Lincolnshire
Private equityNew York · Growth · 26 people tracked
Investment thesis
Lincolnshire Management focuses on lower middle market private equity, believing value is created at the intersection of identifying undervalued opportunities, strong business fundamentals, and tailored execution. A dedicated originations team sources undervalued companies, while an in-house operations team applies proven techniques to build sustainable improvement plans across operational, financial, and ESG functions. The firm draws on decades of combined investment and operational experience, working closely with management teams to help companies grow. Responsible investing is a priority, with the firm using the UN Principles for Responsible Investing as the foundation for tailored ESG strategies developed alongside each portfolio company.
Source: firm website, verified Aug 6, 2026.
Team · 26 people
from the firm's websiteWhat they invest in
from 2 of 17 portfolio companiesAdvanced Manufacturing ×1Fintech ×1Marketing Tech ×1SaaS ×1
HQs:United States×2
Investments · 17 tracked
founders shown can be your intro pathManufacturer of short, dry pasta specializing in durum semolina and specialty blend pasta for food ingredients channels and CPG brands.
Advanced ManufacturingCasselton, US
Gwen Kessler(Executive Officer, Director)Steven Johnson(Executive Officer, Director)Kris Satrom(Executive Officer, Director)
Marine outfitting, repair, and refurbishment company providing land-based and offshore services to oil and gas operators.
Wisconsin-based manufacturer of woven and welded wire mesh for niche industrial and decorative architectural markets.
Provider of water management, recycling, and rental services for the oil and gas industry.
Maker of vapor tight tanks providing sealed storage that prevents uncontrolled release of vapor and gas.
Netherlands-based manufacturer of thermoformed and injection molded plastic containers for the European greenhouse industry.
Manufacturer of plastic containers, trays and accessories for the wholesale nursery and greenhouse industry, using recycled materials.
Fund performance · per public LP disclosures · 7
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Lincolnshire Equity Fund IVLPs: New York City Police Pension Fund, Teachers' Retirement System of the City of New York | 2009 | — | 6.9% | 1.38x | 1.26x |
| Lincolnshire Equity Fund IV-ALPs: New Mexico Public Employees Retirement Association, New York City Police Pension Fund | 2009 | — | — | 1.41x | 1.20x |
| Lincolnshire Equity Fund IV, L.P.LPs: New York City Employees' Retirement System, Nebraska Investment Council, Teachers' Retirement System of the City of New York +1 more | 2009 | — | 6.9% | 1.38x | 1.26x |
| Lincolnshire Equity Fund IIILPs: New York City Police Pension Fund | 2004 | — | 27.2% | 1.76x | 1.76x |
| Lincolnshire Equity Fund III, L.P.LPs: New York City Employees' Retirement System, Teachers' Retirement System of the City of New York, New York City Police Pension Fund +1 more | 2004 | — | 27.2% | 1.76x | 1.76x |
| Lincolnshire Equity Fund IILPs: New York City Police Pension Fund | 1999 | — | 24.6% | 1.97x | 1.97x |
| Lincolnshire Equity Fund II, L.P.LPs: New York City Employees' Retirement System, Teachers' Retirement System of the City of New York, New York City Police Pension Fund +1 more | 1999 | — | 24.6% | 1.97x | 1.97x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does Lincolnshire invest at?
- Lincolnshire invests at the Growth stage.
- What sectors does Lincolnshire focus on?
- Lincolnshire focuses on Advanced Manufacturing.
- Where is Lincolnshire located?
- Lincolnshire is headquartered in New York, US.
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