# Blue Frame Capital Partners

Publishes what it will not buy, Mexico included.

A committed-capital fund backing searchers across North America, unusual on two counts: it publishes an exclusion list rather than an inclusion list, ruling out retail, natural resources and real estate while calling itself relatively industry agnostic, and it names Mexico alongside Canada and the United States as somewhere it will consider. It counts fourteen acquired operating companies and names fifteen, and states its objective in terms of the searcher's carry rather than its own return.

- Category: Capital & Investors
- Pricing model: Custom Pricing
- Where it fits: Set Up & Fund the Search
- Website: https://blueframecapital.com
- Last verified: 2026-09-09

## At a Glance

The most useful exclusion list here, and it frames its own objective in terms of what the searcher earns.

## What It Costs

Investment terms, not fees. No fee is charged to a searcher; what the firm publishes about its own side is noted in the row.

## Best For

A searcher in Canada, the United States or Mexico who wants a backer that has said which industries it will refuse before the first conversation.

## Pros and Cons

- Pro: Publishes an exclusion list, which tells a searcher more in one sentence than most inclusion lists do
- Pro: Names Mexico as somewhere it will consider, alongside Canada and the United States
- Pro: States its aim as maximising the searcher's carry, which is the most searcher-side sentence here
- Con: No address of any kind published on any page, only an email address
- Con: Its only description of search-phase help sits inside a testimonial written by two portfolio chief executives rather than by the firm
- Con: The carry language is a stated policy rather than a number, so no searcher-side term can be read from it

## What Searchers Say

Named as a backer on the rosters of six separate searchers. Its partners are both former searchers, and its strategic partners are named individuals rather than firms.

## Sources

- https://blueframecapital.com

Source: https://searchspheresource.com/resources/blue-frame-capital