Natural Capital

Relationship-Driven

Flexible Capital

Focused on Arkansas and the Heartland

What We Do

People in business attire reflected in a glass door with the words 'Natural Capital' on it.

Natural Capital is a relationship-driven private investment firm based in Northwest Arkansas that endeavors to drive incremental wealth creation for the partners we serve.

Grounded in the Heartland, our approach combines regional expertise with a focus on growth. We invest in real estate and growing companies where we believe our local insight and disciplined strategy create a clear investment advantage.

How We Invest

2019

Founding
Year

28

Completed Investments

(as of 11/2025)

4

Exited Investments

(as of 11/2025)

$218M

AUM

(as of 12/31/24)

Sector Focus

Modern apartment complex with white and gray exterior, surrounded by trees and landscaping, under a bright blue sky with scattered clouds.

Real Estate Investments

We invest in workforce housing, commercial and industrial real estate alongside partners we trust.

Large group of diverse people gathered outside a modern building, posing for a group photo on the lawn and balcony, with many waving or raising their hands.

Growing Companies

We provide equity and debt capital to growing lower middle-market businesses throughout the Heartland. We seek to partner with management teams who have a history of generating positive cash flow.

Our Portfolio

Our Values


Integrity

We will strive to do the right thing and own our mistakes.

Humility

We recognize that our team and partners are our strength, and we are quick to ask for guidance and support when necessary.

Relationship

We commit to building trust with our partners and to elevating the importance of meaningful relationships over transactional ones.

Grit

We will not shrink from hard, heavy problems or circumstances.

Impact

We want to help people and communities while also achieving superior investment performance.

Growth

We will endeavor to sharpen ourselves at every chance and embody excellence with every assignment.

Meet the Team

Learn More

Modern apartment complex with a vibrant mural on the exterior wall and a sign that reads 'First Street Flats' near the entrance, with parking spaces and young trees in the foreground.
A group of fourteen people in business attire standing on a stage in front of a large screen displaying the Natural Capital logo and text, during the 2025 annual meeting.
Stone building with an archway entrance, labeled "Pendergraft BLDG," featuring large windows and a blue sky in the background.