Who We Are

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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, V and VI are structured as a Limited Partnership with 45 senior business executives.

  • General Partner: John Lilly

    Former P&G executive/ Pillsbury CEO

    John Lilly has an extensive background in business management, having built more than 50 branded businesses in 25 countries over 27 years; as an executive at Procter & Gamble and then as the CEO of The Pillsbury Company. John began his career at P&G in 1976 and was responsible at one time or another for almost all of Procter’s laundry, paper, food and beverage brands. This culminated in a six year assignment as Regional Vice President in Frankfurt, Germany, where John had managerial scope for the paper and beverage businesses in P&G’s Europe, Middle East and Africa Division. His experience base includes responsibility for Pampers®, Pringles®, Punica®, Cheer®, Always®, Folgers®, Gain®, Duncan Hines®, Sunny Delight® and Dawn®.

Team

  • Tim Kost

    Lateral Capital LP and Managing Director

    Tim Kost is both an LP and Managing Director of Lateral Capital IV, V and VI. He has extensive experience as a CFO/General Manager in smaller companies.

  • Michelle Ballentine

    Fund Manager

    Michelle Ballentine is Lateral Capital's Fund Manager, responsible for all day-to-day operations of the Funds. She has extensive experience in investment management for Ameriprise, Equity Services (a subsidiary of Fidelity) and Smith Barney (now known as Morgan Stanley).

Limited Partners

  • Harry Kangis

    Co-Founder/General Manger, One Page Solutions, LLC

    Cincinnati, OH

  • Chad Keck

    Vice Chair, Needham & Company

    Freeland, WA

  • Jim Lawrence

    Former CFO of Northwest Airlines, General Mills and Unilever, NV / Former CEO of Rothschild North America

    Minneapolis, MN

  • Jim Campbell

    Retired Chairman, Wells Fargo Minnesota

    Minneapolis, MN / Naples, FL

  • Cliff Anderson

    Retired Owner, Crown Iron Works

    Minneapolis, MN

  • Jeff Ansell

    Senior Advisor at Vestar / Executive COB of IRI Worldwide / Former CEO, Pinnacle Foods and Sun Products

    Greenwich, CT

  • Tom Malkoski

    CEO, Penford Corporation / Former Managing Director, Chiquita Brands Int'l

    Chicago, IL

  • John Pepper

    Retired President, CEO and Chairman, The Procter & Gamble Company / Former COB, The Walt Disney Company

    Cincinnati, OH

  • Tom Moore

    Former President, P&G Health Care / CEO of multiple Early Stage companies

    Philadelphia, PA

  • Henry Cousineau

    Founder of Novus Marketing (currently Omnicom) / Restauranteur

    Minneapolis, MN

  • Steve Gold

    Former General Counsel, Tropicana Products, Inc.

    Longboat Key, FL

  • Cathy James Paglia

    Director, Enterprise Asset Management, Inc.

    Greenwich, CT

  • Mike Murray

    Retired President Global Corporate & Investment Banking, Bank of America

    San Francisco, CA

  • Tim Ingrassia

    Co-Chair of Global Mergers and Acquisitions, Goldman Sachs Group

    New York, NY

  • Dan Glunt

    Investor/Entrepreneur / Mediocre Fisherman

    Vero Beach, FL

  • David Cohen

    Executive Vice President/COO, Standard Oil

    Fairfield, CT

  • Joy Lindsay

    President and CEO, Startec Investments Long-time Early-Stage Investor

    Naples, FL

  • Greg Bonifield

    Principal, Woodfield Development

    Isle of Palms, SC

  • David Welle

    Board Chairman, Second Heart Homes, Inc.

    Sarasota, FL

  • Drayton Saunders

    President, Michael Saunders & Company

    Sarasota, FL

  • Megan Hawgood

    Website Contractor

    Bainbridge Island, WA

  • Jeff Liter

    Multi-Company CEO, Health Care Biologics

    Minneapolis, MN

  • Conrad Szymanski

    Board Member, Beall's Inc.

    Sarasota, FL

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Lateral Capital
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