AdFi
AC

APHIAS CAPITAL, L.P.

SEC Registered

Experienced navigators helping companies and teams achieve their North Star

SAN FRANCISCO, CAhttps://aphias.com415-320-1644
Assets Under Management
$500M–$1B
Employees
13
Office Locations
1 office
Total Accounts
2

About the firm

Aphias Capital is a sector-focused private equity investor dedicated to partnering with middle-market businesses in Healthcare Services and Essential Services. The firm combines strategic insights with operational excellence, taking a personalized approach to develop tailored transactions for founders and management teams. Each year, Aphias seeks to acquire only a few businesses to ensure full attention is dedicated to every partnership.

Firm Focus

Client segments reported on the firm's SEC Form ADV — applies to all advisors at the firm.

Pooled Vehicles

Areas of expertise

Private EquityMiddle-marketHealthcare ServicesEssential ServicesOperational ExcellenceFounder PartnershipsManagement Partnerships

Services

Private equity investment and partnership, including tailored transaction development, operational excellence support, and growth stewardship for portfolio companies

Private funds / alternatives
Private Equity

Who they serve

Middle-market businesses in Healthcare Services and Essential Services, including founders and management teams

Client segmentClientsAssets managed
Pension/Profit Sharing Plans2$542M

0 total clients reported on Form ADV.

Office locations

1 office in 1 state
CA
SAN FRANCISCOHQ

Regulatory & compliance

CRD number
#336255
SEC Number
801-133879
Disciplinary History
No
Fee Model & Minimums
Model: AUM / Performance-based
Minimum: $10,000,000

Data as of March 13, 2026 · Source: SEC IAPD & FINRA BrokerCheck

Contact Information

Editorial disclosure

This profile was compiled and published by AdvisorFinder as editorial content using publicly available information from the SEC's IAPD database and FINRA BrokerCheck. APHIAS CAPITAL, L.P. has not reviewed, approved, or endorsed this profile and is not responsible for its accuracy. Regulatory records change over time — always verify the current record directly on the SEC or FINRA websites before making any decision.

BrokerCheck data is used subject to the FINRA BrokerCheck Terms of Use. Found something inaccurate? Report inaccurate data and we will correct any error we introduced. Errors in the underlying BrokerCheck record itself are referred to FINRA, which maintains that record.

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