Philosophy

How We Think. How We Invest.

Thirty years of building, exiting, and investing — now channeled into one platform.

This is how INDY thinks, and who is behind it.

The launch of INDY is the rebranding of Glen Road Capital. It was born out of the realization that 30+ years of doing deals, working with great people, and investing capital for ourselves and others should not just end. It should harvest the best of those years and become a conduit for good people, capital, and great companies coming together. INDY Capital is just that. We have assembled a team of seasoned deal makers and operators who weren't ready to hang up their skates, added in some youth, and created a dynamic offering.

The name is an acronym for what brought us together:
I-N-D-Y
I'm Not Done Yet

0%

ASSET MANAGEMENT FEE

7.5%

PREFERRED RETURN HURDLE

100%

INDY INVESTS ITS OWN CAPITAL ALONGSIDE INVESTORS IN EVERY DEAL

The Problem

We Feel the Traditional Private Equity Model Is Broken

2% management fee model creates misaligned incentives. Here's why:

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2% Management Fee

Firms get paid regardless of performance. You lose, they still win.

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Performance Fees on Top

Additional fees layered on management fees. Double dipping.

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Fee-First Model

Management fees earned before investor returns. Wrong order.

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Asset Gathering

Incentivized to raise largest fund possible. Not best returns.

Our Solution

A Different Approach: Full Alignment

Zero management fees. 7.5% hurdle. True partnership.

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No Management Fees

No ongoing fees based on assets. We don't get paid to hold your capital.

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7.5% Hurdle First

Investors earn first 7.5% annualized before we participate.

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50/50 Participation

Profits split equally after the preferred return.

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Principals Co-Invest

We invest alongside you. Our capital is at risk in every deal.

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Founder & Principal — Steve Meehan

Steve has worked alongside management teams to take companies from startup to hundreds of millions in valuation, executed successful public market exits, and delivered investor returns ranging from 8 to 22 times original invested capital across multiple ventures.


At INDY, he leads with the same discipline that has defined every business he has built. Capital is treated as an owner would treat it. Principals co-invest in every deal. The board provides oversight. Interests are aligned by design.

30+

Years Ops

Experience

8x-22x

Return Range Across Ventures

100%

Principals

Co-Invest

“I actually don't want to bring in new capital unless I have a place to invest it. Raising capital for the sake of it doesn't do anyone any good. We deploy capital only when the conditions are right — and that discipline is what protects investors." — Steve Meehan

Investments That Built INDY's Discipline

Steve Meehan led and partnered with management teams across numerous investment opportunities that demonstrated the same discipline INDY applies today: rigorous selection, hands-on partnership, and patience for the right exit. Here is a sample of some of those results;

2,200%

Lorne Park Capital

Return to original investors over 14 years

1,300%

IPC Financial Network

Return to original public shareholders over 5 years

800%

Intrigue Technologies (Harmony Remote)

Return over 4 years

200%+

NVT Phybridge

Return on original invested capital — ongoing

Returns reflect investments led by Steve Meehan, working alongside management teams and boards prior to and including INDY Capital Partners. Past performance does not guarantee future results.

How We Think

Management Partnership

We partner with management teams of invested companies. We are operators, not just capital providers.

Investor Partnership

Transparent reporting, aligned incentives, and shared goals. Our investors are partners, not just capital sources.

Capital Stewardship

Investor interests come first. We deploy capital only when conditions meet our strict criteria — never to generate fees.

Disciplined Deployment

Capital is deployed with discipline and long-term alignment. We walk away from more deals than we pursue.

Our Criteria

What We Look For

Disciplined criteria. Rigorous selection.

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Profitable & Proven

Demonstrated history of consistent, recurring earnings.

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Strong Management

Experienced teams with operational track records.

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Growth Runway

Clear history of growth with defined expansion path.

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Operational Culture

Strong culture with management accountable to KPIs.

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No Speculative Bets

No start-ups; only proven businesses with earnings.

Leadership

The Team

Experienced operators. Aligned interests.

On every INDY investment, a member of our team joins the board or leadership of the company we partner with.
We don't just invest capital. We invest ourselves.

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Steve Meehan

Founder & Principal

Founded INDY Capital Partners in 2014 after thirty years building, scaling, and exiting businesses across wealth management, financial services, and technology.

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Chris Dingle

Chairman & FOUNDING SHAREHOLDER

A graduate of Osgoode Hall Law School with decades of leadership across real estate and financial services, including as CEO of RealFund (Canada's first REIT) and founding President of IPC Financial Network.

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Frank Gawlina

FOUNDING SHAREHOLDER & Board Member

Frank is joining the managemet team of aquisition #1. Currently Principal at Hill Valley Investment Corporation. Former Chief Operating Officer, CFO, Head of Legal, and Head of People, Culture & Talent at Investment Planning Counsel.

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Tom Kofman

FOUNDING SHAREHOLDER & Board Member

Investor, Chartered Professional Accountant, and founder and former Chairman of M Partners Inc., a full-service institutional investment bank.

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Dr. Minto Jain

FOUNDING SHAREHOLDER & Board Member

Surgeon, healthcare executive, and entrepreneur with three decades of leadership across medicine, retirement homes, and imaging clinics in Ontario.

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Grant Gooley

FOUNDING SHAREHOLDER & Board Member

Founder and CEO of MyPortal Marketing, bringing expertise in digital strategy, brand development, and technical due diligence to INDY's portfolio companies.

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Konnor McLeod

FOUNDING SHAREHOLDER & BUSINESS ANALYST

Chief Investment Officer at Poetic License Capital with prior investment experience at Bellwether Investment Management and RBC Dominion Securities.