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What we do

Raise CapitalThe investors who fit, and meetings with them.Source DealsEvery company in your niche, and who owns it.Grow RevenueWe find customers and partners, and who can introduce you.Map the MarketKnow your market before you commit to it.Underwrite and DiligenceWe check a deal's claims before you sign.Partner firmsFor firms running a raise or a search for their own clients.Data ServicesCustom data from public records, kept current.Government Data ServicesUnclaimed property and public records research.

The firm

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Capital formation for independent sponsors, deal by deal

Independent Sponsor Capital Raising

Praxis Rock Advisors runs capital formation programs for independent sponsors raising one deal at a time, on its own data and technology.

An independent sponsor has no committed fund: the equity and debt for each acquisition are raised deal by deal, after a letter of intent is signed and before exclusivity ends. Some call it a fundless sponsor, a deal-by-deal raise or a single-asset co-investment vehicle.

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How a deal-by-deal raise works with us

The capital partners are named before the letter of intent, so the raise starts the day exclusivity does.

Our data SEC filings Form ADV Form D Deal size Sector Structure Your capital partners Family offices High-net-worth investors Private equity funds Mezzanine and SBIC funds Co-investment groups LOI signed Exclusivity Interested Committed Signed Funded Close Funded at close
The list of capital partners is built before the letter of intent. The stack fills inside the exclusivity window.

Illustrative drawing.

From our public investor directory

Single family officesMulti-family officesLargest family officesFamily offices by place

How independent sponsor capital raising differs

Source Deals

The deal

Companies nobody is showing you. We map the niche, name the owners and open the conversation.

Raise Capital

The capital

Capital partners lined up before the letter of intent, so a support letter is backed by people who have seen your kind of deal.

Underwrite and Diligence

The memorandum

Your memorandum read the way your investors will read it: the model rebuilt, and each claim checked against the record.

Where an independent sponsor stands

You found the company yourself, earned the owner's trust and agreed on a price. Now the seller is watching the calendar, the costs of the deal sit with you, and the capital partners you need are meeting you and the deal at the same moment. They look for a sponsor who knows the industry firsthand, a price that leaves room for error, your own money and time at stake, and a clear answer to who runs the business after closing. We have worked as independent sponsors ourselves. Praxis Rock has done this work for many independent sponsors, with success.

From our own files

Base case 5.1x
With flat earnings About 1.9x
One sponsor's offering memorandum to its own investors showed roughly 5x. We rebuilt its model within 0.6% of its base case; with flat earnings, investors would make about 1.9x.

Praxis engagement file. August 2026

Underwrite and Diligence

As buyers

An independent sponsor and merchant bank

We looked for companies to buy as principals, one deal at a time, and underwrote each one ourselves.

Praxis Rock Advisors, the partners' own record.

About

Independent sponsor capital raising questions

How do independent sponsors raise capital for a deal?

Deal by deal. An independent sponsor has no committed fund, so the equity and debt for each acquisition are raised after a letter of intent is signed and before exclusivity ends.

Who invests alongside independent sponsors?

Family offices, high-net-worth investors, private equity funds, mezzanine and SBIC funds, and co-investment groups. Our public lists name family offices by kind and by place.

When should the capital raise start?

Before the letter of intent. Capital partners who already know you and your kind of deal can commit inside the exclusivity window. Partners met after signing may not.

One deal, one window. Start with the capital partners who can close inside it.

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Compare fundraising for buyout and private equity, venture capital, real estate, private credit and hedge funds.

Not a broker-dealer or placement agent. No transaction-based compensation.

Updated

Capital formation for fund managers and companiesHow we compare with a placement agentQuestions about fees and data