LAPIS ADVISERS, LP other names

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Adviser Profile

As of Date:

03/26/2024

Adviser Type:

- Large advisory firm

Number of Employees:

10

of those in investment advisory functions:

7

Registration:

SEC, Approved, 7/29/2010

AUM:

1,023,619,375 55.24%

of that, discretionary:

1,023,619,375 55.24%

Private Fund GAV:

759,936,806 24.25%

Avg Account Size:

146,231,339 10.89%

SMA’s:

NO

Private Funds:

7 2

Contact Info

415 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
833M 714M 595M 476M 357M 238M 119M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Astria Health is a local - but smaller - organization post-bankruptcy
02/28/2021

Astria Health used the loan, along with several million of its funds, to pay off Lapis Advisers. Lapis was Astria ... Foundation's Community Journalism Fund. Astria Health’s hospitals and ...

yakimaherald.com


Private Funds Structure

Fund Type Count GAV
Private Equity Fund 7 $759,936,806

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Private Funds



Employees




Brochure Summary

Overview

Lapis Advisers, LP has been an Investment Adviser to clients since 2010. Kjerstin Hatch, MCM Advisers, LP, and Barbara Terrell are the principal owners owning 75%, 12.5%, and 12.5%, respectively, of Lapis Advisers, LP. Lapis Advisers, LP’s advice is furnished on appropriate investments for limited partnerships, investing in real estate investment trust, distressed trade claims, municipal bonds, corporate bonds, bank debt, equity securities and other illiquid securities and investments. The adviser, through in-house and outside independent contractors’ research and property inspections, generates research reports and financial models. Compensation is set by negotiations and written contacts with investment
funds. With investors who are qualified to pay performance-based fees under the Investment Advisers Act of 1940, performance fees may be charged. Fees are negotiable. Clients are not requested to pay before work is done. Agreements cannot be terminated except pursuant to contractual buy-out provisions. The client should be aware that comparable investment advisory services may be available for lower fees from other sources. Some fees are payable quarterly for services rendered during the following quarter. As of December 31, 2023, Lapis Advisers, LP managed seven clients on a discretionary basis with a total of $1,023,619,375 in assets and does not manage any clients on a non- discretionary basis.