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Buyout PE

Atwater Capital

Atwater Capital acquires controlling stakes in established, profitable businesses, from United States. It states a focus on media & communications.

Capital raised$110macross 1 SEC-filed vehicle
Most recent fund2022
HeadquartersUnited States
Largest single fund$110m

Stated investment criteria

What Atwater Capital says it buys

Read from Atwater Capital’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

OfficesLos Angeles1

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Nothing here is a commitment by Atwater Capital to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What Atwater Capital has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed1
Total capital raised$110m
Largest single vehicle$110m
Filing history2022
Smallest accepted commitment$5m
Filed fromCALIFORNIA

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Regulatory record

How Atwater Capital is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusSEC registered
Regulatory assets under management$491m
Employees6
Private funds advised13 · $491m gross
SEC adviser numberCRD 299075

Portfolio

Disclosed holdings

Companies Atwater Capital lists on its own website. No investment years are published.

CompanyInvestedYears heldRecorded transaction
88rising
Epidemic Sound
Free Association
Freepik
GfK
League One Volleyball (LOVB)
Leonine Studios
Lovb
MadRiver Pictures
Magnific
Mediawan
Naspsocal
Plan B
WIIP Productions
Wiip

Compiled from Atwater Capital’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Valuation context

Transaction values in Media & Communications

What companies have actually sold for in media & communications, across 583 recorded transactions.

Median consideration$77m
Middle 50%$18m-$262m
Revenue multiple1.6×
EBITDA multiple8.2×

The full media & communications picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other buyout pe investors active in media & communications.