LCM Group

LCM Group

D. Scott Luttrell established LCM Group in 1988 following a decade trading futures and foreign exchange at the Chicago Board of Trade. He had previously merged his first hedge fund with Caxton Associates in 1991 and later served on boards including Florida Bank Group and Cbeyond. The firm preserves and deploys wealth generated from those macro activities. LCM Group allocates primarily through direct investments and co-investments rather than commingled funds. Its activities span private equity focused on lower-middle-market companies with revenues of $10 million to $100 million, private real estate repositioning and redevelopment, private credit, later-stage venture capital, search funds, hedge funds, and public equities. Confirmed holdings include a pest-control roll-up platform and NAC, a rural commercial lender. The firm operates across North America with emphasis on U.S. markets and maintains affiliate relationships with Cedar Springs Capital for secondaries and Arrow Capital for real estate. The team includes David S. Luttrell as CEO and CIO, Michael K. Ake as CFO, and Louis A. Perrine as Director of real estate activities. Perrine rejoined the firm in 2024 after eight years at Arrow Capital. LCM Group occupies headquarters at Old Parkland in Dallas and holds additional real estate assets including Crossroads Logistics Park in Tampa and properties in Milwaukee. David Luttrell participates in YPO and co-founded the Ambassadors Club. The firm endowed the EnCap Investments & LCM Group Alternative Asset Management Center at SMU Cox. LCM Group’s structure centers on family governance and affiliate partnerships that allow direct sourcing and flexible capital deployment outside traditional fund vehicles. This setup supports both investment activities and oversight of The Light Foundation for philanthropic deployment.