Private equity independent sponsors in Pennsylvania

• Every row is a firm that cleared the DFX verified sponsor test: evidence that it buys companies deal by deal with capital raised for each deal, rather than from a committed fund.
• Deals observed counts distinct companies the firm was named as buying in a dated announcement DFX holds. Form D vehicles counts the deal vehicles it filed with the SEC.
• Ranked by deals observed, then Form D vehicles, then the date of the latest dated activity.
• Location is the headquarters state on the firm's record. A firm with no recorded state is not placed in any state.

Included

• Firms DFX classes as verified independent sponsors with a headquarters state of Pennsylvania on their record.

Left out

• Candidates, unverified sponsor groups and deal vehicles named after a group: they are a research list, not sponsors.
• Committed-fund private equity firms, family offices and search funds.
• Verified sponsors with no headquarters state on record.

• Pennsylvania ranks 10 of 26 states by verified independent sponsors headquartered there.
• 1 of these firms has at least one completed deal on record, 13 deals in all.
• Pittsburgh is the most common headquarters city, with 2 firms.
• 228 verified sponsors have no headquarters state on record and appear on no state page, so state counts are a floor.

• Independent sponsors in Texas
• Independent sponsors in California
• Independent sponsors in New York
• Independent sponsors in Florida
• Independent sponsors by state
• Who finances independent sponsor deals

• SEC Form D filings (each vehicle a sponsor files to raise capital for one deal)
• Announcements of completed deals naming the buyer, read by DFX and linked to the companies bought
• The sponsor's own website, where it publishes its portfolio and its investment criteria

Every source DFX reads is listed with its rights determination on the sources page.

• Every verified independent sponsor
• Deals by sector
• How DFX verifies a sponsor