Fund profile · Compiled from public sources

Heron Capital

Indianapolis, United States

Their stated focus (public profile)

Heron Capital is a principal-funded private investment firm based in Indianapolis that acquires lower-middle-market companies with the intent to hold them permanently — no fund lifecycle, no forced exit. They focus on businesses with up to $4M EBITDA and gross margins above 35%, with particular depth in precision manufacturing and healthcare supply chain. They are industry-agnostic but Midwest-rooted, and operate as hands-on partners rather than financial managers.

Sectors: Manufacturing, Healthtech, Medtech, Defense

Check size: EBITDA up to $4M

Website: heroncap.com

This perch was compiled from public sources — filings, the fund’s own site, public write-ups. None of it is the fund’s own words.

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