List of 47 Generalist Business Services Investors in Pennsylvania

Investor	PE Assets $mlns	Portfolio		M&A Activity Buy vs Sell, Last 5 Years
Investor	PE Assets $mlns	Total	Current	M&A Activity Buy vs Sell, Last 5 Years
Argosy Private Equity Wayne, Pennsylvania, United States Private Equity Firm • 1990 • website See all 20	575	110	33
Saothair Capital Partners Radnor, Pennsylvania, United States Private Equity Firm • 2019 • website See all 2	-	3	3
Tecum Capital Wexford, Pennsylvania, United States Private Equity Firm • 2005 • website See all 9	750	83	45
NewSpring Capital Radnor, Pennsylvania, United States Private Equity Firm • 1999 • website See all 39	3,500	215	93
PennSpring Capital Leola, Pennsylvania, United States Private Equity Firm • 2018 • website See all 2	-	10	6
LLR Partners Philadelphia, Pennsylvania, United States Private Equity Firm • 1999 • website See all 55	6,000	127	45
RCap Equity Partners Wayne, Pennsylvania, United States Private Equity Firm • 2018 • website See all 2	-	7	7
PNC Riverarch Capital Pittsburgh, Pennsylvania, United States Private Equity Firm • 2011 • website See all 7	250	35	14
Guardian Capital Partners Wayne, Pennsylvania, United States Private Equity Firm • 2007 • website See all 5	200	21	9
Inverness Graham Investments Newtown Square, Pennsylvania, United States Private Equity Firm • 2003 • website See all 15	1,000	36	15
L2 Capital Partners Devon, Pennsylvania, United States Family Office • 2011 • website See all 5	-	19	10
Boathouse Capital Wayne, Pennsylvania, United States Private Equity Firm • 2008 • website See all 9	2,000	52	22
Incline Equity Partners Pittsburgh, Pennsylvania, United States Private Equity Firm • 1982 • website See all 15	5,800	73	32
Graham Partners Newtown Square, Pennsylvania, United States Private Equity Firm • 1988 • website See all 23	5,000	58	19
PNC Mezzanine Capital Pittsburgh, Pennsylvania, United States Mezzanine Finance Firm • 1989 • website See all 8	1,500	78	26
Merion Investment Partners Wayne, Pennsylvania, United States Mezzanine Finance Firm • 2003 • website See all 6	425	52	15

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