BELEGAER CAPITAL
CMO-Led Execution to Every Deal
CMO-Led Search Fund: Investing in Scalable, Growth-Ready Businesses
Belegaer Capital is an operator-led investment firm that acquires and scales enduring businesses through a hybrid model blending fundless sponsorship, search fund discipline, and hands-on CMO-level leadership.
We raise capital deal-by-deal to acquire and scale $1M–$10M EBITDA businesses — led by a proven CMO-operator with skin in the game. We bring operational firepower, go-to-market precision, and a long-term mindset to every deal.
The name "Belegaer" — drawn from the vast seas of Tolkien’s world — reflects our values: depth, resilience, and the courage to navigate where others won’t.
Our model blends the best of three worlds:
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Search fund focus – We specialize in overlooked $1M–$10M EBITDA businesses, often passed over by traditional PE.
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Fundless flexibility – We move fast, without the red tape of blind funds.
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CMO-led operator edge – With 15+ years leading marketing and go-to-market strategy, we bring the systems that drive sustainable growth.
We’ve managed $15M+ in ad spend, launched 3,000+ campaigns, and scaled 100+ companies — not from the boardroom, but in the trenches.
Whether you’re a founder looking for a thoughtful exit, a co-investor seeking real upside, or an operator needing GTM firepower — we bring more than capital. We bring results.
Sell Your Business
3x revenue growth in 2–4 years Exit-ready in under 24 months Looking to exit without the complexity of big funds? We offer founder-friendly deals and step in as hands-on operators committed to long-term growth.
Our Investment Criteria
$1M–$10M EBITDA Range $5M–$60M Valuation Range We acquire profitable, resilient companies with $1M–$10M EBITDA — businesses with real potential that don’t fit the institutional mold.
Operator Services
+5–15pt EBITDA margin uplift 5–12x ROI on marketing & GTM investments We embed as CMO-level operators to unlock growth — partnering with founders, boards, or funds to lead strategy and drive execution.
Co- Invest With Us
2.5x–5x ROI Discipline with 5x–10x alpha upside 100% deal-by-deal model — no blind pools We don’t raise blind funds. We bring clarity, control, and access to vetted acquisitions where operational firepower is the alpha.