# LCM Group

LCM Group is a Single Family Office based in Dallas, United States.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Dallas, United States
- **Region:** North America
- **Address:** Dallas, TX, United States
- **Founded:** 1988
- **Assets under management:** Undisclosed
- **Website:** lcmgroup.com
- **LinkedIn:** https://www.linkedin.com/company/lcm-group

## Regulatory record

- **Reports private funds:** No

## About

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 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.

## Sectors

- FinTech
- EdTech

## People

- D. Scott Luttrell — Founder & Chairman
- David S. Luttrell — CEO & CIO
- Michael K. Ake — Chief Financial Officer
- Louis A. Perrine — Director

## Questions

### Who runs investment decisions at LCM Group?

David S. Luttrell serves as CEO and CIO and oversees all portfolio decisions. D. Scott Luttrell remains Founder and Chairman. Michael K. Ake manages financial reporting and controls as CFO.

### How does LCM Group source proprietary deal flow?

The firm relies on a network of business relationships, independent sponsors, search funds, and other family offices. It also receives opportunities through affiliates Cedar Springs Capital and Arrow Capital.

### Does LCM Group participate in fund commitments or only direct deals?

LCM Group prefers direct investments and co-investments on a deal-by-deal basis. It makes selective LP commitments to search funds such as Peterson Partners and maintains secondaries exposure through Cedar Springs Capital.

### What investment stages does LCM Group typically target?

The firm targets lower-middle-market buyouts, later-stage venture capital, search funds, and special situations. It also allocates to early-stage opportunities on a selective basis.

### Does LCM Group maintain philanthropic structures?

Yes. The firm supports The Light Foundation, which David S. Luttrell serves as trustee. D. Scott Luttrell is Founder and Trustee of the same entity.

### What is LCM Group’s known posture on co-investments alongside external GPs?

LCM Group actively pursues co-investments with trusted sponsors and fundless sponsors. It also backs search funds and participates in GP-led secondaries through its affiliate Cedar Springs Capital.

## Related profiles

- [CS Family Office](https://altss.com/profile/cs-family-office)
- [North-East Family Office](https://altss.com/profile/north-east-family-office-liljeborg-enevoldsen-family-office)

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Last updated: 2026-08-10T15:54:10.904Z

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