Shadow Lake Partners

Investment decisions are led by the firm's Partners, Michael Faraone and Andrew Fenton. Faraone has over 25 years of middle-market investment banking experience, while Fenton spent more than 20 years in M&A, high yield fixed income, and public equity investing. No investment committee structure is disclosed publicly.

Shadow Lake Partners sources opportunities through a dedicated business development function led by Senior Vice President Bill Bright, who is responsible for establishing and maintaining relationships with entrepreneurs across the United States. The firm also markets to operating partners, service providers, and deal sponsors to generate proprietary deal flow in the lower middle market.

Shadow Lake Partners is a direct investor and not a fund-of-funds. No public record exists of the firm making commitments to outside private equity funds. The firm operates with flexible capital, structuring direct investments that range from full buyouts to minority recapitalizations alongside existing owners.

Shadow Lake Partners targets controlling and non-controlling investments in established, operating businesses. The firm focuses on lower middle market companies undergoing ownership transitions, including succession-driven sales of family-owned businesses and divestitures from larger corporations. It does not target startups or venture-stage companies.

Shadow Lake Partners is structured as a private equity firm with a partnership model. The named principals include two investing partners, a business development executive, and a Chief Technology Officer. The firm operates from multiple regional offices in Hillsborough, Tampa, Charlotte, and Las Vegas, and markets directly to entrepreneurs for deal origination rather than raising capital from institutional LPs publicly.