True West provides wisely structured capital and guidance to help middle-market companies realize their full potential.
We partner with people, not companies. Those who share our belief that the long-view beats the short-term; that the value of a relationship is equal to any sum on a balance sheet; that the company we keep is the best measure of the company we are.
Winter 2024
Holding True.

Well into 2024, the debt capital markets remain open, but more selective and expensive. We continue to make the most of this business climate by honing the strategies responsible for the success of our first two funds. Focus pays. True West Fund III has made twenty two investments to date. The coming year is shaping up to be every bit as promising. With a newly expanded team, we expect to be even more effective.

Our experience navigating the ups and downs of multiple economic cycles affirms our investment philosophy. Tactics change when markets are in flux, but our approach continues to provide flexibility without compromising the rigor of our discipline. And there are always smart business owners worthy of our resources and focus.

News from Out West

Winter 2024

Notable Milestones: More than $525M invested in more than 50 deals

In 2023 True West Capital Partners’ total investments through three funds surpassed 50 deals done with over $525M deployed. Two stats that are concrete reminders to trust our experience and insight. Multitudes of valuable companies are looking for these resources to realize their business goals. We are poised to partner and help. >
January 2024


We are pleased to announce the closing of our recent investment in True West Fund III, Canvas. Founded in 2007, Canvas provides a mixture of engineering and technical services along with lifecycle management and programmatic services to various defense and intelligence community organizations. True West provided first lien debt and equity to support the strategic investment in Canvas, a portfolio company of Artinia Group. The transaction closed in January 2024. Canvas >
December 2023

Marine Floats

We are pleased to announced the closing of our recent investment in True West Fund III, Marine Floats. Founded in 1975, Marine Floats is a specialty marine contractor providing environmental and regulatory advisory services, marina and floating dock design, construction and installation services, for commercial and residential customers in the Pacific Northwest. True West provided subordinated debt and equity to support the investment by Branford Castle Partners. The deal closed in December 2023. Marine Floats >
December 2023

Fromm International

We are pleased to announce the recent closing of our 21th portfolio investment in True West Fund III, Fromm International, a portfolio company of our partner Firelight Capital. Founded in 1907 and headquartered in Mt. Prospect, Illinois, Fromm is a provider of various beauty tools and accessories to both the professional and consumer markets. True West provided mezzanine debt and equity to support the acquisition by Firelight Capital. The transaction closed in December 2023 Fromm International >