What Endicott Group does

Endicott Capital Management, L.L.C. (formerly Endicott Growth Equity Partners, rebranded to Endicott Capital in 2019) is a New York-based private equity firm founded in 1996 by Wayne Goldstein that invests in lower middle-market information services companies. The firm manages closed-end private equity fund vehicles, most recently Endicott Capital II, L.P., which closed in 2024. The investment team comprises four partners (Mike Chinn, Wayne Goldstein, Brad Maneely, Will Pappas) plus principals, associates, a controller, and an executive assistant — a small, senior team drawn from SNL Financial, S&P Global, Salesforce, Goldman Sachs, Lehman Brothers, and Booz Allen Hamilton. As of 2024, the firm's active portfolio consists of eight companies spanning regulatory compliance, legal risk management, Latin American business intelligence, forensic accounting research, food and beverage analytics, government procurement intelligence, cross-media advertising intelligence, and retail intelligence.

Endicott's portfolio companies collectively generate subscription-based enterprise SaaS revenue from B2B buyers across chemical, retail, pharmaceutical, food and beverage, financial services, legal, government, and media sectors. Notable customer penetration includes 3E's 5,000+ global customers (including 9 of the top 10 chemical manufacturers, 8 of the top 10 retailers, and 7 of the top 10 pharmaceutical companies), Datassential's coverage of more than 90% of the world's largest food and beverage brands, MediaRadar's tracking of $200B+ in annual media spend across 5 million brands, aosphere's blue-chip bank, asset manager, and corporate subscriber base, and GovSpend's federal, state, local, and education (SLED) procurement data. Endicott engages actively with portfolio management on strategy, sales process, capital structure, governance, and AI integration, reflecting a hands-on operating model rather than purely financial ownership.

The firm monetizes through traditional private equity mechanics: management fees on committed capital plus carried interest on realizations. Recent exit history includes the $2.2 billion sale of SNL Financial to S&P Global (in which partners held prior operating roles), Radius Bank's acquisition by LendingClub, and ongoing portfolio M&A — including MediaRadar's 2023 acquisition of Kantar's VIVVIX and 3E's three 2024 acquisitions (ChemChain, Quick-FDS, Chemycal). Endicott has explicitly built an AI-centered investment thesis, hosting industry webinars on AI defensibility in data businesses, while portfolio companies increasingly deploy generative AI (Datassential with Claude via Anthropic's API; BNamericas for content production), agentic workflows (GovSpend with MCP servers), and proprietary analytics platforms to extend their data moats.

Name

Endicott Group

Legal name

Endicott Capital Management, L.L.C.

Website

https://endicottgp.com/

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

Endicott Capital is a New York-based private equity firm founded in 1996 that invests in lower middle-market information services companies. It partners with management teams of data, analytics, and regulatory compliance platforms, holding eight active portfolio companies across the US, UK, Chile, and Asia-Pacific.

Ownership category

akta.pro rank

Product category

Private Equity / Investment Management

NAICS

Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Industry-Specialist / Sector-Focused M&A Advisory (FSAEAGAJ)

Keywords

• Private equity investing
• Information services investment
• Growth equity partnerships
• Portfolio management
• Investment advisory services

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Private Equity Fund Management: Endicott Capital generates revenue through management fees and carried interest (performance fees) from its private equity funds (Endicott Capital I, Endicott Capital II, L.P.) investing in information services companies.
2. SaaS / Subscription Revenue (Portfolio Companies): Portfolio companies including 3E, aosphere, BNamericas, CFRA, Datassential, GovSpend, MediaRadar, and RetailStat generate revenue primarily through annual and multi-year SaaS subscriptions, with some transactional and professional services components.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Endicott Group (operating as Endicott Capital) is a private equity firm that invests in lower middle-market information services companies through closed-end funds such as Endicott Capital II, L.P. The firm provides majority and minority capital alongside operational expertise, board representation, and cross-portfolio best-practice sharing to portfolio companies in regulatory compliance, advertising intelligence, government procurement data, food and beverage intelligence, and Latin American business information.

Product overview

Endicott Capital is a private equity firm, not a software product company. Their primary offerings are investment services in the information services sector. The company operates a corporate website for business information and a job board (powered by Getro) for portfolio company recruitment. Endicott does not offer standalone software products or platforms.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• SNL Financial grew from $20M to ~$300M revenue in 4 years post-Endicott team involvement, then sold to S&P Global for $2.2B
• +4 more outcomes

Named customers8 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability9 records

Feature7 records

Partnerships

Three partnerships are on record, tiered minor and core.

• AsymmetrixminorGTM or Marketing PartnerAsymmetrix hosted an exclusive client webinar on 'Winning in the Age of AI' in the Data & Analytics sector, with Endicott Capital Partner Mike Chinn participating as a panelist. The webinar focused on AI defensibility, due diligence, and frameworks for assessing AI risk in data businesses. Endicott Capital facilitated access requests through its website.
• Rockingstone AdvisorsminorGTM or Marketing PartnerRockingstone Advisors (Brandt Sakakeeny) moderated an Endicott Capital webinar on 'Navigating Downturns and the Implications for Investing in the Information Services Sector,' featuring Endicott partners Wayne Goldstein and Mike Chinn.
• Getro Inc.coreChannel Partner/ Reseller/ DistributorGetro Inc. provides the technical platform and services powering the Endicott Capital job board at jobs.endicottgp.com. Getro handles job board operations, candidate management, and cookie/data processing on behalf of Endicott Capital Management, LLC.

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Permira: Permira is a global private equity firm with significant exposure to information services, data, and tech-enabled services, providing a broader-incumbent comparison to Endicott's specialist approach.
• Vista Equity Partners: Vista is the world's largest software-and-data-focused PE firm; while its scale and software-only orientation differ from Endicott's, both pursue data-driven B2B information services investments.
• Thoma Bravo: Thoma Bravo is a leading software-focused PE firm that frequently invests in data, intelligence, and compliance platforms — adjacent to Endicott's information services thesis but at much larger scale and check sizes.

Direct peers

• New Mountain Capital: New Mountain is a US growth-oriented private equity firm with a long-standing focus on information services and data-driven businesses; it is also an Endicott co-investor in Datassential (2024).
• GTCR: GTCR is a Chicago-based private equity firm focused on growth-oriented companies in information services, technology, and financial services — closely overlapping Endicott's sector thesis at the lower middle market.
• Sterling Investment Partners: Sterling is a lower middle-market private equity firm with a long history in information services and tech-enabled business services, comparable to Endicott in deal size and operating orientation.
• Thompson Street Capital Partners: Thompson Street is a St. Louis-based PE firm focused on founder-led tech-enabled and information services companies; it is also a current Endicott co-investor in MediaRadar's VIVVIX acquisition.
• Audax Group: Audax is a Boston-based PE firm specializing in lower middle-market buyouts and platform-build strategies across business services and information services, making it comparable in check size and approach.
• JMI Equity: JMI Equity is a growth equity firm focused on lower middle-market software and information services companies, providing a direct comparable in fund size, sector focus, and partnership investing style.
• Hg Capital: Hg is a London-listed private equity firm that has spent more than two decades investing in information services and data-enabled software businesses, making it the closest direct strategic peer to Endicott's sector-specialist model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/the-endicott-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Endicott Group