American Pacific Group
We BuildExcellence Taking Businesses to New Heights American Pacific Group is a leading private equity firm partnering with companies seeking transformational growth. $1.2B AUM 13 Platforms 24 Add-Ons Q Process Measured and Focused Change The Q Process is a systematic total company planning process that rests on the long established methodologies for enhancing operational excellence. […]
- Regulatory AUM
- $1.3B
- PE fund assets
- $676M
- PE funds
- 4
- Investments held
- 3 of 15
- Deals, last 12 months
- 1
25 additional team members, 1 additional counterparty or placement agent, 15 additional funds, deals and LP commitments, 2 events
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 1 deal1 exit, 180 days
1 deal since 1 Sep 2026: sold ServerLIFT (1 Sep).
Buying and selling in the same season: capital is being put to work and returned, which is when bankers and co-investors get calls.
People to know
View all people- Managing DirectorWhy: Managing directorProfile
- Managing DirectorWhy: Managing directorProfile
- Managing MemberWhy: Named with investment responsibilityProfile
Capital path
who backs this record, through what, into what; each name opens its own path- American Pacific Group Fund II, L.P.vintage 2023
- American Pacific Group Fund I, L.P.vintage 2020
- North Pointfinancial adviser, 1 shared
- Solomon Partnersfinancial adviser, 1 shared
- Jones Daylegal adviser, 1 shared
Relationship network
58 connected entities3 observed deals1 repeat counterpartydeals 2020 to 2026
From announced deals and their parties, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the private equity graph. Dollar figures appear only where a source disclosed one.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the deals and sources behind it. Line weight is deals together; dashed lines are inferred.
- Company
- Service provider
- Fund or vehicle
- Person
›How strength and recency are read
Strength is read from the deals: three or more is a strong observed relationship, two a repeat counterparty, one a single interaction. People and vehicles are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
Classification, Form ADV and stated criteria
Classification, Form ADV and stated criteria
How this organization is classified, and on what basisBuyout firm · 3 in historyShowHide
- Class
- Buyout firmprobable, confidence 80%
- Basis
- Own website statement
- Size band
- Lower middle marketdefined by: proxy: $0.53bn Private Equity Fund GAV on the Form ADV filed 2024-05-02
Classification history (3)
- Sep 16, 2026Buyout firm (probable, 80%)Own website statement“American Pacific Group is a leading private equity firm partnering with companies seeking transformational growth.”americanpacificgroup.com
- Sep 16, 2026Buyout firm (probable, 80%)Own website statement“American Pacific Group is a leading private equity firm partnering with companies seeking transformational growth.”americanpacificgroup.com
- Sep 13, 2026Buyout firm (confirmed, 85%)4 of 4 distinct vehicles are sworn Private Equity Funds; 4 reported gross assets on a filing in 2022 or later
Regulatory footprint (Form ADV)RAUM $1.3B · 4 PE funds · filed Mar 23, 2026ShowHide
- Adviser type
- Registered investment adviser
- Form ADV filings
- Jan 3, 2020 to Mar 23, 2026
- RAUM
- $1.3Bregulatory assets under management of the adviser; not dry powder, not a fund size
- PE funds, latest filing
- 4
- PE fund GAV, latest filing
- $676Mreported gross assets (Form ADV), not fund size
- All private fund GAV
- $676Mevery private fund type, latest filing
- 2024 PE fund GAV
- $676Msum over funds typed Private Equity Fund with a 2024 or later as-of date
- PE share of funds, lifetime
- 100%
- Fund type mix
- Private equity fund: 4 funds, $676M reported gross assets
- Employees
- 23
- Headquarters
- Larkspur, CA
Stated criteria beside observed behaviour1 of 8 criteria stated · 16 observed dealsShowHide
- Sectors
- not stated or not yet read
- Geography
- not stated or not yet read
- Revenue
- not stated or not yet read
- EBITDA
- not stated or not yet read
- Enterprise value
- not stated or not yet read
- Equity check
- not stated or not yet read
- Control
- not stated or not yet read
- Thesis
- We seek to partner with companies that are well-positioned to benefit from our tested approach to accelerating growth.
- On record
- 16 companies, 15 holdings, 2 transactions
- Period
- 2020 to 2026 (4 dated observations, 13 holdings undated)
- Most deals
- Industrial manufacturing (4 of 16, e.g. Media One and ServerLIFT), consumer services (2 of 16), education (1 of 16) and 1 more
- Subsectors
- Printing (1 of 16), machinery manufacturing (1 of 16), fitness recreation (1 of 16), miscellaneous manufacturing (1 of 16) and 3 more
- Deal roles
- 1 platform, 14 with role not stated
- Control
- 1 control, 14 not stated
- By year
- 2020: 1 platform; 2026: 1 platform
16 companies on the graph (2 transactions); most in industrial manufacturing (4); 1 platform and 0 add-ons; observed 2020 to 2026
Funds
How vehicles are groupedFeeders, parallels, executive funds, alternative investment vehicles and lettered sleeves are folded under the fund they belong to, read from the vehicle names. Deal-by-deal co-investment vehicles are pooled. Current funds come first: families are ordered by vintage, newest first, among those holding at least a twentieth of the largest family’s assets, then by size. The figure is the sum of each vehicle’s latest reported gross assets on Form ADV, not a fund size.American Pacific Group Fund II · 2 vehicles · vintage 2023$255M
- American Pacific Group Fund II buyout or unlabelled · 2023$197M
- American Pacific Group Fund II-A Feeder or parallel · 2023$57.1M
American Pacific Group Fund I · 1 vehicle · vintage 2020$336M
- American Pacific Group Fund I buyout or unlabelled · 2020$336M
Decision makers
- Luchi Mmegwa · Managing DirectorWhy this person: Managing director; Named with investment responsibility; Confirmed current on the firm's own site 2026-09-30LinkedIn or profile link on file (their bio on the firm's website, firm website), confirmed 2026-09-30, confidence 90%
- Rahul Mohan · Managing DirectorWhy this person: Managing director; Named with investment responsibility; Confirmed current on the firm's own site 2026-09-30LinkedIn or profile link on file (their bio on the firm's website, firm website), confirmed 2026-09-30, confidence 90%
- Fraser Adams Preston · Managing MemberWhy this person: Named with investment responsibility; Confirmed current on the firm's own site 2026-09-30LinkedIn or profile link on file (firm website, their bio on the firm's website), confirmed 2026-09-30, confidence 90%
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. 3 with a route on file. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Team
Where the team comes fromEach row names its source in short; hover the source for its full description. Sources on this list: SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites); Investment organization websites (team, portfolio, strategy, criteria, news). A person named by two sources under two spellings is shown once, with both sources.- Managing Member · since Nov 1, 2019
- Managing Director
- Managing Director
Deals
How deals are mergedOne row per deal. A portfolio relationship and a transaction that describe the same deal (the same transaction, or the same company on the same date) are printed once, with the columns of both. 15 portfolio relationships and 3 transactions are on this record.| Date | Company | Deal | This firm’s role | Status | Partner | Source |
|---|---|---|---|---|---|---|
| Sep 1, 2026 | ServerLIFT | Add-on acquisition | Seller (confirmed) | exited exited Sep 1, 2026 | unknown | americanpacificgroup.com |
| Apr 2, 2026 | Dossier | Platform acquisition | Sponsor (confirmed) | active held 6 months | Fraser Preston (confirmed) | americanpacificgroup.com |
| Apr 27, 2020 | SaltStick | Platform acquisition | Co-investor | not in the portfolio read | unknown | americanpacificgroup.com |
Portfolio credit
Where these figures come fromPortfolio companies matched to a BDC borrower by an identity-graded bridge, read from each BDC’s own schedule of investments: the lenders’ marks, their accrual footnotes, PIK and maturities. Observed, never forecast. Firms whose own BDC lends to the company are left out.- Principal held
- $5.3M
- 1 lenders
- Weighted mark
- 94.3
- -3 pts on the quarter, same 1
- Non-accrual now
- 0
- 0 placed at Jun 30, 2026
- Maturing in 12 months
- 0
- none stated
- 1 portfolio company on a BDC schedule at Jun 30, 2026: 0 with ownership stated current, 1 listed on a portfolio page with no date or status.
- Lenders mark them at 94.3 on cost, weighted by principal (1 borrower with a mark inside the plausible band).
- On the 1 borrower marked at both Mar 31, 2026 and Jun 30, 2026, the weighted mark moved -3 points; 1 fell 2 points or more and 0 rose 2 points or more.
- Not counted above: 1 borrower still on a BDC schedule whose ownership by this sponsor is recorded as exited.
Show the credit outlook: 1 borrowers, 1 lenders, 8 quartersas of Jun 30, 2026
1 borrower is in every figure above and named with Private Credit Intelligence.
1 lender is counted here and named with Private Credit Intelligence.
| Quarter end | Held | Principal | Mark | Non-accrual placed | PIK added or up |
|---|---|---|---|---|---|
| Sep 30, 2024 | 1 | $5.3M | 100.5 | 0 | 0 |
| Dec 31, 2024 | 1 | $5.3M | 101.4 | 0 | 1 |
| Mar 31, 2025 | 1 | $5.3M | 102.0 | 0 | 0 |
| Jun 30, 2025 | 1 | $5.3M | 102.0 | 0 | 0 |
| Sep 30, 2025 | 1 | $5.3M | 102.1 | 0 | 0 |
| Dec 31, 2025 | 1 | $5.3M | 99.9 | 0 | 0 |
| Mar 31, 2026 | 1 | $5.3M | 97.1 | 0 | 0 |
| Jun 30, 2026 | 1 | $5.3M | 94.3 | 0 | 0 |
A look back at today’s portfolio companies, not a record of what the sponsor owned then. Mark is fair value over cost across every position inside the plausible band.
- A mark is the lender's own fair value over cost for the quarter. Below 90 means the lender carries the loan at a discount of 10 or more on the dollar; it is that lender's valuation, not DFX's.
- Two lenders on the same facility 10 points apart are valuing the same loan differently; which one is right is not something a schedule of investments says.
- Non-accrual is read from the BDC's own footnote, never inferred from a mark. PIK is interest the borrower pays in more debt rather than cash.
- No forecast is made here. DFX does not publish a default or distress prediction for a sponsor.
Population: portfolio companies matched to a BDC borrower by an identity-graded bridge, on a BDC schedule of investments at Jun 30, 2026, ownership not recorded as exited. Firms whose own BDC lends to the company, and private credit managers, are left out: that is lending, not ownership. Marks, principal and accrual status are the BDCs' own filed figures; the quarter before is Mar 31, 2026.
Placement agents, lenders, advisers and co-investors
- North Point 1 shared · one time · last Apr 2, 2026
- Solomon Partners 1 shared · one time · last Apr 2, 2026
- Jones Day 1 shared · one time · last Apr 2, 2026
LP commitments
How LPs are totalledOne line per LP, largest disclosed total first. A commitment that the same LP reports again in a later document is counted once in its total; both documents stay in the full list. Rows repeated line for line from one document are shown once.Events
- Sep 1, 2026American Pacific Group Completes Sale of ServerLIFT to Justrite Safety Group
- Jul 8, 2026American Pacific Group Promotes Luchi Mmegwa to Managing Director
- Apr 3, 2026American Pacific Group Announces Investment in Dossier
- Mar 19, 2026American Pacific Group Promotes Rahul Mohan to Managing Director
American Pacific Group is the same institution as 3 records in Independent Sponsors, RIA and Wealth and Private Credit.
DFX found 3 relationships across 3 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Record history
- Firm news2026-09-01source on record
- Firm news2026-07-08source on record
- Firm news2026-04-03source on record
+4 more changes on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.