Fisher Lynch Capital

What Fisher Lynch Capital does

Fisher Lynch Capital is an independent, privately held investment firm founded in 2003 by Brett Fisher and headquartered in San Mateo, California, with additional offices in Burlingame, Boston, and London. The firm is described as the largest private equity firm dedicated exclusively to co-investing, partnering with leading private equity sponsors across buyout, growth equity, and venture capital strategies. As of March 2026, FLC reports $10B+ in investor commitments, 275+ co-investments completed, and 425+ sponsor deal sources, operating with a team of approximately 22 professionals. Its revenue model is asset management: management fees and carried interest earned on pooled co-investment funds and bespoke Customized Solutions programs offered to institutional LPs (pensions, endowments, sovereign wealth funds) and PE sponsors, with per-deal equity co-investment tickets ranging from $20M to $100M.

The firm's product surface comprises two interconnected lines: flagship Co-Investment Funds that provide institutional investors access to a curated selection of deals alongside leading sponsors, and Customized Solutions that build tailored, mandate-driven portfolios for LPs with specific objectives. Distribution is exclusively direct and relationship-based: FLC works with LPs and sponsors through decades-long partnerships rather than third-party channels, supported by a State Street LP portal, industry-event presence, and a newly professionalized Head of Partner Relations function. Underlying capabilities are a proprietary co-investment evaluation and underwriting process refined over 25+ years, partner-level sponsor coverage across the US, EMEIA, and APAC, and formal commitments through UN PRI and ILPA Diversity in Action signatory status and CCPA-aligned privacy practices. The firm has no disclosed AI/ML or technology-product components; its competitive differentiation rests on deal-flow network, track record, and boutique specialization rather than software or data assets.

Name

Fisher Lynch Capital

Legal name

Fisher Lynch Capital, LLC

Website

https://fisherlynch.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Fisher Lynch Capital is an independent private equity firm dedicated exclusively to co-investments, partnering with leading PE sponsors to deploy $20M–$100M equity tickets for institutional LPs including pensions, endowments, and sovereign wealth funds across three global offices.

Ownership category

akta.pro rank

Product category

Private Equity Co-Investment Management

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (525990)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Joint Venture CVC / Consortium Funds (Multi-corporate) (FSANAHAE)

akta.pro secondary industry

Captive CVC Fund (Dedicated corporate fund structure) (FSANAHAB)

Keywords

• Private equity co-investment
• Co-investment funds
• Institutional asset management
• Fund management services
• Private equity partnerships

Headquarters

HQ city

San Mateo

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Co-Investment Fund Management: FLC manages co-investment funds that provide institutional investors access to premier private equity co-investment opportunities. Revenue is generated through management fees and carried interest from these funds.
2. Customized Investor Solutions: Tailored co-investment programs for institutional investors seeking bespoke portfolios, delivering unique, difficult-to-access private equity co-investments through active funds and customized programs.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Fisher Lynch Capital is an independent private equity firm dedicated exclusively to co-investing alongside leading PE sponsors across buyouts, growth equity, and venture capital. It manages Co-Investment Funds and Customized Solutions that provide institutional investors with curated access to premier private equity opportunities, with equity co-investments ranging from $20M to $100M per transaction. The firm sources deals through a global network of 425+ sponsor relationships and supports investors with rigorous underwriting refined over 25+ years.

Product overview

Fisher Lynch Capital operates as a single-strategy private equity co-investment firm, offering two interconnected product lines: Co-Investment Funds and Customized Solutions. The core Co-Investment Funds vehicle provides investors access to a curated selection of co-investment opportunities alongside leading private equity sponsors across buyout, growth equity, and venture strategies. Customized Solutions extends this capability by tailoring bespoke portfolio programs to meet the specific objectives of institutional investors seeking personalized co-investment arrangements.

Differentiator

Problem solved

Functional benefit

Products and services

• Co-Investment Funds

Quantifiable outcome

• 275+ co-investments completed successfully over 25+ years
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• UN PRI (Principles for Responsible Investment)coreStrategic or Co-development PartnerFLC is a signatory to the UN PRI, demonstrating commitment to responsible investing and ESG integration across investment processes and corporate culture.
• ILPA Diversity in Action InitiativecoreStrategic or Co-development PartnerFLC is a signatory to ILPA's Diversity in Action initiative, upholding high standards for diversity and inclusion in private equity.

Scale indicators6 records

Recent moves1 record

Expansion highlights5 records

Direct peers

• Hamilton Lane: Hamilton Lane is one of the largest dedicated private markets investment firms, with significant co-investment, secondaries, and fund-of-funds capabilities. Directly comparable to FLC given both firms focus on providing institutional investors access to private equity co-investment opportunities alongside leading sponsors.
• StepStone Group: StepStone Group is a global private markets investment firm focused on co-investments, secondaries, and primary fund investments. Directly competes with FLC in providing institutional investors with curated co-investment access and customized solutions.
• Pantheon Ventures: Pantheon is a global private equity fund-of-funds and co-investment manager serving institutional investors. Comparable to FLC through its focus on co-investment alongside leading PE sponsors and customized multi-manager private equity solutions.
• Adams Street Partners: Adams Street Partners is a global private markets investment manager offering primary fund, co-investment, and direct investment solutions. Directly comparable to FLC given its institutional LP focus and co-investment platform.
• LGT Capital Partners: LGT Capital Partners is a global alternative investment specialist with primary fund, co-investment, and secondaries capabilities. Comparable to FLC as a multi-strategy private markets manager serving institutional LPs with curated co-investment exposure.

Broad incumbents

• Lexington Partners: Lexington Partners is a leading secondary private equity and co-investment firm with a much larger AUM and broader product set than FLC. Comparable as a major institutional co-investment and secondaries platform, though more diversified across strategies.
• Neuberger Berman Private Equity: Neuberger Berman's Private Equity Group offers co-investment, secondary, and primary fund solutions to institutional clients. Comparable as a co-investment provider, though within a much larger diversified asset manager.
• HarbourVest Partners: HarbourVest is a global private markets investment firm with primary, secondary, and co-investment capabilities. Comparable to FLC's institutional LP focus and co-investment offering, though with a much broader multi-strategy mandate.
• Blackstone Private Equity: Blackstone is the world's largest alternative asset manager with substantial co-investment capabilities alongside its buyout funds. Comparable as a co-investment partner to institutional LPs, though it operates primarily as a generalist PE sponsor rather than a co-investment specialist.
• Goldman Sachs Asset Management Private Equity: Goldman Sachs Asset Management has a large and growing private equity platform offering co-investment, secondaries, and direct investing. Comparable as a major co-investment provider, though as part of a much larger diversified asset manager.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles24 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fisher Lynch Capital