Palm Peak Capital Closes Oversubscribed Debut Fund at $374 Million

Private equity firm raises significant capital to invest in lower-middle market industrial and services companies

Published on Feb. 24, 2026

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Palm Peak Capital, a private equity firm based in Boca Raton, Florida, has announced the close of its inaugural fund, Palm Peak Capital Fund I, L.P. and Palm Peak Capital Fund I-A, L.P., with total committed capital of $374 million. The fund was oversubscribed and hit its hard cap, attracting commitments from a diverse group of global investors including university endowments, institutional family offices, pension funds, insurance companies, and fund-of-funds.

Why it matters

The successful fundraise marks a significant milestone for Palm Peak Capital, reflecting the confidence of its investors in the firm's value-oriented, operationally focused investment strategy. The new capital will allow Palm Peak to continue partnering with outstanding management teams to build market-leading industrial and services businesses.

The details

Founded in 2024 by Steve Liff, Daniel Florian, and Jeremy Stone, Palm Peak Capital focuses on control buyouts of fundamentally sound lower-middle market industrial and services companies across North America. The firm's collaborative, process-oriented approach aims to generate long-term value alongside its portfolio company management teams. To date, the fund has completed platform investments in Pacific Shoring Products, a leading manufacturer of trench safety equipment, and Domaille Engineering, a leading provider of advanced equipment, components, and related accessories used to manufacture pre-terminated fiber optic cables and high precision parts for mission critical end markets.

  • Palm Peak Capital was founded in 2024.
  • The firm announced the close of its inaugural fund on February 19, 2026.

The players

Palm Peak Capital

A private equity firm that invests in lower-middle market industrial and services companies across North America.

Steve Liff

Co-founder and Managing Partner of Palm Peak Capital.

Daniel Florian

Co-founder and Managing Partner of Palm Peak Capital.

Jeremy Stone

Co-founder and Managing Partner of Palm Peak Capital.

Pacific Shoring Products

A leading manufacturer of trench safety equipment, in which Palm Peak Capital has made a platform investment.

Domaille Engineering

A leading provider of advanced equipment, components, and related accessories used to manufacture pre-terminated fiber optic cables and high precision parts for mission critical end markets, in which Palm Peak Capital has made a platform investment.

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What they’re saying

“We are proud to announce the successful closing of our inaugural fundraise and are grateful for the strong support of our investors. This marks a significant milestone for Palm Peak Capital, reflecting our LPs' confidence in our value-oriented, operationally focused investment strategy.”

— Steve Liff, Daniel Florian, and Jeremy Stone, Co-Founders of Palm Peak Capital (BusinessWire)

“After nearly two decades working together, and now with our exceptional team at Palm Peak, we are excited to continue partnering with outstanding management teams to build market-leading industrial and services businesses. We look forward to executing on our pipeline of compelling opportunities and expanding our high-quality portfolio alongside investors who share our vision for generating lasting value.”

— Steve Liff, Daniel Florian, and Jeremy Stone, Co-Founders of Palm Peak Capital (BusinessWire)

The takeaway

Palm Peak Capital's successful debut fund raise demonstrates the continued investor appetite for well-executed, operationally focused private equity strategies targeting the lower-middle market industrial and services sectors. The firm's collaborative approach and experienced management team position it well to capitalize on compelling investment opportunities and build market-leading businesses alongside its portfolio company partners.