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About

Mizzen Capital primarily invests debt into U.S. based lower middle market companies. We tailor capital structures to fit company's needs and objectives. We prioritize transparency and aligned goals.

Our Team

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Managing Partner

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Managing Partner

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Managing Director

DEI Policy

Diversity, Equity and Inclusion are core tenets of Mizzen Capital’s priorities across every level of our firm in everything that we do - across gender, culture, ethnicity, disability and veteran status, among others. As a certified women and minority owned firm, our team is highly diverse. We embrace different perspectives and believe this leads to better decision making. We foster a collaborative culture based on trust, respect and integrity. 

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Sailing on Sea

Strategy

A company's success is our success. Our interests must be aligned and our commitments to each other must be clear and achievable.

Investment Characteristics

  • Targeting companies with EBITDA of $1M to $10M

  • Emphasis on business models with  free cash flows, recurring revenues and lower capex and consistent historical financial performance

  • Strong, Experienced Management team with demonstrated commitment to success

  • Defensible industry leadership or distinguished market niche

  • Growing market with fundamental value proposition

  • Asset base or reliable cash flows to support loans.

  • Located in the United States or its territories

Industry Sectors

  • Manufacturing

  • Industrial

  • Business Services

  • Healthcare Services

  • Information Technology

  • Software

  • Energy Transition

Transaction Structures

  • Senior Secured First Lien, Senior Secured Second Lien, Mezzanine With Warrants and Equity Co-Investment.

  • Under 4x leverage

  • Use of Proceeds: Including but not limited to providing working capital, recapitalizations, acquisitions, and growth

  • Investment Size can range up to $30M, larger loans will be syndicated. Smaller transactions will be considered if they are integral to a larger relationship

Mizzen Philosophy and ESG Impact

Mizzen employs ESG approach to investing

  • The success of Mizzen Capital Management, LLC (“Mizzen”) depends on the success of our portfolio companies, our investors, our colleagues and our communities and we consider all of them in our decisions.

  • Small businesses provide the vitality and foundation of communities and Mizzen is dedicated to supporting the growth of small U.S. based businesses. 

  • Mizzen is a women-owned SBIC fund with a diverse and inclusive team that connects us to diverse ownership teams seeking investment. Mizzen:

    • Value honesty and integrity in everything we do.

    • Strive to act responsibly and to communicate clearly.

    • Build long term relationships based on trust and respect.

    • Empower our team and companies with aligned goal.

Mizzen commits to U.N. PRI

  • Incorporate ESG issues into our investment analysis and decision-making processes.

  • Be active owners and incorporate ESG issues into our ownership policies and practices.
  • Seek appropriate disclosure on ESG issues by the entities in which we invest.
  • Promote acceptance and implementation of the Principles within the investment industry.
  • Work together to enhance our effectiveness in implementing the Principles.
  • Report on our activities and progress towards implementing the Principles

Mizzen is committed to uphold the U.N. principles of responsible investing(“U.N. PRI”) in the following manner:

Download Mizzen Impact Report

Current Portfolio

A Test and Measurement Company

$22,500,000

Term Loan

Nov 22, 2023

A Warehouse and Logistics Company

$6,000,000

Term Loan

Jun 13, 2023

Four Summer Camps

$10,000,000

Term Loan

Oct 6, 2023

A Corrosion Prevention Company

$4,200,000

Senior Secured Term Loan

Mar 16, 2023

A Government IT Solutions Provider

$16,000,000

Debt and Equity

Jul 17, 2023

A Critical Infrastructure Service Provider

$2,600,000

Mar 10, 2023

$2,100,000

Feb 1, 2022

$2,800,000

Dec 6, 2021

$6,000,000

Jul 15, 2021

A Solar Installation Company

$15,000,000

Debt and Equity

Jun 16, 2023

A provider of body scanners in the security and surveillance market

$4,000,000

Mar 6, 2023

$7,250,000

Nov 16, 2021

Mizzen News

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Ms. Adler has been named to the 2024 Most Influential Women in Mid-Market M&A

Jan 8, 2024

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Join Marilyn Adler at Exponent Women's 2024 Exchange in NYC January 25th. She will be moderating the panel - "B2B: Efficiency Over Growth!"

Jan 4, 2024

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Private Credit’s Rising Tide Fails to Lift Women- and Minority-Owned Firms

Dec 29, 2023

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Ms. Karter will be speaking at Opus Connect's SoCal Private Debt Summit on Nov. 30th. Join her panel "Navigating the Shifting Landscape: Macro and Micro Trends Impacting the Private Credit Industry" at 2:30pm!

Nov 27, 2023

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Join Marilyn Adler at Opus Connect's 2023 Independent Sponsor Summit in NYC November 8th. Her panel - "Effective Interaction & Communication Between Capital Providers & Independent Sponsors" is not one to miss.

Nov 6, 2023

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