Investment adviser · CRD 159817

LEM CAPITAL, L.P.

Investment adviser filing (IA)

PHILADELPHIA, PA, United States · Form ADV filed Jun 8, 2026

Regulatory AUM
$661M
Form ADV · Item 5.F
Client accounts
2
Accounts, not individual clients
Employees
21
Reported in this filing
Advisory professionals
17
Investment advisory functions

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Pooled investment vehicles2$661,378,032100.0%
Filing source

Form ADV 2111009 · Jun 8, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

9 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

LEM MULTIFAMILY FUND VI, L.P.Real Estate Fund · Last reported Jun 8, 2026$401MGross asset value

Form D fundraising filings

LEM Multifamily VI, L.P.

Fund administrator APEX GROUP NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor KPMG, LLC PHILADELPHIA, Pennsylvania, United States
Custodian CANADIAN IMPERIAL BANK OF COMMERCE CHICAGO, Illinois, United States Related to adviser: No
Custodian U.S. BANK NATIONAL ASSOCIATION MINNEAPOLIS, Minnesota, United States Related to adviser: No
Marketer FURTHER CAPITAL PARTNERS, LTD. TORONTO, Canada Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

KPMG, LLC
PCAOB 185

Fund details & source
Fund ID
805-8587930630
Reported beneficial owners
194
Minimum commitment
$5M
Form D file number
021-407526

Form ADV 2111009 · Jun 8, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

LEM MULTIFAMILY FUND V, L.P.Real Estate Fund · Last reported Jun 8, 2026$261MGross asset value

Form D fundraising filings

LEM Multifamily Fund V, L.P.

Fund administrator APEX GROUP NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor KPMG, LLP PHILADELPHIA, Pennsylvania, United States
Custodian CANADIAN IMPERIAL BANK OF COMMERCE CHICAGO, Illinois, United States Related to adviser: No
Custodian UNIVEST BANK AND TRUST CO. SOUDERTON, Pennsylvania, United States Related to adviser: No
Custodian U.S. BANK NATIONAL ASSOCIATION MINNEAPOLIS, Minnesota, United States Related to adviser: No
Marketer CAPRA GLOBAL PARTNERS LIMITED LONDON, United Kingdom Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

KPMG, LLP
PCAOB 185

Fund details & source
Fund ID
805-2677266362
Reported beneficial owners
86
Minimum commitment
$5M
Form D file number
021-317742

Form ADV 2111009 · Jun 8, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

LEM MULTIFAMILY FUND VII, L.P.Real Estate Fund · Last reported Jun 8, 2026$69.8MGross asset value

Form D fundraising filings

LEM Multifamily Fund VII, L.P.

Fund administrator APEX GROUP NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor KPMG LLP PHILADELPHIA, Pennsylvania, United States
Custodian BANK OF AMERICA, N.A. CHARLOTTE, North Carolina, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

KPMG LLP
PCAOB 185

Fund details & source
Fund ID
805-3565737935
Reported beneficial owners
6
Minimum commitment
$250K
Form D file number
021-584328

Form ADV 2111009 · Jun 8, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

LEM REAL ESTATE MEZZANINE FUND II, L.P.Real Estate Fund · Last reported Nov 1, 2019$55.8MGross asset value
Auditor KPMG, LLP PHILADELPHIA, Pennsylvania, United States
Custodian BANK OF AMERICA, N.A. PHILADELPHIA, Pennsylvania, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

KPMG, LLP
PCAOB 185

Fund details & source
Fund ID
805-7291810007
Reported beneficial owners
95
Minimum commitment
$1M

Form ADV 1354121 · Nov 1, 2019 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

LEM REAL ESTATE MEZZANINE PARALLEL FUND II, L.P.Real Estate Fund · Last reported Nov 1, 2019$8.33MGross asset value
Auditor KPMG, LLP PHILADELPHIA, Pennsylvania, United States
Custodian BANK OF AMERICA, N.A. PHILADELPHIA, Pennsylvania, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

KPMG, LLP
PCAOB 185

Fund details & source
Fund ID
805-9428637838
Reported beneficial owners
70
Minimum commitment
$1M
Form D file number
021-92498

Form ADV 1354121 · Nov 1, 2019 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

LEM REAL ESTATE MEZZANINE FUND, L.P.Real Estate Fund · Last reported Mar 29, 2016$5.8MGross asset value
Auditor KPMG, LLP PHILADELPHIA, Pennsylvania, United States
Custodian CITIZEN'S BANK OF PHILADELPHIA PHILADELPHIA, Pennsylvania, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No
Fund details & source
Fund ID
805-6397275990
Reported beneficial owners
107
Minimum commitment
$500K
Form D file number
021-40596

Form ADV 998329 · Mar 29, 2016 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

LEM MULTIFAMILY SENIOR EQUITY FUND IV, L.P.Real Estate Fund · Last reported Aug 21, 2023$3.41MGross asset value

Form D fundraising filings

LEM Multifamily Senior Equity Fund IV, L.P.

Fund administrator APEX GROUP NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor KPMG, LLP PHILADELPHIA, Pennsylvania, United States
Custodian BANK OF AMERICA, N.A. PHILADELPHIA, Pennsylvania, United States Related to adviser: No
Marketer CAPLINK SECURITIES, INC HERMOSA BEACH, California, United States Related to adviser: No
Marketer CAPRA GLOBAL PARTNERS LIMITED LONDON, United Kingdom Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

KPMG, LLP
PCAOB 185

CAPLINK SECURITIES, INC
CRD 130702 · SEC 8-66379

Fund details & source
Fund ID
805-9021981877
Reported beneficial owners
63
Minimum commitment
$5M
Form D file number
021-243797

Form ADV 1782012 · Aug 21, 2023 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Jun 8, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

2400 MARKET STREET, SUITE 303
PHILADELPHIA, PA, 19103-3031, United States

CRD 159817

Filing source

Form ADV 2111009 · Jun 8, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.