Overview
A. Himalaya Capital is a Delaware limited liability company founded in 1997. Li Lu (the “Portfolio
Manager”) controls and is the principal owner of Himalaya Capital. References to “we,” “us,” or
“our” herein refer to Himalaya Capital and its affiliates.
B. We provide investment management services to a single mini-master fund structure comprised of
Himalaya Capital Investors, L.P. (the “Master Fund”), a Delaware limited partnership formerly
known as LL Investment Partners, L.P., and Himalaya Capital Investors (Offshore), L.P. (the
“Offshore Feeder Fund,” collectively with the Master Fund, “HCI”), a Cayman Islands exempted
limited partnership, whereby the Offshore Feeder Fund invests substantially all of its investable
assets into the Master Fund.
LL Group, LLC and LL Group (Offshore), LLC serve as the General Partners (each, a “GP”, and
collectively “GPs”) of the Master Fund and the Offshore Feeder Fund, respectively. Both of the GPs
are Delaware limited liability companies
under common control with Himalaya Capital.
C. We manage HCI’s investments in accordance with investment objectives set forth in HCI’s Limited
Partnership Agreements (“LPAs”). The investment management services Himalaya Capital provides
to HCI includes control over HCI’s investment decisions, execution of discretionary trades in a
manner consistent with HCI’s investment strategies, and arrangement and execution of certain
administrative duties, including arranging for an annual financial audit and contracting with a fund
administrator and other duties.
HCI’s investors are admitted as limited partners (“Limited Partners”) but are not considered our
clients. We generally do not provide any individualized investment advice or tailor our advisory
services to the needs of Limited Partners.
D. Himalaya Capital does not participate in wrap fee programs.
E. As of December 31, 2023, we managed approximately $14,985,604,000 in regulatory assets under
management on a discretionary basis.