Ilia Lotov
LinkedIn Copy
Hey Ilia — congrats on launching Kaizen X. Similar IB → PE background here — been deep in mission-critical B2B services origination lately. Would be good to connect.
Hey Ilia, similar background, weirdly — I'm from Zimbabwe, did growth equity in London, not launching a search fund like Kaizen X. most funds I talk to have a database — PitchBook or Grata — maybe a CRM, and then the origination setup is mostly Excel and email from there. but proprietary deal flow still feels thin. thesis, network, and intelligence never sync into one system — so origination resets every cycle instead of compounding. does origination look different at Kaizen X? — Russ
Hey Ilia, similar background, weirdly — I'm from Zimbabwe, did growth equity in London, not launching a search fund like Kaizen X. most funds I talk to have a database — PitchBook or Grata — maybe a CRM, and then the origination setup is mostly Excel and email from there. but proprietary deal flow still feels thin. thesis, network, and intelligence never sync into one system — so origination resets every cycle instead of compounding. does origination look different at Kaizen X? — Russ
hey Ilia — one more thought on origination. after hitting this wall myself doing growth equity, I ended up building origination infrastructure for funds full-time — Mentmore Capital, Axiom Equity, Noble Rock, a few others. at my old fund we had a solid stack and smart people, and origination still restarted from scratch every cycle. the funds who systematise it early end up compounding deal flow — the ones who don't keep resetting. curious if Kaizen X has cracked that or if it's the same pattern. — Russ
hey Ilia — no stress on any of this. we documented the origination infrastructure we've built across funds — tech stack, workflows, prompts. free to share if it'd be useful at Kaizen X. either way, I'm around if origination ever becomes a conversation worth having. — Russ
Email Copy
Hi Ilia, looks like we share a similar PE path — though I'm from Zimbabwe and ended up doing growth equity in London, not launching a search fund like Kaizen X. most mission-critical B2B services funds I talk to are running on PitchBook or Grata, maybe Affinity, and then basically Excel and email for everything else on the origination side. yet the off-market pipeline stays weirdly thin. the intelligence is all there but it's scattered across tools and inboxes — so nothing compounds into a real origination edge. does origination look different at Kaizen X? Russell searchloop.ai linkedin.com/in/russellt23
hi Ilia — been thinking more about origination. after hitting this wall myself doing growth equity, I ended up building origination infrastructure for funds full-time — Mentmore Capital, Axiom Equity, Noble Rock, a few others. the pattern I keep seeing is that the funds who systematise it early end up compounding deal flow in a way that's really hard to replicate later. happy to compare notes on what's actually moving the needle if you're interested. Russell searchloop.ai linkedin.com/in/russellt23
hi Ilia — something about this keeps rattling around. I hit this exact wall doing growth equity — tonnes of data subscriptions, decent CRM, but nothing connecting it all systematically. spent more time stitching than actually originating. imagine Kaizen X has a way more dialled setup — but figured I'd ask. Russell searchloop.ai linkedin.com/in/russellt23
hi Ilia — completely separate from all that. we've got a PE origination playbook — covers the tech stack, workflow design, prompts, all of it. happy to send it across if it's relevant at Kaizen X. Russell searchloop.ai linkedin.com/in/russellt23
hi Ilia — I'll leave it here. the origination playbook is yours whenever — no expiry on that. I'm deep in this space all day, so if it ever becomes a conversation worth having, I'm around. Russell searchloop.ai linkedin.com/in/russellt23
Prospect Research
## PROSPECT INFORMATION: Name: Ilia Lotov Title: Founder and Managing Principal Fund: Kaizen X Capital Background: Please provide the Profile Data and Posts Data you would like me to process. Once provided, I will generate the summary according to your instructions. Fund details: - Description: Kaizen X Capital is an entrepreneurial investment fund dedicated to acquiring, operating, and growing a B2B services business in the United States over the long term. We focus on mission-critical B2B services companies serving one of several essential industries, such as digital infrastructure, finance, and transportation — sectors that quietly power the economy and stand to benefit from disciplined operations and thoughtful technology adoption—in the United States What we're looking for: - A profitable and growing business that has at least $1.5-2.0mm in EBITDA/SDE - Bootstrapped/founder or family-owned and ready for transition - Non-discretionary or mission critical B2B service product - High customer retention and low concentration - Stable, recurring, and predictable cash flows - Asset light with low capital investment needs If you are a business owner considering succession, or an industry professional interested in connecting, please reach out: ilotov@kaizenxcapital.com - Website: https://kaizenxcapital.com - Location: Cambridge, Massachusetts, United States - Lead qualification: Research: - Query: =Kaizen X Capital Ilia Lotov recent investments fund thesis - Answer: Kaizen X Capital, founded by Ilia Lotov, focuses on acquiring and growing B2B services in the U.S., emphasizing continuous improvement and long-term value creation. The fund targets businesses in sectors like digital infrastructure and finance. Ilia has a background in investment banking and an MBA from MIT Sloan.