Investment Criteria

We invest in B2B software, IT Services, and tech-enabled service companies with strong competitive positions, recurring or re-occurring revenue and high customer retention. We focus on family- and founder-owned businesses, orphan assets, and those poised for breakout growth.

<$100M

Enterprise Value
>$5M

Software ARR
>$10M

Services Revenue
>$3M

Services EBITDA
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About Etna Capital

Etna Capital is a private equity firm investing in family- and founder-owned businesses in technology and industrials. We focus on hands-on value creation, partnering with owners and management teams to optimize operations and build stronger businesses.

Founder

Peter Leibman
CEO

Peter Leibman is the Chief Executive Officer of Etna Capital. He has led a broad variety of investments in middle market businesses across technology, tech-enabled services and industrial sectors. He has served on the board of directors of numerous companies working closely with founders and management teams to achieve transformative growth and performance improvement.

Prior to Etna, Mr. Leibman was a Managing Director and co-founder of Peak Rock Capital, a leading middle market private equity firm. Previously, Mr. Leibman was an investment professional at Aurora Capital and a strategy consultant at Bain & Company where he led numerous engagements for middle market and Global 1000 clients in North America and Europe.

Mr. Leibman received an M.B.A. from the University of Chicago Booth School of Business, and a B.A. in Economics and Mathematical Methods in the Social Sciences from Northwestern University.

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At-a-Glance

15+

Years of Experience
20+

Investments Closed
$500M+

Capital Deployed