RADNOR, PA — Connor McMahan has announced the launch of Virent Capital, a Radnor-based private equity firm focused on partnering with founder-led services and consumer businesses in the U.S. lower middle market. The firm promises a distinctive approach blending sector expertise, technological innovation, and operational enhancements to create meaningful value for its portfolio companies.
Built on a mission to redefine private equity success, Virent Capital employs a research-driven, thesis-led investment strategy backed by Virent Drive™, a proprietary operating platform. This technology-enabled system integrates expertise in IoT, artificial intelligence, application development, and performance marketing, providing the tools to modernize, scale, and grow businesses.
“Virent was created to meet the needs of founders looking for more than just capital,” said Connor McMahan, Founder and Managing Partner of Virent Capital. “We are building a firm purposefully designed for this segment of the market, offering the structure, resources, and strategic support to help companies scale with focus and integrity. I am grateful to my mentor and anchor investor, Bob Levine, and to our senior advisors for their belief in my vision. Their support and partnership are instrumental to what Virent is building.”
Targeting businesses with under $8 million in EBITDA, Virent Capital is especially suited for companies seeking their first institutional partnership. Its emphasis on aiding firms undergoing transitions to digital operations differentiates the firm within the private equity landscape.
Bob Levine, Founder of L2 Capital and a long-time mentor to McMahan, serves as an anchor investor for the new firm. Speaking on the partnership, Levine said, “Connor and I have worked closely together for more than a decade, and I’ve had the opportunity to see his instincts and discipline as an investor play out time after time. He has consistently earned the trust of founders and delivered strong outcomes for all stakeholders. My family and I are proud to support him in this next chapter and are confident in his ability to grow, build, and succeed with Virent over the coming years.”
With over a decade of investment experience, including his tenure as a Partner at L2 Capital, McMahan brings a track record of achieving results for founders and stakeholders alike. Virent Capital also plans to selectively extend investments into other sectors where operational modernization and digital enablement can deliver substantial performance improvements.
Through its innovative platform and hands-on support, Virent Capital aims to help founder-led companies achieve scalable growth and address the challenges of technological transformation.
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