|
⚲
|
| Keyboard |
| Lapis Advisers LP
✚
|
|
|---|---|
| CRD # | 153710 |
| SEC # | 801-71696 |
| CIK # | |
| AUM | 789.5 M (2026-03-27) |
| Employees | 12 (75% Investors, 0% Brokers) |
| Phone | 415-376-6280 |
| Address | 811 E 17th Avenue Denver, CO 80218 |
| Source | [IAPD] [Website] [LinkedIn] |
| Total AUM ($M) |
|---|
| Type | Form D Funds | Date | Sold | AUM |
|---|---|---|---|---|
| PE | Mustang SNF Holdings LLC | 2025-10-16 | 31.6 M | |
| PE | Lapis Crestone Municipal Opportunities Fund IV LP | 2024-03-26 | 26.6 M | |
| PE | Lapis Municipal Opportunities Fund V LP | [2023-06-06] | 360.0 M | 228.3 M |
| Offered $550,000,000 · Filed 2023-05-11 (D) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $2,000,000 · Remaining $190,000,000 · Duration One year or less · Commission $393,438 · Net Assets Decline to Disclose | ||||
| PE | Lapis Crestone Municipal Opportunities Fund III LP | 2022-03-30 | 28.5 M | |
| PE | Lapis Municipal Opportunities Fund IV LP | [2021-03-26] | 440.0 M | 295.8 M |
| Offered $440,000,000 · Filed 2020-11-30 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $2,000,000 · Duration One year or less · Commission $985,000 · Net Assets Decline to Disclose | ||||
| PE | Lapis Crestone Municipal Opportunities Fund II LP | 2020-03-27 | 17.3 M | |
| PE | Lapis Special Opportunities Fund LP | [2020-03-27] | 35.0 M | 33.1 M |
| Offered $35,000,000 · Filed 2019-12-26 (D) · Exemption 506(b), 3(c), 3(c)(1), 3(c)(7) · Minimum $25,000 · Duration One year or less · Net Assets Decline to Disclose | ||||
| PE | Lapis Municipal Opportunities Fund III LP | [2018-08-30] | 298.2 M | 55.8 M |
| Offered $350,000,000 · Filed 2018-07-13 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $2,000,000 · Remaining $51,800,000 · Duration One year or less · Commission $328,750 · Net Assets Decline to Disclose | ||||
| PE | Lapis Crestone Municipal Opportunities Fund LP | 2018-03-27 | 9.6 M | |
| PE | Lapis Municipal Opportunities Fund II LP | [2015-07-23] | 144.5 M | 26.0 M |
| Offered $250,000,000 · Filed 2015-08-20 (D/A) · Exemption 506(b) · Minimum $200,000 · Remaining $105,500,000 · Duration One year or less · Net Assets Decline to Disclose | ||||
| PE | Lapis Aquilo Fund II LP | [2015-04-28] | 35.0 M | 15.5 M |
| Offered $35,000,000 · Filed 2013-04-12 (D) · Exemption 506 · Minimum $2,000,000 · Duration One year or less · Net Assets Decline to Disclose | ||||
| PE | Lapis Aquilo Fund I LP | [2013-04-01] | 35.0 M | 1.5 M |
| Offered $35,000,000 · Filed 2013-04-12 (D) · Exemption 506 · Minimum $2,000,000 · Duration One year or less · Net Assets Decline to Disclose | ||||
| PE | Lapis Municipal Opportunities Fund LP | [2013-04-01] | 71.0 M | 3.1 M |
| Offered $100,000,000 · Filed 2013-04-12 (D) · Exemption 506 · Minimum $2,000,000 · Remaining $29,000,000 · Duration One year or less · Net Assets Decline to Disclose | ||||
| SA | Non-Profit Preferred Funding Trust I | 2012-03-30 | 16.4 M | |
| PE | Lapis Opportunities Fund III LP | [2012-03-29] | 15.0 M | 2.4 M |
| Offered $15,000,000 · Filed 2011-01-19 (D/A) · Exemption 506 · Minimum $10,000 · Duration One year or less · Net Assets Decline to Disclose | ||||
| PE | Lapis Opportunities Fund II LP | [2012-03-29] | 5.0 M | 0.0 M |
| Offered $5,000,000 · Filed 2010-03-26 (D) · Exemption 506 · Minimum $10,000 · Duration One year or less · Net Assets Decline to Disclose | ||||
| PE | Lapis Opportunities Fund I LP | [2012-03-29] | 2.0 M | 0.0 M |
| Offered $2,000,000 · Filed 2010-03-25 (D) · Exemption 506 · Minimum $10,000 · Duration One year or less · Net Assets Decline to Disclose | ||||
| PE | Lapis Opportunities Fund IV LP | [2012-03-29] | 5.0 M | 0.9 M |
| Offered $5,000,000 · Filed 2011-01-25 (D/A) · Exemption 506 · Minimum $10,000 · Duration One year or less · Net Assets Decline to Disclose | ||||
| AUM Breakdown | Accounts | AUM ($M) |
|---|---|---|
| By Client Type | ||
| (a) Individuals (other than high net worth individuals) | 0 | 0.0 |
| (b) Individuals (high net worth individuals) | 0 | 0.0 |
| (c) Banking or thrift institutions | 0 | 0.0 |
| (d) Investment companies | 0 | 0.0 |
| (e) Business development companies | 0 | 0.0 |
| (f) Pooled investment vehicles | 8 | 789.5 |
| (g) Pension and profit sharing plans | 0 | 0.0 |
| (h) Charitable organizations | 0 | 0.0 |
| (i) State or municipal government entities | 0 | 0.0 |
| (j) Other investment advisers | 0 | 0.0 |
| (k) Insurance companies | 0 | 0.0 |
| (l) Sovereign wealth funds and foreign official institutions | 0 | 0.0 |
| (m) Corporations or other businesses not listed above | 0 | 0.0 |
| (n) Other | 0 | 0.0 |
| Total | 8 | 789.5 |
| By Discretionary | ||
| Discretionary | 8 | 789.5 |
| Non-Discretionary | 0 | 0.0 |
| Total | 8 | 789.5 |
| By Non-United States Persons | ||
| Non-United States Persons | 0.0 | |
| United States Persons | 789.5 | |
| Total | 8 | 789.5 |
| Form D Directors | Role | # Filings | # Firms | 2011 - 2026 |
|---|---|---|---|---|
| Kjerstin Hatch | Executive Officer | 15 | 2 | |
| Lapis Advisers LP | Executive Officer | 4 | 1 | |
| Basia Terrell | Executive Officer | 1 | 1 |
| Firm Profile (Form ADV) | |
|---|---|
| Discretionary AUM | $0.0B |
| Serves | Institutional |
| Fund Types | Hedge Fund, Private Equity |
| LEI | 5493005SSV9OKO7N0O93 |
| Comparable Firms | State | AUM |
|---|---|---|
|
MYDA Advisors LLC
✚
|
NY | 821.2 M |
|
Segra Capital Management LLC
✚
|
FL | 820.7 M |
|
Poetic Group LLC
✚
|
NJ | 802.5 M |
|
Softvest Advisors LLC
✚
|
TX | 788.2 M |
|
ACP Venture Capital Management Fund LLC
✚
|
NY | 785.7 M |
|
Water Asset Management LLC
✚
|
NY | 780.9 M |
|
Strategic Value Bank Partners LLC
✚
|
OH | 774.1 M |
|
Embassy Asset Management LP
✚
|
NJ | 774.0 M |
|
Ampfield Management LP
✚
|
NY | 774.0 M |
|
Community US Fund Management Inc
✚
|
767.6 M |