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Adviser Profile

As of Date 03/28/2024
Adviser Type - Large advisory firm
Number of Employees 10
of those in investment advisory functions 6
Registration SEC, Approved, 07/18/2023
Other registrations (2)
Former registrations

LIGHTSMITH CLIMATE RESILIENCE MANAGEMENT LLC

AUM* 187,341,796
of that, discretionary 187,341,796
Private Fund GAV* 100,288,311 29.32%
Avg Account Size 37,468,359
SMA’s No
Private Funds 1
Contact Info 862 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
1 1 1 1

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count1 GAV$100,288,311

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Brochure Summary

Overview

A. Description of the Advisory Firm Lightsmith Climate Resilience Management LLC (the “Firm” or the “Investment Adviser”), a Delaware limited liability company, is an investment advisory firm based in New York. Lightsmith was formed on November 14, 2019 and is indirectly owned by Jay Koh and Sanjay Wagle who are both Managing Directors of the Firm. Lightsmith Group, LLC is the principal owner and member of the Firm. B. Types of Advisory Services The Firm serves as investment adviser to Lightsmith Climate Resilience Partners SCSp RAIF (the “Fund” or the “Partnership”), a private investment fund. Investors (as defined below) will invest in the Fund via one or more compartments of the Fund (each a “Sub-Fund” or collectively “Sub-Funds”) (the Fund and the Sub-Funds collectively “Funds”). The Firm may decide in the future to sponsor or manage additional private investment funds (collectively with the Funds, the “Clients”). The Partnership is established as a Luxembourg reserved alternative investment fund (“RAIF”) within the meaning of the Luxembourg law of 23 July 2016 on reserved alternative investment fund, as amended, the (the “RAIF Law”), organized as a special limited partnership (société en commandite spéciale) and qualifying as an alternative investment fund (AIF – as defined below) within the meaning of the Directive 2011/61/EU (the “AIFMD”) and the Luxembourg law of 12 July 2013 relating to alternative investment fund managers, as may be amended from time to time (the “AIFM Law”). Entities affiliated with the Investment Adviser serve as general partners to the Funds (the “General Partners” and each, a “General Partner” and together with the Investment Adviser and other affiliated entities “Lightsmith”) and delegate authority to the Investment Adviser to serve as the investment adviser. Each General Partner is subject to the Advisers Act pursuant to the Investment Adviser’s registration in accordance with SEC guidance. This Brochure also describes the business practices of the General Partners, which operate as a single advisory business together with the Investment Adviser. The General Partner of the Fund has appointed Lemanik Asset Management S.A., a Luxembourg public company (société anonyme) authorized as alternative investment fund manager under the Luxembourg law of 12 July 2013 on alternative investment fund manager and under the supervision of the Luxembourg financial supervisory authority (commission de surveillance du secteur financier) (the “AIFM”), to serve as the alternative investment fund manager of the Partnership under the AIFMD. Upon registration with the SEC, the Firm assumed the role of Investment Manager and Portfolio Manager on December 14, 2023. The AIFM is responsible for exercising the
portfolio risk function of the Fund. Pursuant to each Fund’s offering memorandum, limited partnership agreements (“Partnership Agreement”), and subscription documents (“Subscription Documents”) (and collectively “Constituent Documents”), Lightsmith advises the Funds which are growth equity funds formed to make direct, active, growth equity sustainable investments in companies that offer climate resilience solutions, with the goal of producing measurable, positive impacts on climate adaptation and climate mitigation. The Funds are offering limited partnership interests (“Interests”) to certain qualified investors as described in response to Item 7, below (such investors are referred to herein as “Investors and/or Limited Partners”) In order to facilitate investment by certain investors, the General Partner may organize one or more parallel investment entities or managed accounts (each, a “Parallel Fund”) which will invest, hold and divest proportionally in Portfolio Investments on substantially the same terms and conditions (at the level of investment) and at the same time as the Partnership, subject to applicable legal, tax or regulatory considerations. Where appropriate, references to the Partnership herein will include any Parallel Funds and references to the Investors include investors in the Parallel Funds. If the General Partner determines that it is advisable in connection with the making, holding or disposition of one or more Portfolio Investments, the General Partner, the AIFM or their affiliates may create one or more alternative investment vehicles (each, an “Alternative Investment Vehicle”) to effect any such investment in lieu of the Partnership. References to the Partnership’s Investments herein will include any investment made outside the Partnership through an Alternative Investment Vehicle. The Partnership, the General Partner and/or the Investment Adviser may enter into side letters or other written agreements with individual Investors, which have the effect of establishing rights or provisions under, or altering or supplementing, the terms of the Partnership Agreement with respect to such Investor (each a “Side Letter”). C. Client Tailored Services and Client Imposed Restrictions Advisory services are tailored to achieve the Clients’ investment objectives. With respect to the Funds, Lightsmith has the authority to select which and how many securities and other instruments to buy or sell without consultation with the Fund or its Investors. D. Wrap Fee Programs Lightsmith does not participate in wrap fee programs. E. Amounts Under Management As of December 31, 2023, Lightsmith has approximately $187,000,000 of assets under management on a discretionary basis and $0 on a non-discretionary basis.