LINEAGE CAPITAL, LLC

Thesis

Lineage Capital, LLC is a private equity firm founded in 2003 and headquartered in Boston, Massachusetts. This approach aims to align interests and ensure the continued growth and success of the businesses they invest in. The firm considers both control and minority investment situations across North America. Their investment criteria include companies headquartered in the US with a strong core management team and a diversified customer base. Lineage Capital invests across a broad range of sectors, including consumer goods, industrial, service, and distribution businesses. They also have a stated interest in healthcare, information technology, materials, resources, transportation, and media sectors. The firm's strategy involves providing value-added partnership through active board involvement, bringing experience and resources to promote long-term growth. In addition to equity, Lineage Capital provides subordinated debt financing, typically allocating approximately two-thirds of an investment to equity and one-third to subordinated debt, with flexibility based on the transaction. Lineage Capital has closed its third fund, Lineage Capital Fund III, at $275 million. While specific AUM figures are not consistently reported across all sources, one profile indicates $160 million in PE Assets under management. The typical check size is not explicitly stated, but the firm targets businesses with an EBITDA of $4 million or greater, suggesting investments are likely in the lower to middle market range.

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