# West Monroe

West Monroe is a Private Equity based in Chicago, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Chicago, IL, United States
- **Founded:** 2002
- **Assets under management:** Undisclosed
- **Website:** www.westmonroe.com
- **LinkedIn:** https://www.linkedin.com/company/westmonroe

## Regulatory record

- **CRD number:** 317408
- **SEC file number:** 802-123318
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/317408

## About

West Monroe is an AI-native global consulting firm and global business and technology consulting firm. It combines deep industry expertise with modern technology and business transformation capabilities to help organizations move faster and deliver measurable impact. The firm pairs strategic insights with hands-on execution and has an employee ownership model.

## Sectors

- Enterprise Software
- FinTech
- Healthcare Services
- Energy Transition & Renewables
- Industrial Tech

## People

- Kevin McCarty — Chairman and CEO
- Dean Fischer — President
- Doug Armstrong — Chief Operating Officer

## Questions

### Who co-founded West Monroe and what was their prior affiliation?

Kevin McCarty, Dean Fischer, and Doug Armstrong co-founded West Monroe in 2002. McCarty and several founding partners previously worked at Arthur Andersen's business-consulting practice, leaving during the firm's collapse following the Enron scandal. The founders structured West Monroe as a partnership focused on technology and operations consulting before expanding into direct investing.

### Is West Monroe a consulting firm that invests, or a private equity firm that consults?

West Monroe is primarily a management and technology consultancy that also operates a dedicated investment arm. The firm generates the majority of its revenue from fee-for-service advisory work for corporate clients. Its private equity activities focus on control and growth investments in middle-market companies where the consulting business can deploy operational expertise.

### How does West Monroe source its investment deals?

West Monroe sources investments primarily through its consulting-client relationships and a dedicated corporate-development team. The firm avoids formal auction processes when possible, instead originating proprietary opportunities from companies that have engaged West Monroe for advisory work. This model reduces competitive bidding and aligns with the firm's post-close operational playbook.

### Does West Monroe raise committed funds or invest off its balance sheet?

West Monroe invests through a combination of partner capital and its MSD Partners minority facility. The firm has not publicly raised a traditional blind-pool private equity fund. This structure allows it to hold investments without fund-life constraints and to finance acquisitions opportunistically, funded by MSD's credit lines and the consulting business's operating cash flow.

### Which sectors does West Monroe explicitly avoid in its investment activities?

West Monroe has not publicly disclosed explicit exclusionary sectors. Its historical investment focus has been in business services, healthcare, energy, and enterprise software. The firm's risk appetite runs toward sectors where its consulting expertise applies operationally, which implicitly limits exposure to consumer-facing businesses, hard-asset manufacturing, and speculative biotech.

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- [West Lane Capital Partners](https://altss.com/profile/west-lane-capital-partners)
- [Westmont Hospitality Group](https://altss.com/profile/westmont-hospitality-group)

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Last updated: 2026-08-11T15:08:32.892Z

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