Headquartered in Nashville TN, LFM Capital was founded in May 2014. Stephen C. Cook,
Daniel A. Shockley, Chris L. Lin, Gary C. Harris, and Jessica L. Ginsberg are the principal
owners of LFM Capital (the “Principals”).
LFM Capital provides advisory services to private investment vehicles, including LFM Capital
Partners, L.P., LFM Capital Partners II-A, L.P., LFM Capital Partners II-B, L.P., LFM Capital
Partners III-A, L.P., and LFM Capital Partners III-B, L.P. all Delaware limited partnerships (the
“LFM Funds”). LFM Capital also provides advisory services to LFM Longhorn Opportunity
Partners, L.P., a Delaware limited partnership (the “Longhorn Fund”) and LFM Capital (Co-
Investment), L.P., a Delaware limited partnership (the “Co-Investment Fund”). The
Longhorn Fund and the Co-Investment Fund co-invest in select Portfolio Companies in which
the LFM Funds also have invested or are currently investing. The LFM Funds, the Longhorn
Fund, and the Co-Investment Fund are collectively referred to herein as the “Funds.” The
Funds seek to make privately negotiated lead or control investments in undervalued private
North American based lower middle market niche manufacturing and industrial services
businesses with enterprise values of $15-$75 million.
LFM Capital serves as the Funds’ management company. The general partner of each of the
Funds (referred to as the “General Partner” as to that fund) and LFM Capital are related
parties under common control.
LFM Capital provides discretionary advisory services to the LFM Funds and the Co-
Investment Fund and non-discretionary advisory services to the Longhorn Fund, generally
seeking to generate long-term capital appreciation for the Funds by advising them as to their
investments in lower middle market North American manufacturing and industrial services
companies with outstanding growth prospects, in LFM Capital’s view. LFM Capital’s
investment advisory services consist of investigating, identifying, and evaluating investment
opportunities, structuring, negotiating, and making investments on behalf of the Funds,
managing and monitoring the performance of such investments, and disposing of such
investments.
The Funds invest in private company securities
(“Portfolio Companies”). LFM Capital seeks
to generate consistent and attractive financial returns for the Funds’ investors by managing
the Funds’ investments in what LFM Capital believes are promising Portfolio Companies with
talented management teams. LFM Capital seeks to accelerate such Portfolio Companies’
business growth and value by applying a combination of manufacturing and operational
excellence, world class executive leadership and targeted growth expansion strategies.
The LFM Funds’ objectives are to generate superior returns through the long-term capital
appreciation of lead or control equity and equity-related investments primarily in
established small and medium-sized private niche manufacturing and industrial services
companies that are doing business primarily in the United States and Canada. The Longhorn
Fund’s and the Co-Investment Fund’s objective is to co-invest in select portfolio companies
in which the LFM Funds also have invested or are currently investing.
Generally, with respect to the Funds, LFM Capital does not tailor its advisory services to the
individual needs of investors in the Funds. LFM Capital’s investment advice with respect to
each of the Funds is subject to such fund’s investment objectives and guidelines, and LFM
Capital has broad and flexible investment authority with respect to the LFM Funds. The
terms, investment objectives and strategies applicable to each Fund are set forth in such
Fund’s limited partnership agreement and subscription agreement (with respect to each
Fund, the “Governing Documents”), which each investor in the applicable fund is required to
receive and execute prior to being accepted as an investor in such Fund (“Limited Partner”).
The general partner of each of the LFM Funds may enter into “side letters” or similar
agreements with certain investors pursuant to which such general partner grants the
investor specific rights, benefits, or privileges that are not made available to investors
generally.
LFM Capital does not participate in any wrap fee programs.
As of December 31, 2023, LFM Capital managed $1,058,210,507 on a discretionary basis and
$47,888,096 on a nondiscretionary basis.