capital, and SharpVue Capital provided additional growth capital. Hyde Park Capital served as the exclusive investment banker. Partnership supports geographic expansion into Virginia, Mobile Integrated Health program, and workforce/fleet investments.
- Hyde Park CapitalcoreServed as the exclusive investment banker for the Procare Ambulance strategic partnership with Prodos Capital and Manolin Investment Group (June 2026). Recurring investment banking intermediary for Tecum's deal flow.
- National OakminorAcquired Tecum-backed Automotive Systems Warehouse (ASW) in March 2026. ASW, a Pittsburgh-based automotive distributor owned by Tecum since 2022, expanded operations before being sold to National Oak.
- CQL CapitalflagshipLed strategic investment in Erie Strayer Company (4th-generation family-owned concrete batching plant manufacturer). Tecum Capital, Star Mountain Capital, Everside Capital Partners, Brookside Capital Partners, and UMB Private Investments provided growth capital alongside CQL Capital. Based in Manhattan Beach, California, CQL Capital is a private equity firm.
- Inyarek PartnersflagshipCo-developed Guardian Propane Partners, an operator-led propane platform, with Tecum Capital. Inyarek Partners is an investment firm focused on building enduring businesses. The platform simultaneously completed its inaugural acquisition of F.A. Days & Sons (Outer Cape of Massachusetts).
- Armstrong Group of CompaniesflagshipFormed SupplyCo, a leading industrial supply platform, with the Armstrong Group through combination of Precision Abrasives, Huston Group, Gallaway Safety & Supply, and D&S Tool. Tecum Equity Alpha Management (TEAM) is the investing vehicle; focused on technical service and solutions for industrial, manufacturing, and field service applications.
- Expedition Capital and Ironwood CapitalcoreRecapitalized Cox Transportation Services alongside Tecum Capital (November 2020). Cox Transportation provides truckload freight services across the U.S.
- Akoya Capital PartnerscoreCo-invested with Tecum Capital in the acquisition of Primetac Corporation (industrial packaging materials distributor) and Converged Security Solutions. Akoya Capital Partners participated as private equity co-investor.
- U.S. Small Business Administration (SBA)flagshipSBA issues SBIC licenses to Tecum Capital's funds, enabling 2-to-1 leverage financing from the SBA. Four consecutive SBIC licenses obtained: Fund I (2013, $180M deployed), Fund II (2017, $265M deployed), Fund III (2021, $305M), Fund IV (2025, $340M SBIC). SBIC licensing is a foundational regulatory partnership underpinning the firm's capital model.
- ScaleCo CapitalcoreCleveland-based private equity firm that partnered with Tecum Capital in the investment in TPI Efficiency, a Cleveland-based energy procurement, energy management solutions, and sustainability consulting firm (May 2025).
- Borgman CapitalcorePartnered with Tecum Capital to acquire Gilman Cheese Corporation (March 2019). Borgman led the majority recapitalization; Tecum provided subordinated debt and equity.
- Fireman Capital PartnerscorePartnered with Tecum Capital in the acquisition of Bandon Holdings, the largest franchisee of Anytime Fitness, in May 2018. Fireman Capital Partners led the transaction.
- C3 Capital PartnerscoreCo-invested with Tecum Capital in BP Express (2017) and National Power (2019) transactions. C3 Capital Partners participated as a financial co-investor in multiple deals.
- Weinberg Capital GroupcoreRecapitalized HoodMart (2016) and Convenience Valet (2015) with Tecum Capital. Weinberg Capital Group led transactions with $10 million of mezzanine and equity financing from FNBCP.
- Rising Point CapitalcorePartnered with Tecum Capital as a co-investor in Conco Services. Rising Point Capital is a portfolio co-owner alongside Tecum Capital in Conco Services.
- NewSpring CapitalcoreMember of the SBIC capital syndicate that partnered with Capital Alignments Partners, Petra Capital Partners, and Tecum Capital to acquire Aging With Comfort (April 2021), a Philadelphia-based home care agency.
- Validor CapitalcoreCo-invested with Tecum Capital in BICO Steel (October 2018) and The Marwin Company (May 2017, the first investment from the new SBIC fund). Validor Capital participated as a private equity co-investor.
- NewHold EnterprisescorePartnered with Tecum Capital to support second-generation leadership of F&S Tool (September 2020). NewHold Enterprises co-led the recapitalization alongside Tecum.
- North River CapitalcoreCo-invested with Tecum Capital in Auburn Gear acquisition in 2014. North River Capital led the acquisition of Auburn Gear.
- Periscope EquitycoreRecapitalized CISCOR (later Sentrics) with Tecum Capital and Kian Capital in 2016. Periscope Equity led the transaction.
- Framework CapitalcoreCo-invested with Tecum Equity in the acquisition of Gibraltar Cable Barrier Systems, a leading high-tension cable barrier system, in October 2017.
- FOCUS Investment BankingcoreTecum sourced the VfD Technologies opportunity through its relationship with FOCUS Investment Banking (October 2020). FOCUS is a recurring deal sourcing intermediary for Tecum Capital.
Scale indicators10 records
Recent moves14 records
Expansion highlights6 records
Tecum Capital Partners competitors and assessment
Company assessmentDirect peers
- Periscope Equity: Lower middle market PE firm partnering with Tecum on recapitalizations (CISCOR/Sentrics, 2016). Similar investment size, sector mix, and SBIC-aligned structures.
- NewSpring Capital: Lower middle market PE firm with multiple SBIC-licensed mezzanine and equity funds, frequently co-investing alongside Tecum (e.g., Aging With Comfort, 2021). Operates in the same U.S. lower middle market segment with comparable check sizes and strategy mix.
- Ironwood Capital: SBIC-licensed lower middle market mezzanine and equity investor based in the Northeast, co-investing with Tecum on multiple deals (e.g., Cox Transportation Services, 2020). Directly comparable strategy, deal size, and customer segment.
- Capital Alignments Partners: Lower middle market PE firm that has partnered with Tecum on SBIC syndications (Aging With Comfort, 2021). Operates with similar mezzanine/equity structures in the same lower middle market.
- Petra Capital Partners: SBIC-licensed mezzanine/equity investor in the lower middle market that co-invested with Tecum (Aging With Comfort, 2021). Same strategy, ticket size, and target customer profile.
- C3 Capital Partners: Lower middle market PE firm with SBIC program involvement, recurring Tecum co-investor on transactions such as BP Express and National Power. Closely comparable product offering and deal sourcing.
- Fidus Investment Capital: Lower middle market debt and equity capital provider with SBIC platform; sources talent into Tecum (multiple alumni) and operates in the same fund size and check size range with similar mezzanine/equity hybrid offerings.
- Validor Capital: Private equity co-investor and recurring partner with Tecum on lower middle market transactions (BICO Steel, The Marwin Company). Comparable strategy, geography, and target company profile.
- Borgman Capital: Lower middle market PE firm that has led majority recapitalizations alongside Tecum's subordinated debt and equity (Gilman Cheese Corporation, 2019). Directly comparable check size and strategy mix.
Emerging players
- Generation Growth Capital: Lower middle market PE firm with SBIC-licensed funds focusing on similar transaction sizes and minority/control equity strategies; overlapping target company segments and geographic reach in the U.S. Midwest.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Tecum Capital Partners social profiles
Digital presenceTecum Capital Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tecum Capital Partners leadership team
Management profileNumber of profiles
Profiles10 records
Tecum Capital Partners subsidiaries and ownership
Company hierarchySubsidiaries1 record
Tecum Capital Partners funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tecum Capital Partners M&A and investment
M&A and investmentM&A2 records
Investments28 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tecum Capital Partners
What does Tecum Capital Partners do?
Tecum Capital Partners is a multi-strategy private investment firm that deploys capital into U.S. lower middle market companies through two core strategies: (1) Junior Capital — SBIC-licensed mezzanine debt and minority equity investments of $5–$20 million per transaction in businesses with $10–$100 million revenue and $3–$10 million EBITDA, and (2) Control Equity — long-term control equity buyouts of $2–$6 million EBITDA companies via the Tecum Equity Alpha Management (TEAM) multi-family office platform. The firm manages four consecutive SBIC-licensed funds (Fund I 2013 through Fund IV 2025) representing $1 billion+ in cumulative capital deployed across 135+ transactions.
Is Tecum Capital Partners a public or private company?
Tecum Capital Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Tecum Capital Partners founded?
Tecum Capital Partners was founded in 2006. It employs 11 to 50 people.
Where is Tecum Capital Partners based?
Tecum Capital Partners is headquartered in Wexford, United States, in the North America region.
How does Tecum Capital Partners make money?
Three revenue lines are on record. Junior Capital Fund Management Fees & Investment Returns are the primary driver. The others are control Equity (TEAM) Multi-Family Office Returns and SBA Leverage on SBIC Funds.
Who are Tecum Capital Partners's main competitors?
Direct peers on record are Periscope Equity, NewSpring Capital, Ironwood Capital, Capital Alignments Partners, Petra Capital Partners, C3 Capital Partners, Fidus Investment Capital, Validor Capital and Borgman Capital. Generation Growth Capital is listed as an emerging player.
Does Tecum Capital Partners have an API?
No public API is recorded for Tecum Capital Partners.
What industry is Tecum Capital Partners in?
Tecum Capital Partners's product category is Private Equity & Mezzanine Capital. Its primary akta.pro industry code is FSANAAAK, Secondary Venture Funds (VC Secondaries), with a secondary code of FSANAFAJ, Venture Capital Secondaries (LP Interests & Direct Secondaries). Its NAICS code is 5259 and its SIC code is 6282.