Episode #18: Scaling Without Selling: Structured Capital w/Patrick Turner
Patrick Turner, Managing Director at VSS Capital Partners, joins Scott Estill and guest co-host Justin Wisnicki to unpack how structured capital enables founders to scale without giving up control.
They discuss:
VSS’s approach to minority investing with downside protection
How operational rigor creates value post-close
Why founders choose growth capital over a full sale
LP sentiment and the shift toward the lower middle market
600+ bolt-on acquisitions and what makes them work
If you're in private equity, a founder at an inflection point, or an operator focused on growth, this episode is a masterclass in alternative investing models and value creation.