VSS Capital Partners (“VSS”), a leading lower middle market focused private investment firm specializing in flexible capital solutions for founder-led businesses, today announced it was ranked #1 in three categories by PitchBook, an independent data provider, in its 2025 Global Manager Performance Score League Tables: Global Private Debt, Global Mezzanine, and North America Private Debt (as of December 31, 2025, and published on July 28, 2026).

The annual report highlights top private capital managers across 29 strategic and geographic categories, ranked by historical performance. The Manager Performance Scores are calculated for 2,203 fund families managed by 1,542 GPs. GP fund families are scored from 0 to 100. For a breakdown of the rankings by strategy, please see here.

“Being named #1 in two Private Debt categories last year was an honor. Earning that same distinction in three Private Debt categories this year means even more and reflects our team’s investment discipline and the continued strength of our Structured Capital investment strategy,” said Jeffrey Stevenson, Managing Partner at VSS.

VSS’s long-standing Structured Capital approach is a bespoke financing solution that sits at the intersection of traditional private equity and private debt, providing economically vital lower middle-market businesses with the downside protection of traditional non-control junior and mezzanine debt, coupled with the potential for upside gain from private equity and active partnership. VSS is recognized for its ability to identify and partner with companies with high-growth potential operating in niche, highly fragmented sectors within healthcare, education, and business services.

“We’re proud to be recognized again by PitchBook as a top performer in Global Private Debt and Mezzanine investing,” added David Fann, Head of Capital Formation at VSS. “In addition to generating consistent, durable risk-adjusted returns for our investors across market cycles, it’s a privilege to serve as a strategic partner to founder-owned, high-growth lower middle market businesses.”

PitchBook’s 2025 Annual Manager Performance Scores provide a data-driven, objective measure of private capital fund families’ historical performance relative to their peer groups. Read more about the organization’s ranking and proprietary methodology here. No compensation (cash or non-cash) was provided in connection with obtaining the rating.

About VSS Capital Partners

Headquartered in New York, VSS is a private investment firm that invests in tech-enabled business services, education and healthcare companies. Since 1987, VSS has partnered with lower middle-market companies, working closely with management teams, to facilitate their next stage of growth. VSS provides capital for growth financings, recapitalizations, strategic acquisitions, and buyouts with the flexibility to invest control or non-control capital, based on the needs and objectives of each company. With approximately $4 billion in committed capital across eight funds, VSS has completed over 100 platform investments and more than 600 add-on acquisitions.

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