Managers/Private equity/Minnesota/Northern Lakes Capital

Northern Lakes Capital

Northern Lakes Capital is a private equity manager in Minneapolis, MN. It is registered with the SEC as an investment adviser with $575.4M in regulatory assets and 11 staff. It has 2 funds on file, the latest reported in December 2025.

Funds on file
2
Raised, all funds
$162.3M
Regulatory assets
$575.4M
Staff
11
Pension investors
None found
See the adviser's own filing →

Latest fund filing

Funds

DateFundTypeRaisedTarget
Dec 2025 Northern Lakes Capital Fund V, L.P. Private equity $0 Not given
Oct 2022 Northern Lakes Capital Fund IV, L.P. Private equity $162.3M $200M

Adviser record

RegistrationRegistered with the SEC as an investment adviser.
Regulatory assets$575.4M
Employees11
Clients7 private funds.
Control personsJoel, Vincent Grebenick, Kelly, James Horner, Charles, Bernard Lannin, Kasey, Thatcher Sime.
Private funds4 private funds holding $232.2M in gross assets.

Private funds it reports

FundTypeGross assets
Northern Lakes Capital Fund IV Private equity $209.9M
Nlc-gfs Co-invest Private equity $12.9M
Northern Lakes Capital Fund Iv-a Private equity $6.3M
Nlc-e.a. Quinn Co-invest Private equity $3.1M