For purposes of this brochure, the “Adviser” means LongRange Capital, L.P., a Delaware limited
partnership, together (where the context permits) with its affiliates that serve as general partners
of the Funds (as defined below).
The Adviser provides investment supervisory services to investment vehicles (the “Funds”) that
are exempt from registration under the Investment Company Act of 1940, as amended (the “1940
Act”) and whose securities are not registered under the Securities Act of 1933, as amended (the
“Securities Act”). The Adviser currently advises only one Fund but may in the future advise
additional Funds.
The Funds primarily make investments in long-term control or non-control equity, equity-related
securities and other securities with equity components. In accordance with the Funds’ respective
investment objectives, and subject to restrictions and requirements set forth in the Funds’
Organizational Documents (as defined below), investments are generally made in companies
headquartered in North America or certain countries in Europe. The Adviser’s 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 Adviser may serve as
the investment adviser or general partner to the Funds in order to provide such services.
The Adviser provides investment supervisory services to each Fund in accordance with the limited
partnership agreement (or analogous organizational document) of the Fund or separate investment
and advisory agreements (each, an “Advisory Agreement”).
Investment advice is provided directly to the Funds, subject to the discretion and control of the
applicable general partner, and not individually to the investors in the Funds. Services are provided
to the Funds in accordance with the Advisory Agreements with the Funds and/or organizational
documents of the applicable Fund. Investment restrictions for the Funds, if any, are generally
established in the organizational or offering documents of the applicable Fund and Advisory
Agreements (such documents collectively, a Fund’s “Organizational Documents”).
The principal owner of LongRange Capital, L.P. is LRC RQB LLC, which is owned by Robert
Berlin, Managing Partner. The Adviser has been in business since May 2020. As of December
31, 2023, the Adviser manages $1,757,273,000 of client assets.