Our Team

Our team of professionals and staff are committed, creative and collaborative.

We work jointly with highly skilled and experienced advisors who provide leadership and guidance to investee companies. We take pride in creating opportunities that generate exceptional returns for our investors.

Lex Capital has created a unique organization designed to promote top performance by combining the best of individual strengths and teamwork.

With diverse and complementary backgrounds consisting of operational, entrepreneurial and financial expertise, our team prides itself on diligent and efficient investment evaluations and active management of our investment portfolio.

Unitholder alignment is paramount to Lex Capital. Management invests significant amounts of their capital (on identical terms) alongside its investors in all fund offerings.

Lex Capital Management Team

E. Craig Lothian

E. Craig Lothian

Executive Chair

E. Craig Lothian

Executive Chair

Mr. Lothian obtained his B.A. (1986) and LL.B. (1988) from the University of Saskatchewan and rose to partnership of a Regina-based law firm prior to entering the energy business. Prior to founding Lex Capital in 2009, Mr. Lothian founded a series of successful private oil companies, serving as CEO of the first three and then Executive Chair of the fourth. Those companies (Keystone Energy Inc., Keystone Energy Corp., Villanova Energy Corp. and Villanova Resources Inc.) sold for collective proceeds in excess of $300 million and generated a 3.7X Gross Multiple for initial investors.

Mr. Lothian was a founder and Executive Chair of Villanova Oil Corp. (an investee of LCP and LEP), which was initially capitalized in July 2010 and sold in April 2013 to Legacy Oil + Gas Inc. for $124 million. Mr. Lothian was also a founder and Executive Chair, and from September 2015 until its sale in July 2018, Acting CEO of Villanova 4 Oil Corp. (an investee of LEP, LEP II and LEP III). Villanova 4 (initial capitalization in July 2012) was sold in July 2018 to TORC Oil & Gas Ltd. for approximately $67 million. Additionally, in April 2022, Topaz Energy Corp. acquired Keystone Royalty Corp. (a private land and royalty company that Mr. Lothian founded and led as the President/ CEO and Chair) for $96 million, equating to a 24.9X Gross Multiple for initial investors.

In addition to being the majority shareholder and Executive Chair of Lex Capital, Mr. Lothian sits on the Board of Lex Capital Corp. (a multi-family office) and is the Chair of Villanova Energy Inc.

Dean Popil

Dean Popil

Managing Partner & CEO

Dean Popil

Managing Partner & CEO

Mr. Popil is a Managing Partner and the Chief Executive Officer of Lex Capital. Dean holds a B. Admin (Distinction) from the University of Regina, the Chartered Business Valuator (CBV) designation and the Chartered Financial Analyst (CFA) designation and is a recipient of the Governor General's Medal of Canada. Mr. Popil has been actively involved in managing numerous private equity and venture capital funds over the last 22 years. Mr. Popil is responsible for managing all the due diligence and underwriting of investment opportunities as well as he is actively involved in sourcing new deals, negotiating and structuring terms and raising capital. Mr. Popil currently sits on the Boards of Artis Exploration Ltd. and Durham Creek Exploration Ltd. and is a Member of Leaders Council at the Hill and Levene Schools of Business, University of Regina.

Curtis Armstrong

Curtis Armstrong

Managing Partner & CFO

Curtis Armstrong

Managing Partner & CFO

Mr. Armstrong is a Managing Partner and the Chief Financial Officer of Lex Capital. Mr. Armstrong obtained a Bachelor of Science degree in Management and Finance (Distinction) from Minot State University where he was a three time All-American in track and field. Mr. Armstrong holds the Chartered Financial Analyst (CFA) designation and has over 21 years of private equity and corporate finance experience. Mr. Armstrong is responsible for financial, accounting and compliance activities as well as assisting with due diligence and underwriting of investments. Mr. Armstrong currently sits on the Board of Archer Exploration Corp.

Ryan Thompson

Ryan Thompson

Vice President, Investments

Ryan Thompson

Managing Director

Mr. Thompson is the Vice President, Investments at Lex Capital, where he is responsible for the due diligence, underwriting and monitoring of investments. Mr. Thompson has 17 years of experience in capital markets and the oil and gas industry. Prior to joining Lex Capital, Mr. Thompson was a Senior Analyst at the Ross Smith Energy Group (“Ross Smith”) in Calgary, a former boutique, independent oil and gas research firm. At Ross Smith, Mr. Thompson was primarily responsible for conducting research on various oil and gas plays and companies across western Canada and the U.S. Mr. Thompson obtained a Bachelor of Administration from the University of Regina and holds the Chartered Financial Analyst (CFA) and Chartered Business Valuator (CBV) designations.

Tyler Mueller

Tyler Mueller

Analyst

Tyler Mueller

Analyst

Mr. Mueller is an Analyst at Lex Capital, where he is responsible for assisting in the due diligence, underwriting and monitoring of investments. Mr. Mueller obtained a Bachelor of Science degree in Finance (Summa Cum Laude) and Master of Science in Finance from the University of Massachusetts Lowell where he played on the men's hockey team for four years, including serving as captain in his final year. Mr. Mueller holds the Chartered Financial Analyst (CFA) designation.

Sally Nameth

Sally Nameth

Controller

Sally Nameth

Controller

Ms. Nameth is the group controller for Lex Capital and the various funds under management. Ms. Nameth has over 19 years of private equity and venture capital accounting and fund administration experience. Previously, she was the Controller for a venture capital management firm. Ms. Nameth brings a strong financial and regulatory background from previous experience in the credit union system.