Lake Capital Partners

Lake Capital executes control buyouts and growth equity investments in mid-market services companies, typically with $10 million to $150 million in revenue. The firm targets founder-owned businesses in professional services, marketing services, and information and data services. Portfolio companies are scaled through organic initiatives and strategic add-on acquisitions.

Investment decisions are led by co-founders Paul Yovovich and Terence Graunke, who have run the firm since 1998. Both managing partners sit on the investment committee and oversee deal sourcing, execution, and portfolio management. The partnership structure has remained stable for over twenty years.

Lake Capital invests primarily in North America and Europe, operating from offices in Chicago and London. The London presence supports sourcing and oversight of European portfolio companies, though the majority of the firm's historical investments have been in the United States.

The firm targets professional services firms, tech-enabled outsourcing and business services companies, marketing and communications agencies, and information and data services businesses. The common thread is a services-based revenue model with recurring or contractual client relationships, not product sales or technology licensing.

Lake Capital has not publicly announced a new institutional fund since closing its prior flagship vehicles. The firm continues to manage existing portfolio companies and may pursue deal-by-deal capital or separate managed accounts, but no formal fundraising has been disclosed in recent years.

Lake Capital is an independent private equity firm structured as a traditional fund manager with commingled institutional vehicles. It is not a family office or permanent-capital vehicle. The firm raises discrete closed-end funds from limited partners and manages them under a standard general partner / limited partner governance model.