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Co-Invest With Us I Belegaer Capital

CO-INVEST WITH US

Direct Lower-Middle-Market Buyouts. Zero Blind-Pool Friction.

Access highly vetted $1M–$10M EBITDA acquisitions driven by conservative leverage, 100% deal-by-deal transparency, and hands-on GTM leadership.

Back an Operator-Led Deals

We partner with family offices, institutional LPs, and high-net-worth investors to acquire cash-generative lower-middle-market platforms. Our 100% deal-by-deal SPV structure eliminates blind-pool friction, pairing conservative leverage with hands-on C-level GTM execution.

 

Target Financial Returns

  • 30%+ Target Net IRR | 3.5x – 4.5x Target MOIC (5–7 Year Hold Horizon)

  • 8.0% Net Preferred Return: LP hurdle rate ensuring complete alignment prior to GP carry.

Capital & Leverage Discipline

  • Target EV Scale: Core deals of $5M – $25M EV ($3M – $10M equity check sizes), with syndication capacity up to $60M EV.

  • Conservative Leverage Cap: <2.5x Senior Debt / EBITDA with a >2.0x DSCR floor, protecting cash flows against interest rate volatility.

Asymmetric Downside Protection

  • Two-Stage Capital Structure: Only 5% of capital is allocated to search and diligence; 95% is reserved strictly for audited, cash-flowing acquisitions.

  • Operational Alpha: Value creation driven by +5–15pt EBITDA margin uplift and RevOps scaling, not aggressive financial engineering.

Deal-by-Deal Transparency (Zero Blind-Pool Risk)

Each acquisition is structured through an independent SPV. You retain total capital control, full underwriting visibility, and zero blind-pool fund drag.

Hands-On Operator Execution

Post-close scaling is driven directly by C-level leadership with a proven GTM and RevOps track record ($500M+ ARR scale, $15M+ monthly ad spend management).

Proprietary Off-Market Sourcing

We bypass crowded auction processes, sourcing deals directly through founder relationships, proprietary service engagements, and targeted outreach.

Disciplined Underwriting & Exit Roadmaps

From Day 1, every deal features conservative balance-sheet leverage (2.0x DSCR floor, and a clear 5–7 year liquidity roadmap.

Flexible Capital Structures

Participate at your preferred risk/reward level—from early-stage search capital and deal-by-deal equity co-investments to platform syndication.

Value Creation Driven by Operational Alpha

We deliver 3.5x–4.5x Target MOIC (30%+ Net IRR) through organic margin expansion (+5–15pt EBITDA uplift) and unit economic optimization—not debt financial engineering.

Frequently asked questions

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CO-INVEST

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Frequently asked questions

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