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Third Lake Capital operates as a single-family office, providing comprehensive investment advisory and administrative services. The firm focuses on managing and expanding multigenerational wealth, employing a strategy that involves constructing a globally diversified investment portfolio. It actively seeks and engages with leading partners across a broad spectrum of investment avenues to achieve its financial objectives.
Ron Wanek, the visionary founder of Ashley Furniture and a Forbes-listed billionaire, established Third Lake Capital in 2013. This entity was created to serve as a sophisticated vehicle for the disciplined management of his family's considerable assets and strategic investment interests. Wanek's profound success in building one of the world's largest furniture enterprises directly informed the necessity for a dedicated, long-term wealth management structure.
The firm's core client is the Wanek family, a prominent name among the Forbes 400. Third Lake Capital's overarching vision is rooted in the meticulous stewardship of this capital, striving for its judicious growth and enduring preservation across successive generations. It remains committed to securing diverse global investments, thereby upholding its mandate for holistic wealth management.
Third Lake Capital has 1 tracked investment across 1 company. The latest tracked deal is $42.0M Series B in Covalto in August 2019.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Aug 29, 2019 | Covalto | $42.0M Series B | Goldman Sachs, Pete Casella | John Mack, Argo Ventures, Broadhaven, Hernan Kazah, QED Investors, Supernode Ventures, DON Butler, Wolfson Group |