Emerald Lake Capital Management, L.P.
- Regulatory AUM
- $3.1B
- Discretionary
- $3.1B
- Clients
- 15
- Avg AUM / client
- $204M
- Accounts
- 15
- Employees
- 15
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Apr 27, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 15 | $3.1B | 100.0% |
Private funds (11)
Reported in Form ADV Section 7.B.(1), filing of Nov 2024 · $1.2B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Emerald Lake Grizzly Acquisition I, L.P. | Private Equity Fund | Delaware | $310M | 10 |
| Emerald Lake Packaging Acquisition I, L.P. | Private Equity Fund | Delaware | $138M | 5 |
| Emerald Lake Pearl Holdings, Llc | Private Equity Fund | Delaware | $125M | 2 |
| Emerald Lake Pearl Acquisition A, L.P. | Private Equity Fund | Delaware | $106M | 4 |
| Emerald Lake Edison Acquisition, L.P. | Private Equity Fund | Delaware | $99.6M | 9 |
| Emerald Lake Pearl Acquisition, L.P. | Private Equity Fund | Delaware | $95.3M | 7 |
| Emerald Lake Maverick Holdings, Llc | Private Equity Fund | Delaware | $87.9M | 2 |
| Emerald Lake Mcg Acquisition, L.P. | Private Equity Fund | Delaware | $61.7M | 7 |
| Emerald Lake Edison Acquisition A, L.P. | Private Equity Fund | Delaware | $57.1M | 5 |
| Emerald Lake Maverick Acquisition, L.P. | Private Equity Fund | Delaware | $46.7M | 9 |
| Emerald Lake Pd Acquisition, L.P. | Private Equity Fund | Delaware | $38.9M | 6 |
People (2)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Lukas, Daniel, Claude | Managing Partner | Feb 2018 (9y) | ≈ 0% – 5% via Emerald Lake Capital Management Ugp, Llc | |
| Gray, Madeleine, Jeannie | Chief Compliance Officer & Chief Financial Officer | Jan 2024 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Emerald Lake Trust | Limited Partner | Jun 2021 | A | 75% or more |
| Emerald Lake Capital Management Ugp, Llc | General Partner | May 2019 | A | Less than 5% |
| Commonwealth Trust Company | Trustee | Jun 2021 | B | GP / trustee / elected manager of Emerald Lake Trust (indirect) |
Undisclosed: 0% – 20% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Lukas, Daniel, Claude: 75% – 100% of Emerald Lake Capital Management Ugp, Llc × 0% – 5% direct ≈ 0% – 5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (11, $1.2B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Emerald Lake Grizzly Acquisition I, L.P. | Private Equity Fund | $310M | $0 | 10 |
| Emerald Lake Packaging Acquisition I, L.P. | Private Equity Fund | $138M | $0 | 5 |
| Emerald Lake Pearl Holdings, Llc | Private Equity Fund | $125M | $0 | 2 |
| Emerald Lake Pearl Acquisition A, L.P. | Private Equity Fund | $106M | $0 | 4 |
| Emerald Lake Edison Acquisition, L.P. | Private Equity Fund | $99.6M | $0 | 9 |
| Emerald Lake Pearl Acquisition, L.P. | Private Equity Fund | $95.3M | $0 | 7 |
| Emerald Lake Maverick Holdings, Llc | Private Equity Fund | $87.9M | $0 | 2 |
| Emerald Lake Mcg Acquisition, L.P. | Private Equity Fund | $61.7M | $0 | 7 |
| Emerald Lake Edison Acquisition A, L.P. | Private Equity Fund | $57.1M | $0 | 5 |
| Emerald Lake Maverick Acquisition, L.P. | Private Equity Fund | $46.7M | $0 | 9 |
| Emerald Lake Pd Acquisition, L.P. | Private Equity Fund | $38.9M | $0 | 6 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/27/2026 | 4.44 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports it does not have custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 27, 2026.
View current Form ADV (SEC/IAPD) ↗