Caltius Capital Management
Caltius Capital Management is an independent, employee-owned investment firm providing private equity and junior capital solutions to U.S. lower middle market companies through Caltius Equity Partners and Caltius Structured Capital, targeting $7M-$50M investments in business services, industrial, IT, and consumer sectors.
- Company typePrivate
- Founded1997
- HeadquartersLos Angeles, United States
- Headcount—
- GTM typeB2B
- OfferingServices
What Caltius Capital Management does
Caltius Capital Management, LP is a privately held, employee-owned investment firm founded in 1997 and headquartered at 11766 Wilshire Blvd in Los Angeles, California. The firm operates through two complementary sub-brands: Caltius Equity Partners, which makes control and substantial minority equity investments of $15M-$30M in lower middle market companies with $2M-$12M of EBITDA across business services, industrial services, IT and managed services, and consumer services; and Caltius Structured Capital, which provides junior capital solutions of $7M-$50M including senior debt, junior debt, preferred equity, common equity, and unitranche financing to companies with $15M-$250M of annual revenue. Across both platforms, the firm targets the capital gap between senior bank financing and traditional private equity, structuring flexible, custom-fit solutions that allow business owners to retain control while accessing growth, recapitalization, buyout, and acquisition financing capital.
The firm is registered with the U.S. Securities and Exchange Commission as an investment adviser and sources investments through direct origination via professional networks, intermediaries, and referrals rather than competitive auctions. Over 25+ years, Caltius has completed more than 50 acquisitions, with Caltius Structured Capital executing 80+ deals and Caltius Equity Partners executing 30+ deals, deploying over $1B of enterprise value across multiple funds. The most recent vehicle, Caltius Equity Partners' fifth fund, closed at $230M in July 2026. The firm generates revenue through management fees on committed capital and performance-based carried interest on realizations, with revenue figures not publicly disclosed.
The team of approximately 20+ professionals is led by President and CEO Jim Upchurch and Managing Directors spanning both platforms, several of whom have been with the firm since its 1997 inception. Leadership backgrounds include senior roles at KPMG, EY, Deloitte, McKinsey, Morgan Stanley, HSBC, Permira, GE Capital, and other financial institutions, and the firm is recognized as a Best Places to Work in Money Management organization. Caltius operates exclusively in the United States across at least 18 states, with no international footprint disclosed, and co-invests with sponsors including RedBird Capital Partners, Stonebridge Partners, True West Capital Partners, Vicente Capital Partners, and Growth Capital Partners.
Caltius Capital Management firmographics
Firmographics- Name
- Caltius Capital Management
- Legal name
- Caltius Capital Management, LP
- Website
- https://caltius.com
- Company type
- Private
- Founded year
- 1997
- Operating status
- Operating
- Short description
- Caltius Capital Management is an independent, employee-owned investment firm providing private equity and junior capital solutions to U.S. lower middle market companies through Caltius Equity Partners and Caltius Structured Capital, targeting $7M-$50M investments in business services, industrial, IT, and consumer sectors.
- Ownership category
- akta.pro rank
Caltius Capital Management industry classification
Industry- Product category
- Private Equity & Mezzanine Capital
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Middle-Market Lending (FSANADAI)
Keywords
Where Caltius Capital Management is headquartered
LocationHeadquarters
- HQ city
- Los Angeles
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Caltius Capital Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Fund Management Fees: Management fees charged on committed capital under management across Caltius Equity Partners and Caltius Structured Capital funds
- Carried Interest (Performance Fees): Performance-based carried interest from successful fund realizations and portfolio company exits
- Investment Returns: Returns from equity and debt investments in portfolio companies through Caltius Equity Partners (control/substantial minority equity) and Caltius Structured Capital (junior debt and minority equity)
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
Caltius Capital Management product offering
Product offeringCore offering
Caltius Capital Management provides junior capital solutions — including subordinated debt, mezzanine debt, unitranche financing, preferred equity, common equity and control equity — to U.S. lower middle market companies with $15-250 million in annual revenue and $2-12 million EBITDA. Through its two divisions (Caltius Equity Partners and Caltius Structured Capital), the firm invests $7-50 million per transaction to support buyouts, recapitalizations, growth capital and acquisition financing for Business Services, Industrial Services, IT & Managed Services, and Consumer Services companies.
Product overview
Caltius Capital Management operates two distinct investment sub-brands: Caltius Equity Partners provides private equity (control and minority equity) investments in the lower middle market, while Caltius Structured Capital provides junior debt and minority equity capital solutions. The two divisions serve complementary roles—Equity Partners focuses on control transactions with $15-30M investments, while Structured Capital focuses on flexible junior capital with $7-50M investments enabling business owners to maintain control.
Differentiator
Problem solved
Functional benefit
Products and services
- Caltius Equity Partners Private equity arm of Caltius Capital Management providing control and substantial minority equity investments ($15-30 million per transaction) to U.S. lower middle market companies with $2-12 million EBITDA across Business Services, Industrial Services, IT & Managed Services, and Consumer Services sectors. Supports buyouts, recapitalizations, growth capital and acquisition financing for founders, family-owned businesses and management teams seeking a long-term operating partner.
- Caltius Structured Capital Junior capital solutions provider offering $7-50 million of senior debt, junior (subordinated) debt, preferred equity, common equity and unitranche financing to U.S. middle market companies with $15-250 million annual revenue. Enables business owners to maintain control while accessing growth, acquisition, refinancing or recapitalization capital.
Quantifiable outcome
- Over $1 billion of enterprise value acquired since 1999
- +2 more outcomes
Companies that use Caltius Capital Management
Customer profileNamed customers12 records
Segments5 records
Ideal customer profiles4 records
Caltius Capital Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Caltius Capital Management partnerships and signals
Strategic signalScale indicators8 records
Recent moves5 records
Expansion highlights5 records
Caltius Capital Management competitors and assessment
Company assessmentDirect peers
- Golub Capital: One of the largest middle-market direct lenders and junior capital providers in the U.S. Closest large-scale comparable to Caltius Structured Capital in product set (unitranche, mezzanine, minority equity) and customer segment (lower middle market companies).
- CIVC Partners: Chicago-based private equity firm focused on the lower middle market with $2-12M EBITDA targets. Highly comparable to Caltius Equity Partners in deal size, structure, and sector focus; Caltius co-founder Michael Morgan previously worked at CIVC.
- Trinity Hunt Partners: Lower middle-market private equity firm based in Dallas focused on founder-led businesses with $10-75M EBITDA. Directly comparable to Caltius Equity Partners in deal size and sector focus.
- Graycliff Partners: Lower middle-market PE firm providing both growth capital and control investments. Comparable to Caltius Equity Partners in size, structure, and middle-market focus.
- Stonebridge Partners: White Plains, NY-based lower middle-market private equity firm. Direct peer of Caltius Equity Partners; co-invested with Caltius Structured Capital in Paramount Mechanical Corporation.
- Antares Capital: Major middle-market direct lender offering unitranche, leveraged loans, and junior capital. Closest functional peer to Caltius Structured Capital in deal structure and customer segment.
- Riverside Partners: Boston-based lower middle-market PE firm investing in healthcare, technology, and business services. Comparable to Caltius Equity Partners in size and sector breadth.
- Linsalata Capital Partners: Middle-market private equity firm focused on control and significant minority equity investments in business services, value-added distribution, and manufacturing. Closely comparable to Caltius Equity Partners on size, sector, and structure.
- Madison Capital Funding: Middle-market direct lender focused on unitranche and second-lien loans. Comparable to Caltius Structured Capital in product mix and target customer profile.
Broad incumbents
- Ares Capital: Largest publicly traded BDC with broad middle-market direct lending capabilities. Overlaps significantly with Caltius Structured Capital in lower middle market lending, but operates at a much larger scale and broader product set.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Caltius Capital Management social profiles
Digital presenceCaltius Capital Management compliance and trust
Trust signalCompliance1 record
Caltius Capital Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Caltius Capital Management leadership team
Management profileNumber of profiles
Profiles15 records
Caltius Capital Management subsidiaries and ownership
Company hierarchySubsidiaries2 records
Caltius Capital Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Caltius Capital Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Caltius Capital Management
What does Caltius Capital Management do?
Caltius Capital Management provides junior capital solutions — including subordinated debt, mezzanine debt, unitranche financing, preferred equity, common equity and control equity — to U.S. lower middle market companies with $15-250 million in annual revenue and $2-12 million EBITDA. Through its two divisions (Caltius Equity Partners and Caltius Structured Capital), the firm invests $7-50 million per transaction to support buyouts, recapitalizations, growth capital and acquisition financing for Business Services, Industrial Services, IT & Managed Services, and Consumer Services companies.
Is Caltius Capital Management a public or private company?
Caltius Capital Management is a private company. It is classified as management employee owned and is currently operating.
When was Caltius Capital Management founded?
Caltius Capital Management was founded in 1997.
Where is Caltius Capital Management based?
Caltius Capital Management is headquartered in Los Angeles, United States, in the North America region.
How does Caltius Capital Management make money?
Three revenue lines are on record. Fund Management Fees are the primary driver. The others are carried Interest (Performance Fees) and investment Returns.
Who are Caltius Capital Management's main competitors?
Direct peers on record are Golub Capital, CIVC Partners, Trinity Hunt Partners, Graycliff Partners, Stonebridge Partners, Antares Capital, Riverside Partners, Linsalata Capital Partners and Madison Capital Funding. Ares Capital is listed as a broad incumbent.
Does Caltius Capital Management have an API?
No public API is recorded for Caltius Capital Management.
What industry is Caltius Capital Management in?
Caltius Capital Management's product category is Private Equity & Mezzanine Capital. Its primary akta.pro industry code is FSANADAI, Middle-Market Lending. Its NAICS code is 523 and its SIC code is 6159.