9AT: LONG FOCUS CAPITAL MANAGEMENT LLC

other names

LONG FOCUS CAPITAL MANAGEMENT LLC

Adviser Profile

As of Date	03/31/2025
ADV Location	SAN JUAN, PR, United States
Adviser Type - Large advisory firm
Number of Employees	9 80%
of those in investment advisory functions	6 100%
Registration	SEC, Approved, 12/09/2022

AUM^*	1,698,115,355 155%
of that, discretionary	1,698,115,355 235%
Private Fund GAV^*	1,196,778,005
Avg Account Size	424,528,839 152%
SMA’s	No
Private Funds	3
Contact Info	(78 xxxxxxx

Client Types

- Pooled investment vehicles
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

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

Fund Type	Count	GAV
Fund TypeHedge Fund	Count3	GAV$1,196,778,005

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser CROW'S NEST HOLDINGS LP	Hedge Fund819.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV819.3m	AUM819.3m	#Funds3
Adviser JONES ROAD CAPITAL MANAGEMENT, L.P.	Hedge Fund220.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV220.7m	AUM493.5m	#Funds3
Adviser MISSION VALUE PARTNERS, LLC	Hedge Fund102.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV102.5m	AUM231.3m	#Funds2
Adviser GRAFTON STREET PARTNERS	Hedge Fund856.6m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV856.6m	AUM856.6m	#Funds7
Adviser SYSTEM 2 ADVISORS, L.P.	Hedge Fund656.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV656.8m	AUM742.0m	#Funds16
Adviser SPEECE THORSON CAPITAL GROUP INC	Hedge Fund126.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV126.0m	AUM522.0m	#Funds1
Adviser VERSO PARTNERS	Hedge Fund547.1m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV547.1m	AUM547.1m	#Funds7
Adviser MANATUCK HILL PARTNERS, LLC	Hedge Fund686.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV686.7m	AUM605.2m	#Funds7
Adviser HGI CAPITAL MANAGEMENT, LLC.	Hedge Fund131.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV131.0m	AUM163.4m	#Funds4
Adviser JASPER CAPITAL HONG KONG LIMITED	Hedge Fund22.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV22.3m	AUM114.1m	#Funds1

Brochure Summary

Overview

LFCM was founded in 2013 and it is wholly-owned by Long Focus Capital Holdings Inc. which is wholly owned by John B. Helmers. LFCM provides discretionary investment advice to its clients, including U.S. and non-U.S. private investment funds that operate in a master-feeder structure. These private investment funds are Long Focus Capital, LLC (the “Onshore Feeder”), Long Focus Capital Offshore, Ltd. (the “Offshore Feeder” and collectively with the Onshore Fund, the “Feeder Funds”) and Long Focus Capital Master, Ltd. (the “Master Fund” and together with the Onshore Feeder and the Offshore Feeder, the “Private Funds,” or the “Funds” and each, a “Private Fund” or a “Fund”). The Feeder Funds will invest all their assets in, and conduct all their investment and trading activities through, the Master Fund. The Funds will not be required to be registered under the Investment Company Act of 1940, as amended (the “1940 Act”), because they will rely on the Section (3)(c)(7) exclusion from the definition of investment company under the 1940 Act. Investments in the Feeder Funds will be privately offered only to eligible investors. See Item 7 below for information about eligible investors. See Item 8 below

for a discussion of investment strategies, methods of analysis employed by LFCM in managing the Funds and a summary of material risks related to those investment strategies and methods of analysis. LFCM’s affiliate, Long Focus Capital Partners LLC (“Long Focus Capital Partners”) is the manager (the “Manager”) of the Onshore Feeder and, in that capacity, has delegated to LFCM discretionary authority to manage all investment and trading activities of the Offshore Fund, and for the Offshore Fund’s administration and day-to-day business operations. The relationship between LFCM and the Funds will be governed by the Funds’ operating agreements, and the Feeder Funds’ confidential offering memoranda (each a “Memorandum”), subscription agreements, and any exhibits, supplements or amendments thereto (all the foregoing, collectively, the “Offering Documents”) and the terms of the investment advisory agreement between LFCM and the Funds. The Funds’ investment objectives and restrictions will be set forth in the Offering Documents. LFCM does not participate as manager or investment adviser in any wrap fee programs. As of December 31, 2023, LFCM manages $666,407,711 of “Regulatory Assets Under Management” on a discretionary basis.

LONG FOCUS CAPITAL MANAGEMENT LLC

Adviser Profile

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

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Brochure Summary

Overview