# Onward Capital

Onward Capital is a Private Equity based in Skokie, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Skokie, United States
- **Region:** North America
- **Address:** 5215 Old Orchard Road Suite 905, Skokie, IL 60077, United States
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** www.onwardcapllc.com
- **LinkedIn:** https://www.linkedin.com/company/onwardcapital

## Regulatory record

- **Reports private funds:** No

## About

Onward Capital is a private equity firm that invests in lower middle-market industrial businesses. It partners with management teams to implement operational improvements and professional management practices. Onward Capital invests with family offices, mezzanine funds, equity funds, industry executives, and high net-worth individuals.

## Sectors

- Manufacturing
- Industrial Services

## People

- Marcus George — Partner
- Laura Lester — Partner
- Jack Tresley — Vice President

## Questions

### Who runs investment decisions at Onward Capital?

Founding Partners Marcus George and Laura Lester share responsibility for developing investment theses, executing transactions, and leading value creation. Both sit on the board of each portfolio company. The firm lists no separate investment committee, implying the partnership itself functions as the decision-making body.

### How does Onward Capital source deals?

Onward's partners build investment theses around specific sub-sectors within manufacturing, value-added distribution, and industrial services, then pursue targets matching those theses. The firm's website frames sourcing as proactive, with Lester and George both drawing on decades of middle-market deal networks developed at Code Hennessy & Simmons and, earlier, at Lehman Brothers and Heller Financial.

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

All of Onward's described activity points to direct platform investments — buyouts, divestitures, growth recapitalizations, and spin-offs. There is no mention of making LP commitments to external funds.

## Related profiles

- [ON Ventures](https://altss.com/profile/on-ventures)
- [OnWave Ventures](https://altss.com/profile/onwave-ventures)

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

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