Firm profile

Pleasant Lake Partners LLC

RINCON, PRCRD 304281Registration Status: ApprovedEffective since July 28, 2023SEC # 801-128498Latest ADV August 28, 2026

Pleasant Lake Partners LLC is an SEC registered investment adviser organized as a limited liability company with a primary office location in Rincon, PR. Its latest Form ADV filing, dated August 28, 2026, reports $2.1B in regulatory assets under management, 19 employees, 1 office, and 11 accounts.

Assets Under Management
$2.1B
Employees
19
Offices
1 office
Total Clients
11

Associated firm names

1 name listed
  • PLEASANT LAKE PARTNERS LLC

Leadership

3 roles identified
CEOJonathan P. Lennon
CCOBenjamin C. Cable
COOBenjamin C. Cable

Advisory services offered

1 types reported
Portfolio management for pooled investment vehicles

Fee models offered

2 types reported
Asset based fees
Performance-based fees

Offices & Contact

Primary office

RINCON, Puerto Rico, United States

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Primary office regionOther reported regions

Shading shows states and countries with reported offices. Cities are listed below; shading does not indicate service coverage.

Puerto Rico

RINCONPrimary office

1 office records listed · 1 total offices reported. Counts can use different reporting dates. SEC filers may list only their largest 25 additional offices.

Contact and digital presence

ADV profile links

Regulatory Assets Under Management Breakdown

Total regulatory assets under management$2.1Bas of August 28, 2026
Discretionary99.7%
$2.1B
100% of total RAUM99.7%
Non-discretionary0.3%
$5M
0% of total RAUM0.3%
Regulatory assets under management are split between discretionary and non-discretionary assets.

Client Coverage Demographics

Top client segmentPooled Investment Vehicles represent 100.0% of total clients.
Top client categories% of clientsClients
1
Pooled Investment Vehicles
100.0%
11

Assets under management Growth by Quarter

Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.

Total AUM$2.1B
Total Accounts11
10Y AUM Change+$1.3B (+169.4%)

Private Funds

Private funds reported by Pleasant Lake Partners LLC

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Employee Growth by Quarter

Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.

Total Employees19
Clients per Employee1:1
10Y Employee Change+14 (+280.0%)

Historical AUM and employee figures reflect available SEC Form ADV filings under this CRD. Filing gaps may reflect registration status changes, dormant periods, state registration periods, firm restructuring, or other reporting changes. Rialytix does not interpolate missing periods.


Ownership

Reported direct and indirect ownership ranges

Each range applies to a separate reported relationship and should not be added together.

Reported ownership ranges

Highlighted bands show the percentage range reported in Form ADV.

0%25%50%75%100%
LENNON FAMILY PR TRUST U/A 7/30/2026Direct owner · Schedule AInterest in PLEASANT LAKE PARTNERS LLC
75%+
JONATHAN PATRICK LENNONIndirect owner · Schedule BInterest in FUND 1 INVESTMENTS, LLC
75%+

Bars represent the reported range at that individual ownership step, not an estimated percentage of the advisory firm. Indirect relationships may refer to intermediate entities rather than directly to Pleasant Lake Partners LLC.

Reported ownership and control details

Form ADV · Filing date 2026-08-28 · Schedules A and B

7 entries
#Owner / person & roleInterest in entityReported interestControl personTitle / status acquiredSource
1JONATHAN PATRICK LENNONCEO & PORTFOLIO MANAGERIndividualPLEASANT LAKE PARTNERS LLCLess than 5%Code NAYesCEO & PORTFOLIO MANAGER08/2012Schedule APDF page 50
2BENJAMIN CHARLES CABLECHIEF COMPLIANCE OFFICERIndividualPLEASANT LAKE PARTNERS LLCLess than 5%Code NAYesCHIEF COMPLIANCE OFFICER01/2022Schedule APDF page 50
3FUND 1 INVESTMENTS, LLCMANAGER OF PLEASANT LAKE PARTNERS, LLCDomestic entityPLEASANT LAKE PARTNERS LLCLess than 5%Code NAYesMANAGER OF PLEASANT LAKE PARTNERS, LLC12/2022Schedule APDF page 50
4LENNON FAMILY PR TRUST U/A 7/30/2026MEMBERDomestic entityPLEASANT LAKE PARTNERS LLC75% or moreCode EYesMEMBER07/2026Schedule APDF page 50
5DANIEL ANTHONY LENNONSPECIAL MANAGERIndividualPLEASANT LAKE PARTNERS LLCLess than 5%Code NAYesSPECIAL MANAGER07/2026Schedule APDF page 50
6JONATHAN PATRICK LENNONMANAGING MEMBERIndividualFUND 1 INVESTMENTS, LLC75% or moreCode EYesMANAGING MEMBER12/2022Schedule BPDF page 51
7DANIEL ANTHONY LENNONTRUSTEE OF THE TRUSTIndividualLENNON FAMILY PR TRUST U/A 7/30/2026Percentage not specifiedCode FYesTRUSTEE OF THE TRUST07/2026Schedule BPDF page 51

Less than 5% may include zero. Code F identifies a role without specifying a percentage. Reported interests may overlap and may not include every owner. Total indirect ownership is not calculated.

Compliance & Disclosures

Filing dated 8/28/2026 4:06:31 PM

Responses were selected by the RIA in its filing. Questions are shortened for readability; “you” refers to the reporting firm, and some questions also cover advisory affiliates.

RIA or supervised-person involvementThe RIA reported that none of the events below involve the firm or its supervised persons.RIA responseNo
AFelonies2 No

In the past ten years, have you or any advisory affiliate:

  • A1Been convicted of or pleaded guilty or no contest to a felony?No
  • A2Been charged with a felony?No
BMisdemeanors2 No

In the past ten years, have you or any advisory affiliate:

  • B1Been convicted of or pleaded guilty or no contest to a misdemeanor involving investments, an investment-related business, fraud, false statements or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, or extortion?No
  • B2Been charged with a misdemeanor of the kind listed above?No
CSEC or CFTC actions5 No

Has the SEC or CFTC ever:

  • C1Found you or an advisory affiliate made a false statement or omission?No
  • C2Found you or an advisory affiliate violated SEC or CFTC regulations or statutes?No
  • C3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • C4Entered an order against you or an advisory affiliate in connection with investment-related activity?No
  • C5Imposed a civil money penalty on you or an advisory affiliate, or ordered you or an advisory affiliate to cease and desist from any activity?No
DOther regulatory actions5 No

Has any other federal regulatory agency, state regulatory agency, or foreign financial regulatory authority ever:

  • D1Found you or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?No
  • D2Found you or an advisory affiliate violated investment-related regulations or statutes?No
  • D3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • D4In the past ten years, entered an order against you or an advisory affiliate in connection with investment-related activity?No
  • D5Denied, suspended, or revoked your or an advisory affiliate’s registration or license, or otherwise prevented association with an investment-related business or restricted activities?No
ESelf-regulatory organization actions4 No

Has a self-regulatory organization or commodities exchange ever:

  • E1Found you or an advisory affiliate made a false statement or omission?No
  • E2Found you or an advisory affiliate violated its rules, other than a violation designated as a minor rule violation under an SEC-approved plan?No
  • E3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • E4Disciplined you or an advisory affiliate by expulsion, suspension, barring association with other members, or otherwise restricting activities?No
FProfessional authorizations1 No
  • FHas an authorization to act as an attorney, accountant, or federal contractor granted to you or an advisory affiliate ever been revoked or suspended?No
GPending regulatory proceedings1 No
  • GAre you or any advisory affiliate now the subject of a regulatory proceeding that could result in a “Yes” answer to any part of C, D, or E?No
HCivil judicial actions and proceedings4 No

(1) Court actions

Has a domestic or foreign court:

  • H(1)(a)In the past ten years, enjoined you or an advisory affiliate in connection with investment-related activity?No
  • H(1)(b)Found that you or an advisory affiliate violated investment-related statutes or regulations?No
  • H(1)(c)Dismissed, pursuant to a settlement agreement, an investment-related civil action brought against you or an advisory affiliate by a state or foreign financial regulatory authority?No

(2) Pending civil proceedings

  • H(2)Are you or any advisory affiliate now the subject of a civil proceeding that could result in a “Yes” answer to any part of H(1)?No

* Metrics are based on the latest available data, including Form ADV filings, brochures, and relationship summaries pulled from the SEC IAPD, and may be subject to change. Learn what is included in the Rialytix data. Please refer to the firm's official disclosures for the most accurate information using their CRD number. This is not investment advice.