About Lake Street Capital
Lake Street Capital is a leader in the secondary direct market. It is focused on acquiring venture capital, buyout and other private equity positions from existing investors (Ã¢ÂÂœSecondary DirectsÃ¢ÂÂ). The Firm focuses primarily on the technology and business services industries and has acquired positions from major corporations, financial institutions, founders and other institutional investors.Lake Street Capital ("LSC"") targets investments in late stage companies with growing businesses and strong business models. The firm has led spin-outs of entire portfolios and also provided liquidity on individual positions. Transaction sizes range from $1 million to over $50 million.
Lake Street Capital Headquarter Location
655 Montgomery Street, 5th Floor Suite 1850
San Francisco, California, 94111,
Latest Lake Street Capital News
Nov 22, 2021
Lake Street Reinitiates The Arena Group's Coverage With Buy Rating 'With aggregate traffic of over 120M monthly unique visitors, The Arena Group has valuable brands and platforms with monetization potential,' write Lake Street Capital analysts Mark Argento and Jacob Stephan. Author: 'With aggregate traffic of over 120M monthly unique visitors, The Arena Group has valuable brands and platforms with monetization potential,' write Lake Street Capital analysts Mark Argento and Jacob Stephan. The Arena Group ( MVEN ) , parent company of TheStreet and publisher of Sports Illustrated, was given a buy rating by Lake Street Capital as the firm reinitiated coverage Monday. In a note to clients and investors, analysts Mark Argento and Jacob Stephan said that the Minneapolis-based private equity firm had reinitiated coverage of The Arena Group with a buy rating and price target of $1.50. Shares of the Arena Group, formerly known as Maven, closed flat at $.60 Monday, and are up 7.14% in the past week. Naming The Arena Group's work around branded content and new leadership of chairman and CEO Ross Levinsohn, the analysts pointed toward the potential of the platform with significant sports and finance verticals to bring in significant viewership. TheStreet Recommends 10 minutes ago "With aggregate traffic of over 120M monthly unique visitors, The Arena Group has valuable brands and platforms with monetization potential," they wrote. New initiatives in its lifestyle, commerce, NFT, and Metaverse coverage are also expected to bring in monetization opportunities." A week ago, The Arena Group reported that its third-quarter revenue rose by more than 80% to $59.6 million, year-over-year. The company said its advertising revenue increase was primarily due to additional revenue of roughly $6.8 million, generated as a result of a doubling of advertising sponsorships. "Our progress has been significant. We are just getting started," Levinsohn said on a call following the release of the quarterly report. The Lake Street analysts further said that positive cash flow in the third quarter was an "important milestone" for the company. "With its SEC filings up to date and a national stock market listing in its future, we believe The Arena Group won’t be under the radar much longer," Argento and Stephan wrote. "While it took a year longer than anticipated, we believe Arena is in a much better place strategically and fundamentally, and it will likely have been worth the wait." Tags
Lake Street Capital Team
4 Team Members
Lake Street Capital has 4 team members, including current Controller, Vivian Dang.