# Pacific Lake Partners

Pacific Lake Partners 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:** 2017
- **Assets under management:** Undisclosed
- **Website:** pacificlake.com
- **LinkedIn:** https://www.linkedin.com/company/pacific-lake-partners

## Regulatory record

- **CRD number:** 160377
- **SEC file number:** 801-110327
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/160377

## About

Pacific Lake Partners is an SEC-registered investment adviser in Boston, MA, registered since 2017. The firm manages $2.2 billion in regulatory assets. It has 27 employees and 22 investment advisers.

## Sectors

- Enterprise Software
- Industrial Tech
- Business Services

## Offices

- Palo Alto, CA, United States

## People

- Coley Andrews
- Lindsey Gray
- Keith Gross
- Chris Hendriksen
- Jim Southern

## Questions

### What is Pacific Lake Partners' investment model?

Pacific Lake operates as a dedicated search fund investor, backing individual entrepreneurs who raise a small pool of capital to find, acquire, and run a single private company. Unlike a traditional private equity firm that buys companies itself, Pacific Lake supplies the committed search capital and acquisition equity, then steps into a supporting role while the entrepreneur serves as CEO. This programmatic structure allows the firm to run a continuous pipeline of concurrent searchers rather than cycling through discrete fund vintages.

### How does Pacific Lake source its deal flow?

Deal flow originates through the firm's network of active searchers who each spend months or years identifying a suitable acquisition target in the lower middle market. Pacific Lake evaluates potential investments at two stages — first when selecting the searcher, and again when the searcher presents a signed letter of intent for a specific company. The dual-screen process means the firm sees hundreds of potential acquisitions annually, filtered by operators who have concentrated, single-asset focus.

### Does Pacific Lake invest in traditional private equity funds or only direct deals?

Pacific Lake invests solely through the search fund structure, which is a form of direct deal — the firm commits capital to a searcher's acquisition vehicle that buys 100% of a target company. The firm does not make fund commitments to third-party general partners or participate in secondary transactions. Each investment is tied to a specific operating company and a named CEO-in-place.

### Who makes the investment decisions at Pacific Lake?

Investment decisions are made by the firm's partnership group, which includes co-founders Coley Andrews and Jim Southern alongside senior team members such as Lindsey Gray, Keith Gross, and Chris Hendriksen. The group evaluates both the searcher — assessing operational aptitude and industry fit — and the target company's financial and market characteristics before committing capital.

## Related profiles

- [Pacific Horizon Ventures](https://altss.com/profile/pacific-horizon-ventures)
- [Pacific Northwest Ballet Foundation](https://altss.com/profile/pacific-northwest-ballet-foundation)

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

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