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 25, 2026.
Team · 26 people
from the firm's websiteWhat they invest in
from 8 of 14 portfolio companiesE-commerce ×2SaaS ×2Advanced Manufacturing ×1AgTech ×1Circular Economy ×1Construction Tech ×1Consumer ×1Fintech ×1
HQs:United States×4Netherlands×1
Investments · 14 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)
A pasta manufacturing and shipping facility based in Casselton, North Dakota.
FoodTechCasselton, US
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.
Desch produces plant pots and trays made from recycled plastic, including nIR-detectable and post-consumer recycled products for growers and plant retailers.
AgTechCircular EconomyNew Materials
Manufacturer of plastic containers, trays and accessories for the wholesale nursery and greenhouse industry, using recycled materials.
Bitly provides a unified platform for URL shortening, QR code generation, and landing page creation with advanced analytics and tracking capabilities.
FintechMarketing TechSaaSBrooklyn, US
Co-investorsASEBAt One VenturesAUGE-UCRBerkley Center for EntrepreneurshipBethnal Green VenturesBioHealth Innovation, Inc.+21 more
Powerhouse provides multi-site enhancement services including rollout and refresh programs, along with staffing and merchandising operational support for businesses with multiple locations.
HR TechRetail Tech
Co-investorsWP Global Partners
REMEDI8 provides passive fire protection and life safety compliance services—including fire door, fire barrier, and fire/smoke damper inspection, installation, maintenance, and reporting—for healthcare facilities across the United States.
Construction TechHealthtechSaaS
Co-investorsWP Global Partners
True Hockey designs and sells ice hockey equipment, including player and goalie sticks, skates, protective gear, and gloves.
ConsumerE-commerceSports Tech
Co-investorsWP Global Partners
US Auto Supply sells auto body and collision repair equipment and products, offering video demonstrations, trade education resources, and monthly deals.
E-commerce
Co-investorsWP Global Partners
Portfolio news
latest coverage across their companiesPowerhouse · investing.com · Jun 1, 2026
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
- How many investments has Lincolnshire made?
- Lincolnshire has 14 tracked investments.
- 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.
- Who does Lincolnshire co-invest with?
- Lincolnshire most often shares deals with WP Global Partners, At One Ventures, Designer Fund, among 27 tracked co-investors.
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