Sandlot Partners

Managing Partners Dave Jensen and Casey Baugh jointly lead investment decisions. Jensen spent over a decade at Portfolio Advisors and Commonfund Capital deploying $2 billion in direct investments and fund commitments for institutional clients. Baugh co-founded Roots, the fifth-largest US manufactured housing platform, and previously drove revenue from $30 million to over $1 billion as a sales executive at Vivint.

Sandlot operates as an asset manager that syndicates direct co-investment deals to a network of over 300 family offices and founder investors. It is not a single-family office, nor does it raise traditional blind-pool funds. The firm structures individual investments rather than requiring commingled capital commitments.

The firm's stated model emphasizes direct equity placements. Its website and marketing describe proprietary access, direct deals, and flexible structures — minority or control. There is no indication of fund-of-funds activity in its current disclosures.

Target investment size spans $10 million to $50 million per deal, aimed at growth-stage companies and real estate projects. The focus is expansion and late-stage venture, plus selective secondaries. Portfolio companies such as Breeze Airways and Gabb Wireless reflect later-stage, revenue-generating positions.

Sourcing runs through the firm's curated network of 300-plus family offices and founder investors. The firm describes deal flow as proprietary and network-driven, rooted in relationships Jensen and Baugh built during prior institutional roles and in Utah's concentrated ecosystem of growth companies. There is no evidence of broad auction-process participation.

Sandlot's public communications do not name excluded sectors. The disclosed portfolio tilts heavily toward technology, aviation, enterprise software, consumer, and real estate in the Mountain West, suggesting limited appetite for biotech, heavy industrials, or deep-tech research-stage ventures.

Sandlot's model is itself a co-investment syndication vehicle: its network investors co-invest directly into the deals the firm sources and structures. There is no explicit mention of participating as a passive co-investor alongside other fund managers' lead deals, though that activity would be consistent with the firm's institutional background.