LNC partners

LNC Partners is a private equity firm established in 2011, operating from Northern Virginia. The firm was founded by managing partners Mark Raterman, Matt Kelty, and Robert Monk, who began investing together in 2004. The founders have extensive careers in private company investments, serving in various capacities such as control equity sponsors, minority equity investors, and lenders, and have held numerous board positions across a wide range of industries. LNC specializes in providing flexible capital and strategic support to lower-middle market companies across the United States.

The firm's core business revolves around structuring customized capital solutions, which can include both debt and equity, for founder- and management-led companies. LNC is often the first institutional capital partner for these businesses, demonstrating its relationship-oriented approach. It operates with a flexible mandate, taking control, majority, or minority equity stakes, and also provides debt securities like unitranche and subordinated debt. This adaptability allows LNC to finance management buyouts, acquisitions, growth initiatives, and recapitalizations. The firm manages over $500 million in committed capital, investing in companies that typically generate between $2 million and $20 million in EBITDA. Its capital is sourced from a diverse base of investors including financial institutions, endowments, and family offices. Significant milestones include the closing of its $300 million Fund II in 2019 and its $325 million Fund III in 2025.

LNC concentrates its investments in specific sectors, including business services, software and technology, financial and insurance services, and healthcare services. The firm actively partners with its portfolio companies to accelerate growth, often by sourcing and executing add-on acquisitions, improving business processes, and refining financial reporting. Its portfolio is diverse, featuring companies like OutSolve, a provider of affirmative action compliance services; Cantey Tech Consulting, an IT managed services provider; and YourPolicy, a tech-enabled insurance brokerage platform. By providing strategic guidance and access to a full range of private equity resources, LNC works to create value and build industry-leading businesses.

Keywords: private equity, lower middle market, flexible capital, structured equity, minority equity, debt financing, buyout, growth capital, acquisition finance, business services, financial services, healthcare services, tech-enabled platforms, founder-led companies, management buyout, recapitalization, strategic support, LNC Partners, Mark Raterman, Matt Kelty, Robert Monk, Virginia private equity, US investments