Profile
Aphias Capital is a private equity firm based in San Francisco, founded in 2025. The firm is led by a team of 16 professionals, including partners Amanda Kalin and Robert Wolfson, who bring extensive experience from H.I.G. Capital. Aphias Capital is known for its operational focus and commitment to building successful lower-middle-market companies in North America.
The firm invests primarily in healthcare services and essential B2B services sectors, targeting businesses with EBITDA between $5 million and $30 million. Aphias Capital typically acts as a company's first or second institutional investor, focusing on companies with recurring demand and potential for technological and operational enhancements. The firm operates exclusively in North America and employs a unique One Team Alignment method to align strategic objectives among stakeholders.
Notable investments include Stambaugh Ness - a consulting services company. Aphias Capital emphasizes forming strategic partnerships with its portfolio companies to accelerate growth and achieve operational success, maintaining a deliberately concentrated investment strategy to provide full attention to each partnership.
Industry
Aphias Capital Funds
| Name | Type |
|
|
|
Size | AUM | Launch date |
|---|---|---|---|---|---|---|---|
|
Aphias Capital Fund I
|
Private Equity (PE)
|
Business Services (B2B)
Healthcare Services
|
Late Stage (Series C+)
|
North America
|
$50-100 m
|
—
|
October 2026
|
Contacts
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