Victor Capital Partners
Victor Capital Partners is a New York-based middle-market private equity firm founded in 2016 that invests $25M-$100M in branded lower-middle-market companies across industrial, business services, and specialty consumer sectors, partnering with management teams to drive organic and acquisitive growth.
- Company typePrivate
- Founded2016
- HeadquartersNew York, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Victor Capital Partners does
Victor Capital Partners is a New York-based middle-market private equity firm founded in 2016 by Doug Korn that invests in branded, lower-middle-market companies generating at least $20 million in revenue, deploying $25 million to $100 million of equity capital per transaction across three focus sectors: industrial manufacturing, technologies and services; business services; and specialty consumer products. The firm pursues a "Real Partnership" model, typically partnering with incumbent management teams and often co-investing alongside operating executives (e.g., Gary Kiedaisch at Adventure Ready Brands, Larry Wash at SlipNOT, Ken Fisher and Cal Horton at VP Security Services). Its current portfolio comprises nine platform companies spanning outdoor recreation (Adventure Ready Brands, Owl Outdoors), automotive service equipment (Coats), safety flooring (SlipNOT), retail shelving (B-O-F), security services (VP Security Services), and specialty fenestration (Specialty Fenestration Group), following exits of PrimaLoft ($530M sale to Compass Diversified in 2022) and CodeGreen (sale to Pinchin in 2024).
The firm's revenue model is standard for private equity: management fees charged on committed/invested capital across its funds, supplemented by carried interest on successful exits. Fund II closed in October 2024 at $310 million in capital commitments, exceeding its target. Victor generates deal flow through a combination of an institutional LP and intermediary network, an industry-events presence, direct management-team outreach, and a tiered Victor Incentive Partners (VIP) referral program. The firm supports portfolio company growth through both organic initiatives (e.g., PrimaLoft grew from ~$40M to over $500M in enterprise value during Victor's 2017-2022 hold) and strategic add-on M&A. Operationally, Victor runs a lean team of approximately 15-20 investment professionals across headquarters in New York and offices in Boca Raton and Baltimore.
Victor Capital Partners firmographics
Firmographics- Name
- Victor Capital Partners
- Legal name
- Victor Capital Partners
- Website
- https://victorcapitalpartners.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Victor Capital Partners is a New York-based middle-market private equity firm founded in 2016 that invests $25M-$100M in branded lower-middle-market companies across industrial, business services, and specialty consumer sectors, partnering with management teams to drive organic and acquisitive growth.
- Ownership category
- akta.pro rank
Victor Capital Partners industry classification
Industry- Product category
- Private Equity
- NAICS
- Miscellaneous Intermediation (52391), Other Financial Investment Activities (5239), Miscellaneous Financial Investment Activities (523999)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Investors, Nec (6799)
- akta.pro primary industry
- Late-Stage Venture Capital (Series C+) (FSANAAAC)
Keywords
Where Victor Capital Partners is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Victor Capital Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Management Fees: Victor's primary revenue stream comes from management fees charged on fund assets under management, typically a percentage of committed capital during the investment period.
- Carried Interest: Victor earns carried interest (performance fees) from successful portfolio company exits, typically 20% of profits above a hurdle rate. The firm realized significant carried interest from the $530M PrimaLoft sale to Compass Diversified in 2022.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Victor Capital Partners product offering
Product offeringCore offering
Victor Capital Partners is a middle-market private equity firm that invests $25M-$100M of equity capital per transaction in branded businesses generating at least $20M in revenue. The firm focuses on three sectors: industrial manufacturing/technologies/services, business services, and specialty consumer products, providing capital, strategic support, and operational expertise to help portfolio companies scale organically and through strategic M&A.
Product overview
Victor Capital Partners is a middle-market private equity firm that does not offer a unified product platform but instead invests in and supports a diversified portfolio of branded companies. The firm's investment strategy focuses on three core sectors: industrial manufacturing, technologies and services; business services; and specialty consumer products. The current portfolio includes nine platform companies spanning outdoor recreation (Adventure Ready Brands, Owl Outdoors), advanced materials (PrimaLoft), sustainability services (CodeGreen), safety products (SlipNOT), automotive equipment (Coats), retail shelving (B-O-F), security services (VP Security Services), and specialty fenestration (Specialty Fenestration Group). Each portfolio company operates independently with its own product lines, while Victor Capital provides strategic support, capital, and resources for growth.
Differentiator
Problem solved
Functional benefit
Brands
- Adventure Ready Brands: Outdoor consumer health and safety products including After Bite, Adventure Medical Kits, Ben's, Counter Assault, Natrapel, and other outdoor brands
- Coats
- Owl Outdoors
- B-O-F Corporation
- VP Security Services
- Specialty Fenestration Group
- SlipNOT
Products and services
- Victor Capital Partners Fund II Closed-end private equity fund offered to institutional limited partners, deploying $25M-$100M equity investments in lower middle market branded businesses generating at least $20M in revenue across industrial manufacturing/technology/services, business services, and specialty consumer products sectors. Earns management fees on committed/invested capital and carried interest on profits above a hurdle rate.
- Private Equity Investment Management Services Investment management and value creation services delivered to portfolio companies of Victor Capital Partners, encompassing strategic planning, operational excellence support, organic growth execution, add-on M&A sourcing and integration, board-level governance, and access to the firm's Executive Advisory Board and Lead Operating Partner network. Services are tailored for branded lower middle market businesses and are not sold separately from the firm's fund commitments.
Quantifiable outcome
- PrimaLoft grew from ~$40M to over $500M in enterprise value during Victor's ownership period (2017-2022)
- +2 more outcomes
Companies that use Victor Capital Partners
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles2 records
Victor Capital Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Victor Capital Partners partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Ken FishercoreFormer President of SOS Security partnered with Victor to lead the new security services platform as CEO. Ken Fisher brings deep industry expertise and is building a team of experienced, customer-focused industry leaders.
- Cal HortoncoreFormer President and CEO of First Alarm Security and Patrol partnered with Victor to build the new security services platform alongside Ken Fisher, contributing operational expertise and industry relationships.
- New Value CapitalminorPartnered with Victor in the Owl Outdoor investment; Adam Raper, Managing Partner of New Value Capital, joined Owl Outdoor's Board alongside Victor.
- Larry WashcoreIndustrial products executive (former EVP/CEO of KONE Americas, President of Global Services for Trane/Ingersoll Rand) joined SlipNOT's Board as Chairman to support growth and operational excellence.
- Gary A. KiedaischcoreExperienced CPG executive (former Chairman/CEO of Igloo Products and CEO of Coleman) invested in Tender and serves as Chairman of the Board, bringing operational expertise to grow the outdoor products business.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Victor Capital Partners competitors and assessment
Company assessmentDirect peers
- ZS Fund: ZS Fund is a lower middle market PE firm focused on industrial, business services, and consumer investments with check sizes comparable to Victor Capital. Partner Dave Affinito served as Principal at ZS Fund from 2007-2015, demonstrating direct comparability in investment approach and team composition.
- Irving Place Capital: Irving Place Capital (formerly Bear Stearns Merchant Banking) is a middle-market PE firm focused on branded industrial and consumer businesses, highly comparable to Victor's branded-business thesis. Founder Doug Korn was a Partner for sixteen years at Irving Place Capital, indicating direct lineage in strategy and execution approach.
- Aterian Investment Partners: Aterian Investment Partners is a middle-market PE firm focused on industrials, specialty distribution, and business services with a similar check size range and lower middle market focus as Victor Capital. Alex Youngwall (Victor VP) previously served as VP at Aterian, signaling direct comparability in strategy and team caliber.
- Access Holdings: Access Holdings is a PE firm that builds industry-leading companies through buy-and-build strategies in business services and consumer services, closely mirroring Victor's specialty consumer and business services focus. Matt McLain served as Managing Director at Access Holdings overseeing several consumer and business services buy-and-build strategies.
- Sentinel Capital Partners: Sentinel Capital Partners is a lower middle market PE firm investing in industrial manufacturing and business services, with comparable fund size, deal size, and sector focus as Victor Capital. Associate Liam McCabe previously evaluated and executed transactions at Sentinel, indicating similar deal profiles and operating approach.
- Calvert Street Capital Partners: Calvert Street Capital Partners is a lower middle market PE firm focused on industrial products and services investments, highly comparable to Victor Capital's industrial manufacturing/services focus. Partner Matt McLain led industrial investments at Calvert Street before joining Victor, underscoring the firms' similar theses and execution approach.
- Atlantic Street Capital: Atlantic Street Capital is a lower middle market PE firm focused on industrials, business services, and consumer products, with similar fund size, sector focus, and value creation approach as Victor Capital. Brooks Wunder (Victor VP of Portfolio Operations) previously served as Operating Advisor and VP of Finance at Atlantic Street.
- Staple Street Capital: Staple Street Capital is a middle-market PE firm investing in business services, healthcare, and consumer companies with a partnership-oriented approach similar to Victor's "Real Partnership" philosophy. Andrew Hetzel (Victor VP of Business Development) previously led sourcing at Staple Street, reflecting strong cultural and operational alignment.
- Eos Partners: Eos Partners is a middle-market PE firm focused on industrial, business services, and consumer investments with a lower middle market orientation similar to Victor Capital. Doug Korn was Founding Managing Director at Eos Partners, directly tying the firm's strategy and team pedigree to this peer.
- MPE Partners: MPE Partners is a lower middle market PE firm focused on high-value manufacturing and commercial & industrial services companies, with similar fund size, check size, and sector focus as Victor Capital. Justin Lebek (Victor VP) previously worked at MPE as Senior Associate, indicating strong comparability in deal sourcing and value creation approach.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key highlights7 records
Customer concentration
Victor Capital Partners social profiles
Digital presenceVictor Capital Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Victor Capital Partners leadership team
Management profileNumber of profiles
Profiles15 records
Victor Capital Partners subsidiaries and ownership
Company hierarchySubsidiaries8 records
Victor Capital Partners funding detail
Funding detailFunding overview
Funding rounds2 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Victor Capital Partners M&A and investment
M&A and investmentM&A3 records
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Victor Capital Partners
What does Victor Capital Partners do?
Victor Capital Partners is a middle-market private equity firm that invests $25M-$100M of equity capital per transaction in branded businesses generating at least $20M in revenue. The firm focuses on three sectors: industrial manufacturing/technologies/services, business services, and specialty consumer products, providing capital, strategic support, and operational expertise to help portfolio companies scale organically and through strategic M&A.
Is Victor Capital Partners a public or private company?
Victor Capital Partners is a private company. It is classified as management employee owned and is currently operating.
When was Victor Capital Partners founded?
Victor Capital Partners was founded in 2016. It employs 1 to 10 people.
Where is Victor Capital Partners based?
Victor Capital Partners is headquartered in New York, United States, in the North America region.
How does Victor Capital Partners make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are carried Interest.
Who are Victor Capital Partners's main competitors?
Direct peers on record are ZS Fund, Irving Place Capital, Aterian Investment Partners, Access Holdings, Sentinel Capital Partners, Calvert Street Capital Partners, Atlantic Street Capital, Staple Street Capital, Eos Partners and MPE Partners.
Does Victor Capital Partners have an API?
No public API is recorded for Victor Capital Partners.
What industry is Victor Capital Partners in?
Victor Capital Partners's product category is Private Equity. Its primary akta.pro industry code is FSANAAAC, Late-Stage Venture Capital (Series C+). Its NAICS code is 52391 and its SIC code is 6211.