Our Funds
Two Strategies. One Philosophy
INDY Capital Partners offers two paths for qualified investors. Whether you are seeking long-term capital appreciation through the INDY Equity Fund or income-generating returns through the INDY Debenture, both vehicles operate on the same principles: zero management fees, a 7.5% preferred return hurdle, and principals invested alongside you in every deal.
0%
ASSET MANAGEMENT FEE
7.5%
PREFERRED RETURN HURDLE
100%
INDY INVESTS ITS OWN CAPITAL ALONGSIDE INVESTORS IN EVERY DEAL
FUND 1 — ESTABLISHED 2014
INDY Income Fund
Formerly Glen Road Fund #1
Consistent quarterly distributions for over a decade
11%+
Annualized Returns
100%
Original Capital Returned
Quarterly
Consistent Distributions
INDY's original income-generating fund (formerly Glen Road Fund #1) has delivered strong, consistent performance for over a decade. With a focus on royalty-based investments in established asset management businesses with strong recurring revenue and client retention, the fund has provided reliable quarterly income distributions to its investors.
Original investors have received more than 100% of their original capital back, and they continue to receive yield. This is what disciplined, investor-first capital deployment looks like across a full market cycle.
Target 8-10% Annual Yield (Historical 11%+)
May partner with Equity Fund on select deals
Quarterly distributions to investors
7.5% preferred return hurdle
NEW FUND — LAUNCHING 2026
INDY Equity Fund
Long-term capital appreciation through equity participation
12-15%
Target Investor Returns
5-8 yr
Investment Hold Period
7.5%
Preferred Return Hurdle
The INDY Equity Fund offers direct equity participation in high-conviction private company opportunities across Canada and the United States, targeting long-term capital appreciation.
INDY does not earn a dollar until investors have received a minimum 7.5% annualized preferred return. In the Equity Fund, that means INDY may not recieve any fees for 5-8 years. That is not a risk to the fund — it is how the fund is designed to ensure investor returns come first.
Target 12–15% investor returns
Canada and United States focus
5–8 year investment horizon
7.5% hurdle, 50/50 split thereafter
Control/majority equity positions
CURRENT OPPORTUNITY
First Deal — Active Acquisition Underway
The INDY Equity Fund's first acquisition is currently under a signed letter of intent. The target is a U.S.-based company with a 20-year operating track record, $45 million USD in annual revenue, and approximately $11 million in EBITDA — organic annual growth has been consistently above 15 % for the last several yearswithout external capital. INDY Capital is partnering with exiting management and acquiring the business at 4 times EBITDA, with management owning approximately 25% of the go forward company.
Indy has researched the market and finds it not only to be growing quickly, but also very fragmented.
The growth plan targets achieving 100 million in annualized revenue over the next few years through a combination of growth and acquisitions
At that level the company should be very profitable, and achieved a scale that could attract many potential suitors, likely affording the company an exit opportunity at a much higher multiple.
Transaction details are based on a current letter of intent. Closing is subject to completion of due diligence and customary conditions.
“In the Equity Fund, we may not make a dollar for five or eight years. We are entirely confident in the companies we select — confident enough that our return follows yours, not the other way around." — Steve Meehan
The Decision
What Path Is For You?
Investors may participate based on income or growth objectives—or both.
GROWTH
INDY Equity Fund
Long-term capital appreciation.
Target 12-15% returns.
5-8 year hold period.
Capital gains-focused.
Learn More ➔
INCOME
INDY Debenture
Consistent quarterly income.
Target 8-10% annual yield
(11%+ historical).
Reliable, predictable distributions.
Learn More ➔
Both funds feature: Investor-first structure | 7.5% preferred return hurdle | Strong alignment
tHE PROCESS
How to Invest
The six steps to partnership
Introduction
Reach out via our contact form or through a personal introduction.
Due Diligence
Review fund
documents and strategy
Minimum
$100,000 minimum investment
Subscription
Complete subscription documents
Capital Call
Fund your investment
Reporting
Quarterly updates and distributions
Participation is limited to accredited investors. A net worth of $1,000,000 or annual income of $250,000 is required.
Questions About Either Fund?
Reach out directly. Most conversations about INDY begin with a personal introduction. If you have been referred or want to learn more, we welcome the conversation.