We know search from every angle
Our team has decades of experience as searchers, operators and investors. Rob acquired UCIT Online Security through his search fund Auxo Management along with his partner, Erik Mikkelsen. Now known as Stealth Monitoring, the business grew to over 2,000 employees across 40 offices in 4 countries during Rob’s 12-year tenure as CEO, eventually reaching $100M+ of ARR. The team raised $300M+ of equity and debt in the process.
Returns were in the top decile among search funds.
We bring learnings from this journey to help the next generation of searchers succeed.
50+
SEARCHERS BACKED
20+
YEARS’ SEARCH INVESTING EXPERIENCE
20+
COMPANIES INVESTED
5+
COUNTRIES
$40M+
AUM
12+
YEARS’ SEARCH OPERATING EXPERIENCE
Meet the team
Rob Cherun
Rob has been an active investor for over ten years. He has invested in over 50 companies and 20 search funds. Prior to founding Legate, Rob was CEO of Stealth Monitoring for 12 years where he led 2,000 employees across 4 countries. Under his leadership, the company grew to become the industry leader in remote monitoring services and a top 10 security company in North America. The company grew at a 35% CAGR over his tenure to over $100 million annual recurring revenue and 40+ offices. During Rob’s tenure, Stealth raised over $300 million of equity and debt.
Prior to Stealth, Rob worked in strategy and business management at Morgan Stanley in New York and as a consultant at McKinsey & Company in Toronto. He has an MBA from the Stanford Graduate School of Business and an Honors Business Administration (HBA) from the Richard Ivey School of Business at the University of Western Ontario, where he was an Ivey Scholar. He received Canada’s Top 40 under 40 award and is a member of YPO NY Metro.
Richard Venn
Richard was Chairman and CEO of CIBC’s Investment Bank, where he created and led the Merchant Banking business and then continued to chair the Investment Committee of CIBC for almost two decades.
Most recently, Richard is a Founding Partner of Further Global Capital Management, a New York-based midmarket private equity firm focused on financial services. Richard has invested directly and indirectly in more than 50 private and Search Fund-originated companies, starting with his investment with Rob in Stealth Monitoring.
Richard has served on more than a dozen private and public company Boards, including as Chair. He received a BASc (Engineering Science) from the University of Toronto and completed his MBA at Harvard.
Will Gallagher
Will joined Legate from the Bain & Co. Private Equity Group, where he advised private investors and hedge fund managers on commercial due diligence and portfolio value creation across industrials, B2B services, consumer, healthcare and software / technology companies. He loves to dig into the weeds of an industry with searchers to help them think through key risks, opportunities and strategies to drive value. Prior to Bain, Will lived in Shanghai, China, where he worked in supply chain for Gap Inc.
Will has an MBA from the Wharton School of Business, where he also received an MA in International Studies from the Lauder Institute. He has a BA (magna cum laude) from Duke University in Asian Studies and Economics.
