# Lake Street Capital Lake Street Capital is a Private Equity based in Minneapolis, United States. ## Overview - **Organization type:** Private Equity - **Headquarters:** Minneapolis, United States - **Region:** North America - **Address:** Minneapolis, MN, United States - **Founded:** 2018 - **Assets under management:** Undisclosed - **Website:** lakestreetcapitalmarkets.com - **LinkedIn:** https://www.linkedin.com/company/lakestreetcap ## Regulatory record - **Reports private funds:** No ## About Lake Street Capital Markets is a research-powered investment bank focused on growth companies. It was founded on the premise that a clear focus and a collaborative approach with both investors and corporations is the best strategy for creating value for clients. Research and Sales & Trading teams work with institutional investors to identify innovative companies best positioned for capital appreciation, while the Investment Banking team provides timely advice and helps companies access capital. ## Sectors - Enterprise Software - Industrial Tech - Healthcare Services ## People - Mark Argento — President — Founding Partner - Mike Townley — CEO — Head of Investment Banking, Founding Partner - Rob Brown — CFA — Senior Research Analyst, Founding Partner, Chief Strategy Officer - Eric Martinuzzi — CFA — Senior Research Analyst, Founding Partner, Chief Operating Officer - Paul McNamee — Chief Financial Officer — Chief Compliance Officer - Tony Felling — Managing Director — Head of Institutional Equities - Jaeson Schmidt — Senior Research Analyst — Director of Research - Jon Miller — Managing Director — Co-Head of Capital Markets - Michael Fenton — Managing Director — Co-Head of Capital Markets - Dave McDonald — Vice Chairman — Healthcare Investment Banking - Andrew Pafko — Head of Healthcare Investment Banking - Bruce Goldfarb — Institutional Equity Sales — Head of Product Strategy ## Questions ### What is Lake Street Capital's geographic focus? Lake Street Capital concentrates on the Upper Midwest — Minnesota, Wisconsin, Illinois, and adjacent states — where its Minneapolis base provides proximity to dense concentrations of founder-owned businesses and corporate carve-out opportunities. The firm also pursues selective investments in Texas, the Mountain West, and other regions where sector expertise in compliance software and industrial technology creates sourcing advantages. ### How does Lake Street Capital source proprietary deal flow? Lake Street accesses deal flow through long-standing intermediary relationships across the Midwest, direct outreach to founder-owned businesses, and corporate carve-out mandates from larger companies divesting non-core divisions. The firm's demonstrated ability to exit software platforms to large-scale strategic buyers like Vista Equity Partners — as seen with the ComplySci exit — reinforces its credibility with founders and intermediaries in the governance, risk, and compliance software niche. ### Does Lake Street Capital participate in fund commitments or only direct deals? Lake Street Capital primarily executes direct investments in portfolio companies, acquiring control or significant minority stakes. The firm also evaluates direct secondary transactions, purchasing existing investor positions in private companies. It does not publicly identify as a fund-of-funds or LP investor in other private equity partnerships, maintaining a focused direct-investment model. ### What is Lake Street Capital's track record with software investments? Lake Street Capital's most notable software exit is ComplySci, a governance, risk, and compliance platform the firm sold to Vista Equity Partners in September 2023. This transaction demonstrated the firm's ability to identify and scale vertical software businesses to the point where they attract interest from large-cap technology-focused private equity buyers — a meaningful achievement for a regional lower-middle-market manager. ### How is Lake Street Capital's fund structure organized? Lake Street Capital raises committed blind-pool funds from institutional limited partners and high-net-worth individuals. The firm has closed multiple vehicles, including Lake Street Capital Partners III, deploying capital into a concentrated portfolio of platform investments and add-on acquisitions. The fund structure is standard for lower-middle-market private equity, with 10- to 12-year fund lives and typical management fee and carried interest economics. ## Related profiles - [Lakestar](https://altss.com/profile/lakestar) - [Lake Ventures](https://altss.com/profile/lake-ventures) --- Last updated: 2026-08-11T15:07:12.582Z Canonical page: https://altss.com/profile/lake-street-capital Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology