Overview
Kian Capital Partners, LLC (“Kian”), a North Carolina limited liability company, is a lower middle-
market investment firm focused on making direct investments into founder and management-
owned small businesses. Kian was founded in 2013 and is owned by Rick Cravey and Kevin
McCarthy (the “Founders”).
Kian serves as the investment manager, and affiliates of Kian serve as general partner, to provide
investment management services to its advisory clients, which include privately offered
investment funds (“Private Funds”) and funds subject to the Small Business Investment Act of
1958, as amended, and the rules and regulations thereunder (the “SBIC Act”), and licensed by the
Small Business Administration (“SBA”) as a Small Business Investment Company (“SBIC Funds”),
(and with Private Funds and Co-Investment Vehicles (described below), collectively referred to in
this brochure as (“Funds”). Kian currently provides advisory services to three SBIC Funds, Kian
Growth Partners III, L.P. (“Fund III”), Kian Mezzanine Partners II, L.P. (“Fund II”) and Kian Mezzanine
Partners I, L.P. (“Fund I”). The Funds focus on being the first institutional capital in founder-owned
businesses and will typically invest debt and equity into every transaction, with the ability to be a
majority or a minority shareholder. Kian has completed investments in 34 small businesses since
inception. Kian’s advisory services are also described below under Item 8: “Methods of Analysis,
Investment Strategies and Risk of Loss.”
Kian may also serve as the investment manager, and affiliates of Kian may serve as the general
partner, to various co-investment vehicles that Kian organizes to allow certain current or
prospective investors or other persons or entities,
including other co-sponsors, market
participants, finders, consultants, service providers, Kian personnel, certain other persons
associated with Kian or its affiliates and/or third parties to invest alongside one or more Funds in
a particular investment opportunity (each such vehicle, a “Co-Investment Vehicle”). Each
investment by a Co-Investment Vehicle is acquired and sold on substantially the same terms as
the corresponding investment by the applicable Fund. Any third-party investors that directly
invest in the Funds or Co-Investment Vehicles are referred to as “Investors” in this brochure.
Kian invests on behalf of Funds in a manner described in each Fund’s offering documents.
Kian tailors its advisory services to the specific investment objectives and restrictions of each Fund
pursuant to the investment guidelines and restrictions set forth in each Fund’s confidential private
placement memorandum and other governing documents and related documentation. Investors
and prospective Investors should refer to the governing documents for complete information on
the investment objectives and investment restrictions.
Kian is led by the Founders along with Scott Buschmann, David Duke, Matt Levenson and Jordan
Lee (the “Partners”), who have 95 years of combined investment experience throughout the
capital structure and have invested across several economic cycles. The Partners are supported by
a team of investment professionals who have extensive experience executing and managing
investments in lower middle-market businesses.
Kian does not participate in wrap fee programs.
As of March 31, 2024, Kian managed $0 in discretionary assets under management and does not
manage assets on non-discretionary basis.