Investment adviser · CRD 137785

ZUCKERMAN INVESTMENT GROUP

Investment adviser filing (IA)

ZUCKERMAN INVESTMENT GROUP, LLC

CHICAGO, IL, United States · Form ADV filed Sep 1, 2026

Regulatory AUM: $2.17B
Client accounts: 1,463
Employees: 15
Advisory professionals: 6

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
High-net-worth individuals	266	$1,987,468,692	91.7%
Pooled investment vehicles	14	$86,294,469	4.0%
Individuals	159	$64,858,881	3.0%
Charities	Fewer than 5	$15,735,010	0.7%
Corporations & businesses	Fewer than 5	$8,715,665	0.4%
Retirement plans	Fewer than 5	$3,978,127	0.2%

Filing source

Form ADV 2130159 · Sep 1, 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

2 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.

ZVS LLCPrivate Equity Fund · Last reported Sep 1, 2026$39.3MGross asset value

Form D fundraising filings

ZVS LLC

Auditor FGMK, LLC BANNOCKBURN, Illinois, United States

Custodian CHARLES SCHWAB & CO., INC. ORLANDO, Florida, 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

FGMK, LLC
PCAOB 3968

CHARLES SCHWAB & CO., INC.
SEC 8-16514

Fund details & source

Fund ID: 805-5752946610
Reported beneficial owners: 40
Minimum commitment: $15K
Form D file number: 021-425506

Form ADV 2130159 · Sep 1, 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.

MDSZ, LPOther Private Fund · Last reported Mar 30, 2012$3.6MGross asset value

Custodian JP MORGAN CHASE BANK N.A. CHICAGO, Illinois, United States Related to adviser: No

Provider details

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

Fund details & source

Fund ID: 805-6028918358
Reported beneficial owners: 5
Minimum commitment: $0

Form ADV 610475 · Mar 30, 2012 · 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: Sep 1, 2026. View historical filings

Reported services

Financial planning · Individual portfolio management · Pooled investment vehicle management · Selection of other advisers · Publication of newsletters

Compensation

Percentage of assets

Principal office

155 NORTH WACKER DRIVE, SUITE 1700
CHICAGO, IL, 60606, United States

CRD 137785

Filing source

Form ADV 2130159 · Sep 1, 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.