Robert Allbritton announced the formation of Perpetual Capital Partners, a private investment firm that will focus on acquiring lower middle market companies and making control-oriented investments in high growth businesses. The firm will target investments in the media and communications, distribution, branded products and business services industries.

Duncan Evans joins the firm as its president and chiefinvestment officer to oversee operations and investment activities. He joins Perpetual Capital Partners from DCTX Holdings where he was a managing partner. Previously, Evans served as executive vice president and general manager of Revolution Money, he ran strategic development and mergers and acquisitions throughout the Americas for Experian, and was a principal at Lehman Brothers Merchant Banking where he focused on leveraged buyouts and growth equity investments.

Allbritton stated, “We are excited to formalize our new investment activities in Perpetual Capital Partners. I’m particularly excited to bring Duncan into the firm with his wealth of experience and shared vision of creating value as long-term business owners.”

Evans added, “Many small and mid-sized companies struggle to find the capital and management resources needed for meaningful growth, or they find investors focused on near-term exit strategies. The Allbritton family has a strong tradition of building and growing successful businesses for the long-term. I look forward to working with them to pursue new investments in this underserved market.”