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Private equityFirmbuyoutlower middle market

Portrait Capital, LLC

Private Equity

New York, NY

Portrait Capital is a private investment firm focused on buying small and mid-sized companies and growing them over the very long-term.

This is the graph view. The full profile, with its team, deals and sources, is on Private Equity.Open the full profile →

Search this name across graphsid dfx:pe:c43a4a87-ea4a-4560-9452-a7f8c763e03d

Data as of Sep 15, 2026 (this record's last observation) from federal regulator filings, firm and issuer disclosures, news and newswire. Page built Sep 20, 2026, 11:23 AM UTC and rebuilt at most every 15 minutes.

Relationships: 20
Dated events: 8
On other graphs: 1
Observed: Sep 13, 2026 to Sep 15, 2026
31 observations

Across DFX

same identity by shared identifier, citation, or a bridge measured by hand

Independent Sponsorsidentity

Portrait Capital, LLC

Capital provider to sponsors · shared crd

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Funds: 4
PE funds: 2
Vintages: 2024 to 2024
PE GAV, 2024 filing: $33.9Mgross asset value on Form ADV; never dry powder
Investments: 8
Active investments: 2
Size band: LOWER MIDDLE MARKETderivedproxy: $0.03bn Private Equity Fund GAV on the Form ADV filed 2024-11-26
Latest ADV filing: Nov 26, 2024
Website: portraitcap.com

Funds

Fund	Vintage	Lifecycle	ADV type	Form D sold	GAV
Mstm Co-Investment Fund, LLC	2024	Unknown	Other Private Fund	n/a	$8.1M
Pcmc Co-Investment Fund, LLC	2024	Unknown	Other Private Fund	n/a	$4.2M
Ms-Pace Co-Investment Fund, LLC	2024	Unknown	Private Equity Fund	n/a	$1.8M
Majority Search Fund, L.P.	n/a	Unknown	Private Equity Fund	n/a	$32.1M

Investments

Company	State	Role	Control	Invested	Exited	Status
Guaranteed Labels	Al	Add on	control	Jul 30, 2026	n/a	active
AAi Labels & Decals	n/a	platform	control	Sep 19, 2025	n/a	active
Durable Label	n/a	unknown	unknown	n/a	n/a	unknown
International	n/a	unknown	unknown	n/a	n/a	unknown
Tire Recycling	n/a	unknown	unknown	n/a	n/a	unknown
Agricultural Commodity	n/a	unknown	unknown	n/a	n/a	unknown
Residential Water	n/a	unknown	unknown	n/a	n/a	unknown
Digital Automation	n/a	unknown	unknown	n/a	n/a	unknown

Relationships

Employs (5)

→ Justin Eric BurrisPersonManager
Oct 1, 2021 to presentfactForm ADV, The subject's own site, News and newswire
→ Tim LudwigPersonManaging Partner
factThe subject's own site
→ Bruce EskesenPersonAssociate
factThe subject's own site
→ Gaurav ShahPersonPartner and Head of Portfolio Operations
factThe subject's own site
→ Timothy Samuel LudwigPersonManager
Oct 1, 2021 to presentfactForm ADV

Invested in (8)

→ Agricultural CommodityCompanyunknown
factThe subject's own site
→ Digital AutomationCompanyunknown
factThe subject's own site
→ Durable LabelCompanyunknown
factThe subject's own site
→ InternationalCompanyunknown
factThe subject's own site
→ Tire RecyclingCompanyunknown
factThe subject's own site
→ Residential WaterCompanyunknown
factThe subject's own site
→ AAi Labels & DecalsCompanyplatform
Sep 19, 2025 to presentfactNews and newswire
→ Guaranteed LabelsCompanyAdd on
Jul 30, 2026 to presentfactNews and newswire

Manages (4)

→ Majority Search Fund, L.P.FundPrivate Equity Fund
Sep 22, 2023 to presentfactForm ADV
→ Mstm Co-Investment Fund, LLCFundOther Private Fund
Jul 2, 2024 to presentfactForm ADV
→ Ms-Pace Co-Investment Fund, LLCFundPrivate Equity Fund
Jul 2, 2024 to presentfactForm ADV
→ Pcmc Co-Investment Fund, LLCFundOther Private Fund
Nov 26, 2024 to presentfactForm ADV

Dated events

4 bookkeeping events (roster, classification and holdings changes) folded below

Occurred
Jul 30, 2026
Transaction announced
AAi Labels & Decals Acquires Guaranteed Labels
News and newswireobserved 6 days ago
Occurred
Sep 19, 2025
Platform investment
Portrait Capital Acquires AAi Labels & Decals and Sticker Ranch to Form Specialty Label Platform
AAi Labels & Decals News and newswireobserved 6 days ago
Occurred
Sep 19, 2025
Transaction announced
Portrait Capital Acquires AAi Labels & Decals and Sticker Ranch to Form Specialty Label Platform
News and newswireobserved 6 days ago
Occurred
Sep 22, 2023
Adviser first adv filing
Portrait Capital, LLC first filed Form ADV in the extract (ERA)
Form ADVobserved 6 days ago

Show 4 bookkeeping events

Occurred
Nov 26, 2024
Pcmc Co-Investment Fund, LLC first reported on Form ADV by Portrait Capital, LLC (Other Private Fund), GAV $4,213,409
Occurred
Jul 2, 2024
Mstm Co-Investment Fund, LLC first reported on Form ADV by Portrait Capital, LLC (Other Private Fund), GAV $8,067,972
Occurred
Jul 2, 2024
Ms-Pace Co-Investment Fund, LLC first reported on Form ADV by Portrait Capital, LLC (Private Equity Fund), GAV $1,760,001
Occurred
Sep 22, 2023
Majority Search Fund, L.P. first reported on Form ADV by Portrait Capital, LLC (Private Equity Fund), GAV $32,140,000

Who to call

the organisation, the role and the published line, with the filing or website that published it; revealed to signed-in accounts

The firm's published line

Revealable: 1 business phone (Form ADV), 1 office address (Form ADV), 1 website (Form ADV) · as of 2026-09-13

Justin Eric Burris
Manager · Revealable: 1 professional profile (firm website), 1 work email (firm website)
Tim Ludwig
Managing Partner · Revealable: 1 professional profile (firm website), 1 work email (firm website)
Bruce Eskesen
Associate · Revealable: 1 work email (firm website)
Gaurav Shah
Partner and Head of Portfolio Operations · Revealable: 1 professional profile (firm website), 1 work email (firm website)

Also named here, with no published line of their own (reach them through the firm): Timothy Samuel Ludwig (Manager).

Who to call is the organisation, the person's role and the line they published themselves: a business phone, office address, website or profile link from Form ADV, Form 13F or their own website, with that source named on every value. The counts above are what a reveal returns; a personal email is rarely published, so most reveals are the firm's line. Never data bought from a provider, never anything personal. Reveals by plan

Provenance

Graph: Private Equity
Canonical id: dfx:pe:c43a4a87-ea4a-4560-9452-a7f8c763e03d
First observed: Sep 13, 2026
Last observed: Sep 15, 2026 5 days ago
Source families: Federal regulator filings, Firm and issuer disclosures, News and newswire
4 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

Portrait Capital, LLC

Private Equity

New York, NY

Portrait Capital is a private investment firm focused on buying small and mid-sized companies and growing them over the very long-term.

This is the graph view. The full profile, with its team, deals and sources, is on Private Equity.Open the full profile →

Search this name across graphsid dfx:pe:c43a4a87-ea4a-4560-9452-a7f8c763e03d

Fund

Vintage

Lifecycle

ADV type

Form D sold

GAV

LPs

Mstm Co-Investment Fund, LLC

2024

Unknown

Other Private Fund

n/a

$8.1M

Pcmc Co-Investment Fund, LLC

2024

Unknown

Other Private Fund

n/a

$4.2M

Ms-Pace Co-Investment Fund, LLC

2024

Unknown

Private Equity Fund

n/a

$1.8M

Majority Search Fund, L.P.

n/a

Unknown

Private Equity Fund

n/a

$32.1M

Company

State

Role

Control

Invested

Exited

Status

Guaranteed Labels

Add on

control

Jul 30, 2026

n/a

active

AAi Labels & Decals

n/a

platform

control

Sep 19, 2025

n/a

active

Durable Label

n/a

unknown

n/a

unknown

International

n/a

unknown

n/a

unknown

Tire Recycling

n/a

unknown

n/a

unknown

Agricultural Commodity

n/a

unknown

n/a

unknown

Residential Water

n/a

unknown

n/a

unknown

Digital Automation

n/a

unknown

n/a

unknown