Carolwood LP is a private equity firm based in Los Angeles, founded in 2014 by principals Andrew Shanfeld and Adam Rubin. The firm focuses on acquiring and repositioning assets with significant growth potential and long-term value, especially in real estate and private equity investments. They aim to unlock value in the businesses and properties they acquire through a selective and hands-on approach to drive lasting growth for their partners and the communities involved.
Recently, Carolwood LP gained attention for acquiring a majority stake in Indian Motorcycle from Polaris. This transaction, expected to close in early 2026, will create an independent Indian Motorcycle company with Carolwood as the controlling owner. Polaris will retain a small equity interest. The deal reflects Carolwood’s strategy of investing in iconic brands with potential for long-term growth and operational repositioning. Indian Motorcycle, a historic American motorcycle brand, will continue to operate as a standalone entity under Carolwood’s leadership, with Mike Kennedy appointed as CEO.
