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SEC-registered adviser

L••• M••••••••• L••

Asset manager (funds and pooled vehicles)White Plains, New YorkCRD 138305SEC 801-71650websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Mar 28, 2012 · 32 filings
SEC status approved since Jul 22, 2010
RAUM
$188M
reported, Item 5.F
Discretionary
94%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
2
1 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
4
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$188M as of Mar 31, 2026
Mar 28, 2012$364M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 22, 20130 then
Employees (5.A)2 as of Mar 31, 2026
Mar 22, 20137 then
Private funds4 as of Mar 31, 2026
Mar 28, 20125 then
RAUM +3.7% over the last fiscal year-8.5% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$12.5MderivedRAUM over accounts (5.F.2.f)
Discretionary
94%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
+3.7%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
Custody
$171M, 5 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$177M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
15reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$171M for 5 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.94 institutional_share=0.0 related_bd=false related_bank=true bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      8 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      T•• L••• F••• L•Hedge Fund$78.3M56Mar 28, 2012
      L••• O••••••• P•••••••• L••Hedge Fund$61.1M25Mar 28, 2012
      L••• C••••••••• F••• I• L•Hedge Fund$53.9M48Mar 12, 2015
      L••• O••••••• P••••••• •••• L••no longer reportedHedge Fund$12.3M29Mar 28, 2012
      L••• O••••••••• F•••• L•• • S••••• 1•Hedge Fund$10.0M15Mar 29, 2023
      L••• M• H••••••• L••Hedge Fund$411,7221Mar 28, 2019
      T•• L••• F••• I•• L•no longer reportedHedge Fund$117,00044Mar 28, 2012
      L••• O••••••• P••••••• I•• L••no longer reportedHedge Fund$49,0000Mar 28, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • G••••••• B••••• D•••• · Managing Member L••• M••••••••• L•• & L••• Capital, LLC, Chief Investment Officercontrol
        since 08/2001 · owns 25% to 50%
      • F•••••••• H••••• · Member L••• M••••••••• L•• & L••• Capital, LLC
        since 08/2001 · owns 10% to 25%
      • M••••••• D••• · Chief Compliance Officer
        since 03/2024 · owns less than 5%
      • M•••••••• B••••• C••••••• · Member L••• M••••••••• L•• & L••• Capital, LLC
        since 04/2017 · owns 5% to 10%
      • W••••••• A•••• · Member L••• M••••••••• L•• & L••• Capital, LLC
        since 08/2001 · owns 10% to 25%
      • W••••••• A••••••• N• · Member L••• M••••••••• L•• & L••• Capital, LLC
        since 08/2001 · owns 10% to 25%
      • W••••••• M••••• · Member L••• M••••••••• L•• & L••• Capital, LLC
        since 08/2001 · owns 10% to 25%
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      • New York, NY2 employees
      • Ocean Ridge, FL1 employees
      What changed
      consecutive filings, newest first
      • Discretionary RAUM · $171M to $177M
        Mar 31, 2025 to Mar 31, 2026
      • Non-discretionary RAUM · $10.2M to $10.5M
        Mar 31, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $171M to $177M
        Mar 31, 2025 to Mar 31, 2026
      • RAUM · $181M to $188M
        Mar 31, 2025 to Mar 31, 2026
      • Advisory employees · 2 to 1
        Jul 10, 2024 to Mar 31, 2025
      • Pooled vehicle clients · 6 to 5
        Jul 10, 2024 to Mar 31, 2025
      • Assets in custody · $204M to $171M
        Jul 10, 2024 to Mar 31, 2025
      • Employees · 3 to 2
        Jul 10, 2024 to Mar 31, 2025
      • Insurance-licensed employees · 0 to 1
        Jul 10, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Jul 10, 2024 to Mar 31, 2025
      • Other offices · 2 to 1
        Jul 10, 2024 to Mar 31, 2025
      • Private funds · 5 to 4
        Jul 10, 2024 to Mar 31, 2025
      • Discretionary RAUM · $204M to $171M
        Jul 10, 2024 to Mar 31, 2025
      • Non-discretionary RAUM · $7.9M to $10.2M
        Jul 10, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $204M to $171M
        Jul 10, 2024 to Mar 31, 2025
      • RAUM · $212M to $181M
        Jul 10, 2024 to Mar 31, 2025
      • Accounts · 12 to 15
        Aug 8, 2023 to Mar 29, 2024
      • Assets in custody · $236M to $204M
        Aug 8, 2023 to Mar 29, 2024
      • Employees · 4 to 3
        Aug 8, 2023 to Mar 29, 2024
      • Discretionary RAUM · $236M to $204M
        Aug 8, 2023 to Mar 29, 2024
      • Non-discretionary RAUM · $8.9M to $7.9M
        Aug 8, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $236M to $204M
        Aug 8, 2023 to Mar 29, 2024
      • RAUM · $245M to $212M
        Aug 8, 2023 to Mar 29, 2024
      • Accounts · 8 to 12
        Jun 29, 2022 to Mar 29, 2023
      • Assets in custody · $283M to $236M
        Jun 29, 2022 to Mar 29, 2023
      • Other offices · 1 to 2
        Jun 29, 2022 to Mar 29, 2023
      • Discretionary RAUM · $283M to $236M
        Jun 29, 2022 to Mar 29, 2023
      • Non-discretionary RAUM · $4.6M to $8.9M
        Jun 29, 2022 to Mar 29, 2023
      • Pooled vehicle RAUM · $283M to $236M
        Jun 29, 2022 to Mar 29, 2023
      • RAUM · $288M to $245M
        Jun 29, 2022 to Mar 29, 2023
      • Accounts · 9 to 8
        Jul 12, 2021 to Mar 29, 2022
      • Assets in custody · $359M to $283M
        Jul 12, 2021 to Mar 29, 2022
      • Discretionary RAUM · $359M to $283M
        Jul 12, 2021 to Mar 29, 2022
      • Non-discretionary RAUM · $4.2M to $4.6M
        Jul 12, 2021 to Mar 29, 2022
      • Pooled vehicle RAUM · $359M to $283M
        Jul 12, 2021 to Mar 29, 2022
      • RAUM · $363M to $288M
        Jul 12, 2021 to Mar 29, 2022
      • Assets in custody · $247M to $359M
        Jan 22, 2021 to Mar 30, 2021
      • Employees · 5 to 4
        Jan 22, 2021 to Mar 30, 2021
      • Other offices · 0 to 1
        Jan 22, 2021 to Mar 30, 2021
      • Discretionary RAUM · $246M to $359M
        Jan 22, 2021 to Mar 30, 2021
      Signals
      2 dated events
      • L••• M••••••••• L•• reported RAUM $362.8M, up 43% from $253.2M (2021-01-22 to 2021-03-30)
        Mar 30, 2021 · RAUM change · derived
      • L••• M••••••••• L•• reported RAUM $297.7M, down 26% from $401.4M (2019-02-20 to 2019-03-28)
        Mar 28, 2019 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Website
      L•••PARTNERS.COMreportedpublic record, Form ADV, Sep 21, 2026
      Principal office phone
      212-682-9075reportedpublic record, Form ADV, Mar 31, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026