Lance Etcheverry founded Flat Creek Capital Management, LP to build a purposely diverse portfolio of opportunistic investments in growing private middle-market businesses. Fund I (Flat Creek Capital, LP) closed in 2016, has committed capital of $14m with 79 investors and has made investments in 20 different businesses across economic sectors and geographies. Fund II (Flat Creek Capital II, LP) had its initial close in 2019 and currently has over 55 investors with 2 investments. Fund II remains open until July 2020.

Etcheverry has had a diverse professional career across government, energy/utilities and investment banking. He began his career in 1990 in Washington, DC as a legislative aide to US Senator Lloyd Bentsen and US Congressman Michael A. Andrews. In 1995, Lance joined JPMorgan’s Public Finance Utilities team, where he spent a total of seventeen years, including several years as Group Head. He and his team provided investment banking services to governmentally owned electric, gas and water utilities in the US and Puerto Rico. He also spent three years at an affiliate of Hunt Oil Company evaluating lower middle market private investments.

Early in his career, with his own capital, Etcheverry began employing a disciplined, structured investment strategy focused on private transactions, diversifying from traditional public equities and fixed income. The strategy was centered on supporting highly motivated, proven management teams and lead investors with supplemental growth equity capital. Strongly aligned incentives, diversification, flexibility and an opportunistic mindset have been key principles informing the strategy.

Etcheverry serves on the Board of Directors for the Zyston Corporation, Smart Flour Foods and the SMU Alumni Association. He earned undergraduate degrees in Economics and Political Science from SMU and a MBA from the University of Texas.