b.
Operators · Builders · Investors · Since 2018
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§01
We run it before we build it, back it, or sell it.

Studio b. is an operator-owned holding company. We run a seven-company portfolio on the same code we sell, back, and deploy for clients — because software that has to survive real deadlines is different from software that only has to look good in a demo.

Recently published
LMMI · For investors
LMMI Q4 2025 · US LMM Spread222 bps · UK LMM Recovery78% Live index
The Non-Bank Advantage in Lower Middle Market Credit
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The deepest structural gap in LMM credit isn't where banks won't lend — it's where they can't move fast enough or stay long enough.
Markdown · For operators
We Don't Sell Software We Wouldn't Run Ourselves
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Bolt, AcuOps, and Amplify run real operations. When the warehouse stops shipping, we fix it — because we're the warehouse.
7
Portfolio companies
owned & operated
3
Products in production
daily
2
Newsletters — issued when
there's something to say
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Demo environments.
Real orders. Real stakes.
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Markdown, by Studio b.
For operators & technical founders

War stories from inside the work — both the client engagements and the products we ship. Bolt, AcuOps, and Amplify run real operations at Studio b.'s portfolio companies. The newsletter is downstream of that work.

markdown.b.studio →
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Studio b. LMMI
For LPs, allocators, family offices

The Studio b. Lower Middle Market Direct Lending Index — the open benchmark Cliffwater's CDLI doesn't reach. Quarterly spread, structure, and recovery data sourced from SBA 7(a), Companies House workouts, and the LMM-eligible universe.

lmmi.b.studio →
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Invest with us.
Rule 506(c) · Verified accredited only

Studio b. LMM Bridge Fund I is the vehicle that invests against the LMMI universe. Offered under Rule 506(c) — public solicitation permitted, subscription requires verified accredited status. We don't send a deck. We share the backtester.

invest.b.studio →
For LPs & Investors
LP-grade, operator-owned.

Studio b. LMMI is the open Lower Middle Market Direct Lending Index — the segment Cliffwater's CDLI doesn't reach. Studio b. LMM Bridge Fund I is the vehicle that invests against it. Fund I is offered under Rule 506(c) to verified accredited investors. We don't send a deck. We share access to the backtester so you can run your own scenarios against thirty years of LMM default and recovery data.

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For Operators
We run it before we sell it.

If you run something real — a distributor, a manufacturer, a SaaS business — and you need someone embedded, not advising, let's talk. We don't send decks. We show up.

hello@b.studio →