Sole Source Capital
| Private | |
| ISIN | 🆔 |
| Industry | Private Equity |
| Founded 📆 | 2016 |
| Founder 👔 | David Fredston |
| Headquarters 🏙️ | Dallas, Texas |
Area served 🗺️ | Worldwide |
Key people | Partners Fredston, Rossi, Sussman, and Turner |
| 💎 AUM | $1+ billion |
| Members | |
Number of employees | |
| 🌐 Website | solesourcecapital.com |
| 📇 Address | |
| 📞 telephone | |
Sole Source Capital is an American private equity firm headquartered in Dallas, Texas.[1] It typically invests $20–$70 million into industrial or manufacturing businesses with $5–$30 million in annual income.[2][3] Sole Source Capital was founded by investor David Fredston in 2016.[1][4] Its first fund was created two years later with $160 million.[2] By March 2020, Fund I had more than doubled the money invested.[5] Sole Source Capital moved its HQ to Dallas from California in 2020.[6] The firm's second fund raised $555 million in October 2021.[1][3]
Many of the firm's investments are in industrial or manufacturing companies, especially businesses in "warehouse automation, barcoding, and food distribution."[3][6] It often invests in spin-offs or businesses still owned by their founder.[6][5] Sole Source was listed by Inc. Magazine as a "founder-friendly" investment firm.[3] It is a passive investor that does not take control of the company's operations.[5] Four partners, each with their own focus, decide on the firm's investments.[2]
References
- ↑ 1.0 1.1 1.2 Maio, Pat (October 18, 2021). "Sole Source Capital Moves Headquarters to Dallas". Los Angeles Business Journal. Retrieved November 23, 2022.
- ↑ 2.0 2.1 2.2 Kang, Jaewon (November 30, 2018). "Sole Source Capital Closes Inaugural Fund at $160 Million". WSJ. Retrieved November 23, 2022.
- ↑ 3.0 3.1 3.2 3.3 Innovates, Dallas; Kirkpatrick, David (January 5, 2022). "Sole Source Capital Portfolio Company More Than Doubles in Size With Three Acquisitions". Dallas Innovates. Retrieved November 23, 2022.
- ↑ Jacobius, Arleen (June 25, 2021). "Access to track record a key component to branching out". Pensions & Investments. Retrieved November 23, 2022.
- ↑ 5.0 5.1 5.2 "David Fredston Raises More Than $200M in Fund II for Sole Source Capital". FinSMEs. November 25, 2020. Retrieved November 23, 2022.
- ↑ 6.0 6.1 6.2 Leffert, Catherine (January 10, 2022). "Sole Source Capital doubles its latest platform investment through add-on acquisitions". bizjournals.com. Retrieved November 23, 2022.
External links
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