Home Our Firm Mission Strategy Current Page: Investments Team Investment Overview LCM provides patient capital in a range of investment scenarios where people, purpose, process, and profit all matter Patient, Purposeful, Flexible LCM is focused on growing its diverse investment portfolio while investing for compounding, risk-adjusted returns across investment cycles. The team seeks to avoid unnecessary risk exposure to any single company, sector, industry, or asset class. In addition to its return objectives, LCM seeks sufficient flexibility for adapting to various market conditions, and exhibits flexibility in investment structure and duration. Importantly, the LCM team makes a concentrated effort to evaluate the people involved in each investment we consider, and how all stakeholders can find purpose and profit in our shared work together. Although open to investments in various stages and structures, LCM most often considers preferred equity direct transactions or co-investments in growing, lower middle market companies with an established operating history, healthy business model, differentiated market presence, and a motivated leadership team with shared values for a thriving culture and a shared financial commitment to the future success of their business. Occasionally, LCM will take a GP stake to help launch a financial services platform, or provide seed capital for a high growth potential start-up. These direct investments most often involve a high level of engagement, Board service, and a long-term approach to partnership and providing creative capital solutions. Private Investment Considerations LCM’s Portfolio Team takes numerous factors into account when assessing each potential partnership, including the following: People First LCM partners with high-performing teams comprised of values-aligned people. We look for talent with a proven track record of success and the strategic and operational focus to maintain results for the long haul. At the end of the day, businesses succeed or fail on the back of the grit, character, and execution of their leaders. Compete to Win We look for businesses with defensible economic moats and competitive differentiation that leads them to compete and win in the marketplace. Our portfolio companies have favorable positioning and sustainable competitive advantages, and they are held accountable to execute on their key strengths and core strategy. Deal Alignment Our firm’s history is rooted in value-oriented investing, and our team negotiates terms and security structure that aligns investors and management to the execution of a shared vision. We aim to protect downside risks for our capital, but that is balanced with seeing management empowered, incentivized, and sharing in achieved outcomes. Human Flourishing LCM is driven by core values of excellence and stewardship for the glory of God and the good of man. Faith-driven spiritual impact, as well as other social impacts, are considered. LCM portfolio companies view culture as a competitive advantage and scale businesses that delight all stakeholders—employees, families, customers, vendors—and inspire others. Conviction and Influence LCM partners with businesses where we gain conviction on what needs to prove true to succeed—in the company’s market, finances, product, and people—and we assess what our role is to help get there. If we can’t add value directly, we identify those in our network or in the investor group who can. Once invested, we broker our influence to contribute to that company’s success. “For I know the plans I have for you,” declares the LORD, “plans to prosper you and not to harm you, plans to give you hope and a future.” Jeremiah 29:11 Representative Private Investments Globally-inspired jewelry brand, with operations in Dallas, TX and Jinja and Nabukosi, Uganda. The company provides life-changing employment for women through vertically-integrated manufacturing in Uganda to make elevated-fashion Akola jewelry. Akola’s name means “she works” in a local Ugandan dialect. The company champions its employees in their creation of beautiful designs to lift up and connect with customers through flagship national retailers as well as Akola.co. LCM has made both convertible debt and preferred equity investments, and was the lead investor in the Series Seed round in 2019. A representative of LCM serves on the Akola Board of Directors. Merchant bank platform serving North American Indigenous peoples, enabling Tribal Nations to capitalize on their tribal rights. The Indigena team brings over 40 years of specialized experience developing Joint Venture opportunities that stem from the Treaty, Traditional Territory, and Reservation rights of Indigenous Nations. JV investments include oil and gas exploration and distribution, oil field services, minerals, water, wind power generation, procurement, and agricultural projects. A representative of LCM serves on the Board of Directors of Indigena Holdings (Indigena’s parent company) and is an Investment Committee member of Indigena Capital. Specialized commercial lender for rural-based companies utilizing the USDA Business & Industry (B&I), Renewable Energy for America, and Community Facilities U.S. government guarantee programs. NAC funds rural development loans of $1mm - $25mm. LCM made an initial preferred equity investment in the specialty lending platform, followed by subordinated debt in support of the company’s balance sheet, and is a regular purchaser of loan participations of the unguaranteed portions of various direct loans. A representative of LCM serves on the company’s Board of Advisors. EXITED (2014) Concrete products manufacturer based in Brooksville, Florida. Products included a portfolio of concrete paver designs, turf block, and engineered retaining-wall block. The business was launched in 2001 and after continuous sequential growth with follow-on investment opportunities to fund expansion for the following 13 years, the business was sold in 2014 to the leading concrete products supplier in the Southeast. LCM Group provided start-up investment capital to back an experienced manufacturing entrepreneur, and then provided additional growth capital to expand the business, including an expansion to a second manufacturing plant. A representative of LCM served on the Company’s Board of Directors. EXITED (2014) Data and telecommunication service provider utilizing cutting edge IP-based network broadband, cloud computing, and information technology services to small and mid-sized businesses across the U.S. Cbeyond launched in 1999, raised $141mm in Series A funding with lead investor Madison Dearborn Partners in 2000, IPO and listed on the NASDAQ in 2005, and subsequently acquired by privately-owned Birch Communications (now Fusion Connect) in 2014 in a take-private transaction. LCM Group provided start-up capital to launch the business in 1999, and subsequently provided additional capital alongside Madison Dearborn Partners in the Series A in 2000. An LCM representative served on the Board of Directors from 2000 - 2014. EXITED (2020) Pest control and lawn care maintenance service platform to residential and commercial customers in the southeastern United States. LCM looks for differentiated private equity “roll-up” strategies like this where experienced leadership guides the acquisition and integration process, tucking smaller businesses into an established platform with best-in-class processes and shared economies of scale and scope. Through Concentric Equity Partners, a long-time LCM investment partner and family office, LCM co-invested in an initial operation with less than $5mm in revenue in 2010. Growing from that initial platform—with more than 80 strategic acquisitions located in three super regions in Florida, Georgia, and North Carolina—EPS grew to be the 15th largest pest control company in the country. The EPS regional platform, with its 23 branches, exited to a global pest control leader at year-end 2020. Dallas Office 2525 Knight Street, Suite 300 Dallas, TX 75219 T: (469) 802-2000 Tampa Office 2805 W. Busch Blvd, Suite 101 Tampa, FL 33618 T: (813) 972-0909