This brochure contains information regarding how the Firm currently conducts its business,
but also provides information regarding certain activities in which the Firm is authorized to
engage or conduct in which the Firm may engage in the future. Accordingly, certain activities
are identified as those in which the Firm “may” engage. To the extent the Adviser later engages
in such conduct, this brochure will be updated as required, either annually or promptly, to
indicate that the Adviser does in fact engage in such activities.
The Firm, a Delaware limited liability company, was formed in November 2019. As indicated on
the Firm’s Form ADV Part 1A, Nicholas Christopher and Ryan Anthony are the Firm’s principal
owners. The Firm became a registered investment adviser with the United States Securities and
Exchange Commission (“SEC”) in July 2020.
The Firm is an investment management firm that provides advisory services on a discretionary
basis to privately offered pooled investment vehicles. Currently, the Firm advises Longshore
Capital Fund I, L.P. (“Fund I”), a Delaware limited partnership. To facilitate investment by certain
investors, the Firm may in the future create one or more feeder funds, parallel funds, or alternative
vehicles (any such vehicle, a “Fund,” and together with Fund I and any other pooled investment
vehicles advised in the future, the “Advisory Clients”).
The Firm is affiliated with Longshore Capital GP, LLC (“Longshore GP”), a Delaware limited
liability company. Messrs. Christopher and Anthony are its principal owners. Longshore GP serves
as the general partner of Fund I. Longshore GP is a relying adviser and, along with the Firm, is
part of a single advisory business controlled by Messrs. Christopher and Anthony.
Longshore makes private equity investments (“Portfolio Investments”)
in services companies
primarily based in North America. Longshore generally expects Portfolio Investments for Fund I
to be in the range of $20 to $40 million for any given portfolio company, although Portfolio
Investments may also be outside this range.
Longshore may, in its sole discretion, provide co-investment opportunities to some (but not
necessarily all) Advisory Client investors and/or third parties. In circumstances where an entire
investment could be made by an Advisory Client, Longshore may still allocate a portion of such
investment to one or more co-investment vehicles or other co-investors in accordance with the
applicable offering documents. The allocation of any co-investment opportunities may or may not
be in proportion to the commitments (if any) of the co-investors to the applicable Advisory Client
and may involve different terms, fee structures and economics than the applicable Advisory Client.
As such, an Advisory Client may receive a smaller allocation in a particular investment than it
otherwise might have received if Longshore had not provided the co-investment opportunity to
Advisory Client investors and/or third parties. With respect to Fund I, Longshore intends to give
priority co-investment rights to certain investors.
5 Longshore Capital Management, LLC
Longshore does not limit its investment advice to only certain types of investments.
Longshore’s investment management and advisory services to Advisory Clients are provided
pursuant to the terms of certain disclosures, offering documents and/or advisory agreements.
Advisory Client investors cannot obtain services tailored to their individual specific needs.
Longshore does not participate in a wrap fee program.
As of December 31, 2023, Longshore managed approximately $244,399,979 in assets
under management on a discretionary basis.