Private equity firms in Maryland engage in investing capital to acquire ownership in companies, often focusing on growth and operational improvements. This sector appeals to a range of businesses, from startups to well-established enterprises across various industries, including technology, healthcare, and real estate. As the need for capital and strategic partnerships continues to rise, Maryland's private equity industry is poised for expansion. Firms increasingly leverage data analytics and operational expertise to deepen value creation, highlighting a trend toward partnerships that offer more than just finance, but insight and strategic implementation.


The firms on this list range in size from small teams to larger organizations, reflecting a spectrum of specialization in investments. Located in Maryland's key cities like Chevy Chase and Baltimore, these companies were predominantly established in the last few decades. They tackle niches in private equity, venture capital, healthcare, and real estate, showcasing their adaptability in an evolving economic environment. Many have deep experience in targeted market sectors, helping the firms they invest in grow sustainably and successfully within their chosen fields.


Keep reading to discover the top private equity firms in Maryland.


Top 24 Private Equity Firms Companies in Maryland


1. Clark Enterprises USA LLC

  • Website: clarkenterprises.com
  • Ownership type: Private
  • Headquarters: Chevy Chase, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1972
  • Headcount: 11-50
  • LinkedIn: clark-enterprises-inc.

Clark Enterprises USA LLC, established in 1972, is a private investment firm based in Chevy Chase, Maryland. The firm specializes in private equity and real estate investments, managing a portfolio that aims to produce substantial returns for its investors. With a dedicated team of investors, Clark Enterprises works closely with partners and managers to transform ideas into successful companies and optimize real estate assets for financial growth. The firm is also notable for its philanthropic efforts, channeling investment returns into the A. James & Alice B. Clark Foundation, which supports various community initiatives, including education and veteran services. This dual focus on investment performance and community support positions Clark Enterprises as a significant player in the private equity sector.


2. Capitol Hill Group

  • Website: caphillgroup.com
  • Ownership type: Private
  • Headquarters: Bethesda, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1991
  • Headcount: 11-50
  • LinkedIn: capitol-hill-group

Capitol Hill Group, established in 1991 and based in Bethesda, Maryland, is a private investment firm that specializes in private equity, venture capital, real estate, and asset management. The firm is dedicated to providing thoughtful investment opportunities across a variety of sectors, including technology, healthcare, biotech, retail, apparel, sports, and entertainment. With a team of approximately 41 employees, Capitol Hill Group focuses on long-term, value-oriented investments, aiming to create sustainable growth for the businesses and organizations they serve. Their strategic approach to investment reflects a commitment to fostering innovation and supporting industries that drive economic progress.


3. Northlane Capital Partners


Northlane Capital Partners is an investment firm based in Bethesda, Maryland, established in 2017. The firm specializes in healthcare and business services, primarily targeting lower middle market companies. Northlane provides investment capital and strategic advisory services, assisting businesses in achieving growth through mergers and acquisitions. With a cohesive team that has worked together for over two decades, they have developed a strong network and deep expertise in their chosen sectors. Their portfolio includes a variety of companies, such as VMG Health and Empower Community Care, reflecting their commitment to enhancing operations and driving expansion in the healthcare and business services industries.


4. Access Holdings

  • Website: accessholdings.com
  • Ownership type: Family Owned
  • Headquarters: Baltimore, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2013
  • Headcount: 11-50
  • LinkedIn: access-holdings

Access Holdings, founded in 2013 and based in Baltimore, Maryland, is a family-owned private equity firm that specializes in investing in essential service-based businesses. The firm operates with a focus on building and scaling companies in fragmented markets across the United States. Access Holdings partners with business owners, providing not just capital but also expertise and resources to foster growth and innovation. Their proprietary ACE Program aids in portfolio development, while their Access Acceleration Center (A2C) offers critical capabilities such as digital lead generation and advanced analytics. With a history of creating eight platform companies and completing over 260 add-on acquisitions, Access Holdings demonstrates a proactive approach to investment and value creation in the private equity sector.


5. JPB Partners

  • Website: jpbpartners.com
  • Ownership type: Private
  • Headquarters: Hanover, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1995
  • Headcount: 11-50
  • LinkedIn: jpb-partners

JPB Partners is an investment management firm based in Hanover, Maryland, founded in 1995. The firm specializes in private equity and real estate investments, primarily targeting lower-middle market buyouts and managing income-producing commercial properties. JPB Partners focuses on multi-unit businesses, including franchise systems, in fragmented industries that cater to consumer needs. Their clientele consists of family offices and institutional investors looking to enhance their investment portfolios through strategic partnerships. The firm emphasizes sustainable practices and aims to create long-term value for its partners and the communities in which it operates. With a team that has extensive experience in both private equity and real estate, JPB Partners has developed a reputation for its analytical approach to investment and its commitment to growth.


6. Ames Watson

  • Website: ameswatson.com
  • Ownership type: Private
  • Headquarters: Columbia, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Latest funding: Other (Debt), $250.0M, January 2022
  • Founded year: 2018
  • Headcount: 1-10
  • LinkedIn: ames-watson-capital-llc

Ames Watson is a private equity firm based in Columbia, Maryland, specializing in investment management and brand acceleration. Founded in 2018, the firm partners with various businesses to provide operational expertise and strategic support, helping them navigate growth and transformation. Ames Watson's portfolio features notable brands in the retail and consumer goods sectors, showcasing their focus on long-term value creation. The firm operates with a commitment to more than just capital; they bring deep resources and experience to the table, aiming to help companies reach their full potential. In January 2022, Ames Watson secured $250 million in funding, further solidifying their capacity to invest in and support their portfolio companies. Their investment strategy includes a range of sectors, including sports, retail, and consumer goods, reflecting their adaptability and focus on operational excellence.


7. Patriot Capital

  • Website: patriot-capital.com
  • Ownership type: Private
  • Headquarters: Baltimore, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2001
  • Headcount: 11-50
  • LinkedIn: patriot-capital-l-p-

Patriot Capital, based in Baltimore, Maryland, is an investment firm that has been operational since 2001. The company specializes in providing both debt and equity investments to middle market companies, primarily targeting small- and medium-sized privately held businesses across various industries. Their investment strategy is centered on facilitating business growth, acquisitions, and management buyouts. With a team of experienced professionals, each boasting over 20 years in corporate finance, Patriot Capital has developed a disciplined approach to investing that emphasizes capital preservation and consistent earnings growth. The firm is also committed to responsible investing, having adopted a formal strategy that incorporates environmental, social, and governance (ESG) considerations into their investment processes. This commitment is further highlighted by their status as a signatory to the UN Principles for Responsible Investment. Patriot Capital's portfolio includes a range of companies, showcasing their active role in the private equity market.


8. FVLCRUM Funds

  • Website: fvlcrum.com
  • Ownership type: Private
  • Headquarters: Bethesda, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2013
  • Headcount: 1-10
  • LinkedIn: fvlcrum

FVLCRUM Funds, based in Bethesda, Maryland, is a private equity firm established in 2013. The firm specializes in investment management with a focus on social impact, particularly addressing the racial wealth gap in the United States. FVLCRUM targets lower-middle market companies, primarily in sectors such as government contracting, healthcare, and business services. Their approach combines capital investment with strategic support, aiming to foster growth and sustainability in the businesses they invest in. The firm has built a network of partnerships to enhance its community impact efforts and has recently closed on over $302 million in fund commitments, demonstrating their active role in the private equity market. FVLCRUM's commitment to empowering management teams and enhancing operational capabilities positions them as a notable player in the industry.


9. Camden Partners

  • Website: camdenpartners.com
  • Ownership type: Private
  • Headquarters: Baltimore, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1995
  • Headcount: 11-50
  • LinkedIn: camden-partners

Camden Partners is a Baltimore-based investment firm that specializes in growth equity and structured capital investments. Established in 1995, the firm has built a reputation for partnering with growth-stage companies, particularly in sectors like technology, healthcare, and business services. Camden Partners focuses on companies with enterprise values ranging from $10 million to $150 million, providing not just capital but also strategic guidance to help these businesses scale effectively. Over the years, they have invested in 86 companies across six funds, showcasing their commitment to fostering growth in the companies they support. Their investment strategies include structured capital and growth equity, allowing them to adapt to the needs of their portfolio companies. Notable exits, such as the sale of Implantable Provider Group to TPG Growth, highlight their ability to drive value and achieve successful outcomes for their investments.


10. Artemis Real Estate Partners

  • Website: artemisrep.com
  • Ownership type: Private Equity
  • Headquarters: Chevy Chase, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Latest funding: February 2025
  • Founded year: 2009
  • Headcount: 11-50
  • LinkedIn: artemis-real-estate-partners

Artemis Real Estate Partners is a private equity firm based in Chevy Chase, Maryland, with additional offices in New York City, Los Angeles, and Atlanta. Established in 2009, the firm specializes in commercial real estate investments, offering both equity and debt opportunities. Artemis focuses on various sectors, including residential, industrial, seniors housing, medical outpatient facilities, self-storage, hospitality, retail, and office spaces. The firm has successfully raised over $10 billion in capital and has completed approximately $16 billion in real estate purchases across its primary business lines. Artemis operates through joint ventures and direct investments, leveraging a robust network of over 130 operating partners to access local expertise and product specialists. The firm is committed to fostering a strong workplace culture and has received recognition for its efforts in diversity and inclusion within the industry.


11. MidCap Financial

  • Website: midcapfinancial.com
  • Ownership type: Private Equity
  • Headquarters: Bethesda, Maryland, United States (USA)
  • Employee distribution: United States (USA) 99%
  • Latest funding: $300.0M, May 2020
  • Founded year: 2008
  • Headcount: 201-500
  • LinkedIn: midcap-financial

MidCap Financial, founded in 2008 and based in Bethesda, Maryland, is a financial services company that specializes in providing customized lending solutions to middle-market businesses. With a workforce of approximately 344 employees, the firm has carved out a niche in the financial sector by offering a range of services, including Asset Based Lending, Financial Sponsors & Leveraged Finance, and Life Sciences & Technology Venture Finance. MidCap Financial plays a crucial role in helping clients access the capital necessary for growth and strategic initiatives. Their clientele spans various industries, showcasing their adaptability and expertise in addressing the unique financial needs of different sectors. In 2020, they secured a significant funding amount of $300 million, which underscores their capacity to support substantial transactions. Their partnership with Apollo Global Management enhances their ability to provide comprehensive financing solutions, making them a notable entity in the private equity financing landscape.


12. Calvert Street Capital Partners


Calvert Street Capital Partners, founded in 1995 and based in Timonium, Maryland, is a private equity firm that specializes in investment management for lower middle-market companies. The firm operates through two primary investment strategies: Crescentia Capital, which focuses on equity buyouts, and Parkway Capital, which targets mezzanine debt investments. With nearly 30 years of experience, Calvert Street has invested over $1.1 billion in more than 145 companies, emphasizing partnerships with family-owned and operator-led businesses. Their approach is rooted in collaboration and a commitment to driving growth and operational improvements, making them a notable entity in the private equity sector.


13. The Acacia Group

  • Website: acaciagroup.com
  • Ownership type: Corporate
  • Headquarters: Fulton, Maryland, United States (USA)
  • Employee distribution: United States (USA) 50%, United Kingdom (UK) 50%
  • Latest funding: July 2021
  • Founded year: 2016
  • Headcount: 1-10
  • LinkedIn: the-acacia-group

The Acacia Group is a private equity firm based in Fulton, Maryland, established in 2016. The firm focuses on investing in technology businesses and facilitating digital transformation across various sectors. With a small team of around 20 employees, Acacia Group operates as an independent sponsor, which allows them to provide hands-on support to management teams. Their investment strategy emphasizes building capacity and creating growth opportunities for their clients, which include businesses looking to enhance their operations. Acacia Group's portfolio features companies that are pivotal in digital transformation, such as MajorKey Technologies and Isos Technology, showcasing their commitment to nurturing mid-market leaders in the tech space. Their approach not only aims to drive financial returns but also to empower future leaders and foster corporate responsibility within their investments.


14. Alex. Brown Realty


Alex. Brown Realty, now known as ABR Capital Partners, is a private real estate investment manager based in Baltimore, Maryland. Founded in 1972, the firm specializes in core-plus, value-add, and opportunistic investments primarily within the middle market. With a focus on maximizing returns, ABR Capital Partners serves a range of clients, including public and private pension plans, endowments, foundations, and high net worth investors. The firm has successfully invested over $4.2 billion across more than 400 transactions, leveraging a robust network of over 100 operating partners to identify and capitalize on unique investment opportunities. Their disciplined approach to risk management and commitment to responsible investing further enhance their standing in the industry, making them a notable player in the real estate investment sector.


15. IMB Partners

  • Website: imbpartners.com
  • Ownership type: Family Owned
  • Headquarters: Bethesda, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2010
  • Headcount: 11-50
  • LinkedIn: imb-development-corporation

IMB Partners, founded in 2010 and based in Bethesda, Maryland, is a private equity firm that specializes in investments within the electric and gas utility sector and government contracting. The firm focuses on acquiring and growing middle market companies, providing not only capital but also strategic consulting to enhance operational efficiencies and drive growth. IMB Partners emphasizes building strong partnerships with management teams, ensuring that they align with the vision of the businesses they invest in. Their investment strategy includes a unique Two-Step Buyout™ model, which allows business owners to receive meaningful upfront cash while retaining an ownership stake. This approach fosters long-term relationships and supports the growth of their partner companies. IMB Partners has invested over $1 billion in capital across various platform investments and add-on acquisitions, showcasing their active involvement in the private equity industry.


16. Sunwater Capital


Sunwater Capital, based in North Bethesda, Maryland, is an investment firm that specializes in providing capital and expertise to entrepreneurs across the real estate, healthcare, and information sectors. Founded in 2017 by Stephany Yu and Matthew Chervenak, the firm aims to empower businesses that are reshaping their industries. With a team of professionals who possess deep domain expertise, Sunwater Capital focuses on long-term investments and flexible structuring to foster innovation and growth. Their portfolio includes a range of investments, from real estate developments to healthcare technology companies, reflecting their strategic focus on sectors that are poised for transformation. Sunwater Capital operates globally, with a presence in key markets, and is committed to creating value through partnerships with entrepreneurs.


17. Enlightenment Capital

  • Website: enlightenment-cap.com
  • Ownership type: Private
  • Headquarters: Chevy Chase, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2012
  • Headcount: 11-50
  • LinkedIn: enlightenment-capital

Enlightenment Capital is a private investment firm based in Chevy Chase, Maryland, founded in 2012. The firm specializes in making control and strategic non-control investments in middle market businesses within the Aerospace, Defense, Government, and Technology sectors. Enlightenment Capital partners with companies that provide critical services and enhance capabilities, addressing challenges in these essential industries. Their recent activities include a strategic investment in Cryptic Vector, a company that offers advanced cyber and electronic warfare solutions for the Intelligence Community and Department of Defense. This involvement highlights their commitment to supporting innovation and security in sectors that are pivotal to national interests.


18. Hull Street Energy, LLC

  • Website: hullstreetenergy.com
  • Ownership type: Private
  • Headquarters: Bethesda, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2014
  • Headcount: 11-50
  • LinkedIn: hull-street-capital

Hull Street Energy, LLC is a private equity firm based in Bethesda, Maryland, founded in 2014. The firm specializes in investing in the energy sector, with a focus on power generation and energy storage. Hull Street Energy partners with middle market power companies to facilitate their transition to sustainable energy solutions. With nearly three decades of experience in electricity infrastructure, the firm leverages its deep knowledge of grid operations and regulatory policies to make informed investment decisions. Their portfolio includes a range of energy assets, from natural gas and hydroelectric plants to solar and energy storage projects. Hull Street Energy actively evaluates numerous opportunities each year, aiming to identify the best partners and investments that support a cleaner energy future.


19. Savano Capital Partners


Savano Capital Partners is a private investment firm based in Baltimore, Maryland, established in 2010. The firm specializes in providing liquidity solutions to private shareholders and supporting high-growth expansion-stage businesses. Savano partners with company founders, early investors, and employees to optimize their financial positions through tailored liquidity strategies. Their services include offering primary capital to support portfolio company growth initiatives and facilitating shareholder transactions. With a small team of experienced professionals, Savano Capital Partners leverages its network to create win-win solutions for both shareholders and companies, ensuring that the interests of all parties are aligned. The firm is dedicated to helping its clients navigate the complexities of financial transitions while minimizing distractions from selling shareholders.


20. ABR Capital Partners

  • Website: abrcapital.com
  • Ownership type: Corporate
  • Headquarters: Baltimore, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Latest funding: January 2019
  • Founded year: 1972
  • Headcount: 11-50
  • LinkedIn: alex.-brown-realty-inc.

ABR Capital Partners, based in Baltimore, Maryland, is a real estate investment firm with a focus on core-plus, value-add, and opportunistic investments in the middle market. Founded in 1972, the firm has built a solid reputation over its fifty-year history, managing over $4.2 billion in assets across more than 400 transactions. ABR serves a range of clients, including public and private pension plans, endowments, foundations, and high net worth investors. The firm prides itself on its ability to identify value creation opportunities in the middle market, leveraging its extensive network of over 100 operating partners to source selective, often off-market investment opportunities. ABR's disciplined approach to risk management and commitment to responsible investing further enhance its standing in the industry.


21. GL Capital

  • Website: glcapital.io
  • Ownership type: Private
  • Headquarters: Columbia, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2016
  • Headcount: 1-10
  • LinkedIn: gl-capital-llc

GL Capital, founded in 2016 and based in Columbia, Maryland, is a private investment firm that specializes in real estate syndication and asset management. The company primarily targets multifamily and commercial properties, providing accredited investors and private equity institutions with opportunities to achieve stable returns. With a commitment to creating long-term wealth for clients, GL Capital emphasizes the importance of positively impacting local communities through strategic property investments. The firm has successfully completed 23 deals and currently manages over $40 million in assets, showcasing its active role in the real estate investment sector. GL Capital's approach combines financial acumen with a focus on community enhancement, making it a notable player in the real estate investment landscape.


22. Fcp

  • Website: fcpdc.com
  • Ownership type: Private
  • Headquarters: Chevy Chase, Maryland, United States (USA)
  • Employee distribution: United States (USA) 95%, India 3%, Nigeria 3%
  • Founded year: 1999
  • Headcount: 51-200
  • LinkedIn: federal-capital-partners

FCP, or Federal Capital Partners, is a privately held real estate investment company based in Chevy Chase, Maryland. Founded in 1999, FCP specializes in managing and developing both residential and commercial properties across major markets in the United States. The firm has invested over $13.1 billion in assets, demonstrating a robust commitment to the real estate sector. FCP employs a variety of investment strategies, including equity investments, joint venture equity, and structured investments such as mezzanine debt and preferred equity. They currently manage six funds totaling $4.2 billion in assets, focusing on value creation through disciplined analysis and local market expertise. FCP's team is recognized for its extensive real estate experience and strong community relationships, which enhance their investment outcomes. The firm is also committed to environmental, social, and governance (ESG) practices, as evidenced by their recent ESG report highlighting their initiatives in sustainability and community engagement.


23. The RLJ Companies, LLC

  • Website: rljcompanies.com
  • Ownership type: Corporate
  • Headquarters: Bethesda, Maryland, United States (USA)
  • Latest funding: $274.0M, July 2018
  • Founded year: 2004
  • Headcount: 11-50
  • LinkedIn: the-rlj-companies-llc

The RLJ Companies, LLC, founded in 2004 by Robert L. Johnson, operates as an investment holding company with interests across various sectors. Its portfolio includes premium-branded hotels through RLJ Lodging Trust, automotive dealerships under RML Automotive, and content streaming services via RLJ Entertainment. A significant component of its operations is RLJ Equity Partners, a private equity firm that invests in profitable businesses, emphasizing long-term capital appreciation. The company also engages in gaming operations and retirement management services, showcasing its multifaceted approach to investment. With a workforce of around 16 employees, The RLJ Companies is headquartered in Bethesda, Maryland, and has made notable strides in the private equity market, including a reported funding amount of $274 million in 2018.


24. JMI Equity

  • Website: jmi.com
  • Ownership type: Private
  • Headquarters: Baltimore, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1992
  • Headcount: 51-200
  • LinkedIn: jmi-equity

JMI Equity is a private investment firm based in Baltimore, Maryland, specializing in growth equity for software companies. Founded in 1992, the firm has raised over $8 billion in committed capital since its inception. JMI focuses on providing not just capital, but also strategic advice and value creation strategies to help software businesses thrive. Their portfolio includes a range of companies across various sectors, all of which benefit from JMI's extensive experience and operational insights. The firm emphasizes collaboration with management teams to navigate growth challenges and enhance shareholder value. JMI has completed more than 185 investments and 120 exits, showcasing its active role in the software investment landscape. With a team of over 40 investment professionals, JMI operates from offices in Baltimore, San Diego, and Washington, D.C., reinforcing its commitment to the software industry.



Private Equity Firms Insights: Key Companies in Maryland


CompanyHeadquarterSizeFoundedOwnership
Clark Enterprises USA LLCChevy Chase, Maryland, United States (USA)11-501972Private
Capitol Hill GroupBethesda, Maryland, United States (USA)11-501991Private
Northlane Capital PartnersBethesda, Maryland, United States (USA)11-502017Private
Access HoldingsBaltimore, Maryland, United States (USA)11-502013Family Owned
JPB PartnersHanover, Maryland, United States (USA)11-501995Private
Ames WatsonColumbia, Maryland, United States (USA)1-102018Private
Patriot CapitalBaltimore, Maryland, United States (USA)11-502001Private
FVLCRUM FundsBethesda, Maryland, United States (USA)1-102013Private
Camden PartnersBaltimore, Maryland, United States (USA)11-501995Private
Artemis Real Estate PartnersChevy Chase, Maryland, United States (USA)11-502009Private Equity
MidCap FinancialBethesda, Maryland, United States (USA)201-5002008Private Equity
Calvert Street Capital PartnersTimonium, Maryland, United States (USA)11-501995Family Owned
The Acacia GroupFulton, Maryland, United States (USA)1-102016Corporate
Alex. Brown RealtyBaltimore, Maryland, United States (USA)11-501972Private
IMB PartnersBethesda, Maryland, United States (USA)11-502010Family Owned
Sunwater CapitalNorth Bethesda, Maryland, United States (USA)11-502017Private
Enlightenment CapitalChevy Chase, Maryland, United States (USA)11-502012Private
Hull Street Energy, LLCBethesda, Maryland, United States (USA)11-502014Private
Savano Capital PartnersBaltimore, Maryland, United States (USA)1-102010Private
ABR Capital PartnersBaltimore, Maryland, United States (USA)11-501972Corporate
GL CapitalColumbia, Maryland, United States (USA)1-102016Private
FcpChevy Chase, Maryland, United States (USA)51-2001999Private
The RLJ Companies, LLCBethesda, Maryland, United States (USA)11-502004Corporate
JMI EquityBaltimore, Maryland, United States (USA)51-2001992Private


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