Lake Capital Partners is a
private equity firm focused on
growth capital
Growth capital (also called expansion capital and growth equity) is a type of private equity investment, usually a minority investment, in relatively mature companies that are looking for capital to expand or restructure operations, enter new mark ...
and
leveraged buyout investments in
lower middle market companies across a range of service businesses. It was founded in 1998 by Terence Graunke and Paul Yovovich. Lake focuses on marketing, finance, operation and infrastructure, specialty services, healthcare, specialty consumer services, technology, and business process outsourcing.
In addition to traditional leveraged buyout transactions, Lake focuses on investing in
rollup
A rollup (also "roll-up" or "roll up") is a process used by investors (commonly private equity firms) where multiple small companies in the same market are acquired and merged.
The principal aim of a rollup is to reduce costs through economies o ...
investments around a platform company.
The firm, which is based in
Chicago, Illinois
(''City in a Garden''); I Will
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, was founded in 1998 by Terence Graunke and Paul Yovovich. The firm has raised approximately $1.3 billion since inception across its two funds. Prior to raising its 2002 debut fund with $500 million of commitments, Lake raised capital on a deal-by-deal basis.
Lake Capital raises $500m for debut fund
Financial News, March 20, 2003 In 2005, Lake raised its second fund, with $800 million of investor commitments.
References
Crain's Chicago Business, October 28, 2002
Addison Receives Strategic Investment from Lake Capital
Jun 13, 2006
Chicago Tribune, October 3, 2003
External links
Lake Capital Partners
(company website)
Private equity firms of the United States
Companies based in Chicago
Financial services companies established in 1998
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