Organization · Private Equity

N3 Capital Management

N3 Capital Management is a private investment firm based in Chicago, Illinois, focusing on U.S.-based companies in the lower middle market.

Private EquityFunder

Overview

What N3 Capital Management does

What N3 Capital Management is

N3 Capital Management is a private investment firm based in Chicago, Illinois, focusing on U.S.-based companies in the lower middle market.

How it participates in the startup ecosystem

The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.

Operational profile

Organization status and context

Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.

Operational status
Active
Organization type
Private Equity
Founded
Founded in 2022
Approximate age
About 4 years
Structured capabilities
Funder
Last reviewed
March 5, 2026

Official channels

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Capability profile

N3 Capital Management as a funder

Investment thesis

N3 Capital Management invests in U.S.-based private companies with revenues up to $100 million and EBITDA up to $10 million, focusing on buyouts, growth acquisitions, and turnaround opportunities.

Focus narrative

N3 Capital Management invests in U.S.-based private companies with revenues up to $100 million and EBITDA up to $10 million. The firm focuses on both majority and minority ownership across several sectors, including industrial services, consumer business services, and real estate. Their transaction types include buyouts, growth/add-on acquisitions, recapitalizations, and turnaround/restructuring.

Focus and fit

Stages
Growth Equity · Pre-IPO · Recap

Availability

Currently deploying
Not published

Portfolio and track record

Recorded notable exits
HelloFresh and CBRE

Portfolio context

Notable investments by N3 Capital Management include: River North Multifamily Development, a luxury multifamily building project in Chicago's River North neighborhood; Advance Switchboard Distribution, a manufacturer of UL-listed power distribution systems; Residential Portfolio, an investment in a portfolio of vacant homes; Commercial Real Estate Portfolio, a portfolio of healthcare real estate assets; Canvas at Mount Juliet, a community of single-family rental homes; Factor, the largest direct-to-consumer provider of fresh-prepared meals in the USA; and Industrious, a provider of flexible workplaces.

Connected ecosystem

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Common questions

What to know about N3 Capital Management

Upseed classifies N3 Capital Management under the Private Equity organization type. Its current public profile includes funder capabilities.

Next step

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Source and update disclosure

Know what this page is based on

Source basis

Public organization and program material, official websites, and structured Upseed records.

Last reviewed

March 5, 2026

Known limits

Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.

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