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StoicLane
StoicLane is a private holding company founded in 2021 in Chicago, Illinois. It focuses on the long-term development of businesses in the Finance, Insurance,...
StoicLane
StoicLane is a private holding company founded in 2021 in Chicago, Illinois. It focuses on the long-term development of businesses in the Finance, Insurance, and Real Estate sectors. StoicLane provides operational expertise and strategic capital to owners and management teams, targeting control investments with a clear path to profitability and opportunities for technological enablement.
General information
Firm type
Private Equity
Year founded
2021
Location
Region
North America
Country
United States
City
Chicago
Corporate office
Chicago, IL, United States
Principals
Al Goldstein
Co-Founder, CEO, Chairman, Board Member
Matt Foran
Co-Founder, President, COO, Board Member
Jake Nice
Co-Founder, CFO
Erin Stone
General Counsel and Corporate Secretary
Nick Rosso
Principal, Investments
Sector focus
Frequently asked questions
How is StoicLane structured differently from a typical private equity fund?
StoicLane is a long-term holding platform, not a closed-end fund. It deploys permanent capital, meaning it does not face a fixed investment period or a mandated exit timeline. This allows the firm to hold businesses indefinitely and grow them through acquisitions at an organic pace.
Which industries does StoicLane specifically target?
StoicLane exclusively targets the Finance, Insurance, and Real Estate sectors, which it calls FIRE. Within those verticals, the firm looks for companies with existing profitability where it can apply technology to improve operations and bolt on additional acquisitions.
Does StoicLane make minority investments or only control buyouts?
StoicLane pursues control investments. The firm’s model revolves around taking a majority position so its operating team can lead the transformation and acquisition strategy. It does not publicly describe a minority or growth-equity program.
Who runs investment decisions at StoicLane?
Investment decisions are led by the three co-founders: Al Goldstein (CEO), Matt Foran (President and COO), and Jake Nice (CFO). The firm also maintains a board and a large advisor network that includes veterans from OneMain Financial, Capital One, and GM Financial, but the co-founders remain the central decision-makers.
What is the typical equity check size StoicLane writes?
StoicLane publicly states it can write equity checks up to $150 million. The firm targets platform companies that can serve as the foundation for additional acquisitions within a specific FIRE niche, so the initial check size varies based on the size and profitability of the target.
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