Banner Capital Management Expands with New Office in Phoenix, Arizona

Banner Capital Management Expands with New Office in Phoenix

On August 12, 2025, Banner Capital Management, LLC, an established private equity firm known for its focus on founder-led and family-owned businesses in the Western United States, made a significant announcement. The firm has opened a new office in Phoenix, Arizona, and appointed Michael Muscheid as Principal to lead its expansion into the Arizona market.

A New Direction for Arizona’s Private Equity Landscape

Michael Muscheid brings a wealth of experience to the team, having accumulated over eight years in private equity and institutional asset management. Throughout his career, he has held positions at prestigious firms such as Jefferies, Marlin Equity Partners, and Citadel. A native of Scottsdale and an honors graduate from Arizona State University with dual degrees in Finance and Economics, Muscheid's return to Arizona not only marks a personal homecoming but also a calculated move to fill a gap in the local market for private equity.

In his own words, Muscheid stated, "Returning to Arizona represents both a personal homecoming and a strategic opportunity to address a significant market gap." He emphasized that despite its status as a thriving business hub, Arizona has been relatively underserved by dedicated private equity capital. Muscheid believes that Banner Capital is uniquely positioned to fill this void and foster lasting partnerships in the region.

Vision for Growth in Arizona

The establishment of the Phoenix office aligns with Banner Capital's broader expansion strategy, which targets high-potential markets characterized by strong ecosystems of founder-led and family-owned businesses. Tanner Ainge, the Founder and CEO of Banner, expressed his excitement about this development: "The focus on Arizona is not new for us. My wife and I both grew up in the Phoenix area and maintain deep roots in the community. We’re thrilled to add someone of Michael's caliber to our team and to have him on the ground in this office where we see enormous opportunity for years to come."

Banner Capital is now positioned to tap into Arizona's business potential, which has seen entrepreneurs flourish and significantly contribute to the economic landscape. With the aim of investing primarily in the services, consumer, industrial, and healthcare sectors, the firm is looking to forge long-lasting partnerships that will drive mutual growth.

Building a Promising Future

As of June 5, 2025, Banner Capital has successfully managed assets totaling $653 million, reflecting its capacity to attract investors and execute its growth strategy effectively. With the addition of Muscheid, the firm aims not only to deploy capital but also to cement its presence in the local community.

Banner Capital's new office in Phoenix stands as a testament to its ongoing commitment to investing in businesses that embody the values of entrepreneurship and innovation. As the firm positions itself to fill the existing gap in Arizona's private equity market, the future looks promising for both Banner Capital and the businesses it aims to support.

For more information about Banner Capital Management and its investment strategies, visit www.bannercap.com.