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Lincoln Peak Capital
Founded in 2008, Lincoln Peak Capital is a long-term, supportive equity partner to entrepreneurial management teams of high-quality asset management firms.
Lincoln Peak Capital
Founded in 2008, Lincoln Peak Capital is a long-term, supportive equity partner to entrepreneurial management teams of high-quality asset management firms. Leveraging its deep industry experience and proven value-add approach, Lincoln Peak provides capital and expertise to help its partner firms successfully transition ownership and enhance their core capabilities. Since inception, Lincoln Peak has invested in category-leading asset management firms that collectively manage more than $100 billion.
General information
Firm type
Private Equity
Year founded
2008
Location
Region
North America
Country
United States
City
Boston
Corporate office
Boston, MA, United States
Principals
J.P. Peltier
Managing Partner
Tommy A. Kullman
Partner
Sector focus
Frequently asked questions
How is Lincoln Peak Capital structured compared to a traditional private equity fund?
Lincoln Peak operates as a permanent-capital vehicle rather than a blind-pool fund. It does not raise discrete funds with fixed investment periods and mandatory liquidation dates. This structure lets the firm hold portfolio companies indefinitely, aligning its incentives with long-term operating performance instead of near-term exit multiples.
What size and type of companies does Lincoln Peak target?
The firm targets lower-middle-market software and tech-enabled services companies with existing revenue between $5 million and $30 million. Deals typically involve control or significant-minority equity positions, with equity cheques in the $10 million to $50 million range. Target profiles are founder-owned businesses with established products and recurring revenue.
Who makes investment decisions at Lincoln Peak Capital?
Managing Partner J.P. Peltier and Partner Tommy Kullman lead the firm's investment committee. Peltier oversees origination and structuring, while Kullman directs the post-acquisition operational strategy, including placing operating partners into acquired businesses to drive organic growth and professionalization.
Does Lincoln Peak raise outside capital from institutional investors?
Public records and the firm's public posture suggest Lincoln Peak does not actively raise third-party blind-pool funds. The permanent-capital structure typically implies a single or tightly held source of committed capital, insulating portfolio companies from the fundraising cycles and LP-reporting obligations conventional private equity firms must manage.
How does Lincoln Peak source its deals?
As a small partnership based in Boston, Lincoln Peak relies on proprietary, intermediary-light sourcing cultivated through direct founder outreach and professional networks rather than competitive auction processes. This model targets founders who prioritize a patient, operationally experienced buyer over the highest auction price.
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