Private Equity Without a Fund: Inside Borgman Capital’s Growth Strategy (Podcast)

What does it take to build a successful private equity firm without a committed fund?

On Episode #13 of the Minds Capital podcast, Borgman Capital Founder & CEO Sequoya Borgman shares the principles and playbook behind the firm’s growth as one of the most respected independent sponsors in the private equity space.

Whether you're a business owner planning a sale, an investor exploring private equity opportunities, or an advisor supporting founder transitions, this conversation offers an inside look at:

• How we raise capital from high-net-worth individuals (HNWIs)/retail investors and our Pass the Hat strategy

• Why we focus on second-tier geographies

• Our disciplined approach to sourcing deals and building platforms

• Sponsor economics and how they differ from traditional funds

• Real-world outcomes, including a 57% IRR on a recent exit