# Sage Capital

Sage Capital is a Private Equity based in Menlo Park, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Menlo Park, United States
- **Region:** North America
- **Address:** 8000 Maryland Ave. Suite 1200, St. Louis, MO 63105, United States
- **Founded:** 2004
- **Assets under management:** Undisclosed
- **Website:** www.sagecapitalllc.com
- **LinkedIn:** https://www.linkedin.com/company/sage-capital-llc

## About

Sage Capital is an SEC-registered investment adviser in Menlo Park, CA, registered since 2017. The firm manages approximately $884 million in regulatory assets. It has 10 employees and 4 investment advisers.

## Sectors

- Industrial Tech
- Business Services
- Consumer & Retail
- Manufacturing

## People

- Wesley M. Jones — Co-Founder & Partner
- J. Spencer Finney — Partner
- D. Michael Hollo, Jr. — Partner
- John W. Lemkemeier — Co-Founder & Senior Advisor
- Beth A. Grote — Director of Finance

## Questions

### Who runs investment decisions at Sage Capital?

The partners lead deal sourcing, diligence, and structuring. Co-founder and Partner Wesley Jones, Partner Spencer Finney, and Partner Michael Hollo are the primary investment decision-makers, supported by the Roundtable members whose operating backgrounds shape the firm's judgment on each investment.

### How is Sage Capital's Roundtable structured differently from a traditional PE fund?

The Roundtable is a committed, permanent-capital vehicle with no termination date. Sage charges no management fees on undrawn commitments and the investors are a closed group of current and retired executives who invest their own capital alongside the firm. This structure removes the pressure to deploy or exit on a fixed timeline.

### Does Sage Capital focus on control acquisitions or minority deals?

Sage makes both control and minority investments. Control deals often involve partnerships with management teams or founding families, as seen with Livers Bronze and Mohawk Lifts. The firm also provides minority growth capital and recapitalizations, such as the investment in Quest Food Management Services in 2021.

### Which sectors and geographies does Sage Capital explicitly avoid?

Sage will not invest in commodity processors, job shops, trucking, real estate, or gaming. The firm's strategy targets operating companies with sustainable competitive advantages, preferring differentiated manufacturers, recurring-revenue services, and value-added distribution primarily between the Appalachian and Rocky Mountain regions.

### What is Sage Capital's posture on co-investing alongside other firms?

Sage regularly co-invests behind sponsors who share its partnership-oriented ethos and has also welcomed co-investors into its own led transactions. The Roundtable's ability to syndicate allows the firm to pursue larger equity requirements than its typical $5M–$30M check size.

## Related profiles

- [SAGEbroadview Wealth Management](https://altss.com/profile/sagebroadview-wealth-management)
- [Sage Innovation Partners](https://altss.com/profile/sage-innovation-partners)

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

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