Unearthing value.

The Torch Key Asset Management team identifies value in companies navigating moments of complexity—and creates the conditions for realizing their potential.

Our experience runs deep.
Our network reaches wide.

Torch Key Asset Management (TKAM) is a middle-market private equity firm, rooted in years of experience and discipline.
$1.6B
in
equity
deployed at prior firms
20
55+
collective
years
of investing experience

Where we invest

We specialize in control buyouts of complex, transitional, and carveout situations in the middle market.

Food & beverage
Industrial products & services

HOW WE OPERATE

Through intentional diligence and collaboration with management teams and experienced operators, we learn what strengths already exist and where additional support can help drive growth.

Together, we establish a tailored strategy, grounded in a consistent set of operating priorities that we’ve refined over decades.

Expose opportunities for operational improvements 
Partner with experienced operators to enhance the systems in question
Apply a custom framework for shaping organization around accountability
The goal: Transformation that benefits stakeholders and exceeds what management thought possible

Our Core Values

Collaboration & partnership

We work shoulder-to-shoulder with management teams and operating experts to navigate complexity, make informed decisions, and build stronger businesses.

Institutional discipline

We combine rigorous underwriting and risk management with repeatable —yet adaptable —value-creation frameworks, maintaining institutional standards while remaining nimble and execution-focused.

Entrepreneurial determination

Built by operators and investors with a founder’s mindset, we bring urgency, resilience, and accountability to investments and operational challenges.

We earn trust through action without pretension, following through on our commitments with the attitude and execution you can always expect.

Grounded in experience. Grown through partnership.

Kimberly Reed
Co-Founder & Managing Partner

Prior to co-founding Torch Key, Kimberly was a Partner at One Rock Capital Partners, LLC (One Rock), where she was the firm’s first hire. Kimberly was a member of One Rock’s investment committee and in such capacity, played a leadership role along with the rest of One Rock’s investment committee in multiple acquisitions, including a commercial landscaping services business and a branded manufacturer and distributor of bottled water and other beverages. In addition to her investment responsibilities, Kimberly held senior leadership roles within the firm, including oversight of the Los Angeles office. 

Previously, Kimberly was a Principal at American Capital Strategies, where she focused on investments in the medical products and technology, life sciences, and consumer sectors. She sourced, executed, and managed a portfolio of six companies representing more than $600 million of enterprise value.

Kimberly received a B.A. in History and Economics from Columbia University, Columbia College.

Jack Rosenberg
Co-Founder & Managing Partner

Prior to co-founding Torch Key, Jack was an investment professional at One Rock Capital Partners, LLC (One Rock), which he joined in 2014 and became a partner in 2022.  At One Rock, Jack focused on leveraged buyout transactions of complex situations, including corporate carve-outs, operational turnarounds, and industry consolidations, in the food & beverage sector, as well as in business and industrial services and specialty manufacturing. As a Partner, Jack was a member of One Rock’s investment committee.

Prior to joining One Rock, Jack was an Associate at Relativity Capital, a middle market private equity fund.  Prior to Relativity, he was a Financial Analyst in the Industrials Group at Houlihan Lokey.

Jack earned dual B.S. degrees in Finance and Accountancy, with honors, from the University of Illinois at Urbana-Champaign and an M.B.A. from the Kellogg School of Management at Northwestern University.

Jennifer Kwon Chou
Co-Founder and President

Prior to co-founding Torch Key, Jennifer was a Senior Managing Director at The Gores Group (“Gores”), where she oversaw firm strategy and the development of new products and partnerships for over 15 years. In her role, she had management responsibilities over the firm’s origination, capital raising, external communications, and corporate development functions and raised capital across Gores’ investment vehicles, both public and private.

Prior to joining Gores, Jennifer was a Director at Sterling Partners, a private equity firm based in Chicago. Prior to Sterling, she worked in capital markets at Lehman Brothers in New York. She began her career at The Vanguard Group.

Jennifer is a graduate of the University of Pennsylvania and received an M.B.A. from Northwestern University’s Kellogg School of Management.

Recent News

Torch Key Asset Management Launches With Backing From GCM Grosvenor

New Middle-Market Private Equity Firm Focused on Complex, Transitional and Carve-Out Investments in Food and Beverage and Industrial Products and Services Sectors.

WSJ: Midmarket Firm Torch Key Sets Up Shop With GCM Grosvenor’s Support

Founded by alums of One Rock and Gores Group, Torch Key invests in the food and beverage and industrial sectors.

Founder Q&A

A conversation on Torch Key’s philosophy and experience in building institutional platforms and leading complex investments.

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