Partner With Us — Capital Partners
LSG partners with family offices, accredited investors, and long-duration capital allocators who share one conviction: time — not transactions — is the primary driver of superior returns. If you are tired of fund timelines forcing exits at inopportune moments, we were built for you.
The private equity model is structurally misaligned with long-term value creation. LSG is built differently — not as a constraint, but as a deliberate source of compounding advantage.
Traditional PE funds face LP redemption windows and end-of-fund pressures that force sales at inopportune moments. We have no such mandate — ever. We hold until holding is the wrong choice.
Returns are driven by essential services free cash flow compounding over an indefinite hold — not by financial engineering, multiple expansion, or manufactured liquidity events.
We acquire businesses in infrastructure, energy, and healthcare services — sectors where demand is insulated from consumer sentiment, macro cycles, and discretionary spending patterns.
2.0–3.5× leverage in a market where financial buyers routinely exceed 5×. This discipline allows us to operate confidently through downturns and retain optionality that over-levered buyers sacrifice.
No GP equity is earned until LPs receive their preferred return. The equity reversion schedule means GP interests are fully aligned with LP outcomes — not with deal volume or AUM growth.
Each anchor acquisition becomes a platform. Disciplined add-ons create vertical integration and scale without bureaucratic bloat — compounding cash flows that reinvest rather than distribute under pressure.
LSG's fee structure is intentionally below-market. The management fee is sized to cover operations — not to generate profit at the GP level. All meaningful GP economics come from performance.
Layer 1
2.0% annual on committed capital, stepping down to 1.5% at $20M AUM. Sized to cover operations — not to generate profit at the GP level.
Layer 2
15% above a 6% preferred return hurdle — below the industry standard of 20/8. GP clawback provision included. LP-friendly by design.
Layer 3
GP ownership in each portfolio company grows from 5% toward 90% as LPs achieve MOIC thresholds. LP capital is returned first, at every stage.
| LP MOIC Threshold | GP Ownership | Status |
|---|---|---|
| Below 2.0× | 5% | No Reversion |
| 2.0× | 25% | Gate Triggered |
| 2.5× | 50% | Accelerating |
| 2.75× | 75% | Near-Complete |
| 3.0× + | 90% | Complete — 10% LP Residual Retained |
We are not asking capital partners to bet on a theoretical model. We are building a live track record before raising from institutional sources.
Phase 01
Operating as an independent sponsor to close the first acquisition and establish a live, auditable track record. No theoretical returns — actual portfolio performance.
Phase 02
Post-Deal #1, we raise from aligned capital partners to fund platform infrastructure and subsequent acquisitions. Details available to qualified investors upon request.
Phase 03
Additional acquisitions building the platform portfolio. Management fee steps down to 1.5% at $20M AUM. The structure rewards LP scale with reduced GP economics.
The LSG Investor Tear Sheet summarizes our investment thesis, GP economics, target returns, and deal pipeline in a single document designed for capital allocators evaluating a first conversation. Enter your information below and we'll send it directly to you — then we'd like to hear more about you.
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This page does not constitute an offer to sell or solicitation of an offer to buy any securities. Any offering will be conducted in compliance with applicable securities laws and only to qualified investors. Past performance is not indicative of future results. All investments involve risk, including the possible loss of principal.