Growth Equity
NMS Capital
NMS Capital takes minority stakes in growing companies, usually without full control, from New York, USA. It states a focus on business & professional services and healthcare & life sciences.
Stated investment criteria
What NMS Capital says it buys
Read from NMS 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.
| EBITDA it states | $5m to $25m1 |
| Transaction types | Platform, Add-on, Growth1 |
| People listed on its team page | 192 |
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. NMS Capital states that it takes majority or outright ownership. 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 NMS Capital to consider any particular business, and nothing on this page is represented as being for sale.
Regulatory record
How NMS Capital is registered
From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.
| Adviser status | SEC registered |
| Regulatory assets under management | $1.9bn |
| Employees | 28 |
| Private funds advised | 5 · $1.2bn gross |
| SEC adviser number | CRD 158140 |
Portfolio
Disclosed holdings
Companies NMS Capital lists on its own website. 5 carry a stated investment year.
| Company | Invested | Years held | Recorded transaction |
|---|---|---|---|
| Avaap | 2016 | 10 | — |
| CORDENTAL Group | 2017 | 9 | — |
| CSD Autism Services | 2019 | 7 | — |
| CSL Consulting | 2024 | 2 | — |
| Capstone Mechanical | 2025 | 1 | — |
| Anne Arundel Dermatology (2015 | — | — | — |
| Claritas | — | — | — |
| Constellation Behavioral Health | — | — | — |
| Constellation Behavioral Health (2016 | — | — | — |
| Conviva Care Centers | — | — | — |
| DCM Services | — | — | — |
| DCM Services (2020 | — | — | — |
| DirectMed Imaging | — | — | — |
| Flourish Research | — | — | — |
| GrapeTree | — | — | — |
| H2O Plus | — | — | — |
| Korn Ferry | — | — | — |
| LDR Site Services | — | — | — |
| LHC Group | — | — | — |
| Marshall Retail Group | — | — | — |
| NMS II / NMS V | — | — | — |
| OOMC | — | — | — |
| Safety Management Group | — | — | — |
| Strive Medical | — | — | — |
| TXP Environmental | — | — | — |
| The HWP Group | — | — | — |
| Treeways | — | — | — |
| VONA Case Management | — | — | — |
| aadermatology.com | — | — | — |
| cstonemechanical.com | — | — | — |
| directmedparts.com | — | — | — |
| ettaingroup.com | — | — | — |
| exoinc.com | — | — | — |
| nwenv.com | — | — | — |
| pdstherapy.com | — | — | — |
| ssllc.com | — | — | — |
| us-fas.com | — | — | — |
| us-uro.com | — | — | — |
Compiled from NMS 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 Business & Professional Services
What companies have actually sold for in business & professional services, across 668 recorded transactions.
The full business & professional services picture - most active acquirers, recent transactions and every investor in the sector.
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Comparable investors
Similar mandates
Other growth equity investors active in business & professional services.