Investment adviser · CRD 111288

LUCERNE CAPITAL MANAGEMENT, LP

Investment adviser filing (IA)

GREENWICH, CT, United States · Form ADV filed Mar 20, 2026

Regulatory AUM: $365M
Client accounts: 9
Employees: 8
Advisory professionals: 4

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	8	$364,621,000	100.0%
Other clients	1	$0	0.0%

Filing source

Form ADV 2077463 · Mar 20, 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

8 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.

THE LUCERNE CAPITAL FUND, LPHedge Fund · Last reported Mar 30, 2016$493MGross asset value

Form D fundraising filings

Lucerne Capital Fund LP

Fund administrator CITCO FUND SERVICES (BERMUDA) INC. HAMILTON, Bermuda Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS LLP TORONTO, Canada

Custodian CITCO BANKING CORPORATION N.V. (CURACAO) WILLEMSTAD, Curacao Related to adviser: No

Custodian GOLDMAN, SACHS & CO. NEW YORK, New York, United States Related to adviser: No

Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No

Marketer FAR HILLS GROUP, LLC. NEW YORK, New York, United States Related to adviser: No

Marketer MATRIX CAPITAL GROUP NEW YORK, New York, United States Related to adviser: No

Prime broker GOLDMAN, SACHS & CO. NEW YORK, New York, United States

Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

GOLDMAN, SACHS & CO.
SEC 8-129

MORGAN STANLEY & CO. LLC
SEC 8-15869

FAR HILLS GROUP, LLC.
CRD 32243 · SEC 8-45675

MATRIX CAPITAL GROUP
CRD 33364 · SEC 801-61224

GOLDMAN, SACHS & CO.
CRD 361 · SEC 8-129

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Fund details & source

Fund ID: 805-1714023068
Reported beneficial owners: 86
Minimum commitment: $500K
Form D file number: 021-103802

Form ADV 986521 · Mar 30, 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.

THE LUCERNE CAPITAL MASTER FUND, L.P.Hedge Fund · Last reported Mar 20, 2026$328MGross asset value

Feeder funds

Fund administrator CITCO FUND ADMINISTRATION (CAYMAN ISLANDS) LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS LLP TORONTO, Canada

Custodian CITCO BANKING CORPORATION N.V. (CURACAO) WILLEMSTAD, Curacao Related to adviser: No

Custodian DNB BANK ASA OSLO, Norway Related to adviser: No

Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No

Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No

Marketer CITI PRIVATE ALTERNATIVES, LLC NEW YORK CITY, New York, United States Related to adviser: No

Prime broker GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States

Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

PRICEWATERHOUSECOOPERS LLP
PCAOB 271

DNB BANK ASA
LEI 549300GKFG0RYRRQ1414

GOLDMAN SACHS & CO. LLC
SEC 8-129

MORGAN STANLEY & CO. LLC
SEC 8-15869

CITI PRIVATE ALTERNATIVES, LLC
CRD 153777 · SEC 8-69789

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Fund details & source

Fund ID: 805-3663475870
Reported beneficial owners: 65
Minimum commitment: $250K
Form D file number: 021-103802
Form D file number: 021-91198

Form ADV 2077463 · Mar 20, 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.

THE LUCERNE CAPITAL OFFSHORE FUND, LTDHedge Fund · Last reported Mar 30, 2016$305MGross asset value

Form D fundraising filings

LUCERNE CAPITAL OFFSHORE FUND LTD

Fund administrator CITCO FUND SERVICES (BERMUDA) LIMITED HAMILTON, Bermuda Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS LLP TORONTO, Canada

Custodian CITCO BANKING CORPORATION (CURACAO) WILLEMSTAD, Other Related to adviser: No

Custodian GOLDMAN, SACHS & CO. NEW YORK, New York, United States Related to adviser: No

Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No

Marketer FAR HILLS GROUP, LLC. NEW YORK, New York, United States Related to adviser: No

Marketer WIJLACKER - ADVIES & INTERIM MANAGEMENT NAARDEN, Netherlands Related to adviser: No

Prime broker GOLDMAN, SACHS & CO. NEW YORK, New York, United States

Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

GOLDMAN, SACHS & CO.
SEC 8-129

MORGAN STANLEY & CO. LLC
SEC 8-15869

FAR HILLS GROUP, LLC.
CRD 32243 · SEC 8-45675

GOLDMAN, SACHS & CO.
CRD 361 · SEC 8-129

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Fund details & source

Fund ID: 805-1606436174
Reported beneficial owners: 59
Minimum commitment: $500K
Form D file number: 021-91198

Form ADV 986521 · Mar 30, 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.

THE LUCERNE CAPITAL NORDIC MASTER FUND, LTDHedge Fund · Last reported Mar 20, 2026$20MGross asset value

Feeder funds

THE LUCERNE NORDIC FUND, LP
THE LUCERNE NORDIC OFFSHORE FUND, LTD

Fund administrator CITCO FUND ADMINISTRATION (CAYMAN ISLANDS) LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS LLP TORONTO, Canada

Custodian CITCO BANKING CORPORATION (CURACAO) WILLEMSTAD, Curacao Related to adviser: No

Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No

Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States

Provider details

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

PRICEWATERHOUSECOOPERS LLP
PCAOB 271

MORGAN STANLEY & CO. LLC
SEC 8-15869

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Fund details & source

Fund ID: 805-9324797538
Reported beneficial owners: 5
Minimum commitment: $250K
Form D file number: 021-133940

Form ADV 2077463 · Mar 20, 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.

THE LUCERNE CAPITAL SPECIAL OPPORTUNITY FUND, LTDHedge Fund · Last reported Mar 20, 2026$13MGross asset value

Fund administrator CITCO FUND ADMINISTRATION (CAYMAN ISLANDS) LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS LLP TORONTO, Canada

Custodian CITCO BANKING CORPORATION (CURACAO) WILLEMSTAD, Curacao Related to adviser: No

Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No

Prime broker GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States

Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States

Provider details

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

PRICEWATERHOUSECOOPERS LLP
PCAOB 271

GOLDMAN SACHS & CO. LLC
SEC 8-129

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Fund details & source

Fund ID: 805-2777447999
Reported beneficial owners: 16
Minimum commitment: $1.12M

Form ADV 2077463 · Mar 20, 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.

THE LUCERNE EUROPEAN OPPORTUNITIES (US) FUND, LPHedge Fund · Last reported Mar 20, 2026$3.18MGross asset value

Form D fundraising filings

Lucerne European Opportunities (US) Fund, LP

Fund administrator CITCO FUND ADMINISTRATION (CAYMAN ISLANDS) LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS LLP TORONTO, Canada

Custodian CITCO BANKING CORPORATION N.V. (CURACAO) WILLEMSTAD, Curacao Related to adviser: No

Custodian NORTHERN TRUST SECURITIES, INC. 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

PRICEWATERHOUSECOOPERS LLP
PCAOB 271

NORTHERN TRUST SECURITIES, INC.
SEC 8-23689

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

Fund details & source

Fund ID: 805-3438793939
Reported beneficial owners: 5
Minimum commitment: $0
Form D file number: 021-452267

Form ADV 2077463 · Mar 20, 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.

THE LUCERNE FOCUS FUND I, L.P.Hedge Fund · Last reported Feb 24, 2023$13.6MGross asset value

Form D fundraising filings

Lucerne Focus Fund I, L.P.

Fund administrator CITCO FUND ADMINISTRATION (CAYMAN ISLANDS) LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS LLP TORONTO, Canada

Custodian CITCO BANKING CORPORATION N.V. (CURACAO) WILLEMSTAD, Curacao Related to adviser: No

Custodian CREDIT SUISSE SECURITIES (USA) LLC NEW YORK, New York, United States Related to adviser: No

Prime broker CREDIT SUISSE SECURITIES (USA) LLC NEW YORK, New York, United States

Provider details

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

PRICEWATERHOUSECOOPERS LLP
PCAOB 271

CREDIT SUISSE SECURITIES (USA) LLC
SEC 8-422

CREDIT SUISSE SECURITIES (USA) LLC
CRD 816 · SEC 8-422

Fund details & source

Fund ID: 805-8516059514
Reported beneficial owners: 3
Minimum commitment: $0
Form D file number: 021-285143

Form ADV 1719086 · Feb 24, 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: Mar 20, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

73 ARCH STREET, 3RD FLOOR
GREENWICH, CT, 06830, United States

CRD 111288

Filing source

Form ADV 2077463 · Mar 20, 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.