# Lineage Capital

Lineage Capital is a Private Equity based in Boston, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Boston, United States
- **Region:** North America
- **Address:** Boston, MA, United States
- **Founded:** 2003
- **Assets under management:** $500M – $1.5B (Altss estimate)
- **Website:** www.lineagecap.com
- **LinkedIn:** https://www.linkedin.com/company/lineage-capital

## About

Lineage Capital is a private equity firm that partners with owner-managers who want substantial liquidity while retaining board control, even when Lineage owns a majority economic stake. Its unique partnership model combines features of a sale and a minority investment and separates economic ownership from corporate governance. The firm works as active board members and partners to management teams to promote long-term growth, with an exclusive focus on owner-managed businesses.

## Sectors

- Business Services
- Consumer
- Industrial Tech
- Healthcare Services

## People

- Brooks Zug — Co-Founder & Managing Partner
- Michael G. Zinner — Co-Founder & Managing Partner

## Questions

### Who runs investment decisions at Lineage Capital?

Co-Founders and Managing Partners Brooks Zug and Michael Zinner lead the investment committee. The firm maintains a flat partnership structure without a separate institutional investment board, keeping deal approval concentrated with the two named principals who built the strategy.

### How does Lineage Capital source proprietary deal flow?

Lineage sources almost entirely through professional referral networks — estate-planning attorneys, sell-side accountants, trust-and-estate advisors, and commercial bankers who represent founders considering partial liquidity. The firm rarely participates in auction processes, relying instead on a position as the first call when an owner wants a partner rather than a pure sale.

### Does Lineage Capital participate in fund commitments or only direct deals?

Lineage executes direct control and significant-minority recapitalizations. The firm writes equity checks directly into privately held companies. It does not operate as a fund-of-funds or allocate LP capital to third-party managers.

### How is Lineage Capital related to other Zug-family investment entities?

Brooks Zug has a long history in private equity, having previously co-founded HarbourVest Partners in 1982 before leaving decades later to build Lineage around the partnership-recap model. Lineage operates independently of HarbourVest and other prior affiliations, with its own fund vehicles and LP base.

## Related profiles

- [Lindsay Goldberg](https://altss.com/profile/lindsay-goldberg)
- [Lineage Ventures](https://altss.com/profile/lineage-ventures)

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Last updated: 2026-08-11T15:07:19.634Z

Canonical page: https://altss.com/profile/lineage-capital

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