Fundraising Fox

Sage Capital

Private equityActively deploying

Saint Louis · Growth–Late Stage · 7 people tracked

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Investment thesis

Sage Capital pursues a partnership-oriented approach to private equity, prioritizing long-term capital deployment and sustainable growth over traditional asset management models. The firm targets investments with multi-decade holding periods, favoring meaningful founder rollover equity and collaborative ownership structures. By leveraging the operational experience of its investor base—composed primarily of business leaders and executives—Sage aims to build enduring value through disciplined capital allocation, active operational involvement, and alignment of interests with management teams and business owners.

Source: firm website, verified Jul 21, 2026.

Stage
Growth–Late Stage
Check
$5M – $30M
HQ
Saint Louis, US
Leads rounds
Follows
Instruments
Equity
Founded
2004
AUM
$368.6M
Tracked investments
27

Team · 7 people

from the firm's website
John W. Lemkemeier· Co-Founder & Senior Advisor

Co-founder of Sage Capital in 2004 and current senior advisor and investment team member. He previously served as president of Contec, Inc., a manufacturer of contamination control products for pharmaceutical, electronics, automotive, and aerospace industries, and was an M&A lawyer at Bryan Cave. He holds a JD from Harvard Law School and a BA from Princeton University.

Wesley M. Jones· Co-Founder & Partner

Co-founder of Sage Capital in 2004 and partner of the firm. He brings over 20 years of private equity experience at Sage Capital and more than 20 years of M&A and investment banking experience on Wall Street, including senior positions at Goldman Sachs, First Boston (now UBS), The Blackstone Group, and Bear Stearns (now JP Morgan). He served as an adjunct finance professor at Washington University's Olin School of Business from 2001 to 2005 and holds degrees from Amherst College and University of Pennsylvania Law School.

D. Michael Hollo, Jr.· Partner

Partner at Sage Capital since 2024. He previously served as a partner at Moneta Group leading alternative investment practices for family office clients, and held vice president and associate positions at Winona Capital and River Branch Holdings respectively. He holds an MBA from The Wharton School and a BSE from Princeton University.

J. Spencer Finney· Partner

Partner at Sage Capital since 2005. He previously worked at The Northern Trust Company managing retirement plan administration and valuations for large corporations. He holds an MBA from Washington University and a BA from the University of Richmond.

Beth A. Grote· Director of Finance

Director of Finance at Sage Capital since 2025. She brings nearly 30 years of experience from AT&T in corporate, wireless, and directory accounting and financial analysis roles. She is a CPA and holds a BS from the University of Missouri.

Charles A.D. Kern· Analyst

Analyst at Sage Capital since 2025. He is a recent graduate of the University of Virginia with a BS degree.

Max H. Morrison· Analyst

Analyst at Sage Capital since 2024. Previously worked at Armanino LLP, a top 20 CPA and consulting firm, in their CFO Advisory Group. He holds a BA from Saint Louis University.

Investments · 27 tracked

founders shown can be your intro path
1800 Stephenson
Bulk Tank, Inc.
Bulktankincbulktankinc.com
Check Technology Solutions
Checkcorpcheckcorp.comin
DIT-MCO International
Ditmcoditmco.comin𝕏
Imtbrandsimtbrands.comin
Innovative Motion Technologies
K. Hall Studio LLC
Khallstudiokhallstudio.com
Livers Bronze
Liversbronzeliversbronze.comin
Mohawk Lifts LLC
Mohawkliftsmohawklifts.comin
Quest Food Management Services LLC
Questfmsquestfms.comin
Randall Manufacturing LLC
Rcpbillingrcpbilling.com
Revenue Cycle Partners LLC
Safe Fleet
Safefleetsafefleet.net
Schlaflyschlafly.com
Store Supply Warehouse LLC
Storesupplystoresupply.comin𝕏
The Saint Louis Brewery LLC

Frequently asked questions

What stage does Sage Capital invest at?
Sage Capital invests at the Growth, Late Stage stages.
What is Sage Capital's typical check size?
Sage Capital typically writes checks of $5M – $30M.
What sectors does Sage Capital focus on?
Sage Capital focuses on Advanced Manufacturing, Enterprise Software, SaaS, Sector Agnostic.
Where is Sage Capital located?
Sage Capital is headquartered in Saint Louis, US.
Does Sage Capital lead rounds?
Sage Capital typically participates in rounds rather than leading them.

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