Matt Thornton

Founder & Partner L3 Capital

Matt joined the Thorntons’ team in 1995 and has served as the company’s Chief Executive Officer since 2001. In this position, Matt is responsible for leading Kentucky’s largest privately-held corporation which owns and operates 181 gasoline and convenience stores in Kentucky, Illinois, Indiana, Ohio, Tennessee and Florida. The company also operates a commissary, fuel terminal and transportation group to support its retail business. In 2008, Matt founded L3 Capital. Based in Chicago, L3 Capital is a private equity real estate firm targeting institutional quality, core plus and value-add, urban retail investments within first tier United States markets. The company has raised two programmatic funds and invested more than $500MM.

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Matt graduated from the University of Alabama in 1993 with a B.S. in Finance. He currently serves as Chairman of the Waterfront Development Corporation and a trustee of Bellarmine University. Matt’s previous business, civic and charitable appointments include Chairman of Gallopalooza and Chairman of the Metro United Way’s Alexis de Tocqueville Society. He has also served on the boards of PNC Bank of Kentucky, the Muhammad Ali Center, Jefferson County Public Education Foundation, Louisville Free Public Library Foundation, Louisville Community Foundation and the Crusade for Children Foundation. Matt is married to Fran Thornton and the couple has three children.