Bay Hills Capital manages discretionary commingled fund-of-funds and customized separate accounts. Our primary responsibility is delivering superior performance to our investors, and we therefore raise and manage appropriately sized investment vehicles that allow us to remain focused on this objective.

Bay Hills Capital builds concentrated and purposely diversified portfolios of top-performing small to lower middle market buyout managers. We have long-standing relationships with many of the premier, established small buyout firms in the industry. We also actively invest in newer, emerging managers that possess the potential to generate superior returns and to become the next generation of industry leaders. Bay Hills Capital has partnered with spinouts from other private equity firms, experienced investors and operators working together for the first time, and newer firms that have raised fewer than three institutional funds. Our manager selection process is rigorous and extremely selective as we aim to partner with small buyout managers that have the potential to deliver industry-leading returns.

Bay Hills Capital invests with top-performing established and emerging managers in the small to lower middle market buyout sector. These managers are oftentimes difficult to identify and challenging to access.  We target funds typically ranging from $100 million to $1 billion in fund size, depending upon the investment scope and strategy of the manager.  Our portfolios are generally comprised of industry generalists, sector focused investors, and special situation firms. These firms invest across a range of transactions including leveraged and/or management buyouts, growth equity financings, and recapitalizations.

Bay Hills Capital seeks to partner with firms that possess significant operational expertise within their organization and adopt a proactive portfolio management approach through active pursuit of value creation and growth-oriented strategies with their portfolio companies.  Our fund investment strategy is focused on firms that are located in North America and dedicated primarily to investing in this region.

Bay Hills Capital believes co-investments in the small to lower middle market offer attractive opportunities to realize enhanced returns through specific company investments. We partner and invest alongside our existing relationships of top-performing managers, and we welcome the opportunity to build relationships with new funds by reviewing co-investments originated by these managers. Our approach is to be responsive, transparent and collaborative with our partner small buyout funds and invest in highly selective, top-performing portfolio company investments.

Bay Hills Capital actively acquires interests in small buyout funds on a secondary basis. Earlier returns of capital and enhanced returns are significant potential benefits from these types of acquisitions.  We have extensive expertise in evaluating and completing secondary investments and view this strategy as highly complementary to our fund investment and co-investment activities. We leverage our expansive network of small to lower middle market funds for select deal flow and seek directly negotiated transactions instead of participating in broad auction processes.

Bay Hills Capital partners with select larger institutional investors to manage customized segregated accounts on their behalf.  These comprehensive investment programs encompass manager identification, evaluation, investment execution, monitoring, and financial reporting tailored to the specific requirements and investment objectives of the client.  We serve as a dedicated and value-added partner to our clients and have developed these tailored solutions to augment their private equity investing capabilities in the small to lower middle market buyout sector.