Overview
Governors Lane is an investment advisory firm with its principal place of business in New York,
New York. Governors Lane is a limited partnership that was formed in November 2014 under the
laws of the State of Delaware, and that became a registered investment advisor in June 2015.
Governors Lane is owned and controlled by Governors Lane GP LLC, a Delaware limited liability
company, of which Isaac Corré is the sole managing member. Mr. Corré also serves as Governors
Lane’s Chief Investment Officer, and Bruce Haggerty serves as the firm’s Deputy Chief Investment
Officer.
Governors Lane provides investment advisory services to three private pooled investment vehicles:
Governors Lane Onshore Fund LP, a Delaware limited partnership (the “Onshore Feeder”),
Governors Lane Offshore Fund Ltd., a Cayman Islands exempted limited company (the “Offshore
Feeder” and, together with the Onshore Feeder, the “Feeder Funds”), and Governors Lane Master
Fund LP, a Cayman Islands exempted limited partnership (the “Master Fund,” together with the
Feeder Funds, the “Funds”). The Feeder Funds invest substantially all of their investable capital in
the Master Fund and conduct their investment and trading activities indirectly through their
investment in the Master Fund. References in this brochure to the Funds’ investments and portfolio
include investments by the Feeder Funds through the Master Fund.
Governors Lane Fund General Partner
LLC (the “General Partner”) is the general partner of the
Onshore Feeder and the Master Fund. Isaac Corré is the sole managing member of the General
Partner.
Governors Lane’s investment objective is to generate attractive risk-adjusted returns during all
market cycles. Governors Lane intends to achieve this objective primarily by focusing on
opportunities in both equities and credit in which an event or catalyst could significantly affect the
valuation of a security, including those with significant legal complexity and uncertainty. The
strategy will encompass both classic event-driven situations such as distressed debt, mergers,
spinoffs, and restructurings as well as more fundamentally oriented situations in which dislocations
or softer catalysts create an investment opportunity. Governors Lane has broad and flexible
investment authority with respect to the Funds.
Investment advice is provided directly to the Funds in accordance with the governing and offering
documents applicable to each Fund, including certain investment restrictions and guidelines
applicable to each Fund, and not individually to underlying investors in the Funds (“Fund
Investors”). Fund Investors generally do not have the ability to direct Fund investments or
strategies.
As of December 31, 2023, Governors Lane managed approximately $1.3 billion in regulatory assets
under management. All assets are managed on a discretionary basis.