$25T+
Lower middle market addressable universe
The largest and most fragmented segment of private equity, dominated by independent sponsors with proprietary deal flow.
Private Equity · Independent Sponsors · Lower Middle Market
Private equity's most compelling opportunity. Now accessible.
Novara partners with the most talented independent sponsors to find exceptional lower middle market businesses and build lasting value around them. Available to accredited investors by application.
The Opportunity
4,000+
Active independent sponsors in the US
Lean, aligned dealmakers with sector expertise and owner relationships — yet chronically undercapitalized at the deal level.
2–4x
Return premium vs. large-cap PE
Decades of data show LMM buyouts consistently outperform large-cap equivalents on a risk-adjusted basis.
How It Works
Built for investors who think in decades, not quarters.
Every deal on Novara has been sourced, diligenced, and approved before it reaches you. You choose which opportunities to participate in — we handle everything else.
See the full process- 01
Apply & get approved
Complete a brief application. We review each one individually and respond within 2 business days.
- 02
Access curated deals
Browse institutional-quality deal memos, financial models, and diligence materials for every opportunity.
- 03
Invest with confidence
Commit to deals that fit your portfolio. We handle the SPV formation and all administration.
- 04
Build your portfolio
Track performance, receive quarterly updates, and watch your private equity portfolio grow over time.
Why Novara
Institutional diligence
Every deal is underwritten to the same standard as a top-tier PE fund. Full IC memos, financial models, and sponsor track records.
Deal-by-deal transparency
You know exactly what you own. No blind pools, no black boxes — complete visibility into every investment.
Aligned economics
10% carry with a preferred return hurdle. We only win when you win, and not before.
Curated access
Membership is by application. Every investor on the platform has been individually reviewed and approved.
Register Interest
Interested in learning more?
Let us know a little about yourself and what interests you. We'll follow up personally.