# Third Lake Capital

Third Lake Capital is a Single Family Office based in Tampa, United States.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Tampa, United States
- **Region:** North America
- **Address:** 1600 East 8th Avenue Suite A210, Tampa, FL 33605, United States
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** tlcapital.com
- **LinkedIn:** https://www.linkedin.com/company/thirdlake

## About

Third Lake Capital was established in 2013 to serve the Wanek family. Ken Jones launched the office and continues to hold founder status. The firm supplies investment advisory and administrative services to this single client family. Investment activity covers private equity, real estate, private credit, secondaries, and public markets. The portfolio includes direct holdings such as 200 Central in St. Petersburg and ONE St. Petersburg residential tower. Additional exposure runs through Third Lake RE Industrial Fund I LP and Third Lake RE Multifamily Fund V LP. Allocations extend across North America, Europe, Asia, Africa, the Middle East, and South America. Structures include SPVs, fund-of-funds commitments, and distressed situations. The Tampa headquarters employs a compact professional team. Robert Forsythe acts as Chief Executive Officer. Dhvani Shah holds the President and Chief Investment Officer title. Daniel Baron serves as Executive Vice President and Chief Financial Officer. Beth Horner is President and Chief Legal/Trust Officer. The firm maintains board roles at the Florida Board of Governors and the Straz Center for the Performing Arts through Ken Jones. Third Lake Capital operates exclusively for one family rather than external clients. This mandate removes typical fundraising cycles and allows direct alignment between investment decisions and the family's long-term objectives.

## Sectors

- PropTech
- Healthcare Services
- FinTech

## People

- Robert Forsythe — Chief Executive Officer
- Dhvani Shah — President & Chief Investment Officer
- Daniel Baron — Executive Vice President & Chief Financial Officer
- Beth Horner — President & Chief Legal/Trust Officer
- Ken Jones — Founder and CEO
- Ronald Wanek — Founder

## Questions

### Who runs investment decisions at Third Lake Capital?

Dhvani Shah serves as President and Chief Investment Officer. Robert Forsythe holds the Chief Executive Officer role. Both report within the single-family office structure.

### How does Third Lake Capital source proprietary deal flow?

The firm relies on direct relationships with operating companies and investment managers. Ken Jones maintains board positions that generate access to Florida-based opportunities.

### Is Third Lake Capital structured as a single family office or does it operate more like a venture firm?

Third Lake Capital functions strictly as a single-family office. It provides advisory services only to the Wanek family and does not raise external capital.

### Does Third Lake Capital participate in fund commitments or only direct deals?

The firm uses both approaches. It holds positions in Third Lake RE Industrial Fund I LP and Third Lake RE Multifamily Fund V LP while also executing direct real-estate acquisitions.

### What investment stages does Third Lake Capital typically target?

The firm pursues early-stage and growth opportunities alongside established real-estate and private-equity holdings.

### Does Third Lake Capital maintain philanthropic structures, and how are they separated?

The Wanek Family Foundation to Cure Type 1 Diabetes operates as a separate vehicle from the investment office.

## Related profiles

- [Third by Kenjiro](https://altss.com/profile/third-by-kenjiro-ushioda-family-office)
- [Thirty Five Ventures](https://altss.com/profile/thirty-five-ventures-kevin-durant-family-office)

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Last updated: 2026-08-10T16:07:01.704Z

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