In the News
Calvert Street Investment Partners Announces Rebranding and Launch of New Company Website Showcasing its Longstanding Presence in the Lower Middle Market
BALTIMORE, MD, March 5, 2024 — Calvert Street Capital Partners, a leading lower middle-market investment firm, today announces it will operate under the new name of Calvert Street Investment Partners. Founded on the principles of integrity, accountability and collaboration, Calvert Street Investment Partners has been building and growing companies in the lower middle market for three decades. The firm has consistently evolved yet remains focused on driving family, founder, and owner-operated businesses to their potential and generating exceptional results for its investors.
The new name marks Calvert Street Investment Partners’ transition to a multi-strategy investment platform. “Calvert Street” represents the firm’s rich history since its founding in Baltimore in 1995. “Investment Partners” describes the firm’s deep investment acumen and spirit of partnership among all of its constituents. Calvert Street Investment Partners will continue to provide support and infrastructure including financial reporting, accounting, IT, regulatory compliance, and investor relations to its private capital businesses. Please visit the new website: www.calvertstreetinvestmentpartners.com.
“Having invested over $1 Billion in 135+ companies over the last 30 years, our team has developed an intimate understanding of lower middle-market investing,” said Josh Hall, Co-Founder of Calvert Street Investment Partners. “Transitioning our name reflects the growing diversification of our investment business, reinforces our commitment to the private equity and private credit markets, and reflects our position as a leading investor in lower middle-market businesses.”
As part of the rebranding, the firm’s equity buyout business will be renamed Crescentia Capital. The firm’s mezzanine business will continue as Parkway Capital. New visual identities and websites have also been created for these businesses.
Crescentia Capital will continue as the equity buyout business of Calvert Street Investment Partners. Crescentia Capital partners with families, founders, and owner-operators to accelerate growth and drive value creation in lower middle-market companies in its sectors of focus (industrial and infrastructure services and specialty manufacturing). “Crescentia” means “land of growth or increase” and was the name that Sir George Calvert, originally intended for the land granted to him by King Charles I, which ultimately became the State of Maryland.
“We are all excited for this next chapter of our firm,” said Brian Guerin, Managing Partner of Crescentia Capital. “While the name of our business has changed, our focus on family, founders and owner-operated companies remains the same. At Crescentia Capital, we view the lower middle market as the ‘land of growth’ and passionately drive our investments to increase value and achieve successful outcomes.”
Please visit www.crescentiacapital.com for additional information.
Parkway Capital is the mezzanine business of the firm and will continue to provide mezzanine debt and minority equity to lower middle market companies alongside management, family/owner operators, and third-party financial sponsors.
“Our affiliation with Calvert Street Investments Partners has only strengthened our ability to invest our capital to achieve successful outcomes in the lower middle market,” said Chris Pope, Co-Founder of Parkway Capital. “We believe that our new visual mark and website will assist in better communicating how we partner with management teams, funded and independent equity sponsors, and family/owner operators to pursue growth opportunities, recapitalizations, and facilitate ownership transfers.”
Please visit www.parkwaycapital.com for additional information.
About Calvert Street Investment Partners
Calvert Street Investment Partners is an SEC-registered investment advisor investing in lower middle-market companies through two distinct investment strategies: Crescentia Capital, its equity buyout business, and Parkway Capital, its mezzanine business. Collectively, Calvert Street Investment Partners’ investment professionals have invested over $1.1 billion in 135+ companies since 1995. For more information, please visit: www.calvertstreetinvestmentpartners.com.
About Crescentia Capital
Crescentia Capital, the equity buyout business of Calvert Street Investment Partners, focuses primarily on control investments in companies providing critical or essential services to the industrial and infrastructure end markets. Crescentia has been partnering with families and owner-operators to accelerate growth and drive value creation in lower middle-market companies since 1995. Crescentia collaborates closely with its operating partners and management teams, employing a disciplined investment approach that aligns our interests and commitment to the strategic growth plan. Collectively, the investment professionals have invested more than $600 million of capital (including co-investment amounts) across 65+ companies. For more information, please visit: www.crescentiacapital.com.
About Parkway Capital
Parkway Capital, the mezzanine business of Calvert Street Partners, has invested alongside management, funded and independent equity sponsors, and family offices, providing flexible junior capital alternatives for lower middle market companies since 2000. Parkway’s experienced, mezzanine-focused investment professionals have invested through numerous cycles and will continue their collective legacy of making mezzanine and minority equity investments. The Parkway Capital professionals have collectively invested more than $500 million of capital across 70+ portfolio companies. For more information, please visit: www.parkwaycapital.com.