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Private Equity  ·  M&A Advisory  ·  San Diego

The Powerof Access.

Building the ownership economy through disciplined acquisition, principled governance, and covenant capital.

Our Strategy
View Platforms
$75M+
Assets Under Governance
$250K–$2M
Target EBITDA Range
7–10×
Exit Multiple Target
12M+
SMB Succession Targets
$10T
Wealth Transfer Opportunity
Scroll
Childcare Platform — Active
HVAC Platform — Platform Search
AI Platform — Active
Fund I — $25M Childcare Roll-Up
Advisory — 30+ Clients 2026
Covenant Capital Model
Operator-in-Residence Program
Childcare Platform — Active
HVAC Platform — Platform Search
AI Platform — Active
Fund I — $25M Childcare Roll-Up
Advisory — 30+ Clients 2026
Covenant Capital Model
Operator-in-Residence Program
Investment Thesis

We govern wealth.
We do not merely accumulate it.

FishCurrent Capital is a lower-to-middle market private equity firm focused on the acquisition, governance, and operational enhancement of cash-flowing, founder-led businesses. We step into the largest generational business transfer in American history — not to extract, but to steward.

Over 12 million U.S. businesses owned by Baby Boomers face succession without a plan. We provide that plan — with capital, operators, and a governance model built to last.

"Ownership is governance.
Stewardship is worship."
FishCurrent Capital — Founding Principle
3–5×
Entry Multiple
Acquiring at disciplined valuations below market
25%
EBITDA Growth Target
Through operational improvement per asset
7–10×
Exit Multiple
Platform sale at institutional valuations
25–40%
Target Gross IRR
Base to upside across fund vehicles
Our Approach

Platform acquisition.
Disciplined scale.

View Active Platforms →
01
Acquire the Platform
We identify a vertical beachhead — a well-positioned, cash-flowing business in a recession-resilient sector. We acquire controlling interest through creative deal structures: seller financing, earn-outs, equity rollovers, and LBOs designed to minimize LP equity while maximizing returns.
Sectors: Childcare · HVAC · AI · Facilities
02
Stabilize & Govern
Within 90 days of close, we install an Operator-in-Residence, execute our governance framework, standardize financial reporting, optimize cash flow, and activate the covenant waterfall allocation model. Governance before growth — always.
Tool: Management Services Agreement (MSA)
03
Launch the Fund
Once the platform is stabilized, we launch a vertical-specific fund — targeting $25M per vehicle — and execute a disciplined roll-up of add-on acquisitions at 3–4× EBITDA. We exit the consolidated platform at 7–10× to strategic or institutional buyers.
Fund I: $25M Childcare Roll-Up
Active Platforms

Where the current
is already flowing.

Active
Childcare & Early Education
Childcare Platform
FishCurrent's inaugural platform acquisition and the launchpad for Fund I — a $25M childcare roll-up vehicle. The U.S. childcare industry is a $60B market with a structural operator shortage and government-subsidized revenue streams providing institutional-grade downside protection.
$25M
Fund I Target
$60B
Market Size
10+
Target Add-ons
4.2%
Sector CAGR
Platform Search
HVAC & Mechanical Services
HVAC Platform
FishCurrent's second vertical target. A $151B market growing at 5.1% CAGR with long service contracts, high repeat-customer rates, and exceptional recession resistance. Platform LOI activity is underway with fund thesis and capital raise in parallel.
$151B
Market Size
5.1%
CAGR
Active
Artificial Intelligence & Automation
AI Platform
A technology enablement acquisition developed in strategic partnership. Serves as an internal modernization engine to AI-proof all FishCurrent portfolio companies through workflow automation, reporting, and governance technology infrastructure.
10%
LP Equity Remaining
Advisory Division

We help people
step into ownership.

FishCurrent's Advisory Division exists for one purpose: to guide aspiring acquisition entrepreneurs through the full journey of buying a cash-flowing business. We don't list businesses for sale. We don't represent sellers. We sit on the buyer's side of the table — every time.

The ownership economy is not closed. It's just hard to navigate alone. We've built the map — and we walk it with you.

12M+
Businesses Facing Succession
Boomer-owned SMBs without a buyer — the largest untapped acquisition market in history
<20%
Successfully Sold
Of all businesses listed — most never find the right buyer
73%
Have No Succession Plan
Motivated sellers waiting for a prepared, trustworthy buyer
100%
Buy-Side Only
We never represent sellers — our entire practice exists to put buyers in the seat
Who We Serve
01
The Aspiring Owner
You've spent years building someone else's business. You know operations, understand P&Ls, and you're ready to own. We guide you from first search to final close — and often co-invest alongside you.
02
The Acquisition Entrepreneur
You've found a business you want to buy. You have conviction but need deal structure, capital strategy, and someone experienced sitting beside you during negotiations. Full-service support from LOI to keys.
03
The Operator-in-Residence
You want ownership but not a solo search. Our OIR program matches qualified operators directly into FishCurrent's own deal flow — with our capital and governance infrastructure behind you.
Built for Serious Buyers

The independent search is harder
than it looks.

The Market Reality
Over 12 million businesses are approaching succession — but fewer than 20% will successfully sell. The gap isn't inventory. It's infrastructure. Most buyers enter without a defined thesis, a diligence framework, or a capital strategy.
$10T+
In business value changing hands this decade
The Independent Search
Going it alone means sourcing deals through crowded broker platforms, underwriting without institutional frameworks, and negotiating against sellers who've advised on dozens of exits. Most independent searches stall at LOI — or never reach one.
45%
Of new businesses fail within 5 years — acquisition is the smarter path
The Constraints
Building a full acquisition team — sourcing, diligence, legal, capital, operator management — costs hundreds of thousands of dollars and years to assemble. We've already built it. We deploy it on your deal.
90 Days
Average LOI-to-close with structured support vs. 12+ months alone
Our Capabilities

Full-Service Transaction
Support.

Institutional-grade deal support without the overhead of building an internal team. Every engagement covers the full acquisition lifecycle — from first search to first day of ownership.

Deal Origination
Proprietary Off-Market Sourcing
Our deal flow comes from a curated network of business brokers, direct seller outreach, and our own advisory pipeline — surfacing opportunities before they reach competitive auctions.
Acquisition thesis development & target mapping
Direct seller outreach campaigns
Broker relationship management
Due Diligence
Institutional-Grade Diligence Framework
We apply the same diligence process we use for our own portfolio acquisitions — financial normalization, customer concentration analysis, management risk assessment, and operational audit.
Financial recast & EBITDA normalization
Operational & management quality review
Risk identification & mitigation strategy
Deal Structuring
Creative Capital Architecture
We design deal structures that reduce equity required at close, protect against downside risk, and align seller incentives — using seller notes, earn-outs, SBA financing, and equity rollovers.
LOI drafting & term negotiation
Seller note & earn-out architecture
SBA 7(a) & 504 packaging
Close & Integration
From Signing to Stability
We stay through the first 90 days — coordinating legal and lender interfaces, managing transition risk, installing governance frameworks, and ensuring the business performs from day one.
Lender & legal coordination through close
First 90-day operational playbook
KPI dashboard & governance setup
Start the Conversation

If you're serious
about owning,
let's talk.

FishCurrent Advisory works with a limited number of buyers at a time. We take on engagements where we believe we can move the deal — and where the buyer is genuinely committed to closing.

Apply to Work With Us
We're the right fit if you are
Ready to acquire a business — not just exploring the idea
Targeting $250K–$2M EBITDA businesses in essential service sectors
Able to operate the business or have an operator identified
Committed to governance — not just revenue extraction
Looking for a long-term partner, not a transaction broker
Not quite ready? Reach out anyway. We're happy to point serious buyers in the right direction — even before a formal engagement begins.
Advisory Application

Tell us about your deal.

Complete the form below and our advisory team will review your application within 48 hours.

Application received.

Thank you for applying to work with FishCurrent Advisory. Our team will review your application and be in touch within 48 hours. In the meantime, you're welcome to book a discovery call directly.

Book a Discovery Call

By submitting you agree to be contacted by FishCurrent Capital's advisory team. We do not share your information with third parties.

FC

"Cast the net where the
current is already moving."

Matthew 17:27 — The Founding Story

FishCurrent Capital is named for a Biblical truth: that provision is found not through ambition, but through obedience. Just as Peter found a coin in the mouth of a fish — provision in the most unexpected place — FishCurrent locates overlooked, cash-generating businesses precisely where institutional capital refuses to look.

Every acquisition is a covenant act. Every dollar governed is an act of stewardship. This is not a fund — it is a governing institution built to outlast its founders.

Leadership

The partnership team.

SZ
Simba Zihove
Managing Partner
Holds final decision authority across all firm functions. Leads strategy, capital allocation, and ecosystem integration. Primary interface with LP community and strategic partners.
MM
Monicah Mwaura
Operating Partner
Oversees firm-wide operational systems and portfolio performance. Ensures disciplined execution across all acquisitions, governance frameworks, and operator deployments.
JS
Jane Sabuni
Senior Partner — Finance
Leads financial modeling, deal underwriting, governance compliance, and risk management. Primary architect of covenant waterfall structures and LP reporting.
MJ
Mibaraka Jordan
Senior Partner — Acquisitions
Leads deal origination, M&A strategy, and market intelligence. Primary interface with brokers, sellers, and deal intermediaries.
How We Operate

Eight governing
principles.

These are not values statements. They are operational standards that govern every decision made in the name of FishCurrent Capital.

01
Covenant Over Contract
Our relationships exceed the minimum requirements of formal agreements. Where a contract permits what the mandate prohibits, the mandate prevails.
02
Governance Over Growth
We will not sacrifice governance quality for speed. We acquire only as many businesses as we can properly govern.
03
Capital in Parallel
Capital raising begins at LOI — not at APA. Delays from sequential timelines fracture credibility and damage seller relationships.
04
Control Before Ownership
Where permissible, we establish operational control through MSAs prior to formal close — stabilizing governance through transition.
05
Platforms Before Roll-Ups
We do not execute add-ons before a platform is stabilized. Sequencing discipline is a competitive advantage.
06
Stewardship Over Accumulation
Our measure of success is the quality of governance applied, not the size of the portfolio.
07
Speed with Governance
FishCurrent moves decisively through pre-built LP relationships, standardized deal criteria, and a trained operator bench ready to deploy.
08
Access Over Extraction
Every decision is measured against one question: does this expand access to ownership — or dilute it? This is our True North.
Investor Relations

The current
is flowing.
Step in.

FishCurrent Capital is accepting qualified LP inquiries for Fund I — our $25M Childcare Roll-Up vehicle — and advisory mandates for acquisition entrepreneurs. We welcome conversations with accredited investors, retiring business owners, and prospective Operators-in-Residence.

Request Investor Deck
Firm
FishCurrent Capital LLC
Headquarters
San Diego, California
Managing Partner
Simba Zihove
Website
fishcurrentcapital.com
LP Eligibility
Accredited Investors Only
Fund I
$25M — Childcare Vertical