LAGO ASSET MANAGEMENT

Thesis

LAGO ASSET MANAGEMENT, established in 2019 and headquartered in Chicago, is a US-based alternative investment platform specializing in bespoke credit solutions for lower middle-market companies. The firm employs a multi-strategy approach, providing growth capital through customized term loan credit facilities and equity co-investments, primarily targeting high-growth, disruptive companies. Their investment thesis is driven by identifying differentiated risk-return opportunities stemming from a structural capital supply-demand imbalance in the lower middle market. LAGO focuses on niche thematic investing aligned with megatrends, actively originating deals through direct sourcing independent of sponsor relationships. They primarily invest in debt securities of privately held companies, emphasizing disciplined structuring, thematic investing, and active portfolio management with a strong focus on principal preservation via rigorous risk management, conservative leverage, financial covenants, and diversification. Their geographic scope is primarily the United States, with a focus on Series A to later-stage companies. As of December 31, 2025, their total regulatory AUM was $604,879,664, all of which was discretionary. LAGO manages multiple funds, including 'Innovation Fund' and 'Acceleration Fund' series, 'Evergreen Credit', and 'Delta Nine' funds. The firm operates as a registered investment adviser with the SEC and provides services to pooled investment vehicles and a Business Development Company (BDC).

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