When was Northstar Capital founded?

Northstar Capital was founded in 1993.

Where is Northstar Capital's headquarters located?

Northstar Capital's headquarters is located in Minneapolis (United States).

How big is Northstar Capital's investment team?

Northstar Capital has a team of 8, including 4 partners.

How many companies has Northstar Capital invested in?

Northstar Capital has invested in 109 companies, including LA Fitness & Paradigm.

Which companies has Northstar Capital invested in lately?

Standard Locknut & Automated Material Handling are the latest investments by Northstar Capital.

What sectors does Northstar Capital focus on for investments?

Top sectors in Northstar Capital's portfolio are Healthcare (8 investments) and Consumer Goods (8 investments).

How many exits has Northstar Capital been involved in?

Northstar Capital's portfolio has seen 72 acquisitions.

Northstar Capital - 2026 Investor Profile, Portfolio, Team & Investment Trends

Northstar Capital, established in 1993, is a private debt fund primarily based in Minneapolis, United States. It specializes in financing PE round of companies based in United States. Its portfolio includes 109 firms, spanning the Healthcare, Consumer Goods sectors.

As of Jul 2026, Northstar Capital has witnessed 72 portfolio exits so far. Its most notable investments include companies like LA Fitness, Paradigm and Accurate Background.

Its latest investment was a Undisclosed Seed round in Standard Locknut on Nov 2022.

Key Metrics

Founded Year

1993

Location

Minneapolis, United States

Portfolio Companies

LA Fitness, Paradigm & 107 more

Sectors of Investment

Healthcare, Consumer Goods & 19 more

Stages of Investment

PE, Conventional Debt & 5 more

Locations of Investment

United States, Canada & 1 more

View Northstar Capital's full profile

Northstar Capital has a portfolio of 109 companies. Their most notable investments are in Automated Handling Solutions and Automated Material Handling.Their portfolio spans across United States, Canada and United Kingdom. They have invested in Healthcare, Consumer Goods, Business Services and 18 other sectors, across stages such as PE, Conventional Debt and 5 more. Here is the list of top investments by Northstar Capital:

1. LA Fitness

Chain of fitness centres. They also provides cycling, boxing, dancing, body building, and aerobics.

Key facts about LA Fitness

Founded Year: 1984
Location: Irvine (United States)
Stage: Acquired
Total Funding till date: $600M
Employee Count: 15,122 as on May 31, 2026
Investors: CIVC Partners, Magenta Partners and 4 Others
Latest Funding Round: PE, Feb 2007, $*****
Highlight: Acquired

2. Paradigm

Manufacturer of high-performance audio products. This company designs and manufactures home theater systems, stereo speakers, subwoofers, and custom installation audio solutions. They utilize patented technologies and high-quality components to deliver superior sound quality. The product line includes various series catering to different needs and budgets, from entry-level to high-end audiophile systems. The company also offers accessories and room correction technologies to enhance the listening experience.

Key facts about Paradigm

Founded Year: 1982
Location: Toronto (Canada)
Stage: Acquired
Total Funding till date: $17.4M
Employee Count: 119 as on May 31, 2026
Investors: NewStar Financial, Northstar Capital and 1 Other
Latest Funding Round: Conventional Debt, Sep 01, 2005, $*****
Highlight: Acquired

3. Accurate Background

Key facts about Accurate Background

Founded Year: 1997
Location: Irvine (United States)
Stage: Early Stage
Total Funding till date: $5M
Employee Count: 1,891 as on May 31, 2026
Investors: Apax, Boathouse Capital and 2 Others
Latest Funding Round: Unattributed, Oct 31, 2014, $*****
Highlight: Editors' Pick

4. St. Croix Hospice

Key facts about St. Croix Hospice

Founded Year: 2008
Location: Oakdale (United States)
Stage: Acquired
Employee Count: 1,105 as on May 31, 2026
Investors: Ares Capital Corporation, H.I.G. Capital and 3 Others
Latest Funding Round: Grant (prize money), Feb 13, 2008, $*****
Highlight: Acquired

5. The Channel Company

Key facts about The Channel Company

Founded Year: 2013
Location: Westborough (United States)
Stage: Acquired
Total Funding till date: $10.5M
Employee Count: 543 as on May 31, 2026
Investors: Stone-Goff Partners, Maranon Capital and 2 Others
Latest Funding Round: Series A, Dec 07, 2016, $*****
Highlight: Acquired

View the full list of portfolio companies

Northstar Capital has invested in 116 companies over the last 24 years, with an average of 2 new investments annually in the last 10 years. Its most recent first time investment was in Standard Locknut and most recent follow-on round was in Automated Material Handling.

Here are Northstar Capital's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	0	0	0
2025	0	0	0
2024	0	0	0
2023	0	0	0
2022	7	2	9
2021	4	1	5
2020	3	2	5
2019	0	0	0
2018	0	0	0
2017	1	0	1

View all investments by Northstar Capital

Northstar Capital has made 9 investments in PE stage with an average round size of $2.25M, 6 investments in Conventional Debt stage with an average round size of $19M and 3 investments in Unattributed stage.

Here are Northstar Capital's investments by stage:

Stage of entry	No. of Investments
PE	9
Conventional Debt	6
Unattributed	3
Seed	2
Series A	1
Others	2

Note: We have considered here, only first round of investments

View all investments by Northstar Capital

Northstar Capital has a diverse portfolio, with companies operating in the Consumer Goods, Healthcare, Enterprise Applications, Food and Agriculture and Industrial Goods and Manufacturing. Notably, it has invested in 47 Enterprise (B2B) companies, 15 Consumer (B2C) companies, 8 Tech companies and at least 6 companies focusing on Software.

Here are Northstar Capital's investments by sector:

Sector	No. of Investments
Consumer Goods	4
Healthcare	3
Enterprise Applications	2
Food and Agriculture	2
Industrial Goods and Manufacturing	2
Others	8

Note: We have considered here, only first round of investments

View all investments by Northstar Capital

Northstar Capital has made most investments in United States (22), followed by United Kingdom where it has made 1 investment.

Here are Northstar Capital's investments by geography:

Country	No. of Investments
United States	22
United Kingdom	1

Note: We have considered here, only first round of investments

View all investments by Northstar Capital

Northstar Capital has not made any investment in 2026 so far.

Here are the most recent investments by Northstar Capital:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Nov 2022	Standard Locknut	United States	Seed	8390	-
Oct 04, 2022	Automated Material Handling	United States	Conventional Debt	9076	-
Oct 04, 2022	Automated Material Handling	United States	PE	3254	-
Oct 03, 2022	Automated Handling Solutions	United States	Seed	5503	-
Oct 03, 2022	Automated Handling Solutions	United States	Conventional Debt	6008	-

See more recent investments made by Northstar Capital

72 companies from Northstar Capital's portfolio have been acquired. The most recent acquisition was Rite in the Rain in Aug 2025 by Pennington Creek for $*****.

Here are Northstar Capital's portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Rite in the Rain	Aug 11, 2025	-	-	1044
Indo~European Foods	Dec 20, 2024	-	-	3514
Columbus Hydraulics	Aug 08, 2024	-	-	9085
Bix Produce Company	Jun 27, 2023	-	-	6699
Standard Locknut	Nov 30, 2022	Nov 2022	Seed	4904

View all acquired companies in Northstar Capital's portfolio

Northstar Capital has a team of 8 members including 4 Partners and 3 Principals located in United States.

Here is a list of all team members in Northstar Capital:

Name	Designation	Location	Contact Details
Scott L Becker	Partner	Minneapolis	1 Phone number
Christopher J Kocourek	Partner	Minneapolis	1 Email, 1 Phone number
Douglas Mark	Partner	Minneapolis	1 Email, 1 Phone number
Brian J Schneider	Partner	Minneapolis	1 Email, 1 Phone number
John V Kennefick	Principal	Minneapolis	1 Email, 1 Phone number
David Shuler	Principal	Minneapolis	2 Emails
Daniel E Kleineman	Principal	Minneapolis	1 Email, 1 Phone number

View team details of Northstar Capital

Over the past 24 years, 9 investors have co-invested in Northstar Capital's portfolio companies. This includes only funds.

Top Co-investors of Northstar Capital: 7 investors entered a company along with Northstar Capital. These include investors like Convergent Capital (1 company).
Invested after Northstar Capital: Fidus Investment (1 company) and Abacus Finance Group (1 company) are the investors which have invested in Northstar Capital's portfolio after their investments.