PE  Tonka Bay Equity Partners

     Office Locations:

301 Carlson Parkway, Suite 325
Minnetonka, MN 55305
Phone: 952-345-2030
Fax: 952-345-2001



  • Middle Market



  • Business Services
  • Manufacturing & Industrial
  • Transportation & Distribution



    Founded in 1998, Tonka Bay Equity Partners is a private equity firm based in Minnetonka, Minnesota with $350 million of capital under management. The firm is licensed as a Small Business Investment Company (SBIC). Tonka Bay acquires and invests in niche manufacturing, value-added distribution, and business services companies with EBITDA greater than $2 million and revenue at at least $10 million. Tonka Bay Equity Partners is the sponsor of two private equity funds: Bayview Capital Partners I&II. The latter Fund began operations in October 2005 with $125 million of combined capital, and Tonka Bay is actively seeking investments for Bayview II. Bayview Capital Partners I began investing in January 1999 with $75 million of available capital. Bayview I invested in 15 portfolio companies and continues to support the growth of its remaining companies. Tonka Bay Equity Partners invests $4 million to $10 million in growth-oriented companies for management buyouts, for shareholder liquidity, to complete acquisitions, and to support growth and expansion. The firm does not invest in financial institutions, real estate, restaurants, or retail. On October 31, 2010, the firm announced the closing of a $150 million investment fund.



      Fund Name



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    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Cary Musech Partner
    Jane King CFO
    Kam Kielhorn Principal
    Peter W. Kooman Partner
    Shane D. Slominski Partner


    Portfolio companies include:


    Recent News: