Ethos Capital’s cover photo
Ethos Capital

Ethos Capital

Investment Management

Pursuing Durable Alpha

About us

Ethos Capital is an operations-focused investment firm that partners with information service companies. Ethos was founded on the principle that long-term success is best achieved by supporting companies that strengthen ecosystems for the benefit of all stakeholders. Combining equal parts investment and operating expertise, Ethos provides our diverse team of multidisciplinary professionals to each portfolio company to engineer accelerated growth and enhanced performance.

Website
https://ethoscapital.com/
Industry
Investment Management
Company size
11-50 employees
Headquarters
Boston
Type
Privately Held

Locations

Employees at Ethos Capital

Updates

  • Last week, the Ethos Capital team gathered in Calistoga, California for our annual Fall Offsite. Over two focused working sessions, we stepped back to reflect on where we are and where we are headed. Key themes included: - Sourcing and the outlook across our core investment themes - Value creation priorities across the portfolio, including our AI framework - Building the firm and our team for the next phase of growth Between sessions, we made time to enjoy the Napa surroundings with bike riding, hiking, cooking classes and wine tastings. We left energized, aligned and grateful for our team and partners.

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  • We are very pleased to announce the spin out of Known (formerly Innovation Labs) from Identity Digital. We're proud to continue supporting the company as it enters its next phase of growth as an independent leader in AI agent accountability.

    View organization page for Known

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    AI agents are becoming actors in the digital economy. They need accountability. Agents can already transact, exchange information, and operate across companies, platforms, and systems. But as they cross organizational boundaries, a fundamental question remains: Who is accountable for this agent? Today, we launch Known to help answer that question. Known is building the accountability infrastructure for autonomous AI. At the center of our work is DNSid, an open, neutral framework that gives every AI agent a persistent identity tied to the organization responsible for them, making ownership and accountability verifiable wherever they operate. Built on DNS, PKI, and an immutable log, DNSid works across organizational boundaries without requiring every organization to establish direct trust with every other organization its agents may encounter. Autonomy requires accountability. As agents move across organizational boundaries, who they are and who is responsible for them remain verifiable. The agentic economy requires open, interoperable infrastructure that makes it possible without every organization having to establish direct trust with every other organization. Known launches today as an independent company, spun out of Identity Digital, with substantial work already underway across enterprises, standards organizations, the open-source ecosystem, and policymakers. This is day one. We’re Known. And we’re building for a world where every agent is accountable. https://lnkd.in/gYRvM3Nc #AgenticAI #AI #AIInfrastructure #DNSid #AgenticAccountability

  • Stephen Gold, Ethos Partner and Chief Value Creation Officer, recently joined Shiv Narayanan on the Private Equity Value Creation Podcast to talk about how we think about value creation at Ethos. In our view, value creation goes well beyond financial engineering. It means identifying transformational opportunities that could create sustainable, durable benefits to businesses at large. Stephen also discusses how we try to help portfolio companies navigate AI, from risk assessment to identifying where the real opportunities lie. Link to full episode: https://lnkd.in/ei5sTtg9

  • Congratulations to Newforma on their newly announced partnership with Amazon Web Services (AWS). This seven-year collaboration will bring generative AI, expanded cloud infrastructure, and FedRAMP readiness to Newforma's project and information management platform. This marks an important milestone for Newforma and its customers across the AECO industry. We're excited to see how this partnership shapes the continued evolution of the platform, from deeper AI-powered capabilities to a stronger, more scalable foundation for what's next. Read the full article here: https://lnkd.in/eEbVGfKs

  • Congratulations to BroadStreet Partners on the appointment of John J. "Jack" Brennan as Chair of its Board of Directors.   Jack brings decades of leadership and governance experience, including serving as CEO and Chairman of Vanguard and holding leadership roles across some of the most respected organizations in financial services.   His appointment comes as BroadStreet continues to strengthen its position as a leading insurance brokerage platform in North America, investing in technology and AI-enabled capabilities, supporting its Core Agency Partners, and executing on its long-term growth strategy.   Ethos looks forward to continuing working alongside Jack, Mike O'Connor, Rick Miley, and the entire BroadStreet team as they keep consistently innovating the insurance sector while creating long-term value for stakeholders.   Read more: https://lnkd.in/ehcJtbgJ

  • We’re proud to share that our investment in BroadStreet Partners has been named a 2026 Deal of the Year by Mergers and Acquisitions - themiddlemarket.com. BroadStreet is a North American insurance brokerage headquartered in Columbus, Ohio, distinguished by its unique co-ownership model that partners with an exclusive group of high-performing, entrepreneurial independent agencies. The transaction was recognized not only for its complexity, but for the depth of value creation opportunities identified and underwritten during diligence. This marks the second “Deal of the Year” recognition for Ethos Capital. We’re grateful to the BroadStreet team, our Limited Partners, and our advisors for their partnership. We are energized by the opportunity ahead. * Mergers & Acquisitions conducted their 19th Annual M&A Mid-Market Awards in 2026. The awards focus on the deals themselves recognizing the best of the middle market, with buyers winning the awards. The BroadStreet award was granted within the Insurance sector. Eligibility Requirements · Transactions must have closed between 1/1/25 and 1/31/26. · Deal value must be between $100M and approximately $1B. (Deals with undisclosed terms are also accepted.) · The buyer and/or seller must be a U.S. company. Nomination Process · There is no fee to submit a nomination. · Nominations must be submitted through electronic form only. · Any firm involved in a deal can submit a nomination (i.e., banker, lawyer, lender, PE/strategic buyer or seller). Selected Deals of the Year will be named by the buyer, as well as the advisors associated with the deal. · There is no limit to the number of nominations an individual or firm can nominate. · On the nomination form, only information that may be published should be provided. · They do not accept anonymous nominations or confidential information on the nomination form.

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  • Earlier this month, Ethos Capital held its 2026 Annual Meeting at Raffles Boston, bringing together our partners, portfolio company leadership, and members of our broader network. Reflecting the strength of our integrated operating model, bringing together deep operational intelligence with disciplined investment acumen, the firm continues to scale, now managing approximately $6.5B in assets under management. The program featured updates across the firm and portfolio company highlights featuring Identity Digital Inc., Newforma, and BroadStreet Partners. The afternoon concluded with a keynote from Ben Schreiner who shared his perspective on how enterprises are successfully deploying AI. Following the AGM, we held our bi-annual Ethos team offsite - two days focused on strategic alignment, value creation initiatives, and planning for the road ahead. We are grateful to all who joined us and appreciate your continued trust, support, and partnership. We look forward to building on this momentum in the year ahead! For more information on Ethos Capital, please reach out to ir@ethoscapital.com.

  • We are excited to announce that Marc Puglia, former Chief Financial Officer and Managing Director of PSG Equity and Providence Equity Partners, has joined Ethos Capital as a Partner, Chief Financial Officer, and member of the Senior Executive Committee. Marc brings more than 25 years of financial experience building and operating leading alternative asset management platforms. During his tenure at Providence, a global alternative asset manager with over $50 billion in assets under management, Marc played a central role in the incubation and development of PSG Equity, helping establish its financial, operational, and governance foundations and supporting its growth from inception to approximately $30 billion in assets under management over a 12-year period. Marc’s appointment is an evolution into our next phase of institutional scale and long-term value creation. As we expand our investment activity, capital base, and global relationships, Marc will play a central role as part of the senior leadership team. Read more here: https://lnkd.in/e8DMwUaW

  • We are proud to announce the continued expansion of our Office of Value Creation with the appointment of Lauri Palmieri as Principal. The appointment reflects our long-standing belief, shaped by years of experience and learning, that sustained investment outperformance is achieved through disciplined execution, operational excellence, and deep partnership with portfolio company leadership teams. Read more here: https://lnkd.in/egyquUrh

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