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Growth Equity

Saw Mill Capital

Saw Mill Capital takes minority stakes in growing companies, usually without full control, from Manor, NY. It states a focus on business & professional services, construction, consumer & retail and environmental & safety.

Capital raised$1.4bnacross 8 SEC-filed vehicles
Most recent fund2022filing since 2015
HeadquartersManor, NY
Largest single fund$435m

Stated investment criteria

What Saw Mill Capital says it buys

Read from Saw Mill 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.

Transaction typesPlatform, Add-on1
Founded19973
OfficesNew York4
People listed on its team page202

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. Saw Mill 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 Saw Mill Capital to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What Saw Mill 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 filed8
Total capital raised$1.4bn
Largest single vehicle$435m
Filing history2015 to 2022
Smallest accepted commitmentNone stated
Filed fromNEW YORK

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 Saw Mill 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$1.0bn
Employees25
Private funds advised10 · $1.0bn gross
SEC adviser numberCRD 156472

Valuation context

Transaction values in Business & Professional Services

What companies have actually sold for in business & professional services, across 668 recorded transactions.

Median consideration$55m
Middle 50%$11m-$200m
Revenue multiple1.2×
EBITDA multiple8.5×

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Comparable investors

Similar mandates

Other growth equity investors active in business & professional services.