Fifth Lane Capital, LP (“Fifth Lane” or the “Investment Manager” is a Delaware limited
partnership that was formed in February 2020.
Fifth Lane Partners Fund, LP (“Partnership” or the “Client”), a Delaware Limited
Partnership, was formed to pool investment funds of its investors (each, a “Limited
Partner” and, collectively, “Limited Partners”) for the purpose of investing and trading
in a wide variety of securities and financial instruments.
Fifth Lane is the investment manager of the Partnership and has discretionary investment
authority over the Partnership’s assets.
Fifth Lane may also provide investment advisory services to one or more separately
managed accounts (each an “SMA” and collectively the “SMAs”).
Fifth Lane GP, LP, a Delaware limited partnership (“General Partner”), is the general
partner of the Partnership and is responsible for the management of the Partnership’s
affairs. The general partner of the General Partner and Fifth Lane is Fifth Lane Capital GP,
LLC, a Delaware limited liability company.
As the managing member and controlling person of Fifth Lane and the General Partner,
Cavan Copeland (the “Principal”) controls all of Fifth Lane’s and the Partnership’s
operations and activities, as well as serving as the Portfolio Manager for the Partnership.
Kershner Trading Group, LLC (“Kershner”), is also a Partner of Fifth Lane.
Fifth Lane manages the Partnership pursuant to investment guidelines set forth in the
relevant governing and offering documents of the Partnership, including any limited
partnership agreement, investment management agreement, private placement
memorandum, or subscription agreement (collectively, the “Offering Documents”). The
Offering Documents contain more detailed information about the Partnership and Fifth
Lane’s management approach, including a description of the investment objective and
strategy or strategies employed by Fifth Lane and the Partnership and related restrictions
that serve as a limitation on Fifth Lane’s and the Partnership’s advice or management.
If Fifth Lane is to manage an SMA, it shall be pursuant to an investment management
agreement with the particular SMA.
The Partnership’s investment objective is to seek to achieve superior investment returns
with low volatility and low correlations to major equity indices (i.e.,
S&P 500, NASDAQ)
and the broader market through implementing a variety of systematic trading and event-
driven portfolio strategies, including those focused on index and exchange-traded funds
(“ETFs”) rebalances, corporate actions and other short-term market catalysts.
The Partnership employs a global equity long/short event-driven strategy which generally
seeks to identify catalysts that create short-term liquidity and price dislocations that are
unrelated to the normal market supply/demand dynamics and the underlying security
values. It is Fifth Lane’s belief that, while markets are generally efficient, certain discrete
catalysts can create structural imbalances that temporarily upset this efficiency, and that
such events can be consistently analyzed, modeled and exploited through implementing
trading strategies designed to capture the discrete alpha created by such events. Fifth Lane
believes that the systematic nature of its investment strategy should make it possible to
provide the Partnership with relatively consistent returns through constructing a portfolio
which is highly liquid and easily scalable, with minimal capital constraints.
Information about Fifth Lane’s advisory services is included in this Brochure and is
qualified in its entirety by information contained in the Offering Documents.
Fifth Lane does not tailor its advisory services to the individual or particular needs of
Limited Partner(s). Such Limited Partner(s) will accept the terms of advisory services as
set forth in the Offering Documents of the Partnership. Fifth Lane has broad investment
authority, and as such, Limited Partners should consider whether the investment objectives
of the Partnership will be in line with their respective individual objectives and risk
tolerance prior to making an investment.
In addition to serving as the Portfolio Manager of the Partnership, Mr. Copeland is an
employee of Kershner. As an employee of Kershner, Mr. Copeland is responsible for
trading a portion of Kershner’s capital on a proprietary basis. The activities that Mr.
Copeland performs for Kershner is separate from his role as the Principal and Portfolio
Manager of Fifth Lane.
Fifth Lane does not participate in wrap fee programs.
As of December 31, 2022, Fifth Lane advises $158,974,624 in the Partnership on a
discretionary basis.