{"url":"https://nivawealth.com/firms/libremax-capital-155486","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/155486","regulatoryAum":13870553000,"crd":"155486","secFileNumber":"801-72148","legalName":"Libremax Capital, LLC","displayName":"Libremax Capital","website":null,"linkedinUrl":"https://www.linkedin.com/company/libremax-capital-llc/mycompany/","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"601 Lexington Avenue, 30th Floor","city":"New York","state":"NY","stateName":"New York","country":"United States","postalCode":"10022"},"tradeNames":[],"registration":{"secApproved":"9 March 2011","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":74,"advisory":44,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":13762192000,"discretionaryAccounts":56,"nonDiscretionary":108361000,"nonDiscretionaryAccounts":1,"wrapProgram":null,"nonUsClientsPct":72,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":55,"regulatoryAum":13398877000},{"label":"State or municipal government entities","clients":1,"regulatoryAum":330000000},{"label":"Other investment advisers","clients":1,"regulatoryAum":141676000}],"fees":[],"feeNotes":[],"custodians":[{"name":"J.P. Morgan Securities LLC","shortName":"J.P. Morgan","location":"New York, NY","smaAssets":657190000}],"custodyNote":"Libremax Capital has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Ross Lesnick","title":"Chief Financial Officer","crd":"6108403"},{"name":"Frank Bruttomesso","title":"Chief Operating Officer & General Counsel","crd":"2819815"},{"name":"Kenneth Seiler","title":"Chief Compliance Officer & Counsel","crd":"6093977"},{"name":"Greg Lippmann","title":"Chief Investment Officer & Portfolio Manager","crd":"2542975"},{"name":"Gloria Radeff","title":"Chief Administrative Officer","crd":"2909577"},{"name":"Craig Sedaka","title":"Portfolio Manager","crd":"5204768"}],"ownership":[{"label":"Libremax Intermediate Holdings, LP","detail":"Manager in the 75% or more ownership band and a control person, since October 2018."},{"label":"Greg Lippmann","detail":"Indirect owner: a member of GKL Holdings, LLC in the 75% or more band and a control person, since October 2010. Also manager of Libremax GP Holdings, LLC and a control person, since March 2018.","parent":"GKL Holdings, LLC"},{"label":"Kimberly Lippmann","detail":"Indirect owner: manager of GKL Holdings, LLC and a control person, since October 2010.","parent":"GKL Holdings, LLC"},{"label":"GKL Holdings, LLC","detail":"Indirect owner: a limited partner of Libremax Capital Holdings, LP in the 25% to 50% band and a control person, since April 2018. Also a member of Libremax GP Holdings, LLC in the 75% or more band and a control person, since March 2018.","parent":"Libremax Capital Holdings, LP"},{"label":"Libremax GP Holdings, LLC","detail":"Indirect owner: general partner of Libremax Capital Holdings, LP and a control person, since March 2018. Also general partner of Libremax Intermediate Holdings, LP and a control person, since October 2018.","parent":"Libremax Capital Holdings, LP"},{"label":"Libremax Capital Holdings, LP","detail":"Indirect owner: a limited partner of Libremax Intermediate Holdings, LP in the 75% or more band and a control person, since October 2018.","parent":"Libremax Intermediate Holdings, LP"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":2,"privateResidences":1},"listedOfficeAddresses":2,"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"2450 Colorado Avenue","city":"Santa Monica"}]},{"state":"New York","offices":1,"addresses":[{"street":"601 Lexington Avenue, 30th Floor","city":"New York","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"212-612-1550","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Other"],"financialPlanningClients":null,"assetMix":[{"label":"Securities issued by registered investment companies or business development companies","percent":6},{"label":"Other","percent":94,"detail":"Structured Credit"}],"privateFunds":49},"sources":{"adv1FilingDate":"17 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/155486/PDF/155486.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Libremax Capital have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Libremax Capital offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Libremax Capital use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Libremax Capital have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Libremax Capital invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Libremax Capital?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Libremax Capital get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}