Sleeping Bear Capital is a founder-first private equity firm that both acquires and builds strong businesses across defense, technology, manufacturing, and eCommerce. We focus on business unit spinouts and mature founder-led businesses that need a new capital stack and fresh energy to reach their fullest potential.
Long-time private equity investor and entrepreneur, Ranvir Gujral, founded the firm when he recognized a gap in funding options for established businesses at this critical inflection point. Unlike traditional PE firms focused on financial engineering and profit extraction, Sleeping Bear Capital takes an active, operating-partner approach to building businesses for sustainable growth.

Our Approach

​We move fast and bring deep operational expertise to every investment. Our team has hands-on experience across operations, go-to-market strategy, sales and marketing execution, brand development, and manufacturing. We partner with founders and management teams to accelerate growth, not to optimize for short-term cash flows.

Whether acquiring an existing business or building from the ground up, we deploy capital rapidly and focus on building robust sales and marketing engines, implementing operational improvements that drive top-line growth, and strategic repositioning for market expansion. We bring the resources of institutional private equity with the speed and entrepreneurial mindset of founders who have built and scaled businesses themselves.