# Lombard

Lombard is a Private Equity based in San Francisco, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** San Francisco, CA, United States
- **Founded:** 1985
- **Assets under management:** Undisclosed
- **Website:** lombardinvestments.com
- **LinkedIn:** https://www.linkedin.com/company/lombard

## Regulatory record

- **CRD number:** 157418
- **SEC file number:** 802-133830
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/157418

## About

Lombard is a leading international private equity investment manager with offices in Hong Kong and the San Francisco Bay Area. Formed in 1985, it has made more than 100 minority growth and control investments in Asia and North America. Its investors include major financial institutions, pension funds, corporations, and family offices in Asia, Europe and North America.

## Sectors

- Enterprise Software
- Industrial Tech
- Healthcare Services
- Mobility & Transportation
- Private Credit

## Questions

### How does Lombard originate investments?

Lombard relies on credit-anchored and restructuring-driven origination, using its in-house debt capabilities to access deals through balance-sheet distress or operational complexity. The firm seeks situations where traditional auction processes are unlikely to surface, giving it a proprietary sourcing advantage. This approach allows Lombard to build control positions without competing against the broader private equity market for marketed assets.

### Does Lombard operate as a standard buyout fund or a structured credit manager?

Lombard blends both disciplines. It makes control equity investments through buyouts, management buy-ins, and growth equity, but it also structures debt and uses credit instruments to originate or enhance those positions. This hybrid model gives the firm flexibility to underwrite complex situations that require a single counterparty capable of solving the entire capital structure.

### What types of deals does Lombard pursue?

Lombard targets buyouts, complex restructurings, management buy-ins, private-to-public transactions, and select growth investments. The firm gravitates toward middle-market companies in enterprise software, industrial technology, healthcare services, and mobility—sectors where operational challenges or capital-structure stress create value opportunities beneath the surface.

### Does Lombard raise traditional commingled funds or invest on a deal-by-deal basis?

Lombard has historically structured its capital raising flexibly, using both vehicle-based and deal-specific approaches. The firm’s September 2024 continuation vehicle closing demonstrates a willingness to use structured liquidity solutions when its value-creation timeline exceeds a traditional fund’s life, pointing to a capital-raising posture that prioritizes alignment over standardized fund cycles.

## Related profiles

- [Loma Capital](https://altss.com/profile/loma-capital)
- [Lombard Asia](https://altss.com/profile/lombard-asia)

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

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