
About Minds Capital
Minds Capital invests in independent sponsor-led acquisitions of businesses in the lower middle market. As investors, operators, vendors, and publishers, the three Minds principals are deeply embedded in the independent sponsor and searcher ecosystems.
Building in public
Minds Capital is a media first investment firm, leveraging content to not only build the brand and deliver value to the independent sponsors, but to occasionally pull back the curtain and share what's it like to build this business.

Launch announcement of Minds Capital

Behind the scenes: Building an Equity Fund for Independent Sponsors
The 3 Founding Partners of Minds Capital

Will Smith
Founder of Acquiring Minds podcast, leading media platform in the EtA ecosystem with ~400 episodes. Co-founded, grew, and led the most widely read real estate publication in Washington, DC.

Max Lummis
Founder of LCS, a certified public accounting firm (QoE, tax, more). Founder and GP of LCS Fund 1, a fund investing into deals by LCS clients. Managing member at FHBC, LLC, a real estate investment holding company.

Niklas James
Independent Sponsor with 3 platforms. Executive Chairman at Service Star Brands, a home services roll-up. Bain & HBS Alumnus.
Sponsors and searchers,
Niklas is a serial independent sponsor with firsthand experience in the dealmaking journey. Will, through the Acquiring Minds podcast, is a leading voice in the search ecosystem. Max, a forensic CPA, specializes in QoE and transaction services for sponsors.
Helping you is our mission. Providing equity through Minds Capital is a natural next step in our commitment to supporting sponsors. We win when you win.
We look forward to working with you.
Warm wishes,



Established, March 2024