Mill City Capital L.P. is a private equity firm based in Minneapolis, Minnesota.
Stated: EBITDA $2.0M to $15.0M · EV $15.0M to $150M · equity check $5.0M to $20.0M · minority · Industrials, Consumer, Manufacturing, Distribution and 4 more
Industries: Industrial services (stated) · Manufacturing (stated) · Distribution (stated)
Lower middle market2024 PE fund GAV $67.2M4 PE funds of 4, latest vintage 2024investment professionals not trackedlast event Mar 17, 2026
At Pathstone, we’re seeking to redefine what it means to be a modern advisor.
Stated: Infrastructure, Real estate, Technology, Building products
Industries: Software (stated) · Tech-enabled and IT services (stated) · Hardware and deep tech (stated)
Lower middle market2024 PE fund GAV $139M2 PE funds of 4, latest vintage 201813 investment professionalslast event Sep 1, 2026
WHO IS MILLSTONE CAPITAL ADVISORS?
Millstone Capital Advisors is dedicated to helping small to mid-sized companies grow through direct investments and strategic assistance. We have extensive experience working with companies in a broad range of industries, including Restaurants, Manufacturing, Financial Services, Infrastructure, Healthcare, Information Technology.
Stated: control · Manufacturing, Healthcare, Technology, Consumer and 2 more
Industries: Energy, utilities and infrastructure (1 company) · Consumer products and retail (1 company) · Consumer services (1 company)
Lower middle market2024 PE fund GAV $58.1M5 PE funds of 8, latest vintage 20222 platforms7 investment professionalslast event Sep 17, 2026
••• Locked
Stated: EBITDA $2.0M to $15.0M · EV $10.0M to $200M · Distribution, Consumer, Energy, Media and telecom
Industries: Consumer services (1 company) · Distribution (stated) · Energy, utilities and infrastructure (stated)
Lower middle market2024 PE fund GAV $265M2 PE funds of 27 investment professionalslast event Sep 1, 2026
M••••••••• L••New York, NY · m•••••••••.com · SEC registered investment adviser
Buyout firm••• Locked
Stated: Technology, Infrastructure
Industries: Software (stated) · Tech-enabled and IT services (stated) · Hardware and deep tech (stated)
Lower middle market2024 PE fund GAV $854M107 PE funds of 112, latest vintage 202510 investment professionalslast event Aug 18, 2026
Venture firm with private equity activity · probable ••• Locked
Stated: Software, Financial services, Technology, Energy
Industries: Financial services (1 company) · Business services (1 company) · Software (stated)
unsized2024 PE fund GAV not reported3 PE funds of 3, latest vintage 2023investment professionals not trackedlast event May 27, 2021
••• Locked
Stated: control · Energy, Technology
Industries: Software (stated) · Tech-enabled and IT services (stated) · Hardware and deep tech (stated)
Middle market2024 PE fund GAV $1.4B14 PE funds of 14, latest vintage 20246 investment professionalslast event Mar 31, 2026
••• Locked
Stated: Financial services, Energy
Industries: Financial services (stated) · Energy, utilities and infrastructure (stated)
Lower middle market2024 PE fund GAV $73.9M3 PE funds of 3, latest vintage 20232 platforms1 investment professionallast event Sep 17, 2026
Hybrid manager · probable ••• Locked
Stated: Technology, Software, Infrastructure, Energy
Industries: Software (stated) · Tech-enabled and IT services (stated) · Hardware and deep tech (stated)
Middle market2024 PE fund GAV $1.9B8 PE funds of 21, latest vintage 202443 investment professionalslast event Jan 3, 2013
••• Locked
Stated: control · Real estate, Financial services, Infrastructure, Media and telecom and 9 more
Industries: Software (stated) · Tech-enabled and IT services (stated) · Hardware and deep tech (stated)
Middle market2024 PE fund GAV $2.3B1 PE fund of 1, latest vintage 20201 platform2 investment professionalslast event Feb 23, 2021
Hybrid manager · probable Stated: Energy
Industries: Energy, utilities and infrastructure (stated)
unsized2024 PE fund GAV not reported0 PE funds of 1, latest vintage 2026investment professionals not trackedlast event Jun 30, 2026
••• Locked
Stated: Industrials, Energy, Infrastructure
Industries: Industrial services (stated) · Manufacturing (stated) · Energy, utilities and infrastructure (stated)
Middle market2024 PE fund GAV $3.8B8 PE funds of 8, latest vintage 202323 investment professionalslast event May 15, 2026
••• Locked
Stated: Energy
Industries: Energy, utilities and infrastructure (stated)
Lower middle market2024 PE fund GAV $142M3 PE funds of 3, latest vintage 20187 investment professionalslast event Feb 12, 2024
Venture firm with private equity activity · probable ••• Locked
Stated: Infrastructure, Environmental services, Food and beverage, Agriculture
Industries: Energy, utilities and infrastructure (2 companies) · Healthcare services (1 company) · Life sciences (1 company)
Lower middle market2024 PE fund GAV $24.3M6 PE funds of 16, latest vintage 20252 platforms17 investment professionalslast event May 18, 2026
Secondaries manager · probable ••• Locked
Stated: Infrastructure, Financial services
Industries: Financial services (stated) · Energy, utilities and infrastructure (stated)
Middle market2024 PE fund GAV $1.8B7 PE funds of 13, latest vintage 202542 investment professionalslast event Jul 31, 2026
••• Locked
Stated: Real estate, Infrastructure, Building products
Industries: Manufacturing (stated) · Energy, utilities and infrastructure (stated) · Real estate (stated)
Lower middle market2024 PE fund GAV $3.6M1 PE fund of 1, latest vintage 20256 investment professionalslast event Apr 19, 2023
Infrastructure · probable ••• Locked
Stated: Energy, Infrastructure, Building products
Industries: Manufacturing (stated) · Energy, utilities and infrastructure (stated)
Middle market2024 PE fund GAV $2.9B4 PE funds of 5, latest vintage 20241 investment professionallast event Sep 16, 2026
••• Locked
Stated: Energy, Technology, Chemicals and materials, Industrials
Industries: Software (stated) · Tech-enabled and IT services (stated) · Hardware and deep tech (stated)
Lower middle market2024 PE fund GAV $139M4 PE funds of 5, latest vintage 202313 investment professionalslast event Sep 17, 2026
O••New York, NY · o••.com · SEC registered investment adviser
Buyout firm••• Locked
Stated: Infrastructure, Environmental services
Industries: Software (1 company) · Tech-enabled and IT services (1 company) · Hardware and deep tech (1 company)
Middle market2024 PE fund GAV $3.2B46 PE funds of 55, latest vintage 202518 investment professionalslast event May 12, 2026
••• Locked
Stated: Energy, Transportation and logistics, Environmental services
Industries: Industrial services (stated) · Transportation and logistics (stated) · Energy, utilities and infrastructure (stated)
Middle market2024 PE fund GAV $1.2B9 PE funds of 11, latest vintage 20246 investment professionalslast event Apr 14, 2026
••• Locked
Stated: majority · Technology, Consumer, Infrastructure, Financial services
Industries: Software (stated) · Tech-enabled and IT services (stated) · Hardware and deep tech (stated)
Lower middle market2024 PE fund GAV $285M2 PE funds of 2, latest vintage 20237 investment professionalslast event Sep 17, 2026
Stated: revenue $100M to $2.0B · Business services, Healthcare, Financial services, Energy and 1 more
Industries: Healthcare services (stated) · Life sciences (stated) · Financial services (stated)
Lower middle market2024 PE fund GAV $1.2B42 PE funds of 42, latest vintage 20224 investment professionalslast event Apr 30, 2026
••• Locked
Stated: Manufacturing, Healthcare, Technology, Energy
Industries: Software (stated) · Tech-enabled and IT services (stated) · Hardware and deep tech (stated)
Lower middle market2024 PE fund GAV $56.1M4 PE funds of 4, latest vintage 20222 investment professionalslast event Mar 31, 2026
••• Locked
Stated: Infrastructure
Industries: Energy, utilities and infrastructure (stated)
Lower middle market2024 PE fund GAV $9.2M4 PE funds of 4, latest vintage 2024investment professionals not trackedlast event Sep 1, 2026
Venture firm with private equity activity · probable ••• Locked
Stated: Technology, Financial services, Infrastructure, Real estate
Industries: Software (stated) · Tech-enabled and IT services (stated) · Hardware and deep tech (stated)
Lower middle market2024 PE fund GAV $215M20 PE funds of 25, latest vintage 20261 investment professionallast event Jul 31, 2026
Hybrid manager · probable ••• Locked
Stated: EBITDA $10.0M to $75.0M · equity check $75.0M to $250M · control · Business services, Industrial services, Industrials, Infrastructure and 2 more
Industries: Energy, utilities and infrastructure (1 company) · Business services (stated) · Industrial services (stated)
Middle market2024 PE fund GAV $1.7B1 PE fund of 1, latest vintage 20161 investment professionallast event Mar 31, 2026
••• Locked
Stated: control · Energy
Industries: Energy, utilities and infrastructure (stated)
Lower middle market2024 PE fund GAV $240M4 PE funds of 4, latest vintage 2023investment professionals not trackedlast event Sep 20, 2022
Infrastructure · probable ••• Locked
Stated: Infrastructure, Energy, Transportation and logistics, Environmental services
Industries: Industrial services (stated) · Transportation and logistics (stated) · Energy, utilities and infrastructure (stated)
unsized2024 PE fund GAV not reported0 PE funds of 0investment professionals not trackedlast event May 1, 2026
••• Locked
Stated: EBITDA $3.0M to $25.0M · majority · Industrials, Manufacturing, Infrastructure
Industries: Industrial services (stated) · Manufacturing (stated) · Energy, utilities and infrastructure (stated)
Lower middle market2024 PE fund GAV $419M11 PE funds of 13, latest vintage 2024investment professionals not trackedlast event Jul 30, 2019
••• Locked
Stated: Technology, Financial services, Infrastructure, Aerospace and defense
Industries: Software (11 companies) · Manufacturing (4 companies) · Tech-enabled and IT services (3 companies)
Lower middle market2024 PE fund GAV $10.7M1 PE fund of 1, latest vintage 20241 investment professionallast event Feb 4, 2026
P••Grand Cayman · p••.com · SEC exempt reporting adviser
Buyout firm · probable••• Locked
Stated: control or majority or minority · Energy, Infrastructure, Real estate, Healthcare and 10 more
Industries: Software (stated) · Tech-enabled and IT services (stated) · Hardware and deep tech (stated)
Upper middle market2024 PE fund GAV $22B32 PE funds of 35, latest vintage 20253 investment professionalslast event Mar 31, 2026
P•• P•••••••Paris · p•••••••••.com · SEC exempt reporting adviser
Buyout firm · probable••• Locked
Stated: control or majority · Business services, Industrials, Healthcare, Consumer and 7 more
Industries: Consumer services (2 companies) · Financial services (1 company) · Industrial services (1 company)
Upper middle market2024 PE fund GAV $15B37 PE funds of 37, latest vintage 20245 investment professionalslast event Sep 13, 2026
••• Locked
Stated: Safety and security, Technology, Life sciences, Energy and 1 more
Industries: Software (stated) · Tech-enabled and IT services (stated) · Hardware and deep tech (stated)
Middle market2024 PE fund GAV $1.3B34 PE funds of 34, latest vintage 202424 investment professionalslast event Mar 31, 2025
Infrastructure · probable ••• Locked
Stated: Infrastructure, Technology, Media and telecom
Industries: Software (stated) · Tech-enabled and IT services (stated) · Hardware and deep tech (stated)
Middle market2024 PE fund GAV $3.5B9 PE funds of 9, latest vintage 2024investment professionals not trackedlast event Mar 26, 2026
Hybrid manager · probable ••• Locked
Stated: Energy
Industries: Energy, utilities and infrastructure (stated)
unsized2024 PE fund GAV not reported0 PE funds of 0investment professionals not trackedlast event Jan 21, 2026
P•••••••San Francisco, CA · p•••••••.com · SEC registered investment adviser
Buyout firm••• Locked
Stated: Financial services, Infrastructure
Industries: Financial services (stated) · Energy, utilities and infrastructure (stated)
Large cap2024 PE fund GAV $32B72 PE funds of 130, latest vintage 20253 investment professionalslast event Jul 14, 2026
Venture firm with private equity activity · probable ••• Locked
Stated: Technology, Financial services, Infrastructure, Building products
Industries: Financial services (3 companies) · Tech-enabled and IT services (2 companies) · Software (1 company)
Lower middle market2024 PE fund GAV $7.6M3 PE funds of 5, latest vintage 2024investment professionals not trackedlast event Mar 31, 2026
••• Locked
Stated: Healthcare, Food and beverage, Energy, Transportation and logistics and 6 more
Industries: Software (stated) · Tech-enabled and IT services (stated) · Hardware and deep tech (stated)
Upper middle market2024 PE fund GAV $13B91 PE funds of 92, latest vintage 20243 investment professionalslast event Mar 24, 2026
Infrastructure · probable ••• Locked
Stated: Infrastructure
Industries: Energy, utilities and infrastructure (stated)
Lower middle market2024 PE fund GAV $965M3 PE funds of 3, latest vintage 20231 investment professionallast event Aug 12, 2026
Private credit manager · probable ••• Locked
Stated: revenue $50.0M to $1.5B · Infrastructure, Software
Industries: Industrial services (1 company) · Software (stated) · Energy, utilities and infrastructure (stated)
Upper middle market2024 PE fund GAV $7.5B29 PE funds of 34, latest vintage 202421 investment professionalslast event Aug 5, 2026
••• Locked
Stated: Energy, Environmental services, Food and beverage, Infrastructure
Industries: Industrial services (stated) · Energy, utilities and infrastructure (stated) · Consumer products and retail (stated)
Lower middle market2024 PE fund GAV $293M36 PE funds of 39, latest vintage 20228 investment professionalslast event Jul 10, 2026
••• Locked
Stated: Infrastructure, Technology, Environmental services
Industries: Software (stated) · Tech-enabled and IT services (stated) · Hardware and deep tech (stated)
Lower middle market2024 PE fund GAV $58.8M1 PE fund of 1, latest vintage 202310 investment professionalslast event Sep 23, 2024
Infrastructure · probable ••• Locked
Stated: Infrastructure
Industries: Energy, utilities and infrastructure (stated)
Lower middle market2024 PE fund GAV $779M6 PE funds of 12, latest vintage 20259 investment professionalslast event Mar 30, 2026
Hybrid manager · probable ••• Locked
Stated: Infrastructure, Energy, Environmental services
Industries: Industrial services (stated) · Energy, utilities and infrastructure (stated)
unsized2024 PE fund GAV not reported0 PE funds of 03 investment professionalslast event Aug 22, 2025
Hybrid manager · probable ••• Locked
Stated: Aerospace and defense, Infrastructure, Real estate
Industries: Aerospace, defense and government (stated) · Energy, utilities and infrastructure (stated) · Real estate (stated)
Lower middle market2024 PE fund GAV $322M27 PE funds of 35, latest vintage 201878 investment professionalslast event Mar 31, 2026
P•••••••• L••Dallas, TX · p•••••••.com · SEC registered investment adviser
Buyout firm · probable••• Locked
Stated: equity check $25.0M to $75.0M · Energy
Industries: Energy, utilities and infrastructure (stated)
Lower middle market2024 PE fund GAV $691M4 PE funds of 9, latest vintage 202511 investment professionalslast event Mar 30, 2026
••• Locked
Stated: Energy, Infrastructure
Industries: Energy, utilities and infrastructure (stated)
Lower middle market2024 PE fund GAV $332M3 PE funds of 3, latest vintage 20166 investment professionalslast event Jul 30, 2019
••• Locked
Stated: Energy, Financial services, Industrials, Infrastructure
Industries: Financial services (stated) · Industrial services (stated) · Manufacturing (stated)
Lower middle market2024 PE fund GAV $907M11 PE funds of 20, latest vintage 202514 investment professionalslast event May 26, 2026
Hybrid manager · probable ••• Locked
Stated: Infrastructure, Environmental services, Technology
Industries: Software (stated) · Tech-enabled and IT services (stated) · Hardware and deep tech (stated)
unsized2024 PE fund GAV not reported0 PE funds of 04 investment professionalslast event Sep 17, 2026
Infrastructure · probable ••• Locked
Stated: Infrastructure, Energy
Industries: Energy, utilities and infrastructure (stated)
Lower middle market2024 PE fund GAV $240M4 PE funds of 43 investment professionalslast event Jul 14, 2023