# Percolate Holdings

Percolate Holdings is a Single Family Office based in Boston, United States.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Boston, United States
- **Region:** North America
- **Address:** Boston, MA, United States
- **Founded:** 2021
- **Assets under management:** Undisclosed
- **Website:** percolateholdings.com
- **LinkedIn:** https://www.linkedin.com/company/percolate-holdings/

## Regulatory record

- **Reports private funds:** No

## About

Percolate Holdings was established in 2021 by Max Spiegel following the sale of Student Loan Hero. The transaction with LendingTree generated the $60 million that funds the office. The firm executes buyouts of mature businesses in New England through private equity structures. Confirmed relationships include co-investors Amir Learner and Andy Josuweit. Activity remains concentrated in North America. The office lists membership in YPO Boston Chapter and Tiger 21. It also maintains the Spiegel Family Charitable Fund. No operational events from the prior 24 months appear in available records.

## Sectors

- Private Equity

## People

- Max Spiegel — Founder
- Amir Learner — Business Partner
- Andy Josuweit — Business Partner
- Doug Lebda — Business Partner
- Irina Spiegel — Family Member

## Questions

### Who runs investment decisions at Percolate Holdings?

Max Spiegel directs decisions as founder. Business partners Amir Learner and Andy Josuweit participate in acquisition sourcing and execution.

### How does Percolate Holdings source proprietary deal flow?

The office relies on direct relationships within New England and networks such as YPO and Tiger 21.

### Is Percolate Holdings structured as a single family office or does it operate more like a venture firm?

It functions strictly as a single family office. Capital deployment centers on buyouts rather than early-stage venture.

### Does Percolate Holdings participate in fund commitments or only direct deals?

Available records indicate focus on direct acquisitions of established businesses.

## Related profiles

- [Perception Capital Asia](https://altss.com/profile/perception-capital-asia)
- [Peregrade Ventures](https://altss.com/profile/peregrade-ventures)

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Last updated: 2026-08-10T15:54:10.904Z

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