# L Capital LLC: portfolio, investments and team

> L Capital LLC is a private equity based in United States. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/l-capital-llc (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# L Capital LLC

No observed cheques in the sources we track. That is a limit of our coverage, not a finding about this organisation.

Email

Private equity Unknown New fund $500K, Feb 2026

Growth Buyout Technology Business Services Industrial

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Cheques on record

**No rounds observed yet** A limit of the sources we read, not a finding about the firm.

Pitch L Capital LLC

## What they do

> Direct buyout and growth equity investments in leading middle-market companies From their own website

- **Type:** Private equity
- **Cheque size:** Not stated
- **Stages:** Growth Buyout
- **Sectors:** Technology Business Services Industrial
- **Based in:** San Francisco, United States
- **Cold pitches:** Not accepted

## The record

No rounds observed yet. That is a limit of the sources we read, not a finding about the firm. If it has invested, a round will put it here. [Know a round it was in? Tell us](https://millionrounds.com/corrections?slug=l-capital-llc).

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **3 named**

AA **Anthony Andrew Condino** Chief Financial Officer, Chief Compliance Officer i Form ADV

BS **Barton Scott Foster** Managing Partner i Form ADV

SS **Simon S. Francis** Managing Member i Filing they signed

We also hold **12** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$197M** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** L Capital, LLC
- **SEC number:** CRD 277098

Funds on its Form ADV

**6** private funds, **$156M** in gross assets · filed Mar 2024

- L Capital II L.P. *Private equity* 91 investors $61M
- L Capital III QP L.P. *Private equity* 40 investors $38M
- L Capital I L.P. *Private equity* 58 investors $29M
- L Capital III L.P. *Private equity* 41 investors $13M
- L Capital II Parallel L.P. *Private equity* 20 investors $9.2M
- L Capital Opportunity Fund I L.P. *Private equity* 7 investors $7.0M

## What they claim to have backed

From their own portfolio page (on their website)

**8** of 30 we have independently watched raise

[Duettocloud](https://millionrounds.com/company/duetto)[Gal](https://millionrounds.com/company/gal)[Gonitro](https://millionrounds.com/company/nitro)[Klarna](https://millionrounds.com/company/klarna)[Mirakl](https://millionrounds.com/company/mirakl)[Routeware](https://millionrounds.com/company/routeware)[Switchfly](https://millionrounds.com/company/switchfly)[Xmatters](https://millionrounds.com/company/xmatters) Ascenderhcm Business Centralisgroup Corebt Elemica Ever G2risksolutions Harborglobal Hodesscleanrooms Informatica Junipercares Klwines Micromine Mistplay Orbcomm P3services Revecore Rimkus Servinform Spsglobal Syndigo Triplepointmep

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

New fund on file

**$500K**

raised in Feb 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

**Pitching L Capital LLC?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Quick answers about L Capital LLC

### What does L Capital LLC invest in?

L Capital LLC says it invests in Technology, Business Services and Industrial.

### Is L Capital LLC investing now?

No investments in the last 12 months.

### What kind of investor is L Capital LLC?

L Capital LLC is a private equity firm based in San Francisco, United States.

### How much does L Capital LLC manage?

About $197M, as regulatory assets under management (Oct 2026).

### Has L Capital LLC raised a new fund?

Its latest fund filing with the SEC was in Feb 2026, reporting $500K raised.

### Where does this information on L Capital LLC come from?

From public registers and its own website, checked and rebuilt every night.

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=l-capital-llc) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=l-capital-llc)