Estancia Capital Management, LLC Announces Final Close of Estancia Capital Partners Fund III, LP, its Largest Fund to Date

SCOTTSDALE, Ariz. & PHILADELPHIA--(BUSINESS WIRE)--Estancia Capital Management (“Estancia”), a specialist private equity firm investing in lower middle-market financial services companies, today announced the successful final closing for its third buyout fund, Estancia Capital Partners Fund III, L.P. and its affiliated investment vehicles (“ECP III”). ECP III secured $367 million in commitments with a target of $350 million. With this closing, Estancia’s regulatory assets under management are approximately $965 million. Estancia received strong support from its existing investor base of financial institutions, insurance companies, public pension funds, funds of funds, OCIOs and family offices. Estancia also welcomed significant first-time commitments from investors, demonstrating confidence in its differentiated investment strategy.

“We are deeply grateful to our investors for their continued confidence in Estancia and pleased to welcome new investors to the partnership,” said Mike Mendez, Co-Founder and Managing Director. “This successful fundraise reflects the strength of the relationships we have built over many years and the trust our investors place in our ability to perform in a challenging market. We believe Estancia is distinguished by the breadth and experience of our team, together with deep domain expertise, which positions us well to pursue compelling opportunities in the lower middle market. We remain committed to being disciplined, thoughtful stewards of our investors’ capital.”

“Our decades of operating experience and investing in the financial services industry gives us distinctive insight about what contributes to great management teams and durable business models,” said Takashi Moriuchi, Co-Founder and Managing Director. “We are demonstrating our ability to discern compelling companies, often in less penetrated niches of the financial industry, with outsized growth potential. We believe the lower middle market is less efficient, offering a broad opportunity set for us to repeatedly apply our investment strategy; we partner with exceptional founder/operator-led businesses and accelerate their vision driving meaningful value creation.”

To date, Estancia has invested in 17 platform companies and completed 21 add-on acquisitions, with 9 complete exits and 1 partial exit. In January 2026, Bloomberg included Estancia Capital Partners Fund II, L.P. as one of the Top Ten Buyout Funds under $500 million for vintage years 2018-2023*.

Kirkland & Ellis, L.P. served as legal advisor to the Estancia funds.

Estancia is a specialist private equity firm focused on investing in lower middle-market companies that provide mission-critical solutions to the financial sector. Estancia’s Principals have a history of successfully partnering with management teams to facilitate portfolio companies’ strategic development, including management buy-outs from larger financial firms, private ownership/succession transitions, growth initiatives, and team carve-outs. For more information, visit www.estanciapartners.com.

*Bloomberg Private Funds League Tables, dated January 2026. Rankings are based on net internal rate of return (IRR) for private equity buyout funds with less than $500 million in committed capital and 2018–2023 vintage years, as compiled by Bloomberg using its Private Funds data platform, Database: PE<GO>, aggregated from public sources, regulatory reports, and direct relationships of Bloomberg with certain General Partners and Limited Partners. The ranking reflects performance relative to only those other funds included in Bloomberg’s dataset. Bloomberg did not receive compensation from Estancia Capital Partners or its affiliates in connection with this ranking.