# Library Systems & Services

Library Systems & Services is an Asset Manager based in Rockville, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Rockville, United States
- **Region:** North America
- **Address:** Rockville, San Francisco, United States
- **Founded:** 1981
- **Assets under management:** Undisclosed
- **Website:** www.lsslibraries.com

## Regulatory record

- **Reports private funds:** No

## About

Library Systems & Services brings over 40 years of experience and expertise optimizing and operating libraries. The collective goal - stronger libraries build stronger communities.

## Sectors

- Infrastructure
- Education
- Digital Health

## People

- Todd Frager — Chief Executive Officer
- Maureen DeLong — Chief Marketing Officer
- Cullen Donohoe — Chief Financial Officer

## Questions

### Who runs investment decisions at Library Systems & Services?

CEO Todd Frager oversees the firm, supported by CFO Cullen Donohoe and a leadership team of library operations vice presidents. Investment decisions relate to municipal contracts, technology platforms, and collection management rather than traditional financial assets (per firm website).

### How does LS&S source proprietary deal flow?

LS&S does not source investments. It secures municipal contracts through competitive RFPs and direct negotiations with city and county governments. The firm's 40+ year track record and references from existing clients serve as its primary marketing channel.

### Does LS&S participate in fund commitments or only direct operations?

LS&S does not take fund commitments. It operates libraries directly, with no asset-management or fund-structure component. The firm's only investment is in its own operations and technology.

### What investment stages does LS&S typically target?

LS&S does not target investment stages. It pursues municipal partnerships of varying scale and duration. Contracts range from single libraries to county-wide systems.

### Which sectors does LS&S explicitly avoid?

LS&S serves only public libraries and cultural institutions (museums, archives). It does not operate in other infrastructure verticals such as transportation, utilities, or healthcare.

### How is LS&S related to LAC Federal?

LS&S acquired LAC Federal to expand support for federal libraries (per firm website). The federal division now services all five national libraries and operates as a distinct unit under the LS&S umbrella.

## Related profiles

- [TechnoMile](https://altss.com/profile/technomile)
- [Maso Capital Partners](https://altss.com/profile/maso-capital-partners)

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

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