Clients
Libremax Capital serves 57 clients, 55 of them pooled investment vehicles. The average client has about $243 million with the firm.
- Pooled investment vehicles55 clients97%
- State or municipal government entities1 clients2%
- Other investment advisers1 clients1%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 55 | $13,398,877,000 | 96.6% | $243.6M |
| State or municipal government entities | 1 | $330,000,000 | 2.4% | $330.0M |
| Other investment advisers | 1 | $141,676,000 | 1.0% | $141.7M |
| Total | 57 | $13,870,553,000 | 100% | $243.3M |
- Clients
- 55
- Regulatory AUM
- $13,398,877,000
- Share
- 96.6%
- Avg. per client
- $243.6M
- Clients
- 1
- Regulatory AUM
- $330,000,000
- Share
- 2.4%
- Avg. per client
- $330.0M
- Clients
- 1
- Regulatory AUM
- $141,676,000
- Share
- 1.0%
- Avg. per client
- $141.7M
Total
- Clients
- 57
- Regulatory AUM
- $13,870,553,000
- Share
- 100%
- Avg. per client
- $243.3M
What it does
Libremax Capital provides portfolio management for pooled vehicles and other activities. It is paid through a percentage of assets and performance-based fees.
Libremax Capital advises 49 private funds.
99.2% of assets ($13.76B across 56 accounts) are managed with discretion; $108.4M across 1 account is not. 72% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Funds6%
- Other94%
- Structured credit94%
Custodians
Libremax Capital’s client accounts are held mainly at J.P. Morgan, with 5% of managed assets. Libremax Capital has custody of client assets.
- J.P. MorganJ.P. Morgan Securities LLC · New York, NY · $657.2M5%
- All other custodians$13.21B95%
Ownership and leadership
Libremax Intermediate Holdings, LP owns 75% or more of Libremax Capital.
- Owns 75% or more of Libremax Capital, LLC
Libremax Intermediate Holdings, LP
Control person · since October 2018
- Owns 75% or more of Libremax Intermediate Holdings, LP
Libremax Capital Holdings, LP
Control person · since October 2018
- Owns 25% to 50% of Libremax Capital Holdings, LP
GKL Holdings, LLC
Control person · since April 2018
- Owns 75% or more of GKL Holdings, LLC
Greg Lippmann
Control person · since October 2010
Kimberly Lippmann
Manager · Control person · since October 2010
Libremax GP Holdings, LLC
General partner · Control person · since March 2018
Leadership
- Ross LesnickChief Financial Officer
- Frank BruttomessoChief Operating Officer & General Counsel
- Kenneth SeilerChief Compliance Officer & Counsel
- Greg LippmannChief Investment Officer & Portfolio Manager
- Gloria RadeffChief Administrative Officer
- Craig SedakaPortfolio Manager
Staff
- 74 employees
- 44 in advisory functions
Fees
Libremax Capital is paid through a percentage of assets under management and performance-based fees.
Libremax Capital’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Libremax Capital has 2 offices (1 private residence, listed without an address), with 2 listed addresses across 2 states.
California · 1 listed address
- 2450 Colorado Avenue, Santa Monica
New York · 1 listed address
- 601 Lexington Avenue, 30th Floor, New YorkHQ
Registration details
- Legal name
- Libremax Capital, LLC
- Headquarters
- 601 Lexington Avenue, 30th Floor, New York, NY 10022
- Phone
- 212-612-1550
- Website
- Not reported
- SEC file
- 801-72148
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Libremax Capital have?
Libremax Capital has 57 clients and manages $13.9 billion for them, as of March 2026. They include 55 pooled investment vehicles, 1 state or municipal government entities and 1 other investment advisers.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 March 2026
What services does Libremax Capital offer?
Libremax Capital provides portfolio management for pooled vehicles and other activities.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Libremax Capital use?
Libremax Capital’s separately managed account assets are held at J.P. Morgan Securities LLC (New York, NY), with $657,190,000. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 March 2026
How many financial advisors does Libremax Capital have?
Libremax Capital has 0 investment adviser representatives registered with state securities authorities, out of 74 employees, and 44 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Libremax Capital invest in?
At the end of its last fiscal year, Libremax Capital’s separately managed accounts held 94% structured credit and 6% registered funds (mutual funds, ETFs, BDCs). It advises 49 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Libremax Capital?
Libremax Capital is owned through a chain of holding companies by Greg Lippmann. Its direct owner is Libremax Intermediate Holdings, LP (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 17 March 2026
How does Libremax Capital get paid?
Libremax Capital is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file