DFX Intelligence
Private Equity Intelligence
Firms, funds, people, portfolio companies and transactions from sworn filings and cited announcements, kept as a graph with a date and a source on every edge. Reported gross assets are never fund size, regulatory AUM is never dry powder, and a deal value prints only when someone disclosed it.
Firms / NMS Capital Services, LLC
NMS Capital Services, LLC
Trusted Capital Partners to Leading Growth Companies
Classification
- Class
- Buyout firmprobable, confidence 80%
- Basis
- own website statement
- Size band
- Middle marketdefined by: proxy: $1.70bn Private Equity Fund GAV on the Form ADV filed 2024-03-08
Classification history (3)
- Sep 15, 2026Buyout firm (probable, 80%, cls-pe-2)own website statement“Formed in 2010, NMS Capital is a private equity investment firm focused on driving sustainable growth for middle market companies in the business & industrial services and healthcare services industries.”nms-capital.com
- Sep 13, 2026Hybrid manager (probable, 65%, cls-pe-1)R4: Private Equity Funds are 0 of 1 distinct vehicles; hedge, securitized or liquidity vehicles 0
- Sep 13, 2026Buyout firm (confirmed, 85%, cls-pe-1)R6: 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)
- Adviser type
- registered investment adviser
- Form ADV filings
- Feb 13, 2012 to Mar 8, 2024
- RAUM
- $1.7Bregulatory assets under management of the adviser; not dry powder, not a fund size
- PE funds, latest filing
- 4
- PE fund GAV, latest filing
- $1.7Breported gross assets (Form ADV), not fund size
- All private fund GAV
- $1.7Bevery private fund type, latest filing
- 2024 PE fund GAV
- $1.7Bsum over funds typed Private Equity Fund with a 2024 or later as-of date
- PE share of funds, lifetime
- 100%
- Fund type mix
- filed 2024-03-08, latest gav Private Equity Fund $1.7B, latest counts Private Equity Fund 4, lifetime distinct Private Equity Fund 4
- Employees
- 25
- Headquarters
- New York, NY
- Office address
- 32 OLD SLIP, SUITE 32D, New York, NY, 10005
- Business phone
- 212-422-7099
Stated criteria beside observed behaviour
78 observed deals
Stated by the firm
- Sectors
- industrial services, industrials, healthcare
- Geography
- not stated or not yet read
- Revenue
- not stated or not yet read
- EBITDA
- $5.0M to $25.0M
- Enterprise value
- not stated or not yet read
- Equity check
- $25.0M to $75.0M
- Control
- majority
- Thesis
- We partner with leading executives to build world-class companies.
Observed from deals on record
- roles
- add on 4, unknown 72, platform 5
- period
- to 2026-08-11, from 2015-01-01, undated holdings 74, dated observations 13
- window
- last 2026-08-11, first 2025-07-14
- control
- control 6, unknown 75
- companies
- 78
- geography
- count 1, share 0.013, value MD, count 1, share 0.013, value MA
- investments
- 81
- seller kinds
- transactions
- 6
- cadence by year
- 2025 add ons 2, platforms 2, 2026 add ons 2
- platform add on
- add ons 4, platforms 5, add ons per platform 0.8
- sector known for
- 11
- disclosed value usd
- n 0
- sector distribution
- count 9, share 0.115, value healthcare services, examples Constellation Behavioral Health Mill Valley, CA, NMS Capital Exits Investment in U.S. Urology Partners, About Anne Arundel Dermatology Management, Anne Arundel Dermatology Linthicum Heights, MD, count 1, share 0.013, value education, examples Brownstone Construction Group, count 1, share 0.013, value business services, examples GrapeTree Medical Staffing Milford, IA
- holding period years
- n 0
- repeat counterparties
- role lender, shared 2, entity id 4ba02361-6894-48f1-a48e-97dc7fa7ffc0
- subsector distribution
- count 5, share 0.064, value outpatient specialty clinics, examples NMS Capital Exits Investment in U.S. Urology Partners, About Anne Arundel Dermatology Management, Anne Arundel Dermatology Linthicum Heights, MD, U.S. Urology Partners Nolensville, TN, count 2, share 0.026, value outpatient mental health substance, examples Constellation Behavioral Health Mill Valley, CA, CSD Autism Services Alameda, CA, count 1, share 0.013, value optometry, examples Omni Eye Services Announces Partnership with Eye Care Northwest, count 1, share 0.013, value home health, examples SunCrest Home Health Madison, TN, count 1, share 0.013, value education, examples Brownstone Construction Group, count 1, share 0.013, value staffing, examples GrapeTree Medical Staffing Milford, IA
78 companies on the graph (6 transactions); most in healthcare services (9); 5 platforms and 4 add-ons; observed 2015 to 2026
Funds
4 on record
| Fund | Vehicle | Vintage | Reported gross assets (Form ADV), not fund size | GAV by year | Form D sold | Lifecycle |
|---|---|---|---|---|---|---|
| NMS Fund IV, LP ADV: Private Equity Fund | buyout or unlabelled | 2021 first reported on Form ADV | $806M as of Mar 8, 2024 | no Form D | Active deployment | |
| NMS Fund III, LP ADV: Private Equity Fund | buyout or unlabelled | 2018 first reported on Form ADV | $734M as of Mar 8, 2024 | no Form D | Unknown | |
| NMS Fund II, LP ADV: Private Equity Fund | buyout or unlabelled | 2014 first reported on Form ADV | $129M as of Mar 8, 2024 | no Form D | Harvest | |
| NMS Fund, LP ADV: Private Equity Fund | buyout or unlabelled | unknown | $26.9M as of Mar 8, 2024 | no Form D | Harvest |
Team
34 current, 2 former
Managing partner (2)
- Kevin Michael Jordan · Managing Partner, Co-Founder · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Martin Efrain Chavez · Managing Partner, Co-Founder · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Partner (9)
- Daniel Schwartz · Partner, Head of Business & Industrial Services · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- David M. Peterson · Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- David Peterson · Partner · start date unknown Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
- David Peterson · Partner · start date unknown Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
- Kevin Formica · Managing Director · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Kevin Michael Jordan · Member · since Feb 1, 2010 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- Luis A. Gonzalez · Senior Partner, Head of Healthcare · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Martin Efrain Chavez · Member · since Feb 1, 2010 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- Thomas C. Nolan · Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Principal (3)
- Colin Durney · Principal · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Jacob M. Kinsley · Principal · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Jonathan Spero · Principal · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Vice president (8)
- Colin Moran · Vice President · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- John Jakubowicz · Senior Associate · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Julie Jackson · Vice President · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Kevin Connelly · Executive Vice President · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Kevin Liss · Vice President · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Madeline Schneiter · Vice President · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Michael Birarelli · Vice President · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Rukun Goel · Vice President · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Associate (4)
- Ethan Lee · Associate · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Ethan Webber · Associate · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Jacob Eckerle · Associate · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Maggie Lyons · Associate · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Business development (1)
- William Gonzalez · Managing Director, Head of Business Development · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Platform (6)
- Chris Wallis · Senior Vice President - Finance · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Daniela Panczel · Executive Assistant · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- James Glenn Wilson · Partner / Chief Financial Officer / Chief Compliance Officer · since Dec 1, 2010 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- James Glenn Wilson · Partner, CFO · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Travis E. Rae · Vice President, Controller · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- Verone Bobb · Executive Assistant · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Other (1)
- Siri Truong · Senior Accountant · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
2 former (kept with end dates)
- Jose J Armas · Member · Feb 1, 2010 to Mar 26, 2020 Inference
- Wyche Henry Walton · Partner · Dec 1, 2010 to Mar 30, 2016 Inference
Portfolio
82 relationships, 5 platforms, 4 add-ons
Transactions
8 on record
| Date | Type | Target | This firm’s role | Source |
|---|---|---|---|---|
| Sep 17, 2026 | Majority recapitalization | Endoscopy Corporation of America | Sponsor (confirmed) | prnewswire.com |
| Aug 11, 2026 | Add-on acquisition | Boston Industries | Sponsor (confirmed) | nms-capital.com |
| Jul 21, 2026 | Exit to a strategic buyer | Strive Medical | Seller (confirmed) | nms-capital.com |
| Jul 6, 2026 | Add-on acquisition | DCM BioServices | Sponsor (confirmed) | prnewswire.com |
| Sep 4, 2025 | Platform acquisition | Northwest Environmental | Sponsor (confirmed) | nms-capital.com |
| Sep 4, 2025 | Platform acquisition | Northwest Environmental | Sponsor (confirmed) | nms-capital.com |
| Jul 14, 2025 | Add-on acquisition | Brownstone Construction Group | Sponsor (confirmed) | nms-capital.com |
| Jul 14, 2025 | Add-on acquisition | Brownstone Construction Group | Sponsor (confirmed) | nms-capital.com |
Placement agents, lenders, advisers and co-investors
10 relationships
Placement agents (4)
- Evercore Group L.L.C. 1 shared · one time · last Jan 1, 2014
- CSP Securities, LP 1 shared · one time · last Jan 1, 2021
- Evercore Partners International LLP 1 shared · one time · last Jan 1, 2014
- Stanwich Advisors LLC 1 shared · one time · last Jan 1, 2018
Lenders (1)
- TPG Twin Brook Capital Partners 2 shared · recurring · last Aug 11, 2026
Financial advisers (2)
- Hillandale Advisors 1 shared · one time · last Jul 14, 2025
- Hillandale Advisors 1 shared · one time · last Jul 14, 2025
Legal advisers (3)
- Drew Murphy Law 1 shared · one time · last Jul 6, 2026
- Nutter McClennen & Fish 1 shared · one time · last Aug 11, 2026
- Merger Nation 1 shared · one time · last Aug 11, 2026
LP commitments
4 disclosed
- Teachers' Retirement System of the State of Illinois amount not disclosed trsil.org
- Los Angeles City Employees' Retirement System in NMS Fund III, LP amount not disclosed lacers.org
- Los Angeles City Employees' Retirement System in NMS Fund IV, LP amount not disclosed lacers.org
- Los Angeles City Employees' Retirement System in NMS Fund IV, LP $40.0M lacers.org
Events
16 most recent
- Sep 17, 2026NMS Capital Launches Asurgence Medical with the Recapitalization of ENDOCORP and the Acquisition of Medical Optics
- Sep 15, 2026TXP Environmental Announces Acquisition of Diamond Back Landfill
- Sep 15, 2026NMS Capital Announces Partnership and Investment in Northwest Environmental, LLC
- Aug 11, 2026Surplus Solutions, an NMS Capital Portfolio Company, Expands Lab Repair Capabilities, Acquires Boston Industries
- Jul 21, 2026NMS Capital Enters into Definitive Agreement to Exit Investment in Strive Medical
- Jul 21, 2026NMS Capital Enters into Definitive Agreement to Exit Investment in Strive Medical
- Jun 30, 2026Surplus Solutions, an NMS Capital Portfolio Company, Accelerates Technical Service Capabilities; Announces Partnership with DCM BioServices
- Jun 10, 2026NMS Capital Announces Recent Promotions
- Mar 27, 2026NMS Capital Services, LLC: Private Equity Funds on Form ADV 4 (2024 extract) -> 5 (roster 2026-09-01)
- Dec 3, 2025NMS Capital Announces Partnership with and Investment in Axiom Medical
- Oct 29, 2025NMS Capital Portfolio Company VONA Case Management Announces Partnership with Custom Case Management
- Sep 4, 2025NMS Capital Announces Partnership and Investment in Northwest Environmental, LLC
- Sep 4, 2025NMS Capital Announces Partnership and Investment in Northwest Environmental, LLC
- Jul 14, 2025NMS Capital Portfolio Company CSL Consulting Expands in Southeastern U.S.; Announces Partnership with Brownstone Construction Group
- Jun 2, 2025Teachers' Retirement System of the State of Illinois reports New Mainstream Capital: an undisclosed amount committedLp commitment disclosedFactTeachers' Retirement System of the State of IllinoisPublic pension private-markets disclosures, read through the venture lane's LP report tape
- Feb 13, 2012NMS Capital Services, LLC first filed Form ADV in the extract (IA)
Across the graphs
NMS Capital Services, LLC is the same institution as 3 records in Independent Sponsors, RIA and Wealth and Allocators.
Independent Sponsors1RIA and Wealth1Allocators1
Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.
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