GMF Capital Acquires Minority Stake in East Lake Capital Management

5/7/17

GMF Capital LLC announced today that it has acquired a minority interest in East Lake Capital Management LLC, a Dallas, Texas-based investment management firm specializing in real estate and healthcare related investments. Prior to today's investment by GMF, East Lake was wholly owned by Andrew White, who founded the Company in 2015. GMF had previously partnered with East Lake in a series of healthcare investments.

GMF's investment in East Lake is consistent with its strategy of investing in and alongside unique and highly-specialized investment managers. GMF's investment was completed at a pre-money valuation of $95 million.

"We are delighted to be partners with East Lake and to participate in the continued growth of East Lake's business," said Jay Lobell, President of GMF. "This transaction underscores our strategy of identifying and closely partnering with best-in-class investors and operators."

"We are thrilled to expand our relationship with GMF," said Andrew White, founder of East Lake. "They are insightful and principled investors who add tremendous value as partners."

About GMF Capital LLC

GMF Capital LLC is a private alternative investment firm founded in Zurich in 2013. It opened offices in New York in 2015. GMF's growth-oriented investment platforms span several asset classes, including real estate, healthcare and private equity. GMF leverages its extensive institutional and private experience and draws upon a deep and diversified network of operators and capital partners to build varied platforms and investment products. www.gmfcapital.com

About East Lake Capital Management

East Lake Capital Management is an investment management firm specializing in real estate and healthcare related investments. East Lake and certain private equity funds managed by affiliates of East Lake hold interests in properties throughout the United States as both an owner/operator and triple-net-lease landlord.

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