Hedge Fund - Mill Road Capital Management

Founded in 2004, Mill Road Capital pioneers an innovative investment strategy that applies private equity governance principles to small public companies. This approach is designed to drive value creation by leveraging private equity expertise within the public market landscape. Mill Road's funds utilize a private equity fund structure, enabling investments in publicly traded equity and debt. They provide diverse forms of primary capital to support growth initiatives or facilitate deleveraging, often collaborating closely with management to potentially transition companies to private ownership.

Thomas Lynch is the Founder and Senior Managing Director of Mill Road Capital. Before establishing Mill Road Capital, he held key roles including Founder and Senior Managing Director at Lazard Capital Partners, Managing Director at the Blackstone Group—where he was the inaugural investment professional dedicated to the private equity group—and Consultant and Project Manager at Monitor Company, founded by Michael Porter. Earlier in his career, Mr. Lynch gained experience as an advertising executive at the Interpublic Group of Companies. Currently, Mr. Lynch serves as Chairman of the Board of Rubio’s Restaurants Inc. and sits on the Board of Directors of Vision7 International Ulc and Panera Bread Co. He has also contributed his expertise to numerous private and nonprofit boards. Mr. Lynch graduated with honors from Williams College with a BA in political economy and philosophy, earned an MPhil in politics from Oxford University (graduating top of his class), and holds an MBA from Stanford University.

Mill Road Capital Management is a hedge fund managing discretionary assets totaling $827,442,739, as reported in their Form ADV filed on March 2024. Serving five clients, their most recent 13F filing for Q1 2024 disclosed $230,064,729 in managed 13F securities, with a top ten holdings concentration of 77.3%. The fund's largest holding is in Alta Equipment Group Inc., with 3,058,865 shares held.