Lake Capital

American private equity firm

Lake Capital Partners

Company type	Private
Industry	Private equity
Founded	1998; 26 years ago (1998)
Founder	Terence Graunke and Paul Yovovich
Headquarters	Chicago, Illinois, U.S.
Products	Leveraged buyout, growth capital
Total assets	$321.0 million^[1]
Number of employees	9
Website	www.lakecapital.com

Lake Capital Partners is a private equity firm focused on growth capital and leveraged buyout investments in lower middle market companies across a range of service businesses. It was founded in 1998 by Terence Graunke and Paul Yovovich. Lake focuses on marketing, finance, operation and infrastructure, specialty services, healthcare, specialty consumer services, technology, and business process outsourcing.

In addition to traditional leveraged buyout transactions, Lake focuses on investing in rollup investments around a platform company.^[2]

The firm, which is based in Chicago, Illinois, was founded in 1998 by Terence Graunke and Paul Yovovich.^[3] The firm has raised approximately $1.3 billion since inception across its two funds. Prior to raising its 2002 debut fund with $500 million of commitments, Lake raised capital on a deal-by-deal basis.^[4] In 2005, Lake raised its second fund, with $800 million of investor commitments.

References

^ "Lake Capital AUM 13F". Retrieved 22 April 2019.
^ Lake Capital: Approach (company website)
^ "Lake Capital: Private Company Information - Businessweek". www.bloomberg.com. Retrieved 2016-08-12.
^ Lake Capital raises $500m for debut fund. Financial News, March 20, 2003

Local firm recalculates private-equity formula; Lake Capital's first fund selling out^{[dead link]}. Crain's Chicago Business, October 28, 2002
Addison Receives Strategic Investment from Lake Capital. Jun 13, 2006
Chicago Private Equity Firm Takes Plunge with Second Consulting Firm Stake. Chicago Tribune, October 3, 2003