SkyKnight Capital
- Company typePrivate
- Founded2015
- HeadquartersSan Francisco, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What SkyKnight Capital does
SkyKnight Capital is a private equity firm founded in 2015 that invests in middle-market companies in the healthcare, financial services, and tech-enabled services sectors. The firm is headquartered in Burlingame, California with a regional office in New York, and operates as an independent sponsor with a 30+ person team led by five managing partners (Matthew Ebbel, Mara Hunt, Jordan Milich, Dave Parsons, Robert Bacon) and supported by a dedicated portfolio operations group. As of late 2025, the firm manages over $2 billion of capital across three funds and co-investment vehicles, with SkyKnight Capital Fund III, L.P. closed at a $600 million hard cap in December 2025. The firm pursues control and significant minority investments sourced through direct outreach to business owners, intermediary relationships, and co-investment partnerships, with the current portfolio spanning 17+ companies including IMA Financial Group (insurance brokerage, exited May 2026 at a $4.0 billion valuation), DOCS Dermatology Group, Amwins, Heffernan Insurance Brokers, Core Specialty, Ampirical, NearU, GoodVets, and others.
The firm's revenue model is standard for private equity: management fees charged on committed capital (industry-typical 1.5-2%) and carried interest (typically 20%) on fund profits above the hurdle rate. The investor base for Fund III comprised family offices, foundations, endowments, pensions, and institutional investors. Distribution and deal-sourcing rely primarily on direct networking, industry conferences, and intermediary relationships (investment bankers, business brokers), supported by a professional website and LinkedIn presence. SkyKnight positions itself around integrity, humility, gratitude, and hard work, targeting fragmented industries with secular tailwinds where operational value creation can compound returns. Recognition includes three consecutive years (2023-2025) on Inc. Magazine's Founder-Friendly Investors list.
SkyKnight Capital firmographics
Firmographics- Name
- SkyKnight Capital
- Legal name
- SkyKnight
- Website
- https://skyknightcapital.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
SkyKnight Capital industry classification
Industry- Product category
- Private Equity Fund Management
- NAICS
- Portfolio Management and Investment Advice (52394), All Other Financial Investment Activities (52399)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Large-Cap / Mega-Fund Buyout (FSANABAA)
- akta.pro secondary industry
- Business Services (B2B) Growth Equity (FSANACAD)
Keywords
Where SkyKnight Capital is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
SkyKnight Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D, Others
Revenue model
- Fund Management: SkyKnight Capital generates revenue through management fees charged on committed capital under management (typically 1.5-2% of committed capital) and carried interest (typically 20% of profits above the hurdle rate). The firm manages over $2 billion across three funds and co-investment vehicles.
Go-to-market motion1 record
Marketing channels3 records
SkyKnight Capital product offering
Product offeringCore offering
SkyKnight Capital is a private equity firm that raises institutional funds and deploys capital into control and significant minority investments in middle-market companies. The firm invests across three core sectors — healthcare, financial services, and tech-enabled services — and supports portfolio companies with growth capital, strategic guidance, and operational expertise. Fund III closed at a $600 million hard cap, bringing total assets under management to over $2 billion.
Product overview
SkyKnight Capital is a private equity firm that operates as a single unified investment platform rather than a product company. The firm manages over $2 billion of capital across its funds and co-investment vehicles, with Fund III targeting healthcare, financial services, and tech-enabled services sectors. The investment portfolio includes a diverse set of platform companies spanning healthcare services (DOCS Dermatology, GoodVets, AdaptHealth), insurance and financial services (IMA Financial Group, Amwins, Heffernan Insurance Brokers, Core Specialty, Balavant Insurance Group), essential services (FirstCall Mechanical, Force Electrical Services, NearU, Wasteology Group Holdings, WhiteWater Express), and infrastructure services (Ampirical, MacKay Sposito). The portfolio companies operate independently while benefiting from SkyKnight's capital resources and operational expertise.
Differentiator
Problem solved
Functional benefit
Products and services
- SkyKnight Capital Fund III Private equity fund with a $600 million hard cap targeting healthcare, financial services, and tech-enabled services sectors. The fund exceeded its initial $500 million target and was oversubscribed, reaching its hard cap within five months. LPs (family offices, foundations, endowments, pensions, and institutional investors) commit capital to the fund in exchange for participation in portfolio investments and returns via management fees and carried interest.
Quantifiable outcome
- Fund III oversubscribed and reached $600M hard cap within five months
- +1 more outcomes
Companies that use SkyKnight Capital
Customer profileSegments1 record
Ideal customer profiles2 records
SkyKnight Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
SkyKnight Capital partnerships and signals
Strategic signalScale indicators4 records
Recent moves7 records
Expansion highlights5 records
SkyKnight Capital competitors and assessment
Company assessmentDirect peers
- Shoreline Equity Partners: Lower middle-market PE firm focused on services and distribution businesses, with similar fund size and a thesis of investing in fragmented industries.
- Mainsail Partners: Growth equity firm focused on bootstrapped services and software businesses with comparable fund size and operating partner model similar to SkyKnight's portfolio operations team.
- Dragoneer Investment Group: Growth-oriented investment firm that co-invested with SkyKnight in Simplicity Group. Similar focus on financial services and tech-enabled businesses with comparable deal sizes.
- Trinity Hunt Capital Partners: Middle-market PE firm with comparable fund size and focus on services-oriented businesses, healthcare, and financial services. Similar thesis of building platforms in fragmented industries.
- Guardian Capital Partners: Lower middle-market PE firm investing in healthcare services, financial services, and consumer businesses with a similar fund size and sector focus to SkyKnight.
- Stellex Capital Management: Lower middle-market private equity firm investing in business services and industrial companies with a comparable fund size and operating-focused approach.
- The Stephens Group: Middle-market private equity firm focused on similar sectors that co-invested with SkyKnight in IMA Financial Group and exited together in 2026. Highly comparable strategy, size, and sector focus.
- Centre Partners: Middle-market PE firm focused on consumer, healthcare, and services with comparable fund size and platform-building approach in fragmented industries.
Broad incumbents
- New Mountain Capital: Large growth-oriented PE firm that participated in the IMA recapitalization. Overlaps significantly in healthcare and tech-enabled services investing at a substantially larger fund size.
- Oak Hill Capital: Larger middle-market PE firm that participated as the lead buyer in SkyKnight's IMA Financial Group exit. Operates in similar sectors with overlapping platform-building strategies at a larger scale.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
SkyKnight Capital social profiles
Digital presenceSkyKnight Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
SkyKnight Capital leadership team
Management profileNumber of profiles
Profiles9 records
SkyKnight Capital subsidiaries and ownership
Company hierarchySubsidiaries5 records
SkyKnight Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SkyKnight Capital M&A and investment
M&A and investmentM&A1 record
Investments12 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SkyKnight Capital
What does SkyKnight Capital do?
SkyKnight Capital is a private equity firm that raises institutional funds and deploys capital into control and significant minority investments in middle-market companies. The firm invests across three core sectors — healthcare, financial services, and tech-enabled services — and supports portfolio companies with growth capital, strategic guidance, and operational expertise. Fund III closed at a $600 million hard cap, bringing total assets under management to over $2 billion.
Is SkyKnight Capital a public or private company?
SkyKnight Capital is a private company. It is classified as management employee owned and is currently operating.
When was SkyKnight Capital founded?
SkyKnight Capital was founded in 2015. It employs 11 to 50 people.
Where is SkyKnight Capital based?
SkyKnight Capital is headquartered in San Francisco, United States, in the North America region.
How does SkyKnight Capital make money?
One revenue line is on record: fund Management.
Who are SkyKnight Capital's main competitors?
Direct peers on record are Shoreline Equity Partners, Mainsail Partners, Dragoneer Investment Group, Trinity Hunt Capital Partners, Guardian Capital Partners, Stellex Capital Management, The Stephens Group and Centre Partners. Broad incumbents are New Mountain Capital and Oak Hill Capital.
Does SkyKnight Capital have an API?
No public API is recorded for SkyKnight Capital.
What industry is SkyKnight Capital in?
SkyKnight Capital's product category is Private Equity Fund Management. Its primary akta.pro industry code is FSANABAA, Large-Cap / Mega-Fund Buyout, with a secondary code of FSANACAD, Business Services (B2B) Growth Equity. Its NAICS code is 52394 and its SIC code is 6282.