LFM Capital, a Nashville-based private equity firm, is on the hunt for a CFO after closing its third fund at $307 million. The firm also plans to hire an associate before the end of the year to add to its 18-person roster.
The Roles: As CFO, you will oversee all back-office functions at the firm, including finance, accounting and human resources teams. You will also engage with accounting firms, serve as a resource for portfolio companies, and assist in investor relations and fund administration. You should have at least 10 years of experience in finance or accounting, preferably with a CPA and experience with private equity fund accounting.
As an associate you will assist in due diligence, analyze potential investments, and help monitor portfolio companies. You’ll need a Bachelor’s degree and at least two to three years of experience in investment banking, private equity or a similar role.
The Firm: LFM Capital was founded in 2014 by Steve Cook, a seven-year active-duty Navy veteran, and Dan Shockley, a former executive at several industrial and manufacturing companies. The firm invests in North American manufacturing companies with revenues of $10-150 million and EBITDA of $3-15 million.
The Fund: The firm last month closed its third fund, LFM Capital Partners III LP, at $307 million. According to Cook, every Fund II investor returned for Fund III, along with three to four new LPs. LFM Capital’s second fund closed in October 2018 at $184 million, and its debut fund closed in October 2014 at $110 million.
Hiring History: With the new fund, LFM Capital has promoted Conner Harris to managing director, Jessica Ginsberg to managing director of business development, and Alex Weinstein to senior associate. The firm also added a number of team members over the past year including Associates Lexy Manos, Jack Jeffrey, Dalton Gullett and Ryan Richardson, Business Development Associate David Juneau, and Investment Support Specialist Rosemary Purrington.