L Capital, The Lancer Group’s private equity affiliate, announces the first closing of its inaugural fund: L Capital I LP; new fund focused on co-investments in the technology, media and telecommunications (TMT) sector
SAN FRANCISCO & SAN DIEGO, CA – L Capital LLC announces the first closing of its inaugural private equity fund L Capital I LP effective December 21 2016. L Capital is the private equity investment affiliate of The Lancer Group, a leading global retained executive search firm that partners with private equity firms, their portfolio companies, and public corporations to deliver high-impact leaders.
L Capital is a specialty private equity firm focused on investments in the technology, media and telecommunications (TMT) sector. L Capital makes equity co-investments alongside leading buyout and growth equity funds. In addition to focusing on equity investments, L Capital further expands The Lancer Group’s private equity capabilities by providing value- added advisory services to private equity partners including diligence support, deal origination, and executive search.
L Capital I LP is the only dedicated private equity fund affiliated with an executive search firm in the technology sector. The capital commitments for L Capital I include the principals of The Lancer Group as well as external investors including successful executives, other high net-worth individuals and family offices and institutions. Capital commitments to date range from $250,000 to $2M.
The new fund fund’s investments will add to L Capital’s track record of eight previous fee standing investments in leading companies such as Magento, Informatica, Genesys, PowerPlan, Rogue Wave Sotware, Solera, ExLibris, and Qualys.
About The Lancer Group
The Lancer Group is a leading retained executive search firm that is trusted by private equity firms, their portfolio companies and public corporations to deliver high-impact leaders. The firm specializes in board-driven search mandates including CEOs, CFOs, C-suite executives and board directors as well as private equity investment professionals and operating partners. The Lancer Group has provided strategic counsel to clients across a range of industries and has particular expertise in technology, industrial, energy, healthcare and consumer markets.
With relationships at over 50 of the top 100 private equity firms, The Lancer Group provides a range of pre-deal private equity advisory services beyond traditional executive search. These services include deal origination, diligence support and introductions to “backable” executives.
Founded in 1998, The Lancer Group is privately held and operates from offices across North America and Australia (www.thelancergroup.com).
About L Capital
L Capital is a specialty private equity firm focused on the technology, media and telecommunications (TMT) sector. L Capital makes equity co-investments alongside leading buyout and growth equity funds and provides advisory services including diligence support and deal origination. The affiliation with The Lancer Group provides access to a global talent network, proprietary deal flow, and relationships with 50 of the top 100 private equity firms ranked by assets under management.
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