Skyline Closes $125 Million Inaugural Fund

Skyline Investors, a newly launched firm, has held a final close of its first fund, Skyline Investors Fund I LP (Fund I), with $125 million of capital. Limited partners in the new fund include a mix of both high-net-worth individuals and institutional investors.

Skyline makes control and non-control mezzanine investments in small and mid-sized founder-led or family-owned companies across a range of sectors, including healthcare, consumer and business services, technology, and domestic manufacturing. These businesses typically have revenues between $5 million and $50 million. The firm is led by co-founders and managing partners Jeremy May and Kevin Tom.

“Staying on target to close our inaugural fund during today’s challenging fundraising environment validates our approach to the underserved micro market segment,” said Mr. May. “We’re focused on building long-term partnerships with business owners that drive sustainable growth while making a positive community impact. Kevin and I credit our strategic relationship with Standard Communities with enhancing this approach, which connects housing development with business investment to strengthen local economies from the inside out.”

Skyline has already closed on three investments with the buys of Majik, a Pennsylvania-based rent-to-own retailer (May 2024); AWI Management, a California-based provider of property management and compliance services (November 2024); and Groth Pain Management, a New York-based healthcare provider specializing in pain treatment (December 2024).

Skyline Investors was formed in partnership with Standard Communities, an affordable housing developer based in New York and Los Angeles. This partnership provides the two firms with a dual approach to community development—Standard providing housing infrastructure, and Skyline targeting economic growth through investment in local companies.

“Our collaboration with Skyline Investors creates powerful synergies for holistic community development,” said Jeffrey Jaeger and Scott Alter, co-founders and principals of Standard Communities, in a released statement. “Both firms share a vision for uplifting communities and improving quality of life. As strategic investors in Skyline, we are excited about the alignment between housing development and business growth, and how this relationship will drive greater community impact across both sectors.”

“We are deeply grateful to our limited partners, business associates, mentors, and families who believed in Skyline’s vision and supported us throughout this process,” said Mr. Tom. “This network helped make this milestone achievable. Now we’re focused on putting this capital to work for micro-market businesses, partnering with founders who are driving growth in their communities.”

Skyline Investors was founded in 2024 and is headquartered in Los Angeles.

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