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Buyout PE

Azimuth Capital Management

Azimuth Capital Management acquires controlling stakes in established, profitable businesses, from Calgary, Canada / Menlo Park, USA. It states a focus on software & internet, energy & utilities and transportation & logistics.

Disclosed holdings
Most recent fund2021filing since 2020
HeadquartersCalgary, Canada / Menlo Park, USA
Largest single fundNot stated

Stated investment criteria

What Azimuth Capital Management says it buys

Read from Azimuth Capital Management’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.

Founded20002
People listed on its team page261

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. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Azimuth Capital Management to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What Azimuth Capital Management 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 filed2
Total capital raisedNot disclosed in filings
Largest single vehicleNot disclosed in filings
Filing history2020 to 2021
Smallest accepted commitment$50k
Filed fromNORTH CAROLINA

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 Azimuth Capital Management is registered

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

Adviser statusExempt reporting adviser
Regulatory assets under managementNot reported by an ERA
Private funds advised3 · $540m gross
SEC adviser numberCRD 292608

An exempt reporting adviser is not required to report regulatory assets under management, so the blank above means the question was not asked rather than that the answer is unknown. Where a figure exists it is the gross asset value of the private funds the firm advises, which is a different and usually larger measure.

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

The full software & internet 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 software & internet.