Description Calera Capital is a private equity firm that makes investments in established middle-market firms valued at up to $1 billion. It has expertise in corporate spinoffs, leveraged recapitalizations, and taking public companies private. Typically investing between $50 million and $250 million per transaction, the company also provides financing for restructuring or growth and acquisitions. An active investor, Calera usually teams up with firms' existing management. Its portfolio includes stakes in such enterprises as insurance firms Direct General and Ironshore, modular space company ModSpace, and IPS Corporation, a manufacturer of cement, adhesives, and plumbing products. Calera Capital was founded in 1991.