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Keystone Capital

Keystone Capital

Chicago, Illinoiskeystonecapital.com

Overview

Keystone Capital is a Chicago-based private equity investment firm founded in 1994. The firm focuses on making long-term, majority-controlled investments in lower middle-market companies. Keystone partners with management to build sustainable, market-leading businesses across several sectors, including commercial & industrial services, food & beverage, industrial technology, professional and technology-enabled services, technical services, and healthcare services. The firm targets companies with an EBITDA between $5 million and $20 million. Keystone closed its third fund in February 2024 at a hard cap of $630 million.

Portfolio Companies

8

Investments

Keystone Capital investments
CompanyDateStageLead
Penta Fine Ingredients, Inc.May 2025Private EquityLead
AsiaYoJul 2022Series CCo-investor
Van Deusen & AssociatesDec 2021Private EquityLead
ProcuzyJul 2021SeedLead
SuitenessDec 2016Series ACo-investor

Sector & Stage Mix

Industry, funding stage, and valuation band breakdowns.

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SeedSeries ASeries BGrowth

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Investment Activity

Yearly cadence, pace, and funding raised over time.

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2021
2022
2023
2024
2025
2026

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FAQ

Firmographic Details

HeadquartersChicago, Illinois
Year FoundedN/A

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