Carnegie Lake Advisors

Overview

Carnegie Lake Advisors is a private investment firm based in Princeton, New Jersey, specializing in private equity investments. The firm focuses on providing customized asset management services to individuals, corporations, and not-for-profit institutions, aiming to deliver long-term capital appreciation and consistent income generation. They offer Separately Managed Accounts tailored to each client's specific financial needs and goals, ensuring transparency and direct ownership of assets. The firm's investment strategy encompasses various stages, including growth, late stage, pre-IPO, buyout, turnaround, and distressed investments. They target a wide range of industries, such as technology, healthcare, real estate, financial services, consumer goods, energy, industrial, telecommunications, media, transportation, utilities, materials, consumer services, business services, and healthcare services. This diversified approach allows Carnegie Lake Advisors to adapt to different market conditions and client objectives. With a team of experienced professionals, Carnegie Lake Advisors emphasizes personalized service and in-house investment management, avoiding outsourcing to third parties. Clients have direct access to portfolio managers, fostering a collaborative relationship. The firm maintains a clearing and custody relationship with Charles Schwab & Co., Inc., leveraging their resources to enhance client services. Their investment philosophy centers on aligning with clients' best interests, adhering to fiduciary standards, and developing investment plans that clients understand and feel confident in. Carnegie Lake Advisors was established in 2024 and is registered as an investment adviser under the Investment Advisers Act of 1940. The firm operates in Princeton, New Jersey, and serves clients across the United States. They are committed to providing objective, customized asset management services with transparency, ensuring that client assets are always held directly in their accounts, unlike pooled investment vehicles like mutual funds or hedge funds. This structure allows clients to view their individual account holdings online at any time. The firm's leadership includes co-founders Eckart Weeck and Ellen D. Sandler, who serve as President and Senior Executive Vice President, respectively. Other key team members include Ryan MacWright, CFP, Head of Operations; Bruce Altschuler; Cheri Harris; Philip J. Kiernan, Jr.; and Richard Martino. Each team member brings a wealth of experience and expertise to the firm, contributing to its commitment to delivering personalized and effective investment solutions to its clients.