Kyle Tucker, a Bermudian private-equity entrepreneur, has been named one of PE Hub’s “Dealmakers to Watch”, recognising his unconventional path from Wall Street to his family’s goat farm in Bermuda.

PE Hub describes itself as a premium intelligence service covering private equity deal making in North America and Europe. It is published by PEI Group, the provider of research expertise centred around a portfolio of 16 premium information brands.

The company prides itself on providing “relevant, erudite market coverage: analysis, data, analytics and high-quality insight-driven journalism”.

The PE Hub article is part of an ongoing series of profiles featuring private equity professionals “as they pivot to new challenges”.

Mr Tucker, who previously worked at Apollo Global Management and hedge fund Viking, returned to the island in 2020 and later launched an investment arm within Tucker’s Farm, his family’s small dairy operation, which has been in business since 1994.

The farm, which produces local goat cheese, now houses Tucker’s Farm Holdings and its PE platform, Wonder Franchises.

Wonder, launched in 2023, has been steadily acquiring emerging franchisers in the United States, including Soccer 5, Pizza Factory and Christmas Decor. The firm specialises in younger, smaller brands — typically under $200 million in system-wide sales — and aims to complete two franchiser deals a year.

Mr Tucker told PE Hub that the firm sought “equity efficiency and compounded outcomes”, favouring multiple smaller deals over fewer large ones.

Tucker’s Farm posted a strong early return with the sale of its minority stake in Vio Med Spa, generating a 3x net multiple on invested capital and roughly 70 per cent internal rate of return.

While Mr Tucker remains based in Bermuda, his investment team operates mainly out of Boston and New York. He said the firm planned to hold its platform for the long term “if it’s compounding at high rates”.