# Lake Capital Partners

Lake Capital Partners is a Private Equity based in Chicago, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Chicago, IL, United States
- **Founded:** 1998
- **Assets under management:** Undisclosed
- **Website:** www.lakecapital.com

## About

Lake Capital Partners is an SEC-registered investment adviser in Plano, TX, registered since 2018. The firm manages $312 million in assets. It has 5 employees and 4 investment advisers.

## Sectors

- Professional Services
- Tech-Enabled Services
- Marketing Services
- Information & Data Services

## Offices

- London, United Kingdom

## People

- Paul G. Yovovich — Co-Founder and Managing Partner
- Terence M. Graunke — Co-Founder and Managing Partner

## Questions

### Who makes investment decisions at Lake Capital?

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.

### Where does Lake Capital invest geographically?

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.

### What types of services companies does Lake Capital target?

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.

### How is Lake Capital structured?

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.

## Related profiles

- [Lake Bleu Capital](https://altss.com/profile/lake-bleu-capital)
- [Lake Country Capital](https://altss.com/profile/lake-country-capital)

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

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