Minnesota's private equity landscape in 2024 showcases firms with diverse investment strategies and sector focuses. Northern Lakes Capital in Minneapolis targets manufacturing firms with revenues of $15M-$150M. Tonka Bay Equity Partners in Minnetonka invests in sectors like healthcare and agriculture, focusing on businesses with $10M+ revenue. Arthur Ventures, based in Minneapolis, specializes in software and tech, targeting North American companies with $2M-$20M revenue. Conduit Capital Ltd. emphasizes community impact and sustainability with investments of $1M-$5M.
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<h3 class="card-title">1. Northern Lakes Capital</h3>
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<div>Minneapolis, MN</div>
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stroke="currentColor"
stroke-width="2"
stroke-linecap="round"
stroke-linejoin="round"
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<div>Private Equity</div>
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<a
rel="nofollow noreferrer noopener"
href="https://northernlakescapital.com"
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target="_blank"
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<div>northernlakescapital.com</div>
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<div class="card-tag">Manufacturing</div>
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<div>Target EBITDA</div>
<div class="card-target-number">$15M - $150M</div>
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<div>Target revenue</div>
<div class="card-target-number">$15M - $150M</div>
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<div class="card-target">
<div>Target Investment Size</div>
<div class="card-target-number">$15M - $150M</div>
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<p class="line-clamp-5">Northern Lakes Capital makes control equity investments in leading family owned private companies with revenues typically ranging from $15 million to $150 million and earnings before interest, taxes, depreciation, and amortization (EBITDA) between $3 million and $20 million. We will look at smaller companies as add-on acquisitions.</p>
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<h3 class="card-title">2. Tonka Bay Equity Partners</h3>
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height="100%"
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<div>Minnetonka, MN</div>
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stroke="currentColor"
stroke-width="2"
stroke-linecap="round"
stroke-linejoin="round"
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<div>Private Equity</div>
</div>
<a
rel="nofollow noreferrer noopener"
href="https://tonkabayequity.com"
class="card-link w-inline-block"
target="_blank"
>
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<div>tonkabayequity.com</div>
</a>
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<div class="flex-horizontal gap-10">
<div class="card-tag">Business Services</div>
<div class="card-tag">Consumer Products & Services</div>
<div class="card-tag">Industrial Services / Distribution</div>
<div class="card-tag">Manufacturing</div>
<div class="card-tag">Healthcare</div>
<div class="card-tag">Arts & Entertainment</div>
<div class="card-tag">Agriculture</div>
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<div class="card-target-flex">
<div class="card-target">
<div>Target EBITDA</div>
<div class="card-target-number">$2M+</div>
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<div class="card-target">
<div>Target revenue</div>
<div class="card-target-number">$10M+</div>
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<div class="card-target">
<div>Target Investment Size</div>
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<h3 class="card-title">3. Arthur Ventures</h3>
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width="100%"
height="100%"
viewbox="0 0 14 15"
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<path
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<div>Minneapolis, MN</div>
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<svg
width="100%"
height="100%"
viewbox="0 0 14 15"
fill="none"
xmlns="http://www.w3.org/2000/svg"
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<path
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stroke="currentColor"
stroke-width="2"
stroke-linecap="round"
stroke-linejoin="round"
></path>
</svg>
</div>
<div>Private Equity</div>
</div>
<a
rel="nofollow noreferrer noopener"
href="https://arthurventures.com"
class="card-link w-inline-block"
target="_blank"
>
<div class="icon-14px w-embed">
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width="100%"
height="100%"
viewbox="0 0 14 15"
fill="none"
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<div>arthurventures.com</div>
</a>
</div>
<div class="flex-horizontal gap-10">
<div class="card-tag">Software & Technology</div>
<div class="card-tag">Business Services</div>
<div class="card-tag">Arts & Entertainment</div>
</div>
<div class="card-target-flex">
<div class="card-target">
<div>Target EBITDA</div>
<div class="card-target-number">—</div>
</div>
<div class="card-target">
<div>Target revenue</div>
<div class="card-target-number">$2M - $20M</div>
</div>
<div class="card-target">
<div>Target Investment Size</div>
<div class="card-target-number">—</div>
</div>
</div>
<p class="line-clamp-5">Minority and majority investments in software and business services companies. Based in Minneapolis. Targeting $2-20M investments in companies Headquartered in North America.</p>
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<div class="card-item">
<h3 class="card-title">4. Conduit Capital Ltd.</h3>
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width="100%"
height="100%"
viewbox="0 0 14 15"
fill="none"
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stroke-linecap="round"
stroke-linejoin="round"
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<path
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<div>Minneapolis, MN</div>
</div>
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<svg
width="100%"
height="100%"
viewbox="0 0 14 15"
fill="none"
xmlns="http://www.w3.org/2000/svg"
>
<path
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stroke="currentColor"
stroke-width="2"
stroke-linecap="round"
stroke-linejoin="round"
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</div>
<div>Private Equity</div>
</div>
<a
rel="nofollow noreferrer noopener"
href="https://ruralworkspartners.com"
class="card-link w-inline-block"
target="_blank"
>
<div class="icon-14px w-embed">
<svg
width="100%"
height="100%"
viewbox="0 0 14 15"
fill="none"
xmlns="http://www.w3.org/2000/svg"
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<div>ruralworkspartners.com</div>
</a>
</div>
<div class="flex-horizontal gap-10">
<div class="card-tag">Business Services</div>
<div class="card-tag">Consumer Products & Services</div>
<div class="card-tag">Financial Services</div>
<div class="card-tag">Arts & Entertainment</div>
<div class="card-tag">Agriculture</div>
</div>
<div class="card-target-flex">
<div class="card-target">
<div>Target EBITDA</div>
<div class="card-target-number">—</div>
</div>
<div class="card-target">
<div>Target revenue</div>
<div class="card-target-number">—</div>
</div>
<div class="card-target">
<div>Target Investment Size</div>
<div class="card-target-number">$1M - $5M</div>
</div>
</div>
<p class="line-clamp-5">RuralWorks Partners believes businesses should benefit the communities in which they operate, both locally and globally. Our strategy builds local community wealth and economic resilience by supporting the creation of quality jobs and broad employee ownership, while our investments in sustainable and regenerative food and agriculture and the circular economy help the planet and our global community.</p>
</div>
