Lower middle market growth equity firm
Camden Partners
- HeadquartersOwings Mills, MD S6
- Founded1995 S1
- Websitecamdenpartners.com
- Last verifiedOctober 26, 2026
At a glance
| Latest fund | Strategic Partners Fund VI, $100M (Jun 2020) S7 |
|---|---|
| Revenue range | $10M+ S2 |
| Check size | $5M to $15M S2 |
| Deal types | Platform, Growth, Minority, Add-on S2 |
| Geography | United States S4 |
| Sectors | Software & SaaS, Education, Healthcare Services |
What Camden Partners buys
Camden Partners is a growth equity firm that David Warnock founded in 1995 after leaving T. Rowe Price. It is based in Owings Mills, Maryland, outside Baltimore, and has invested in 86 companies across six funds, most recently the $100 million Strategic Partners Fund VI, which closed in June 2020. Most of its current holdings are software or tech-enabled services companies, such as Harver (hiring software), Viventium (payroll and HR for post-acute care) and Ingo (payments), with a smaller group in education and one in healthcare services.
Its main strategy takes control-oriented stakes in profitable, recurring-revenue companies with $10 million to $50 million or more of revenue, enterprise values of $10 million to $150 million and growth of about 20% a year, using equity checks of $5 million to $15 million. A second strategy, Structured Capital, puts $1 million to $10 million of structured equity or convertible notes into technology companies with at least $10 million of revenue. Its recent deals are add-ons bought by its software companies, so a small software firm may meet Camden as a tuck-in.
Recent deals
Announced in the 24 months before October 26, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Sep 2026 | Symphony TalentRecruitment marketing and candidate relationship software added to Harver, the hiring assessment platform | Add-on | Software & SaaS | Source |
| Feb 2026 | ApploiNew York healthcare hiring, onboarding and scheduling platform added to Viventium, which serves post-acute care employers | Add-on | Software & SaaS | Source |
| May 2025 | Full Circle InsightsSalesforce marketing attribution and funnel analytics software added to Conquer, a Fund VI company | Add-on | Software & SaaS | Source |
Portfolio by sector
From the firm's portfolio page S4.
Education
- CIBT Education Group
- National American University
- Triumph Higher Education Group
Healthcare Services
- Roshal Imaging Services
Software & SaaS
- Bluefin Payment Systems
- CEIPAL
- Conquer
- Harver
- Ingo Money
- RedPoint Global
- Revver
- Stova
- Viventium Software
Other
- Pinnacle Automotive Hospitality Services (part of Xcite Automotive since 2024)
Past investments: Network for Good
Greymont’s take
How Camden Partners fits a seller
Camden fits founders of software or tech-enabled services companies that already have recurring revenue, positive cash flow and steady growth, and who want capital without giving up as much ownership as a large round would take. The firm says its check sizes suit owner-operators who are sensitive to dilution, and its Structured Capital option exists for cases where a normal growth round does not fit, such as a bootstrapped company or a messy cap table. Owners of traditional field-service businesses are a weaker fit; Camden's one dealership services holding, Pinnacle Automotive, dates from its fifth fund.
Camden has not announced a new platform investment since 2022, and its latest fund closed in 2020. An owner should ask how much capital Camden has left to invest, whether a new fund is planned, and what board and control rights come with its control-oriented growth deals.
Questions owners ask
What does Camden Partners invest in?
Mainly software and tech-enabled business services, plus some education companies. Its growth equity page says technology and enterprise SaaS companies make up most of its existing portfolio.
How big are Camden's checks?
Its growth equity strategy targets equity checks of $5 million to $15 million in companies worth $10 million to $150 million. Its Structured Capital strategy writes $1 million to $10 million checks and leads rounds of $1 million to more than $20 million.
Has Camden made acquisitions recently?
Its portfolio companies have. Harver bought Symphony Talent in September 2026, Viventium bought Apploi in February 2026, and Conquer bought Full Circle Insights in May 2025.
Sources
- S1Camden Partners home page Accessed October 26, 2026
- S2Camden Partners: Growth Equity strategy (target company profile) Accessed October 26, 2026
- S3Camden Partners: Structured Capital strategy Accessed October 26, 2026
- S4Camden Partners: Portfolio (current and select prior) Accessed October 26, 2026
- S5Camden Partners: News Accessed October 26, 2026
- S6Camden Partners: Contact (headquarters address) Accessed October 26, 2026
- S7Camden Partners Closes Fund VI with $100 Million in Commitments (June 24, 2020) Accessed October 26, 2026
- S8Harver Acquires Symphony Talent (September 17, 2026) Accessed October 26, 2026
- S9Viventium Acquires Apploi (February 4, 2026) Accessed October 26, 2026
- S10Conquer Has Acquired Full Circle Insights (May 20, 2025) Accessed October 26, 2026
- S11Xcite Automotive Acquired Pinnacle Automotive (April 18, 2024) Accessed October 26, 2026
- S12Network for Good to Be Acquired by Apax-backed Social Good Company (January 5, 2022) Accessed October 26, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Camden Partners. Figures are as reported on the dates shown and may have changed. Request a correction