Water Bear Capital is an independent investment and deal-sourcing partner focused on lower-middle-market businesses, real estate investment, and special situations.
We work with business owners, private equity firms, family offices, and independent sponsors to identify proprietary investment opportunities and facilitate introductions between owners and long-term capital partners.
Our Focus



Private Equity Partner
Sourcing opportunities for lower middle market Private Equity platforms.
Focused on $1-$5 million EBITDA
Making direct warm introductions between business owners, and private equity principals.
Real Estate & Development
Independent Real Estate Investment
Real Estate Development
Spec Building
Private Lending
Small Business Investor
Co Investing with Private Equity Partners.
Investing in small business to help them grow to a range where they are a target for Private Equity Partners.
Independent small business aquisitions.
About Water Bear Capital
Water Bear Capital is a private business founded in 2020 to focus on three main areas:
Real Estate Investment
Small Businesses & LMM Deal Sourcing
Special Situations
Brad Patnaude is the Founder of Water Bear Capital. He has a unique background spanning across financial services, and more recently as a real estate investor, developer, and acquisition entrepreneur.
Ideally we are working with established private equity platforms sourcing and evaluating deals while earning the opportunity to participate in a transaction as an investment partner.
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