Lincoln Park Capital Fund
Chicago-based private investment group operating across public markets, PE/VC, and real estate; founded circa 2013 with a 1–10 person team and a recent visible focus on biotech share purchase agreements.
- Company typePrivate
- Founded2010
- HeadquartersChicago, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Lincoln Park Capital Fund does
Lincoln Park Capital Fund is a Chicago-based private investment group operating across three stated strategies: public markets, private equity and venture capital, and real estate. Founded circa 2013 and operating with a small team of 1–10 employees, the firm positions itself as a multi-strategy capital provider with stated global reach spanning more than 17 countries, suggesting cross-border deal sourcing or co-investment activity rather than a purely domestic footprint.
The firm’s most visible recent activity centers on structured equity financings for public issuers via share purchase agreements (SPAs). In April 2026 it entered a $25M SPA with Vaxart, and in May 2026 it entered a $50M SPA with Veraxa Biotech, indicating an emerging focus on clinical-stage life sciences counterparties needing committed equity capital lines. Leadership is concentrated among co-founders Richard C. Vogel (President), Jonathan I. Cope, Joshua B. Scheinfeld, Robert A. Garcia (CFO), and Frederic J. Salchli (CTO and VP), who together appear to run both investment and operational functions.
Economically, the firm combines the economics of a capital allocator — returns driven by equity appreciation, SPA economics, and management or performance fees on undisclosed AUM — with the operating profile of a small platform. No revenue, AUM, or fund-size disclosures are available in the supplied material, and the firm does not disclose AI/ML capabilities, proprietary technology products, or differentiated research infrastructure; its moat rests on transaction track record, counterparty relationships, and the regulatory infrastructure required to operate a multi-strategy investment business.
Lincoln Park Capital Fund firmographics
Firmographics- Name
- Lincoln Park Capital Fund
- Legal name
- Lincoln Park Capital
- Website
- http://www.lincolnparkcapital.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Chicago-based private investment group operating across public markets, PE/VC, and real estate; founded circa 2013 with a 1–10 person team and a recent visible focus on biotech share purchase agreements.
- Ownership category
- akta.pro rank
Lincoln Park Capital Fund industry classification
Industry- Product category
- Equity Financing / Asset Management
- NAICS
- Other Financial Investment Activities (5239), Portfolio Management and Investment Advice (523940)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Small-Cap Equity (Active) (FSAAAIAC)
- akta.pro secondary industry
- Growth Equity Fund-of-Funds (FSANAGAE)
Keywords
Where Lincoln Park Capital Fund is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Lincoln Park Capital Fund business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D
Lincoln Park Capital Fund product offering
Product offeringCore offering
Lincoln Park Capital Fund is a Chicago-based investment group that provides flexible equity financing to public and private companies through share purchase agreements (SPAs). The fund deploys capital across three investment types: Public Markets, Private Equity/Venture Capital, and Real Estate, typically structured as 24-month facilities allowing portfolio companies to sell common stock at prevailing market prices without warrants or other dilutive instruments.
Product overview
Lincoln Park Capital Fund is a Chicago-based investment group offering three core investment products: Public Markets Investment, Private Equity/Venture Capital, and Real Estate Investment. The fund provides equity financing facilities and share purchase agreements to client companies, typically structured as 24-month facilities allowing companies to sell common stock at prevailing market prices. The company operates across multiple global time zones with investments in Canada, US states (California, Washington, Minnesota, New York, Texas, Florida, Pennsylvania, New Jersey, Massachusetts, Maryland), United Kingdom, Greece, Israel, India, Australia, and Switzerland.
Differentiator
Problem solved
Functional benefit
Products and services
- Public Markets Investment
Companies that use Lincoln Park Capital Fund
Customer profileSegments2 records
Ideal customer profiles2 records
Lincoln Park Capital Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Lincoln Park Capital Fund partnerships and signals
Strategic signalScale indicators1 record
Recent moves4 records
Expansion highlights3 records
Lincoln Park Capital Fund competitors and assessment
Company assessmentDirect peers
- Yorkville Advisors: One of the largest dedicated ELOC / committed equity facility providers to small-cap public companies, including biotech. Closest direct peer to Lincoln Park's SPA product given overlapping issuer base, structure (multi-tranche equity lines), and use of discount-to-market pricing.
- Triton Funds: Direct ELOC provider to small-cap public issuers, frequently transacting with clinical-stage biotech and similar high-dilution candidates. Directly comparable to LPC on product structure, target issuer size, and sector focus.
- Iroquois Capital: Long-standing small-cap equity investor that regularly participates in ELOC and registered direct financings for biotech and tech issuers. Comparable to LPC in deal size, issuer type, and use of structured equity purchases.
- GEM Global Yield Fund: Provides structured equity facilities (share subscription facilities) to small-cap and mid-cap public companies globally, with terms similar to Lincoln Park's SPAs (multi-year, market-price drawdowns). Direct competitive overlap on the ELOC product.
- Oasis Capital: Specialist provider of equity lines and convertible financings to small-cap issuers, including biotech and consumer companies. Comparable deal economics (discount pricing, periodic drawdowns) and client profile to LPC.
- Southwell Partners: Provides structured equity financings and ELOCs to small-cap public companies. Operates in the same niche as Lincoln Park with similar transaction sizing and sector exposure.
- K2 Principal Fund: Alternative-asset manager that participates in structured equity and ELOC-style financings for small-cap public companies. Comparable transaction structures and target issuer profile.
- Anson Funds: Multi-strategy fund manager with active participation in small-cap equity financings, including ELOCs and registered direct offerings. Overlaps with Lincoln Park on deal type, size, and biotech-sector exposure.
- Ascendiant Capital Markets: Investment bank focused on small- and micro-cap issuers that also arranges equity lines and committed equity financings. Direct competitive overlap with LPC's biotech and small-cap clientele.
Broad incumbents
- Maxim Group: Full-service broker-dealer and investment bank for small- and mid-cap companies with an active ELOC / committed equity financing practice. Broader product suite than LPC but directly competes for the same issuer mandates.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Lincoln Park Capital Fund social profiles
Digital presenceLincoln Park Capital Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lincoln Park Capital Fund leadership team
Management profileNumber of profiles
Profiles5 records
Lincoln Park Capital Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lincoln Park Capital Fund M&A and investment
M&A and investmentM&A
Investments44 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lincoln Park Capital Fund
What does Lincoln Park Capital Fund do?
Lincoln Park Capital Fund is a Chicago-based investment group that provides flexible equity financing to public and private companies through share purchase agreements (SPAs). The fund deploys capital across three investment types: Public Markets, Private Equity/Venture Capital, and Real Estate, typically structured as 24-month facilities allowing portfolio companies to sell common stock at prevailing market prices without warrants or other dilutive instruments.
Is Lincoln Park Capital Fund a public or private company?
Lincoln Park Capital Fund is a private company. It is classified as unknown and is currently operating.
When was Lincoln Park Capital Fund founded?
Lincoln Park Capital Fund was founded in 2010. It employs 1 to 10 people.
Where is Lincoln Park Capital Fund based?
Lincoln Park Capital Fund is headquartered in Chicago, United States, in the North America region.
Who are Lincoln Park Capital Fund's main competitors?
Direct peers on record are Yorkville Advisors, Triton Funds, Iroquois Capital, GEM Global Yield Fund, Oasis Capital, Southwell Partners, K2 Principal Fund, Anson Funds and Ascendiant Capital Markets. Maxim Group is listed as a broad incumbent.
Does Lincoln Park Capital Fund have an API?
No public API is recorded for Lincoln Park Capital Fund.
What industry is Lincoln Park Capital Fund in?
Lincoln Park Capital Fund's product category is Equity Financing / Asset Management. Its primary akta.pro industry code is FSAAAIAC, Small-Cap Equity (Active), with a secondary code of FSANAGAE, Growth Equity Fund-of-Funds. Its NAICS code is 5239 and its SIC code is 6211.