Lee Equity Partners
Middle-Market Growth Private Equity Firm
New York City
Category: Mid/Large Cap
Mark: A
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Profile
Lee Equity Partners, LLC is a middle-market private equity firm that partners with entrepreneurs, founders and management teams primarily in the financial and healthcare services sectors. Over nearly two decades the firm has utilized its thematic based investment strategy and deep sector expertise to identify and partner with talented management teams to accelerate growth and build market leading businesses.
The team’s combination of investing and strategic advisory expertise offers a differentiated approach to control investing in lower middle-market private equity: (i) growth investing heritage gained through decades of growth investing experience, (ii) deep sector expertise and operating experience and (iii) strategy consulting capability to support significant in-house strategic due diligence and post-closing value creation.
Awards
2025 Top Private Equity Firms, Top 40 Under 40 Growth Investors
2024 Top Private Equity Firms
Features
Leading Financial Services Growth Investor: Lee Equity’s Mark Gormley
GrowthCap’s RJ Lumba spoke with Mark Gormley on July 2, 2025. Mark is a Partner at Lee Equity Partners, a middle-market private equity firm focused on the financial and healthcare services sectors. He joined the firm in 2006 and previously was a Partner and co-founder of Capital Z Financial Services Partners, a Managing Director at Donaldson, Lufkin & Jenrette, and a founding member of the Insurance Group at Merrill Lynch.
Key People
The team has extensive experience in the Core Sectors over several economic cycles, growth stages, and investment types. The investment team is comprised of 29 investment professionals led by Mark Gormley, Benjamin Hochberg, Yoo Jin Kim, Mark Mauceri, Daniel Rodriguez, Collins Ward, Christian Chauvet, Thomas Holdstein, and Joseph Rotberg (together, the “Partners”). The Partners are supported by 21 experienced investment professionals and finance, compliance, and investor relations professionals. Lee Equity also has relationships with certain senior professionals who provide certain key value-added services in respect of portfolio investments.
Mark Gormley, Partner
Mark Gormley is a Partner on the Financial and Healthcare Services teams.
Prior to joining the firm in 2006, Mark was a Partner and co-founder of Capital Z Financial Services Partners, where he played a leading role in the operations and investment activities of the $5B+ fund complex and shared responsibility for overseeing all the firm’s investment and monitoring activities. Mark was previously a Managing Director at Donaldson, Lufkin & Jenrette and a founding member of the Insurance Group at Merrill Lynch.
Mark is actively involved with several nonprofit organizations including the Board of Trustees of St David’s School and the Latin American Advisory Board of Conservation International. He holds a B.S.B.A. in Finance and Economics from the University of Denver and an M.B.A. from New York University.
Benjamin Hochberg, Partner
Ben Hochberg is a Partner and leads the Portfolio Solutions team.
Prior to joining the firm in 2006, Ben was a Principal at Odyssey Investment Partners, LLC, and at Bain Capital, where he was involved with and led multiple private equity investments across various industries. He was also a member of the team that founded Bain Capital Credit. He began his career at Bain & Company as a Strategy Consultant where he served North American corporate clients on growth strategy, M&A and divestitures and cost management.
Ben is a 20-year rider in the Pan-Mass Challenge to benefit the Dana-Farber Cancer Center. He is a member of the board of directors at White Plains Hospital and The Jewish Communal Fund. He holds an A.B. in Chemistry from Harvard College and an M.B.A. from Harvard Business School.
Yoo Jin Kim, Partner
Yoo Jin Kim is a Partner on the Healthcare Services team.
Prior to joining the firm in 2006, Yoo Jin was a Principal at Bain Capital, where he spent over a decade in the North American Private Equity group across the Boston and New York offices. He was involved in several successful growth buyouts, including Domino’s Pizza, Integrated Circuit Systems, Stream International, Innophos and Wesley Jessen VisionCare. He began his career as a strategy consultant at Corporate Decisions, Inc., focused on growth strategies for clients in business services and healthcare.
Yoo Jin has been involved with several nonprofit organizations including as a current Board of Trustees at The Hockaday School, the Advisory Board to the Dartmouth College Fund Committee, and former Board of Trustees of Grace Church School. He holds an A.B. in Biochemistry from Dartmouth College, where he graduated magna cum laude and was elected to Phi Beta Kappa, and an M.B.A. from Harvard Business School.
Joseph Rotberg, Partner
Joe Rotberg is a Partner and serves as Chief Financial Officer and Chief Compliance Officer of the firm.
Prior to joining the firm in 2006, Joe was a Partner and Chief Financial Officer of Mercer Management Consulting (now Oliver Wyman), where he oversaw all financial functions including accounting operations, financial reporting, treasury and tax across more than 50 offices in 25 countries. He previously served as Regional Controller and later Worldwide Director of Internal Audit at Booz Allen Hamilton. Earlier in his career, Joe worked as an Analyst and Accountant at Salomon Brothers and began his professional career at Coopers & Lybrand (now PricewaterhouseCoopers).
He holds a B.S. in Accounting from the School of Professional Accountancy at the C.W. Post Center of Long Island University, where he graduated cum laude. He is a Certified Public Accountant (NY-Active) and a member of the American Institute of CPAs and the New York State Society of CPAs.
Christian Chauvet, Partner
Christian Chauvet is a Partner on the Healthcare Services team.
Prior to joining the firm in 2014, Christian was a management consultant at McKinsey & Company, where he advised clients across a range of strategic and operational topics.
He holds a B.A. in Government from Harvard College, where he graduated magna cum laude.
Mark Mauceri, Partner
Mark Mauceri is a Partner on the Financial Services team.
Prior to joining the firm in 2015, Mark was a Senior Associate at Corsair Capital. He began his career as an Analyst with UBS Investment Bank in the Financial Institutions Group.
He holds a B.A. in Economics from the College of William and Mary.
Daniel Rodriguez, Partner
Danny Rodriguez is a Partner on the Financial Services team.
Prior to joining the firm in 2009, Danny was an Analyst at Morgan Stanley in the Financial Institutions Group, where he focused on M&A and capital raising transactions across the sector.
He holds a B.A. in Economics and Spanish with a minor in Managerial Studies from Vanderbilt University, where he graduated summa cum laude.
Collins Ward, Partner
Collins Ward is a Partner on the Healthcare Services team.
Prior to joining the firm in 2006, Collins was a Senior Associate Consultant at Bain & Company in the Private Equity Practice, where he advised clients on due diligence and portfolio strategy.
He holds a B.S. in Mechanical Engineering with a minor in Economics from the Massachusetts Institute of Technology and was selected as a US Fulbright Scholar in Engineering in Germany. Collins earned his M.B.A. from Harvard Business School, graduating with high distinction as a Baker Scholar.
Thomas Holdstein, Partner
Thomas Holdstein is a Partner on the Financial Services team.
Prior to joining the firm in 2016, Thomas was an Associate at Oliver Wyman, where he focused on strategy and risk consulting for financial institutions. He holds a B.S. in Finance from Cornell University, where he graduated magna cum laude.
Funds Raised
Lee Equity’s latest fundraise for Fund IV was oversubscribed and including the General Partner commitment achieved its hard cap with total capital commitments of approximately $1.3 billion, exceeding the $1.0 billion target. Fund IV added a diverse group of global investors including family offices, private and public pensions, fund of funds, sovereign wealth funds and insurance companies. Fund IV continues the firm’s nearly two-decade history of investing in and partnering with middle market, growth-oriented companies. Fund IV will continue Lee Equity’s strategy of partnering with founders, entrepreneurs, and management teams to build market leading companies in the financial and healthcare services sectors.
| Fund Name | Size | Date |
|---|---|---|
| Lee Equity Partners Fund IV, LP | $1.3B | 2023 |
| Lee Equity Partners Fund III, LP | $838M | 2018 |
| Lee Equity Partners Fund II, LP | $355M | 2016 |
Key Investments
“Notable” CHANGE TO “SELECT” investments include the most recent investments from the current fund — Fund IV — as well as recent exits in the firm’s current sectors of focus across the portfolio.
Simplicity Group: Invested December 2020, exited December 2024
Sector: Financial Services
A leading wholesale distributor of financial products, providing value-added institutional support for the sale of annuities, life insurance, wealth management and other products.
Atria Wealth Solutions: Invested December 2017, exited October 2024
Sector: Financial Services
A leading Independent Broker Dealer platform that provides technology and operational support services to independent financial professionals, financial institutions and their clients.
K2 Insurance: Invested July 2019, exited May 2023
Sector: Financial Services
A specialty insurance services platform providing underwriting and distribution to P&C carriers.
Captive Resources: Invested October 2012, exited July 2022
Sector: Financial Services
The leading provider of independent consulting services to member-owned group captives.
Summit Behavioral Health: Invested October 2017, exited November 2021
Sector: Healthcare Services
Provider of residential and outpatient substance use disorder treatment services and acute psychiatric care.
Cooper Parry: Invested April 2025
Sector: Financial Services
One of the fastest-growing firms of accountants and business advisers in the UK. Supporting like-minded entrepreneurial businesses across the UK and overseas, providing tech-enabled services covering audit, tax, innovation, tech & high growth, outsourced financial services, law, deals (corporate finance, transaction services and tax) and wealth management.
Axis Insurance: Invested June 2024
Sector: Financial Services
A high growth, specialty commercial P&C brokerage firm serving middle market businesses that operate in industries where specialized knowledge and experience provide a differentiated value proposition for customers.
PCS Retirement: Invested March 2024
Sector: Financial Services
An independent and conflict-free retirement services platform automating the sale, design, valuation and management of retirement plans.
Carisk Partners: Invested December 2023
Sector: Healthcare Services / Financial Services
A rapidly growing provider of claims management services to the workers’ compensation industry, serving carriers, third party administrators and employers.
Sapient Capital: Invested February 2023
Sector: Financial Services
An independent registered investment advisor providing fee-only financial planning, investment advice and family office services to ultra-high net worth families.
Solaris Health: Invested June 2020, exited November 2025
Sector: Healthcare Services
One of the nation’s largest urology-centric multi-specialty physician practice management groups.
Capital Responsibility
Lee Equity recognizes that its investors seek assurance that their capital will be invested responsibly with sensitivity to the environmental and social concerns of the communities in which it operates. The firm also aims to invest in businesses that are managed with due attention to these concerns and governed in a way that supports achieving this outcome. Accordingly, Lee Equity has a dedicated ESG policy outlining initiatives to promote the responsible allocation of capital and mitigate material ESG risks across its investment portfolio. These initiatives include incorporating material ESG issues into decision-making processes for all portfolio companies, integrating ESG considerations into ownership practices, monitoring each portfolio company for ESG-related issues on an annual basis, and fostering transparency regarding the firm’s ESG management approach. The impetus behind these ESG integration efforts reflects Lee Equity’s core principles, supports better service to its stakeholders, and creates value for investors and the entities in which it invests.
The majority of Lee Equity’s investment team consists of former strategy consultants who drive value through a combination of operating experience and financial analysis. As part of managing risk and meeting investor expectations, the firm is committed to managing ESG factors throughout the investment lifecycle. Lee Equity views ESG not merely as a compliance exercise, but as an effective means to manage risk and create opportunities through ownership. In alignment with its commitment to responsible ownership, the firm seeks to encourage its investments to continuously improve their ESG management and performance.
