# Black Cliffs Partners

Black Cliffs Partners is a Single Family Office based in Salt Lake City, United States.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Salt Lake City, United States
- **Region:** North America
- **Address:** Salt Lake City, UT, United States
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** bcpequity.com
- **LinkedIn:** https://www.linkedin.com/company/bcpequity

## Regulatory record

- **Reports private funds:** No

## About

Black Cliffs Partners was established in 2013 by Michael Lunt and Marshal Lunt. The firm manages the investment activities of the Lunt family, whose background centers on finance and investment management. It maintains a Salt Lake City headquarters and pursues both private equity and real estate opportunities. The firm executes buyout and growth investments in middle-market companies. It structures deals as control equity positions or minority growth capital and also deploys into debt instruments. Confirmed activity includes a 2021 co-investment alongside Liebman Group in Pine Island Chemical Solutions. Geographic focus remains North America. Additional sectors include healthcare services, industrial technology, edtech, agritech and foodtech, supply chain and logistics, and fintech. The team includes approximately a dozen professionals with backgrounds in accounting, operations, M&A, and technology. Devin Anderson joined as CFO in 2023. The firm maintains no disclosed additional offices. Related family vehicles include the Lunt Family Donor Advised Fund and historical land holdings in Maine.

## Sectors

- Healthcare Services
- Industrial Tech
- EdTech
- AgriTech & FoodTech
- Supply Chain & Logistics
- FinTech

## People

- Michael Lunt — Founder/Partner
- Marshal Lunt — Founder/Partner
- Ben De Voe — Founder/Partner
- Devin Anderson — CFO
- Adam Nelson — Principal

## Questions

### Who runs investment decisions at Black Cliffs Partners?

Michael Lunt, Marshal Lunt, and Ben De Voe serve as founder-partners. They oversee deal sourcing, structuring, and portfolio oversight. Adam Nelson acts as principal on transactions.

### Does Black Cliffs Partners participate in fund commitments or only direct deals?

The firm focuses on direct investments in companies and real estate. It structures transactions as equity or debt and has executed co-investments such as the 2021 Pine Island Chemical Solutions acquisition.

### What investment stages does Black Cliffs Partners typically target?

The firm targets buyout and growth stages in middle-market and lower-middle-market companies. It also makes minority growth capital investments when appropriate.

### How is Black Cliffs Partners related to other Lunt family entities?

Black Cliffs Partners represents the Michael and Marshal Lunt branch. A separate entity, Armonia LLC, operates as the Larry Lunt family office and holds founding membership in the GIIN Investors' Council.

## Related profiles

- [BlackBern Partners](https://altss.com/profile/blackbern-partners-llc-jonathan-bernstein-family-office)
- [Black Fountain Capital](https://altss.com/profile/black-fountain-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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