Lake Street Capital Management, LLC, an affiliate of Lake Street Private Wealth, LLC, has announced the formation of Lake Street Capital Partners, LP (“Lake Street Capital Partners” or “Lake Street Cap”).
Lake Street Capital Partners represents the next extension of the broader Lake Street Private Wealth network for the benefit of its client base of high-net-worth families, family offices, and individuals. The formation of Lake Street Capital Partners represents Lake Street’s first private equity vehicle which launches after numerous successful investments by the firm in private real estate transactions.
Lake Street Capital Partners’ differentiated capital base, which is comprised of the clients of Lake Street Private Wealth, provides greater investment flexibility to its investor base, including direct control investments, significant minority investments, and co-investments. Lake Street Capital Partners will focus on providing first-time institutional capital to growth-oriented family- and founder-owned businesses in search of a value-added capital partner. The fund will target lower middle market companies with EBITDA (Earnings before Interest, Taxes, Depreciation, and Amortization) ranging from $2 to $7 million across the consumer products, business and consumer services, and distribution sectors.
About Lake Street Capital Partners, LP
Lake Street Capital Partners, LP (“Lake Street Cap”) is a Chicago-based private equity firm focused on making control, significant minority, and co-investments in North American based lower middle market companies across the consumer, services, and distribution sectors. Lake Street Cap seeks to invest in growth-oriented founders and family-owned businesses in search of a strategic and value-added capital partner. Lake Street Cap typically makes equity investments of $5 million to $15 million per transaction. For more information, please visit www.lakestcap.com or contact info@lakestcap.com.
About Lake Street Private Wealth, LLC
Lake Street Private Wealth, LLC (“Lake Street”) is an SEC Registered Investment Adviser and full-service independent wealth management firm headquartered in Chicago, Illinois. Lake Street offers investment management, financial consulting and insurance services to private clients and institutions throughout the United States. Lake Street’s mission is to partner with its clients in the truest sense, offering unbiased, holistic advice to help them achieve a financially secure life, both today and in the future. Since its inception in 2017, Lake Street has become a leading independent, nationally recognized, investment advisory firm with approximately $1.2 billion in assets under management (as of June 30, 2024). For more information, please visit www.lakest.com or contact info@lakest.com.
About Lake Street Capital Management, LLC
Lake Street Capital Management, LLC (“LSCM”) is the private capital investment arm of Lake Street founded to provide its clients with direct access to sponsors and proprietary alternative investment strategies, including real estate, private credit, and private equity. LSCM’s strategy enables investors to bypass intermediary investment vehicles and asset managers, thus avoiding excessive fee structures and high investment minimums, while also providing greater accountability, transparency, and communication with general partners. Since its inception in 2022, LSCM has facilitated over $50 million in transaction volume across various special purpose vehicles and its traditional draw-down private equity vehicle, Lake Street Capital Partners, LP.