747 Capital is a fund-of-funds manager established in 2001 by Gijs van Thiel and Marc der Kinderen, allocating capital to small-cap funds across North America. The firm manages approximately $983 million in assets and has launched at least 12 separate funds under two fund family umbrellas.

The flagship funds, named Stuyvesant, are in their eighth generation and incorporate primary investments, co-investments, and secondaries. Meanwhile, LPs can also access more co-investment exposure via the Hudson funds, which are only offered to existing investors.

The funds that 747 Capital targets have $50 million to $350 million in LP capital. The firm also appears open to creating new relationships with fund managers as its Web site states: “747 Capital seeks to meet with every small-cap buyout fund in its market.” The firm’s strategy focuses on growth, buyout, and turnaround investment funds that target businesses with cash flow-positive companies valued between $10 million and $100 million. They also generally seek funds with a conservative approach to leverage. Since inception, the firm has made 92 fund investments and 121 co-investments. 747 Capital reviews at least 100 funds yearly.

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Apogem Capital is an alternative investment firm specializing in the middle market with approximately $41 billion in AUM. It was formed in 2022 after amalgamating the businesses of funds-of-funds manager PA Capital, lender Madison Capital, and co-investor GoldPoint Partners into one organization.

In total, the umbrella entity, which is a subsidiary of New York Life, has developed some 320 sponsor relationships and made approximately 2,700 investments. The private equity team manages about $20 billion in assets and invests across buyout, secondary, growth, turnaround and co-investment strategies. The firm has a long history of backing new funds and has committed $1.5 billion to 95 emerging managers. Apogem also has a “social advancement” strategy that targets managers from diverse backgrounds across Canada and the United States. The private credit team manages about $18 billion in assets spread across direct lending and junior debt strategies, while the real asset department has about $1 billion in AUM.

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