permanent-capital
(12)
Altair Software buys the everyday essential.
Housing applications. Student aid. Loan payments. Altair Software buys the specialist businesses behind the paperwork, with a promise to keep them for the long haul.
Campus Connect Is Buying the Boring Software Colleges Cannot Turn Off
The Miami holding company is assembling financial aid, admissions and student-system businesses without erasing the names on the door. Its bet is simple: in higher education, continuity can be more valuable than disruption.
The Guy Buying Up America's Water Guys
Peter Brooks left the Marines, studied water policy at Harvard, and decided the least glamorous corner of American infrastructure was the best place to build something that lasts. His pitch to the family businesses that keep the water running: sell to us and we will never sell you.
The Family Office Buying Everything From Ice Cream to the Pittsburgh Penguins
Hoffmann Family of Companies has assembled more than 200 brands without choosing a single industry. Its real product is patient ownership - and a portfolio designed to make unlikely neighbors useful to one another.
The Quiet Company Behind $4 Billion in Healthcare Payments
A.E. Perkins has assembled benefits administration, payroll, direct primary care and payment infrastructure under one long-term owner. Its pitch is less about disruption than about making the machinery of work and healthcare reliably disappear into the background.
The Firm That Buys Small Manufacturers and Refuses to Flip Them
A Connecticut investor has spent three decades buying gearboxes, powder coating and barcode labels - using its own capital, and one unfashionable rule: hold for decades, not quarters.
The Fund That Never Sells: How Tide Rock Turned 21 Boring Businesses Into a $1 Billion Machine
Most private equity firms rent companies for five years and flip them. Tide Rock buys them with cash, keeps them forever, and mails owners a check every quarter. It is a quieter idea - and it has compounded into more than a billion dollars of buying power.
The Quiet Maryland Firm That Keeps Buying the Stores You Grew Up With
It bought Lids for less than half what it last sold for, rescued Claire's from liquidation, and calls itself a mini-Berkshire. Ames Watson would rather own a brand for thirty years than sell it in five.
The Pritzkers Built Hyatt and Marmon. Now They Buy the Companies Nobody Will Sell to a Fund.
Tony Pritzker turned a family fortune built on Hyatt and the Marmon Group into a private equity firm that sells patience - and just raised $3.4 billion on the promise it will not rush the exit.
The Company That Buys Software It Never Plans to Sell
A permanent home for ERP software companies. While private equity flips manufacturing software every four and a half years, Mirador buys the businesses its customers keep for a decade - and keeps them too.
The Company Behind Happy Meals and Stanley Tumblers Plays the Long Game
Morgan Street Holdings grew from a handshake with McDonald’s into a four-company portfolio touching logistics, loyalty, drinkware and workplace dining. Its pitch to founders is unusually simple: keep building, without an exit date hanging over the calendar.
Annie Aesthetic
Annie Aesthetic is a medical-aesthetics holding company that partners with and acquires leading medical spas across the United States. Incubated by Tucker's Farm Corporation in May 2022 with roughly $30 million of equity capital, it provides its partner clinics with growth capital, operations, marketing, recruiting, technology and legal/regulatory support while keeping founders and operating teams in place. By late 2025 the platform had grown to about $65 million of revenue across 12 medical-aesthetics brands, backed by InterAlpen Partners, Brookside Equity Partners and Plexus Capital.