Lizard Investors LLC (“Lizard” or the “Investment Manager”), a Delaware limited liability
company founded by Leah Zell, was incorporated in October 2007 and has been registered
with the SEC since July 11, 2008. We have been providing investment advisory services since
January 2009. Effective January 1, 2023, following a purchase transaction, Lizard became
primarily an employee-owned firm. Lizard is now majority-owned by Jonathan Moog, Chief
Investment Officer and Portfolio Manager. Entities controlled by Leah Zell continue to own
a small portion of the entity. Prior to the purchase transaction, we were previously owned
by Pengana Capital Group Limited and entities controlled by Leah Zell.
The following paragraphs describe our services and fees. Refer to the description of each
investment advisory service listed below for information on how we tailor our advisory
services to your individual needs. As used in this brochure, the words "we," "our," and "us"
refer to Lizard Investors LLC and the words "you," "your," and "client" refer to you as either
a client or prospective client of our firm.
Lizard provides discretionary investment advisory services to private investment funds ( the
“Funds”) and to separately managed accounts offered through non-affiliated third-party
investment advisers (“SMAs” and together with the “Funds”, the “Clients”). Our investment
advice is tailored to meet our Clients'
needs and investment objectives.
Sub-advisory services are offered per the terms and conditions of a written agreement with
the primary investment adviser. These primary advisers are responsible for maintaining the
initial and ongoing day-to-day relationship with the underlying client, including initial and
ongoing determination of client suitability for Lizard's designated investment strategies. Our
obligation shall be limited to management of the allocated assets consistent with the
objective and/or strategy designated by the primary adviser.
Lizard’s investors in the Funds may include individuals (including high net worth
individuals), family and multi-family offices, foundations and institutions. SMAs are offered
to institutional clients.
Lizard invests mainly in common stocks of small- to mid-cap companies typically domiciled
and generally doing business outside the United States subject to our Clients’ investment
objectives.
In addition, in the future, Lizard may provide investment management and/or advisory
services to other clients (including individual accounts, other pooled investment vehicles
and Lizard’s own account), including those which follow an investment program
substantially similar to, or different from, that of the current Clients.
As of December 31, 2023, Lizard had $268,004,850 in regulatory assets under management,
all of which are managed on a discretionary basis.