Who We Are
Launched in 2003, Lateral Capital is the Early Stage investment business of former Pillsbury Company CEO and long-time Procter & Gamble executive, John Lilly. The first two Lateral Capital funds were all “personal money,” invested in parallel with other interested investors, including Tom Moore and Steve Gold. Lateral Capital III is a partnership with former P&G colleague Jeff Ansell. Lateral Capital IV is structured as a Limited Partnership with 15 senior business executives and Tim Kost as both LP and Managing Director.
For Lateral Capital V, now underway, the objective is to further broaden the base of accredited Limited Partners, to a total of 25-40 LPs and our first institutional investors. For the first time in Lateral Capital V, we will also offer a special program to encourage CEOs in past and present Lateral invested companies to be LPs in the Fund.
General Partner
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John Lilly Former P&G executive/ Pillsbury CEO
Limited Partners
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Tom Moore Former President – P&G Health Care CEO of multiple Early
Stage companies -
Steve Gold Former Tropicana General Counsel
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Tim Kost Lateral Capital LP and
Managing Director -
Jim Lawrence Former CFO of Northwest Airlines, General Mills and Unilever, NV. Former CEO of Rothschild
North America -
Jeff Ansell Former CEO of PE-backed Pinnacle Foods and Sun Products; now Senior Advisor at Vestar (Co-investor with John Lilly since 1996)
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Jim Campbell Retired Chairman, Wells Fargo Minnesota; EVP, Wells Fargo NA
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John Pepper Retired President, CEO and Chairman of The Procter &
Gamble Company. -
Tim Ingrassia Co-Chairman of Global Mergers and Acquisitions, Goldman Sachs Group
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Tom Malkoski CEO of Penford Corporation and former Managing Director, Chiquita Brands International
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Cliff Anderson Retired Owner, Crown Iron Works (Global supplier of oil seed crushers/and processors)
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Cathy James Paglia Director, Enterprise Asset Management, Inc. (Private Asset Manager with investments in oil, gas real estate, public and
private companies) -
Chad Keck Vice Chair, Needham & Company,
Palo Alto -
Harry Kangis Former President, Millstone Coffee Company and Co-Founder/CEO of One Page Solutions
(Strategy consultancy) -
Mike Murray Retired Head, Bank of America Global Wholesale Bank
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Henry Cousineau Chair and CEO of Entropy Solutions (Developer of phase change technology); Founder of Novus Marketing; sold to Omnicom in 2000
