Labyrinth Capital Partners

What Labyrinth Capital Partners does

Labyrinth Capital Partners is a private equity firm founded in December 2019 in Greenwich, Connecticut, that specializes in GP-Led+ secondary capital solutions for private market stakeholders. The firm provides bespoke liquidity structures including continuation funds, strip sales, fund restructurings and recapitalizations, direct single or multi-asset liquidity solutions, independent sponsor solutions, and special situation secondaries. It targets the smaller end of the GP-Led+ secondaries market, with typical transaction sizes of $50 million or less, and operates principally in North America.

The firm is led by Managing Partner and founder Chris Lawrence, who brings nearly 30 years of financial services and PE experience including prior roles as Co-Head of Global Secondaries at HQ Capital Private Equity, alongside partners Cameron Lee and Tony LaRose, each with 12+ years of financial services experience. The investment team has executed over 100 transactions in the GP-Led+ secondaries landscape. Labyrinth launched its debut fund (Fund I) in December 2019 with a $150 million target and is currently in premarketing for Fund III in 2025 with a $300 million target and a planned portfolio of 30-50 concentrated positions.

The firm generates revenue through traditional PE fund economics, specifically management fees and carried interest charged to limited partner investors across its funds, and supports a portfolio spanning business services, healthcare, consumer, technology, industrial services, manufacturing, and financial services. Distribution is direct, relationship-driven origination with GPs, LPs, family offices, and independent sponsors, supplemented by thought-leadership content in industry publications such as Venture Capital Journal, Carta, Funds Europe, PE Hub, Mergermarket, and Reuters.

Name

Labyrinth Capital Partners

Legal name

Labyrinth Capital Partners

Website

https://labyrinthcapitalpartners.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Labyrinth Capital Partners is a Greenwich-based private equity firm founded in 2019 that provides GP-Led+ secondary capital solutions (continuation funds, strip sales, restructurings) to private market GPs, LPs, family offices, and independent sponsors, typically on transactions of $50 million or less in North America.

Ownership category

akta.pro rank

Product category

Private Equity Secondaries

NAICS

Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Tender Offers & Liquidity Solutions (LP & GP-led) (FSANAFAE)

akta.pro secondary industries

Secondary Directs / Synthetic Secondaries (Preferred Equity, Structured, Strip Sales) (FSANAFAC), Secondary Venture Funds (VC Secondaries) (FSANAAAK), Secondaries Fundraising & Liquidity Intermediation (LP Stakes/GP-led) (FSAEALAG)

Keywords

• Private equity secondaries
• GP-led secondary investments
• Continuation fund transactions
• Private market liquidity
• Secondary capital solutions

Headquarters

HQ city

Greenwich

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. GP-Led+ Secondary Fund Management: The firm manages private equity funds that invest in GP-led secondary transactions, generating returns through carried interest and management fees from limited partner investors.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Labyrinth Capital Partners is a private equity firm that manages funds investing in GP-Led+ secondary transactions in private market assets. The firm provides bespoke liquidity solutions to general partners, limited partners, family offices, and independent sponsors through transaction structures including continuation funds, strip sales, fund restructurings, direct single or multi-asset liquidity, and special situation secondaries, typically targeting transactions of $50 million or less.

Product overview

Labyrinth Capital Partners offers a unified GP-Led+ secondary capital solutions platform designed to provide liquidity to private market stakeholders. The core product encompasses multiple transaction structures including Continuation Funds, Strip Sales, Fund Restructuring/Recapitalization, Direct Single or Multi-Asset Liquidity solutions, Independent Sponsor Solutions, and Special Situation Secondaries. The platform targets the lower end of the market with typical transaction sizes of $50 million or less, focusing on capital preservation and appreciation through flexible, bespoke structuring for diverse private market participants including non-PE stakeholders (early investors, family offices, independent sponsors) and PE stakeholders (funds requiring liquidity, fund restructurings, continuation funds).

Differentiator

Problem solved

Functional benefit

Products and services

• GP-Led+ Secondary Capital Solutions A unified investment platform providing flexible, bespoke secondary capital solutions to private market stakeholders, delivered through transaction structures including continuation funds, strip sales, fund restructurings, direct single or multi-asset liquidity, independent sponsor solutions, and special situation secondaries. Targets general partners, limited partners, family offices, and independent sponsors, with typical transaction sizes of $50 million or less in North America.

Quantifiable outcome

• Over 100 transactions invested in the GP-Led+ secondaries landscape
• +2 more outcomes

Named customers13 records

Segments10 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

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• AlpInvest Partners: Carlyle subsidiary that is a major investor in secondaries including GP-led continuation vehicles. Comparable secondary transaction capabilities but with materially larger fund sizes and broader LP/GP relationships.
• Ardian (Secondaries): Ardian's Secondary Fund of Funds business is a global leader in secondaries, including GP-led continuation vehicles and strip sales. Comparable transaction structures but vastly larger AUM and multi-regional footprint versus Labyrinth's boutique sub-$50M positioning.
• Coller Capital: A pioneering secondaries specialist with a global LP-led and GP-led secondaries platform. Coller is comparable in product offering (secondary fund manager) but operates at significantly larger fund sizes and across multiple geographies.
• Lexington Partners: One of the largest and most established global secondary private equity and alternative investment firms. Directly comparable business model (secondary fund manager) but operates at much larger scale and across a broader set of strategies than Labyrinth's sub-$50M GP-led focus.
• HarbourVest Partners: Large multi-strategy private markets investment manager with a dedicated secondaries practice covering LP-led and GP-led transactions. Comparable in secondaries execution but vastly broader and more diversified product offering.

Direct peers

• Industry Ventures: Specializes in secondary market transactions in venture capital, including LP secondaries and direct secondaries. Highly comparable to Labyrinth's VC-focused continuation fund and strip sale capabilities within its portfolio.
• Aether Investment Partners: A boutique secondary private equity firm focused on GP-led continuation funds, LP secondaries, and direct secondary transactions. Closely comparable boutique secondaries manager with similar deal-size focus and GP-led specialization.
• Pomona Capital: A dedicated secondary private equity investment firm focused on both LP-led and GP-led secondary transactions. Closely comparable boutique secondaries manager, though Pomona operates with larger fund sizes and broader secondary coverage.

Regional players

• NewQuest Capital Partners: Asia-focused secondary private equity firm executing LP-led, GP-led, and structured secondaries. Comparable secondaries business model but primarily Asia-based, complementing rather than directly competing with Labyrinth's North American focus.

Others

• HQ Capital Private Equity: Prior employer of Labyrinth's founder Chris Lawrence, who served as Co-Head of Global Secondaries. HQ Capital is a global private equity firm with secondaries capabilities, and provides direct pedigree and network comparability despite being a much larger multi-strategy firm.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/labyrinth-capital-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about Labyrinth Capital Partners