Firms

10K Lakes Capital

Bloomington, Minnesota, United States

10K Lakes Capital LLC is a Bloomington, Minnesota alternative investment manager founded in 2020 by members of SightLine Partners. Its own website identifies SightLine as a sister company, and current SEC filings list 10K Lakes as a separate relying adviser under SightLine’s umbrella registration. It structures secondary purchases, portfolio reorganizations and follow-on financing across private-company equity, debt and limited-partnership interests, with a focus on healthcare. The current public directory publishes seven team members. Regulatory filings document five numbered 10K Lakes funds: FundI and FundII fully sold USD26 million and USD106.7 million offerings respectively; FundIII disclosed USD57.5 million sold toward USD88.5 million in March2024; FundV reported USD275,853,391 sold in June2025. FundIV is a verified legal fund whose fundraising amount remains unverified. More than USD1billion of shared committed capital and over200 transferred portfolio positions describe the combined historical platform and are not new fund closes or company cash rounds.

Founded: 2020
Type: Venture capital

Funds5

10K Lakes Fund V, L.P.2025-06-092025-06-09$275M
SEC filing reports USD275853391 sold and no remaining offering. Date is securities-sold disclosure, not independently verified exactclosingday. Current ADV confirms legal manager/relying-adviser fund affiliation.
10K Lakes Fund III, L.P.2024-03-152024-03-15$57M
SEC filing reports USD57500000 sold toward USD88500000, with USD31000000 remaining. This is a partial securities-sold disclosure, not a verified final close. Offeringtarget andAUM are not fundraiseamount.
10K Lakes Fund II LP2021-07-212021-07-21$106M
SEC filing reports USD106700000 sold and no remaining offering. Date is securities-sold disclosure, not independently verified exactclosingday. Current ADV confirms legal manager/relying-adviser fund affiliation.
10K Lakes Fund I LP2020-01-142020-01-14$26M
SEC filing reports USD26000000 sold and no remaining offering. Date is securities-sold disclosure, not independently verified exactclosingday. Current ADV confirms legal manager/relying-adviser fund affiliation.
10K Lakes Fund IV LP——
Legal fund listed under10K Lakes Capital LLC in current June18,2026 umbrella FormADV. Actual cashraised and exactclosingdate not independently verified; reported grossassetvalue is not fundraising.