Co-Founder & Managing Partner
Bart is the Co-Founder and Managing Partner of L Capital. He is an experienced private equity investor and operating partner, having led/co-led more than 35 private equity transactions and business transformations. In aggregate, he has invested more than $375 million in equity capital across various industries.
Bart is also the Co-Founder of both L Capital Advisors, the firm's private equity diligence and advisory business.
Prior to L Capital, Bart was the operating partner responsible for software investments at Marlin Equity Partners. Previously, he led successful investments and business transformations in partnership with leading private equity firms, including Francisco Partners, Battery Ventures, Golden Gate Capital, Warburg Pincus, and TCV. Bart has served as chairman of six companies with annual revenue ranging from $20 million to $650 million. He began his career as a strategy consultant for Booz, Allen & Hamilton and worked as an executive in the technology industry including executive roles at Oracle and Informatica.
Bart currently serves on the Board of xMatters, Inc and as the Chairman of Switchfly LLC.
Bart received an MBA from Harvard Business School (with distinction) and bachelor’s degrees from Stanford University in economics and political science.
Co-Founder & Partner
Simon is a Co-Founder and Partner of both L Capital, a specialty private equity firm, and L Capital Advisors, its affiliated diligence and pre-deal consulting and services firm. Simon is also Co-Founder of Renovata & Company, the global retained executive firm focused on PE as an asset class.
Simon’s expertise as a specialist “headhunter” focused on serving private equity sponsors and their portfolio companies was the genesis for today’s three-part platform: L Capital + L Capital Advisors + Renovata. The strong client relationships at leading GPs, including many Founders and/or Managing Partners, were built over two decades. This market presence generated valuable co-investment opportunities. Francis then teamed up with Bart Foster, previously from Marlin Equity, (his running mate today) to create an investment vehicle. As a member of the investment committee for L Capital, Simon has originated and/or co-led 14 private equity investments across the firm’s two funds (to date).
With 24 years’ experience, Simon has led and completed hundreds of retained search engagements and dozens of pre-deal diligence engagements for 50+ of the Private Equity International (PEI) 300 top firms. By sector, Simon’s focus is Technology, Consumer, Industrial and Business Services sectors. His practice is primarily focused on CEO, CFO and/or Board Director searches for PE-backed companies. Simon is also the firm’s specialist in GP level portfolio operations and “operating partner” searches.
The early to mid-phase of Simon’s career was spent leading international executive search firms. He was a Partner for nine years with CTPartners (formerly Christian & Timbers), where he was the global practice leader for private equity. Previously he spent five years with Heidrick & Struggles, based in London initially and then transferred internally to Menlo Park, California in 1999.
In addition to co-founding Renovata & Company, L Capital and L Capital Advisors, Simon is a Board Director and co-founder of Clockwork, the leading SaaS provider to human capital professionals at investment firms and over 250 retained executive search firms.
A Lord Foley Scholar, Simon graduated with a law degree and a social anthropology minor from the London School of Economics and then went on to Bar School (the Inns of Court School of Law) for training as a barrister. He lives in San Francisco and works at L Capital’s headquarters in the Transamerica Pyramid.
Michael is a Principal at L Capital and is responsible for sourcing and evaluating new investments for the firm. Michael also supports the current portfolio's value creation initiatives and helps manage investor relations as well as fundraising.
Prior to L Capital, Michael worked as a Principal for a boutique private equity advisory and executive search firm. Michael’s practice focused on primarily on technology and business services, managing diligence projects and C-suite/board-level searches for private equity firms and their portfolio companies.
Michael spent his early career in fin-tech and consulting at FactSet Research Systems building and managing investment strategies for large buy side and private equity clients.
Michael graduated with honors from the University of Arizona, Eller College of Management and the McGuire Center for Entrepreneurship.
CFO & Operating Partner, L Capital, L Capital Advisors
Tony is a senior finance and operations executive with extensive private equity experience. Tony serves as the Chief Financial Officer for L Capital, a specialty private equity firm, and L Capital Advisors, its affiliated diligence and pre-deal advisory firm. Tony is also the finance operating partner for L Capital Advisors. His expertise includes, financial planning analysis, cash management, controllership, acquisitions, and strategic initiatives targeting maximization of enterprise value and returns.
Prior to L Capital, Tony served in critical portfolio management functions for Marlin Equity Partners during the firm’s growth of Assets Under Management (AUM) from $50M to $6.5B. Tony helped drive outsized internal rates of return working directly with over 20 Marlin portfolio companies in both North America and Europe.
Tony's involvement focused on the realization of Marlin’s investment theses which includes driving discipline in budgeting, monthly financial and key performance indicators reporting, recurring rolling forecast of profit & loss and other key financial metrics and cash forecasting. His industry expertise includes consumer products, manufacturing, software, technology, telecom, services and many others.
Tony’s prior career includes roles as vice president of finance at Stravina (Consumer Products), director FP&A at Ampad (Consumer Products), director of FP&A at Centis (Consumer Products), and product line controller at HITCO (Aerospace).
Tony has a BS in Finance from Santa Clara University and has a Certificate in Production and Inventory Control.