Investment adviser · CRD 163963

LFL ADVISERS, LLC

Investment adviser filing (IA)

EVANSTON, IL, United States · Form ADV filed Mar 17, 2026

Regulatory AUM: $507M
Client accounts: 4
Employees: 3
Advisory professionals: 2

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	1	$278,196,000	54.9%
Corporations & businesses	Fewer than 5	$131,945,000	26.0%
Government entities	Fewer than 5	$96,668,000	19.1%

Filing source

Form ADV 2064468 · Mar 17, 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

1 Private fund

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

LFL PARTNERS, L.P.Hedge Fund · Last reported Mar 17, 2026$278MGross asset value

Form D fundraising filings

LFL PARTNERS L P

Fund administrator YULISH & ASSOCIATES OXNARD, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor EISNERAMPER SAN FRANCISCO, California, United States

Custodian THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Related to adviser: No

Prime broker NORTHERN TRUST SECURITIES, INC. CHICAGO, Illinois, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

EISNERAMPER
PCAOB 274

THE NORTHERN TRUST COMPANY
LEI 6PTKHDJ8HDUF78PFWH30

NORTHERN TRUST SECURITIES, INC.
CRD 7927 · SEC 8-23689

Fund details & source

Fund ID: 805-2455079420
Reported beneficial owners: 5
Minimum commitment: $1M
Form D file number: 021-84175

Form ADV 2064468 · Mar 17, 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.

Services & filing details

Most recent filing: Mar 17, 2026. View historical filings

Reported services

Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets · Performance-based

Principal office

1560 SHERMAN AVE, SUITE 530
EVANSTON, IL, 60201, United States

CRD 163963

Filing source

Form ADV 2064468 · Mar 17, 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.