Private company

Arlington Capital Partners

Logo: Arlington Capital Partners, Public domain, via Wikimedia Commons3

Private equity firm

Arlington Capital Partners is a Washington, DC–based private equity firm focusing on leveraged buyout and recapitalization investments in middle market companies. Started in 1999, the firm has raised over $14.0 billion of committed capital out of seven investment funds. Arlington Capital Partners invests three core sectors of aerospace and defense, government services & technology, and healthcare.2 It was founded by Raymond W. Smith.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1999Founded1

Arlington Capital Partners is a Washington, DC–based private equity firm focusing on leveraged buyout and recapitalization investments in middle market companies. Started in 1999, the firm has raised over $14.0 billion of committed capital out of seven investment funds.2

The story

Founded by Raymond W. Smith in 1999.1

The firm is currently led by Managing Partners Matt Altman, Michael Lustbader, Peter Manos and David Wodlinger. The firm was co-founded in 1999 by Raymond W. Smith, Paul G. Stern, Jeffrey H. Freed and Robert I. Knibb. Its first fund closed in 2000 after raising $450 million. The second fund closed in 2006 with $575 million raised, their third fund closed in 2011 with $415.5 million, their fourth fund closed in 2016 with $700 million, their fifth fund closed in 2019 with $1.7 billion raised, their sixth fund closed in 2023 with $3.8 billion raised, and their seventh fund closed in 2025 with $6.0 billion raised.

From Wikipedia’s article on Arlington Capital Partners, shared under CC BY-SA 4.0.4

Leadership

Who has led Arlington Capital Partners, and when. Pick a name to see everywhere that person has worked.

Products and brands

  • leveraged buyout

Listed on Wikidata.1

Timeline

  1. 1999Founded Founded1

Sources

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