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Adviser Profile

As of Date 03/28/2024
Adviser Type - Large advisory firm
Number of Employees 24 20.00%
of those in investment advisory functions 24 20.00%
Registration SEC, Approved, 4/6/2017
Other registrations (1)
AUM* 1,106,098,603 25.83%
of that, discretionary 1,058,210,507 27.26%
Private Fund GAV* 1,106,098,603 25.83%
Avg Account Size 158,014,086 25.83%
SMA’s No
Private Funds 7
Contact Info (61 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

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

Recent News

Reported AUM

Discretionary
Non-discretionary
832M 713M 594M 475M 356M 238M 119M
2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count7 GAV$1,106,098,603

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Brochure Summary

Overview

Headquartered in Nashville TN, LFM Capital was founded in May 2014. Stephen C. Cook, Daniel A. Shockley, Chris L. Lin, Gary C. Harris, and Jessica L. Ginsberg are the principal owners of LFM Capital (the “Principals”). LFM Capital provides advisory services to private investment vehicles, including LFM Capital Partners, L.P., LFM Capital Partners II-A, L.P., LFM Capital Partners II-B, L.P., LFM Capital Partners III-A, L.P., and LFM Capital Partners III-B, L.P. all Delaware limited partnerships (the “LFM Funds”). LFM Capital also provides advisory services to LFM Longhorn Opportunity Partners, L.P., a Delaware limited partnership (the “Longhorn Fund”) and LFM Capital (Co- Investment), L.P., a Delaware limited partnership (the “Co-Investment Fund”). The Longhorn Fund and the Co-Investment Fund co-invest in select Portfolio Companies in which the LFM Funds also have invested or are currently investing. The LFM Funds, the Longhorn Fund, and the Co-Investment Fund are collectively referred to herein as the “Funds.” The Funds seek to make privately negotiated lead or control investments in undervalued private North American based lower middle market niche manufacturing and industrial services businesses with enterprise values of $15-$75 million. LFM Capital serves as the Funds’ management company. The general partner of each of the Funds (referred to as the “General Partner” as to that fund) and LFM Capital are related parties under common control. LFM Capital provides discretionary advisory services to the LFM Funds and the Co- Investment Fund and non-discretionary advisory services to the Longhorn Fund, generally seeking to generate long-term capital appreciation for the Funds by advising them as to their investments in lower middle market North American manufacturing and industrial services companies with outstanding growth prospects, in LFM Capital’s view. LFM Capital’s investment advisory services consist of investigating, identifying, and evaluating investment opportunities, structuring, negotiating, and making investments on behalf of the Funds, managing and monitoring the performance of such investments, and disposing of such investments. The Funds invest in private company securities
(“Portfolio Companies”). LFM Capital seeks to generate consistent and attractive financial returns for the Funds’ investors by managing the Funds’ investments in what LFM Capital believes are promising Portfolio Companies with talented management teams. LFM Capital seeks to accelerate such Portfolio Companies’ business growth and value by applying a combination of manufacturing and operational excellence, world class executive leadership and targeted growth expansion strategies. The LFM Funds’ objectives are to generate superior returns through the long-term capital appreciation of lead or control equity and equity-related investments primarily in established small and medium-sized private niche manufacturing and industrial services companies that are doing business primarily in the United States and Canada. The Longhorn Fund’s and the Co-Investment Fund’s objective is to co-invest in select portfolio companies in which the LFM Funds also have invested or are currently investing. Generally, with respect to the Funds, LFM Capital does not tailor its advisory services to the individual needs of investors in the Funds. LFM Capital’s investment advice with respect to each of the Funds is subject to such fund’s investment objectives and guidelines, and LFM Capital has broad and flexible investment authority with respect to the LFM Funds. The terms, investment objectives and strategies applicable to each Fund are set forth in such Fund’s limited partnership agreement and subscription agreement (with respect to each Fund, the “Governing Documents”), which each investor in the applicable fund is required to receive and execute prior to being accepted as an investor in such Fund (“Limited Partner”). The general partner of each of the LFM Funds may enter into “side letters” or similar agreements with certain investors pursuant to which such general partner grants the investor specific rights, benefits, or privileges that are not made available to investors generally. LFM Capital does not participate in any wrap fee programs. As of December 31, 2023, LFM Capital managed $1,058,210,507 on a discretionary basis and $47,888,096 on a nondiscretionary basis.