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Adviser Profile

As of Date 03/28/2024
Adviser Type - Large advisory firm
Number of Employees 16
of those in investment advisory functions 12
Registration SEC, Approved, 4/7/2017
Other registrations (1)
AUM* 1,003,154,470 2.00%
of that, discretionary 1,003,154,470 2.00%
Private Fund GAV* 1,003,154,469 2.00%
Avg Account Size 250,788,618 2.00%
SMA’s No
Private Funds 4
Contact Info 312 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

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

Recent News

Reported AUM

Discretionary
Non-discretionary
1B 947M 790M 632M 474M 316M 158M
2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count4 GAV$1,003,154,469

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Brochure Summary

Overview

A. Describe your advisory firm, including how long you have been in business. Identify your principal owner(s). Firm Description Founded in December 2011, Longford Capital Management, LP (“Longford Capital” or the “Firm”), a Delaware limited partnership with its principal place of business in Chicago, Illinois, serves as an investment adviser for and provides discretionary investment advisory services to Longford Capital Fund I, LP (“Fund I”), Longford Capital Fund II, LP (“Fund II”), Longford Capital Fund III, LP (“Fund III”), and Longford Capital Fund P, LP (“Fund P” and collectively with Fund I, Fund II, and Fund III the “Funds”). Longford Capital registered as an exempt reporting adviser in June 2016 and as a full reporting advisor in April 2017. The following general partners (collectively “General Partners”) are affiliated with Longford Capital and have the authority to make investment decisions on behalf of the Funds: Longford Advisors, LLC, Longford Investment Group, LLC, Longford Investment Group II, LLC, Longford Investment Group III, LLC, and Longford Investment Group IIIP-GP, LLC. More information about Longford Capital’s General Partners is available in Form ADV Part 1, Schedule D, Section 7.B.(1) Private Fund Reporting. The General Partners are registered under the Investment Advisers Act of 1940, as amended (“Advisers Act”), pursuant to Longford Capital’s registration in accordance with SEC guidance. Principal Owners/Ownership Structure Longford Capital is owned by Co-Founders and Managing Directors Timothy S. Farrell, William P. Farrell, Jr., Esq. and Michael A. Nicolas, Esq., as well as Former Chairman and Managing Director William H. Strong. For more information about Longford Capital’s owners and executive officers, see Longford Capital’s Form ADV Part 1, Schedule A. B. Describe the types of advisory services you offer. If you hold yourself out as specializing in a particular type of advisory service, such as financial planning, quantitative analysis, or market timing, explain the nature of that service in greater detail. If you provide investment advice only with respect to limited types of investments, explain the type of investment advice you offer, and disclose that your advice is limited to those types of investments. Longford Capital invests in the outcome of commercial litigation that it believes to be high value and meritorious. Longford Capital offers non-recourse capital solutions to leading law firms, public and private businesses of all sizes, universities, government agencies, estates in bankruptcy and liquidation proceedings, and other entities that are involved in legal disputes with $25 million to more than $2 billion in controversy. Longford Capital provides capital to companies and other entities to pay attorneys’ fees and expenses incurred in single-case and multi-case litigation, invests in portfolios of cases managed by leading law firms, and monetizes corporate legal claims. Longford Capital manages a diversified portfolio of legal claims, and considers investments in business-to-business disputes
(e.g., breach of contract, fraud, breach of fiduciary duty, partnership disputes, joint venture disputes), antitrust and trade regulation claims (e.g., competition claims, opt-out cases, anti-dumping actions, Section 337 claims), intellectual property claims (e.g., patent infringement, trademark infringement, copyright infringement, theft of trade secrets), domestic and international arbitration, claims in bankruptcy and liquidation, insurance coverage disputes, qui tam/whistleblower actions, mass actions and class actions, and a variety of others. Longford Capital will consider investments involving claims at all stages of the litigation life cycle, including during the initial dispute or pre-filing phase; before, during, and after the completion of discovery and dispositive motions; through the pre-trial and trial process; during appeal; and as part of the collection phase of a final judgment or award. Longford Capital considers investments in a variety of industries and market sectors in numerous jurisdictions. C. Explain whether (and, if so, how) you tailor your advisory services to the individual needs of clients. Explain whether clients may impose restrictions on investing in certain securities or types of securities. Longford Capital does not tailor its advisory services to the individual needs of investors in its Funds; the Firm’s investment advice and authority for each Fund is tailored to the investment objectives of that Fund and the particular circumstances of the underlying investment(s). These objectives are described in the private placement memorandum, limited partnership agreement and other governing documents of the relevant Fund (collectively, “Governing Documents”). Fund investors generally cannot impose restrictions on investing in certain securities or types of securities, other than through side letter agreements. Investors in the Funds participate in the overall investment program for the applicable Fund, but may be excused from a particular investment due to legal, regulatory or other applicable constraints, pursuant to the terms of the applicable Governing Documents. Longford Capital may enter into side letters or similar agreements with certain investors that have the effect of establishing rights under, or altering or supplementing a Fund’s Governing Documents. D. If you participate in wrap fee programs by providing portfolio management services, (1) describe the differences, if any, between how you manage wrap fee accounts and how you manage other accounts, and (2) explain that you receive a portion of the wrap fee for your services. Longford Capital does not participate in wrap fee programs. E. If you manage client assets, disclose the amount of client assets you manage on a discretionary basis and the amount of client assets you manage on a non- discretionary basis. Disclose the date “as of” which you calculated the amounts. As of December 31, 2023, Longford Capital had $1,003,154,470 of regulatory assets under management, all managed on a discretionary basis.