Libremax Capital, Llc
SEC-registered
Private Fund Manager · Large ($10B–$100B)
CRD 155486
· SEC file 801-72148
· New York, NY
· www.linkedin.com
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ADV data as of Mar 17, 2026
- Regulatory AUM
- $13.9B
- Discretionary
- $13.8B
- Clients
- 57
- Avg AUM / client
- $243M
- Accounts
- 57
- Employees
- 74
AUM over time
$1.7B
$13.9B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 17, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 55 | $13.4B | 96.6% |
| State or municipal government entities | 1 | $330M | 2.38% |
| Other investment advisers | 1 | $142M | 1.02% |
Private funds (42)
View all →Reported in Form ADV Section 7.B.(1), filing of Aug 2024 · $15.6B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Libremax Master Fund, Ltd. master | Hedge Fund | Cayman Islands | $1.4B | 117 |
| Libremax Core Fund, Lp | Hedge Fund | Delaware | $869M | 30 |
| Libremax Value Master Fund, Ltd. master | Hedge Fund | Cayman Islands | $808M | 39 |
| Libremax E Value Master Fund, Ltd. master | Hedge Fund | Cayman Islands | $769M | 9 |
| Libremax E Value Offshore Fund, Ltd. feeder | Hedge Fund | Cayman Islands | $769M | 8 |
| Libremax Opportunistic Value Master Fund, Lp master | Hedge Fund | Delaware | $742M | 12 |
| Libremax Opportunistic Value Fund, Lp feeder | Hedge Fund | Cayman Islands | $742M | 11 |
| Libremax Value Offshore Fund, Ltd. feeder | Hedge Fund | Cayman Islands | $721M | 14 |
| Libremax Offshore Fund, Ltd feeder | Hedge Fund | Cayman Islands | $704M | 38 |
| Libremax Partners, Lp feeder | Hedge Fund | Delaware | $662M | 78 |
| Trimaran Cavu 2019 1 Ltd. | Securitized Asset Fund | Cayman Islands | $594M | 1 |
| Trimaran Cavu 2021 3 Ltd. | Securitized Asset Fund | Cayman Islands | $498M | 1 |
| Trimaran Cavu 2019 2 Ltd. | Securitized Asset Fund | Cayman Islands | $495M | 1 |
| Trimaran Cavu 2021 1 Ltd. | Securitized Asset Fund | Cayman Islands | $474M | 1 |
| Catamaran Clo 2014 1 Ltd. | Securitized Asset Fund | Cayman Islands | $459M | 0 |
People (7)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Bruttomesso, Frank, James | Chief Operating Officer & General Counsel | Jun 2010 (16y) | Less than 5% | |
| Lippmann, Greg, Holden | Chief Investment Officer & Portfolio Manager | Jun 2010 (16y) | ≈ 10.55% – 50% via Gkl Holdings, Llc | |
| Radeff, Gloria, V | Chief Administrative Officer | Jun 2010 (16y) | Less than 5% | |
| Lippmann, Kimberly, Lee | Manager | Oct 2010 (16y) | GP / trustee / elected manager of Gkl Holdings, Llc (indirect) | |
| Lesnick, Ross, Adam | Chief Financial Officer | Aug 2012 (14y) | Less than 5% | |
| Sedaka, Craig | Portfolio Manager | Jan 2018 (9y) | Less than 5% | |
| Seiler, Kenneth, Lee | Chief Compliance Officer & Counsel | Oct 2023 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Libremax Intermediate Holdings, Lp | Manager | Oct 2018 | A | 75% or more |
| Libremax Capital Holdings, Lp | Limited Partner | Oct 2018 | B | ≈ 56.25% – 100% via Libremax Intermediate Holdings, Lp |
| Gkl Holdings, Llc | Limited Partner | Apr 2018 | B | ≈ 14.06% – 50% via Libremax Capital Holdings, Lp |
| Libremax Gp Holdings, Llc | General Partner | Mar 2018 | B | GP / trustee / elected manager of Libremax Capital Holdings, 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):
- Lippmann, Greg, Holden: 75% – 100% of Gkl Holdings, Llc × 25% – 50% of Libremax Capital Holdings, Lp × 75% – 100% of Libremax Intermediate Holdings, Lp × 75% – 100% direct ≈ 10.55% – 50% of the firm
- Libremax Capital Holdings, Lp: 75% – 100% of Libremax Intermediate Holdings, Lp × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Gkl Holdings, Llc: 25% – 50% of Libremax Capital Holdings, Lp × 75% – 100% of Libremax Intermediate Holdings, Lp × 75% – 100% direct ≈ 14.06% – 50% 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 (42, $15.6B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Libremax Master Fund, Ltd. | Hedge Fund | $1.4B | $1.0M | 117 |
| Libremax Core Fund, Lp | Hedge Fund | $869M | $1.0M | 30 |
| Libremax Value Master Fund, Ltd. | Hedge Fund | $808M | $1.0M | 39 |
| Libremax E Value Master Fund, Ltd. | Hedge Fund | $769M | $1.0M | 9 |
| Libremax E Value Offshore Fund, Ltd. | Hedge Fund | $769M | $5.0M | 8 |
| Libremax Opportunistic Value Master Fund, Lp | Hedge Fund | $742M | $10.0M | 12 |
| Libremax Opportunistic Value Fund, Lp | Hedge Fund | $742M | $10.0M | 11 |
| Libremax Value Offshore Fund, Ltd. | Hedge Fund | $721M | $5.0M | 14 |
| Libremax Offshore Fund, Ltd | Hedge Fund | $704M | $5.0M | 38 |
| Libremax Partners, Lp | Hedge Fund | $662M | $5.0M | 78 |
| Trimaran Cavu 2019 1 Ltd. | Securitized Asset Fund | $594M | $250K | 1 |
| Trimaran Cavu 2021 3 Ltd. | Securitized Asset Fund | $498M | $250K | 1 |
| Trimaran Cavu 2019 2 Ltd. | Securitized Asset Fund | $495M | $250K | 1 |
| Trimaran Cavu 2021 1 Ltd. | Securitized Asset Fund | $474M | $250K | 1 |
| Catamaran Clo 2014 1 Ltd. | Securitized Asset Fund | $459M | $250K | 0 |
| Trimaran Cavu 2023 2 Ltd | Securitized Asset Fund | $451M | $250K | 0 |
| Trimaran Cavu 2023 1 Ltd | Securitized Asset Fund | $400M | $250K | 0 |
| Trimaran Cavu 2022 2 Ltd | Securitized Asset Fund | $399M | $250K | 0 |
| Trimaran Cavu 2022 1 Ltd | Securitized Asset Fund | $399M | $250K | 0 |
| Trimaran Cavu 2021 2 Ltd. | Securitized Asset Fund | $398M | $250K | 1 |
| Catamaran Clo 2018 1 Ltd. | Securitized Asset Fund | $376M | $250K | 0 |
| Libremax Dislocation Master Fund, Lp | Hedge Fund | $263M | $10.0M | 100 |
| Cavu Investment Partners, Llc | Other Private Fund | $201M | $100K | 3 |
| Badgermax Partners, Lp | Hedge Fund | $200M | $10.0M | 3 |
| Libremax Pc Fund, Lp | Hedge Fund | $161M | $1.0M | 1 |
Top 25 of 42 funds by gross assets · all funds
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/17/2026 | 10.9 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
Services
- • Portfolio management for pooled investment vehicles
- • Other services
Custody
Reported custodians
- J.P. Morgan $657M (5% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 17, 2026.
View current Form ADV (SEC/IAPD) ↗