BALTIMORE, MD, March 5, 2024 — Calvert Street Capital Partners, a prominent investment firm focused on the lower middle market, has announced a significant rebranding initiative, officially changing its name to Calvert Street Investment Partners. This strategic shift reflects the firm’s evolution into a multi-faceted investment platform, building upon three decades of experience in fostering growth and value creation within family, founder, and owner-operated businesses.
Founded in Baltimore in 1995, Calvert Street Investment Partners has established itself on a bedrock of integrity, accountability, and collaborative partnerships. The name change underscores the firm’s expanded investment scope, encompassing both private equity and private credit strategies, while reaffirming its dedication to the lower middle market. The moniker “Calvert Street” pays homage to the firm’s rich history and Baltimore roots, while “Investment Partners” emphasizes its deep investment expertise and collaborative ethos with stakeholders.
This transition to Calvert Street Investment Partners will enhance the firm’s ability to provide comprehensive support to its portfolio companies. This includes robust infrastructure encompassing financial reporting, accounting, IT, regulatory compliance, and investor relations, ensuring operational excellence across its private capital businesses. The firm’s new website, www.calvertstreetinvestmentpartners.com, offers further details on this evolution.
Josh Hall, Co-Founder of Calvert Street Investment Partners, commented on the rebranding, stating, “Having deployed over $1 billion across more than 135 companies in the past 30 years, our team possesses a profound understanding of the nuances of lower middle-market investing. Our name change mirrors the diversification of our investment activities, strengthens our commitment to both private equity and private credit sectors, and solidifies our position as a leading investor in lower middle-market enterprises.”
As part of this strategic evolution, Calvert Street Investment Partners is also introducing new branding for its distinct business lines. The equity buyout division will now operate under the name Crescentia Capital, while the mezzanine financing arm will continue as Parkway Capital. Each business will feature new visual identities and dedicated websites, further clarifying their respective focuses within the Calvert Street Investment Partners platform.
Crescentia Capital will continue to serve as the equity buyout arm of Calvert Street Investment Partners, concentrating on partnerships with families, founders, and owner-operators. Their mission remains to accelerate growth and drive significant value creation within lower middle-market companies, specifically within the industrial and infrastructure services and specialty manufacturing sectors. The name “Crescentia,” signifying “land of growth or increase,” holds historical significance, being the original name Sir George Calvert envisioned for the land granted by King Charles I, which later became Maryland.
Brian Guerin, Managing Partner of Crescentia Capital, expressed enthusiasm for this new chapter: “We are excited about this evolution. While our name is changing to Crescentia Capital, our core commitment to family, founder, and owner-operated businesses remains steadfast. At Crescentia Capital, we see the lower middle market as a fertile ‘land of growth,’ and we are passionate about driving value and achieving successful outcomes for our investments.” Further information on Crescentia Capital can be found at www.crescentiacapital.com.
Parkway Capital, the mezzanine business of Calvert Street Investment Partners, will maintain its focus on providing mezzanine debt and minority equity to lower middle market companies. They partner with management teams, family/owner operators, and third-party financial sponsors to facilitate growth, recapitalizations, and ownership transitions.
Chris Pope, Co-Founder of Parkway Capital, highlighted the synergy with Calvert Street Investment Partners: “Our alignment with Calvert Street Investment Partners has amplified our capacity to deploy capital effectively and achieve successful outcomes in the lower middle market. We believe our updated visual identity and website will enhance communication about how we collaborate with management teams, funded and independent equity sponsors, and family/owner operators to capitalize on growth opportunities, recapitalizations, and ownership transfers.” Additional details on Parkway Capital are available at www.parkwaycapital.com.
About Calvert Street Investment Partners
Calvert Street Investment Partners is a registered investment advisor with the SEC, specializing in lower middle-market investments through two distinct strategies: equity buyouts via Crescentia Capital and mezzanine financing through Parkway Capital. Collectively, the investment professionals at Calvert Street Investment Partners have deployed over $1.1 billion across more than 135 companies since 1995. For further information, please visit: www.calvertstreetinvestmentpartners.com.
About Crescentia Capital
Crescentia Capital, the equity buyout division of Calvert Street Investment Partners, primarily focuses on control investments in companies providing essential services to the industrial and infrastructure sectors. Since 1995, Crescentia Capital has partnered with families and owner-operators to accelerate growth and create value in lower middle-market businesses. Crescentia Capital emphasizes close collaboration with operating partners and management teams, employing a disciplined investment approach aligned with strategic growth plans. The investment team has collectively invested over $600 million (including co-investment amounts) across more than 65 companies. More information is available at: www.crescentiacapital.com.
About Parkway Capital
Parkway Capital, the mezzanine business of Calvert Street Partners, has been providing flexible junior capital solutions to lower middle market companies since 2000. They partner with management, funded and independent equity sponsors, and family offices. Parkway’s experienced investment professionals have navigated numerous economic cycles, maintaining a consistent track record in mezzanine and minority equity investments. Collectively, Parkway Capital professionals have invested over $500 million across more than 70 portfolio companies. For additional details, please visit: www.parkwaycapital.com.
