Locust Wood Capital Advisers, Llc
- Regulatory AUM
- $4.4B
- Discretionary
- $4.4B
- Clients
- 18
- Avg AUM / client
- $244M
- Accounts
- 17
- Employees
- 12
AUM over time
Annual snapshots from Form ADV filings · as of Mar 27, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 0 | $0 | — |
| High net worth individuals | 3 | $60.0M | 1.37% |
| Banking or thrift institutions | 0 | $0 | — |
| Pooled investment vehicles (non-investment companies) | 2 | $1.3B | 29.6% |
| Pension and profit sharing plans | 2 | $658M | 15.0% |
| Charitable organizations | 1 | $85.9M | 1.95% |
| State or municipal government entities | 1 | $615M | 14.0% |
| Other investment advisers | 6 | $1.4B | 31.8% |
| Insurance companies | 1 | $37.0M | 0.84% |
| Sovereign wealth funds and foreign official institutions | 1 | $242M | 5.51% |
| Corporations and other businesses | 0 | $0 | — |
| Other | 1 | $0 | — |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Sep 2024 · $1.1B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Locust Wood Capital, Lp master | Hedge Fund | Delaware | $955M | 542 |
| Locust Wood Long Opportunity Fund, Lp master | Hedge Fund | Delaware | $162M | 51 |
People (2)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Errico, Stephen, John | Chief Investment Officer Of Registrant | Jun 2002 (24y) | ≈ 56.25% – 100% via Lwca Partners Lp | |
| Morris, Paul, Martin | Chief Operating Officer/Chief Compliance Officer | Jan 2007 (20y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Lwca Partners Lp | Managing Member Of Registrant | Mar 2015 | A | 75% or more |
| Lwca Partners Gp Llc | General Partner | Mar 2015 | B | GP / trustee / elected manager of Lwca Partners Lp (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Errico, Stephen, John: 75% – 100% of Lwca Partners Lp × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (2, $1.1B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Locust Wood Capital, Lp | Hedge Fund | $955M | $250K | 542 |
| Locust Wood Long Opportunity Fund, Lp | Hedge Fund | $162M | $250K | 51 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/27/2026 | 2.17 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
- • Other fees
- • PERFORMANCE-BASED ALLOCATIONS
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 27, 2026.
View current Form ADV (SEC/IAPD) ↗