Robert Covington today announced the launch of Braemont Capital (“Braemont”), a relationship-driven investment firm with offices in Dallas, TX and New York, NY. With an experienced team, extensive industry network and flexible capital base, Braemont will partner with founders, families and ownership-minded management teams to invest in companies at growth inflection points and create enduring value. Braemont recently held an initial close on its first investment vehicle with substantial capital commitments from an institutional investor representing several leading endowments, family offices and individuals that are highly aligned with the firm’s strategy.
“I am very proud to start this new chapter alongside an exceptional team,” said Robert Covington, Managing Partner. “Our collective experience and relationships will help us identify, invest in and grow great businesses in defensive growth niches where we have unique insight and the ability to be value-added partners to our management teams.”
Prior to founding Braemont, Robert was a Partner at RedBird Capital Partners. He was previously a Managing Director of The Stephens Group, LLC, a private equity firm investing capital on behalf of the Stephens family, one of America’s longest-tenured private equity investors. Prior to The Stephens Group, LLC, Robert was a Partner at SSM Partners, a private equity firm focused on expansion-stage technology, business services and consumer services companies. Before SSM, Robert was the Founder and CEO of Firstdoor, now part of Infor, where he built and directed a seventy-person organization that was one of the earliest “Software as a Service” business models.
“We’re excited that Braemont will enable Robert to pursue his passion for investing in these targeted end markets,” said Gerry Cardinale, Founder and Managing Partner of RedBird Capital Partners. “He has our full support in building a differentiated investment business, and we look forward to collaborating with him over the long term.”
Braemont will launch with a team of eight professionals with extensive experience, complementary skillsets and a passion for business-building. The firm will employ a thematic and opportunistic investment strategy, leveraging experience, research and relationships to identify and cultivate actionable investment opportunities. Braemont will focus on investments in defensive growth niches in both enterprise (B2B) and consumer (B2C) end markets, typically investing between $25-$200 million of equity capital in either control or minority positions.
About Braemont Capital
Braemont Capital is a relationship-driven investment firm focused on partnering with founders, families and ownership-minded management teams to invest in exceptional companies at growth inflection points. Our firm is differentiated by the combination of an experienced team, extensive industry partner network and a flexible, long-term capital base. We are growth-oriented and seek to generate superior outcomes through entrepreneurial business-building initiatives. Our capital base enables us to be flexible in structuring and holding investments to execute these initiatives and create enduring value.