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lakestreetcapital.com

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Investments

36

Portfolio Exits

6

Funds

3

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 (âÂÂœSecondary DirectsâÂÂ). 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,

United States

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Latest Lake Street Capital News

Lake Street Reinitiates The Arena Group's Coverage With Buy Rating

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 Investments

36 Investments

Lake Street Capital has made 36 investments. Their latest investment was in LucidMedia as part of their Series C on December 12, 2008.

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Lake Street Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/5/2008

Series C

LucidMedia

$8.8M

Yes

8/21/2007

Series C

Silicon Genesis

$23M

Yes

8/7/2007

Series E

SiGen

$23M

Yes

1

6/14/2007

Unattributed VC - II

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$99M

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10

12/22/2005

Unattributed VC

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$99M

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10

Date

12/5/2008

8/21/2007

8/7/2007

6/14/2007

12/22/2005

Round

Series C

Series C

Series E

Unattributed VC - II

Unattributed VC

Company

LucidMedia

Silicon Genesis

SiGen

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Amount

$8.8M

$23M

$23M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

10

10

Lake Street Capital Portfolio Exits

6 Portfolio Exits

Lake Street Capital has 6 portfolio exits. Their latest portfolio exit was Sportvision on October 05, 2016.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/5/2016

Acquired

4

00/00/0000

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10

00/00/0000

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10

00/00/0000

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10

00/00/0000

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10

Date

10/5/2016

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

Acquirer

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Sources

4

10

10

10

10

Lake Street Capital Fund History

3 Fund Histories

Lake Street Capital has 3 funds, including LSC Fund II LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/15/2003

LSC Fund II LP

Secondary Direct/Portfolio

$35M

1

9/8/2003

Lake Street Capital Fund I LP

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$99M

10

LSC Fund III LP

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$99M

10

Closing Date

12/15/2003

9/8/2003

Fund

LSC Fund II LP

Lake Street Capital Fund I LP

LSC Fund III LP

Fund Type

Secondary Direct/Portfolio

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Status

Amount

$35M

$99M

$99M

Sources

1

10

10

Lake Street Capital Team

4 Team Members

Lake Street Capital has 4 team members, including current Controller, Vivian Dang.

Name

Work History

Title

Status

Vivian Dang

Controller

Current

Zachary Abrams

Founder

Former

Gretchen Knoell

Backstage Capital, Digital Island, Bear Stearns, Needham & Company, and Roda Group

Founder, Managing Partner

Former

Denise Davis

Controller

Former

Name

Vivian Dang

Zachary Abrams

Gretchen Knoell

Denise Davis

Work History

Backstage Capital, Digital Island, Bear Stearns, Needham & Company, and Roda Group

Title

Controller

Founder

Founder, Managing Partner

Controller

Status

Current

Former

Former

Former

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