Majority ownership
We acquire control positions and take responsibility for outcomes. Long-term horizon. No forced exits.
Building enduring businesses with patient private capital
We invest proprietary capital to acquire and operate service and technology businesses. We prioritize majority ownership and selectively support minority opportunities where our operating experience can accelerate growth.
Our Approach
Investment Principles
Selective minority
We take minority stakes only where our involvement can create meaningful leverage for founders.
Operator led
We bring an operator's perspective—focusing on durable cash flows, customer retention, and measurable value creation.
Investment Philosophy
Methodology and Risk Framework
Our approach is grounded in operating experience and disciplined capital allocation. We focus on businesses with predictable cash flows, defensible market positions, and management teams aligned with long-term value creation.
Due Diligence Framework
Comprehensive analysis of market dynamics, competitive positioning, financial quality, and operational scalability.
Risk Management
Concentration limits, scenario modeling, and stress testing across economic cycles.
Value Creation
Operational improvements, strategic initiatives, and capital structure optimization.
Investment Criteria
Target Profile
Revenue Range$3M - $50M
EBITDA Margin15%+
Market PositionLeadership in defensible niche
Hold PeriodPermanent capital
Portfolio Construction
We have 30+ majority positions. Concentrated portfolio of 8-12 core holdings with selective opportunistic investments. Geographic focus on North America with select international opportunities.
Illustrative; case-by-case.
Core Investments
Flagship Platforms
We build and operate a family of platforms that define Morgul's core — each designed to create enduring value through innovation, operational excellence, and strategic market positioning.
Institutional Advisory & Capital Platforms
Wraith is a financial services holding company providing institutional-grade advisory and transaction solutions to founder-led and middle-market businesses. Its integrated ecosystem spans investment banking, brokerage, data intelligence, and secondary market platforms — delivering precision, discretion, and execution at scale.
Explore Portfolio
Venture Studio & Company Builder
Annatar is a venture studio focused on conceiving, building, and scaling companies from the earliest stages. Partnering with exceptional founders and operators, Annatar transforms bold ideas into enduring enterprises — providing capital, hands-on advisory, and shared operational infrastructure to accelerate growth and long-term value creation.
Learn More
Partner with Morgul
If you are considering the next chapter for your business, we provide a permanent home for quality companies. Our patient capital and operating expertise enable founders and owners to scale without the pressure of fund timelines.
Start a conversation