Latticework Capital Management
Latticework Capital Management is a Dallas-based private equity firm founded in 2014 that makes control equity investments exclusively in lower-middle-market healthcare companies. It manages $650M+ in AUM across two healthcare-focused funds with 16 portfolio platforms across diverse subsectors.
- Company typePrivate
- Founded2014
- HeadquartersDallas, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Latticework Capital Management does
Latticework Capital Management is a Dallas-based, growth-oriented private equity firm founded in 2014 by Steve Neumann and Kyle Bradford that invests exclusively in lower-middle-market healthcare companies through control equity transactions. The firm manages $650M+ in assets across LCM Healthcare Fund I and Fund II (closed May 2024 at $345M, exceeding its $275M target), with a current portfolio of 16 platform companies spanning behavioral health, dental services, urgent care, aesthetics, workers' compensation treatment, clinical research, life sciences digital media, healthcare consulting/building services, veterinary, and hospice. Latticework executes a systematic buy-and-build strategy, evidenced by 160+ total transactions and 27 healthcare deals completed in 2024 — the most of any PE sponsor in the sector that year.
The firm generates revenue primarily through management fees on AUM (recurring) and carried interest from successful exits (transaction-based), with limited partners comprising a globally diversified mix of endowments, family offices, and fund of funds sourced through exclusive placement advisor Acalyx Advisors. Deal flow originates from the firm's Executive Partnership Program, which targets healthcare executives with defined investment theses, alongside traditional industry relationships and the firm's Executive Advisory Council. The core technology is operational rather than product-based — a structured value creation playbook (Mutual Expectations Pact, Resource Group, operating partners) applied across portfolio platforms — though portfolio company Life Science Connect operates a data-driven B2B digital media platform for the life sciences sector. The firm is led by the two co-founders as Managing Partners alongside Managing Directors Will Fletcher and Ben McCown and a team of approximately 16 professionals across Dallas and Denver, with an upcoming Beacon Behavioral Partners divestiture expected to be the next major realization event.
Latticework Capital Management firmographics
Firmographics- Name
- Latticework Capital Management
- Legal name
- Latticework Capital Management, LLC
- Website
- https://latticeworkcapital.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Latticework Capital Management is a Dallas-based private equity firm founded in 2014 that makes control equity investments exclusively in lower-middle-market healthcare companies. It manages $650M+ in AUM across two healthcare-focused funds with 16 portfolio platforms across diverse subsectors.
- Ownership category
- akta.pro rank
Latticework Capital Management industry classification
Industry- Product category
- Private Equity Healthcare Investing
- NAICS
- Portfolio Management and Investment Advice (52394), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Other Financial Investment Activities (5239), All Other Financial Investment Activities (52399)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)
- akta.pro primary industry
- Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE)
- akta.pro secondary industries
- Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG), Capital Raising Advisory (Equity & Equity-Linked) (FSAEAGAC), Corporate Finance & Capital Advisory (BPAHADAB)
Keywords
Where Latticework Capital Management is headquartered
LocationHeadquarters
- HQ city
- Dallas
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Latticework Capital Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Management Fees: Private equity firm generates revenue through management fees charged on assets under management. The firm manages over $650 million in assets across its funds.
- Carried Interest: The firm earns carried interest (performance fees) from successful portfolio company exits, aligning management incentives with investor returns. Fund II raised $345 million with expectations of generating returns through value creation in healthcare investments.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Institutional investment in private equity healthcare fund |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
Latticework Capital Management product offering
Product offeringCore offering
Latticework Capital Management is a growth-oriented private equity firm that makes control equity investments in lower-middle market healthcare companies. It raises capital from institutional investors through its dedicated funds (LCM Healthcare Fund I and Fund II), deploys that capital via buy-and-build strategies across healthcare providers, pharmaceutical services, medical component and equipment manufacturers, and healthcare business services, and operates an Executive Partnership Program connecting healthcare executives with investment and operating leadership opportunities.
Product overview
Latticework Capital Management is a growth-oriented private equity firm focused exclusively on making control equity investments in the healthcare industry. The firm operates two private equity funds (LCM Healthcare Fund I and Fund II) and maintains a portfolio of healthcare companies across diverse subsectors including clinical research (ACRS), behavioral health (Beacon Behavioral Partners, Restoration Counseling), multi-specialty providers (Institutes of Health, First Medical Associates), business services (Healthcare Building Solutions), aesthetics (Kalon Aesthetics), dental services (SALT Dental Partners), digital media (Life Science Connect), and veterinary services (American Veterinary Group). The firm also offers an Executive Partnership Program for healthcare executives seeking to build and lead transformative businesses. The portfolio companies collectively represent over 160 transactions since the firm's founding.
Differentiator
Problem solved
Functional benefit
Products and services
- LCM Healthcare Fund II A private equity fund targeting control equity investments in lower-middle market healthcare companies exhibiting transformational characteristics, with $345 million in total commitments and the ability to deploy buy-and-build strategies across providers, pharmaceutical services, medical components and equipment, and healthcare business services. Investors include institutional limited partners such as endowments, family offices, and fund of funds.
- LCM Healthcare Fund I A predecessor private equity fund to Fund II focused on control equity investments in lower-middle market healthcare companies, forming the basis of the firm's healthcare investing platform.
- Latticework Executive Partnership Program A program that connects high-performing healthcare leaders with opportunities to build, acquire, and lead transformative businesses, providing institutional support and capital to executives who have defined investment theses and who also serve as a deal-sourcing channel for the firm.
Quantifiable outcome
- Most active PE firm in healthcare with 27 deals executed in 2024
- +2 more outcomes
Companies that use Latticework Capital Management
Customer profileNamed customers9 records
Segments5 records
Ideal customer profiles2 records
Latticework Capital Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Latticework Capital Management partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Hogan Lovells US LLPminorHogan Lovells US LLP served as legal counsel to Latticework for the Fund II closing.
Scale indicators10 records
Recent moves9 records
Expansion highlights6 records
Latticework Capital Management competitors and assessment
Company assessmentDirect peers
- Welsh, Carson, Anderson & Stowe: Healthcare-focused growth PE firm managing multiple dedicated healthcare funds, comparable to Latticework in vertical specialization, lower-middle-market control investments, and healthcare provider/services orientation.
- Frazier Healthcare Partners: Dedicated healthcare PE firm investing across services, pharma services, and medical products with comparable buy-and-build strategies in the lower-middle market. Closely parallels Latticework's sector-exclusive approach and platform-building orientation.
- Linden Capital Partners: Healthcare-exclusive middle-market PE firm focused on healthcare services, pharma services, and medical products. Comparable to Latticework in fund size, healthcare-only mandate, and buy-and-build value creation.
- Avista Capital Partners: Healthcare-focused middle-market PE firm that invests in healthcare services, pharma services, and consumer health. Similar vertical depth and lower-middle-market platform orientation to Latticework.
- Webster Equity Partners: Healthcare-focused lower-middle-market PE firm building platforms in behavioral health, dental, and ancillary services — directly overlapping with Latticework's portfolio subsectors (Beacon, SALT, Kalon).
- Audax Group: Lower-middle-market PE firm with a dedicated healthcare team executing buy-and-build platforms across providers and services. Comparable investment size, sector focus, and platform-building methodology to Latticework.
- Shore Capital Partners: Lower-middle-market PE firm executing healthcare buy-and-build platforms, with overlapping subsegments including dental, behavioral health, and ancillary services. Comparable in fund size and platform-building approach.
Broad incumbents
- TPG Capital: Large multi-strategy alternative asset manager with a dedicated TPG Healthcare practice. Comparable as a healthcare investor at much larger scale, but operates across many industries and geographies beyond Latticework's lower-middle-market focus.
- KKR Healthcare Strategic Growth: KKR's healthcare strategy invests in growth-stage and middle-market healthcare companies. Functions as a broad incumbent with deeper pockets and broader sector reach than Latticework's lower-middle-market mandate.
- New Mountain Capital: Growth-oriented PE firm with a strong healthcare services and pharma services franchise. Operates at a larger fund size and broader mandate but competes with Latticework in healthcare provider and services platforms.
Market position
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Latticework Capital Management social profiles
Digital presenceLatticework Capital Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Latticework Capital Management leadership team
Management profileNumber of profiles
Profiles11 records
Latticework Capital Management subsidiaries and ownership
Company hierarchySubsidiaries12 records
Latticework Capital Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Latticework Capital Management M&A and investment
M&A and investmentM&A3 records
Investments4 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Latticework Capital Management
What does Latticework Capital Management do?
Latticework Capital Management is a growth-oriented private equity firm that makes control equity investments in lower-middle market healthcare companies. It raises capital from institutional investors through its dedicated funds (LCM Healthcare Fund I and Fund II), deploys that capital via buy-and-build strategies across healthcare providers, pharmaceutical services, medical component and equipment manufacturers, and healthcare business services, and operates an Executive Partnership Program connecting healthcare executives with investment and operating leadership opportunities.
Is Latticework Capital Management a public or private company?
Latticework Capital Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Latticework Capital Management founded?
Latticework Capital Management was founded in 2014. It employs 11 to 50 people.
Where is Latticework Capital Management based?
Latticework Capital Management is headquartered in Dallas, United States, in the North America region.
How does Latticework Capital Management make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are carried Interest.
Who are Latticework Capital Management's main competitors?
Direct peers on record are Welsh, Carson, Anderson & Stowe, Frazier Healthcare Partners, Linden Capital Partners, Avista Capital Partners, Webster Equity Partners, Audax Group and Shore Capital Partners. Broad incumbents are TPG Capital, KKR Healthcare Strategic Growth and New Mountain Capital.
Does Latticework Capital Management have an API?
No public API is recorded for Latticework Capital Management.
What industry is Latticework Capital Management in?
Latticework Capital Management's product category is Private Equity Healthcare Investing. Its primary akta.pro industry code is BPAHAOAE, Equity Capital Advisory (Private Equity Placements, Growth Capital), with a secondary code of BPAHADAG, Capital Raising Advisory (Debt/Equity/Private Capital). Its NAICS code is 52394 and its SIC code is 6211.