Growth-oriented lower middle market private equity firm
Sverica Capital Management
- HeadquartersBoston, MA S1
- Websitesverica.com
- Last verifiedOctober 20, 2026
At a glance
| Latest fund | Sverica Capital Partners VI, $750M (Mar 2023) S1 |
|---|---|
| Deal types | Platform, Growth S2 |
| Sectors | IT Services & MSP, Cybersecurity, Software & SaaS, Healthcare Services, Industrial & Manufacturing |
What Sverica Capital Management buys
Sverica Capital Management is a growth-focused private equity firm with offices in Boston and San Francisco. It invests in four areas: technology, business services, healthcare and advanced industrial companies. In practice its recent deals lean toward software, IT services and cybersecurity, such as Raken (field software for contractors), Zyston (managed security) and FOUR (which helps tech vendors sell to government buyers). It often takes a majority stake, keeps the existing CEO in charge, puts its own partners on the board and reinvests in growth.
Sverica reports $2.2 billion of committed capital since it started. Its sixth fund closed at a $750 million hard cap in March 2023 and is aimed at the lower end of the middle market, meaning companies worth up to about $250 million. The firm does not publish revenue or EBITDA minimums. It is most relevant to an owner of a growing, profitable software, IT services or healthcare business who wants a partner to fund the next stage rather than a buyer for an outright exit.
Recent deals
Announced in the 24 months before October 20, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| May 2026 | WinWireFund V company agreed to be sold to NTT DATA | Exit | IT Services & MSP | Source |
| Feb 2026 | Defy SecurityCybersecurity solutions provider agreed to be sold to Booz Allen Hamilton | Exit | Cybersecurity | Source |
| Dec 2025 | CoastalFund V IT consulting company sold to Tata Consultancy Services for $700 million | Exit | IT Services & MSP | Source |
| Sep 2025 | Med FirstSale of the North Carolina primary care clinic operator | Exit | Healthcare Services | Source |
| Sep 2025 | RakenMajority stake in a San Diego field management software platform for construction; the CEO stays on | Growth | Software & SaaS | Source |
| Jan 2025 | Stream CompaniesContinuation fund closed for the marketing software and services provider to auto dealers | Investment | Software & SaaS | Source |
| Oct 2024 | Electronic Source CompanyNew investment in an electronics manufacturing services company | Investment | Industrial & Manufacturing | Source |
Portfolio by sector
From the firm's portfolio page S8.
Cybersecurity
- ShadowDragon
Healthcare Services
- First Stop Health
Industrial & Manufacturing
- Hirebotics
- Electronic Source Company
IT Services & MSP
- Zyston
- FOUR Inc.
Software & SaaS
- Raken
- Omeda
- Stream Companies
Past investments: Defy Security, WinWire, Coastal, Med First
Greymont’s take
How Sverica Capital Management fits a seller
Sverica suits owners of software, IT services and managed security companies who want to keep running the business and grow it with outside capital. In its recent deals the CEO stayed in charge and Sverica partners joined the board, as at Raken in September 2025, FOUR in September 2024 and Zyston in July 2023. The firm has also been a busy seller: between September 2025 and May 2026 it announced sales of Med First, Coastal, Defy Security and WinWire, including Coastal to Tata Consultancy Services for $700 million, so a large strategic buyer is a common next owner.
Because Sverica invests through funds raised from outside investors and its record shows regular sales, an owner should ask what share of the company the firm wants, how much equity the owner keeps, and how long Sverica expects to hold before the next sale, since a rolled stake pays out at that exit.
Questions owners ask
Does Sverica invest in IT services and managed security companies?
Yes. It backed Zyston, a managed detection and response provider, in July 2023 and FOUR, which helps technology vendors sell to government buyers, in September 2024. It has also sold IT services firms Coastal and WinWire and agreed to sell Defy Security to Booz Allen Hamilton in February 2026.
How big a company does Sverica buy?
Its sixth fund, a $750 million pool that closed in March 2023, targets lower middle market companies with enterprise values of up to $250 million. Sverica does not publish a minimum revenue or EBITDA figure.
Does the CEO stay on after Sverica invests?
In its recent announcements, yes. At Raken, Zyston, FOUR and First Stop Health the existing chief executive kept running the company, and Sverica partners took seats on the board as part of the deal.
Sources
- S1Sverica Capital Management Closes $750 Million Fund VI at Hard Cap (March 22, 2023) Accessed October 20, 2026
- S2Raken Announces Strategic Growth Investment from Sverica Capital (September 9, 2025) Accessed October 20, 2026
- S3Sverica Capital Management Announces Growth Investment in FOUR Inc. (September 17, 2024) Accessed October 20, 2026
- S4Sverica Capital Management Announces Growth Investment in Zyston (July 11, 2023) Accessed October 20, 2026
- S5Sverica Capital Management Announces Strategic Growth Investment in First Stop Health (June 22, 2023) Accessed October 20, 2026
- S6Sverica Capital Management Announces Investment in Hirebotics (March 29, 2023) Accessed October 20, 2026
- S7Sverica Capital Management Announces Growth Investment in Omeda (August 2, 2022) Accessed October 20, 2026
- S8Sverica Capital Management releases on PR Newswire Accessed October 20, 2026
- S9Sverica Capital Management Announces Sale of Coastal to Tata Consultancy Services for $700 Million (December 10, 2025; headline only) Accessed October 20, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Sverica Capital Management. Figures are as reported on the dates shown and may have changed. Request a correction