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Adviser Profile

As of Date 03/22/2024
Adviser Type - Large advisory firm
Number of Employees 3
of those in investment advisory functions 2
Registration SEC, Approved, 06/10/2016
Other registrations (1)
AUM* 369,879,000 11.76%
of that, discretionary 369,879,000 11.76%
Private Fund GAV* 294,072,000 10.53%
Avg Account Size 184,939,500 11.76%
SMA’s Yes
Private Funds 1
Contact Info 847 xxxxxxx

Client Types

- Pooled investment vehicles
- State or municipal government entities

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
397M 340M 283M 227M 170M 113M 57M
2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count1 GAV$294,072,000

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Brochure Summary

Overview

LFL Advisers, LLC (“LFL Advisers” or “the firm”) is a Delaware limited liability company that was formed in 2005. Its principal place of business is Evanston, Illinois. It serves as the general partner of LFL Partners, L.P., a U.S. investment limited partnership (“LFL Partners”, the “investment fund”, or the “fund”). LFL Advisers also manages a separate account for a US-based institutional investor. Peter C. Lewis is the owner and manager of LFL Advisers and the portfolio manager. As of December 31, 2023, LFL Advisers had total discretionary gross assets under management of approximately $369,879,000. LFL Advisers only manages assets on a discretionary basis. LFL Advisers invests on behalf of its clients primarily in long positions in publicly traded U.S. and non-U.S. common stocks but is authorized to enter into any type of investment transaction that it deems appropriate, provided that it is consistent with the terms of the client’s partnership or separate account agreements. Accordingly, client accounts may also be invested in private securities,
preferred stocks, warrants and rights, corporate debt, bonds, notes or other debentures, convertible securities, “short” equity positions, options, futures, commodities, forward and other derivative instruments, partnership interests and other securities or financial instruments including mutual funds. The investors in the fund and the separate accounts that LFL Advisers manages have no opportunity to select or evaluate any fund investments or strategies. LFL Advisers selects all investments. For any client or prospective client of LFL Advisers or any investor or prospective investor in the fund, it is important that they closely review the applicable offering document or investment management agreement with respect to, among other things, the terms, conditions and risks of investing. LFL Advisers typically does not tailor its services to the needs of any separate account but may agree to comply with certain restrictions on investing as set forth by the account. LFL Advisers’ discretionary authority is limited, however, as described in Item 16.