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

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

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

Recent News

Reported AUM

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

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count7 GAV$759,936,806

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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.