Lakewood, a Delaware limited partnership, and Lakewood Capital Advisors, LLC (“LC GP” or the “General Partner”), a Delaware limited liability company, were formed in January 2007 to serve as investment manager and general partner, respectively, to Lakewood Capital Partners, LP (“LC LP”), a private investment fund organized as a Delaware limited partnership, which commenced investing on July 2, 2007. Lakewood also serves as the investment manager to Lakewood Capital Offshore Fund, Ltd. (“LC Ltd”), a Cayman Islands exempted company, which commenced investing on July 2, 2007. LC Ltd invests substantially all of its assets in LC LP through a master-feeder structure. Therefore, all investing is done at the LC LP level. Together, LC LP and LC Ltd are referred to herein as the “Funds.” Each of the Funds offers two classes; LC LP offers Series One Interests and Series Two Interests and LC Ltd offers Sub-Class One Shares and Sub-Class Two Shares. Lakewood is majority owned and controlled by Lakewood Capital Management (GP), LLC (“LC GP LLC”). LC GP LLC is owned by Anthony T. Bozza and William L. Jackson, Jr. (the “Senior Investment Team”). Mr. Bozza is the Managing Member of LC GP LLC. The General Partner is majority owned and controlled by Bozza Jackson Holdings, LLC (“BJ Holdings”). BJ Holdings is owned by Messrs. Bozza and Jackson. Mr. Bozza is the Managing Member of BJ Holdings. The Petershill II funds managed by Goldman Sachs Asset Management, L.P., hold a passive, minority investment in Lakewood and the General Partner. Lakewood invests the Funds in equity (both long and short equity) and fixed income securities. Lakewood seeks to capitalize on the best risk/reward opportunities. In addition, Lakewood believes that concentrating the Funds’ capital on the Investment Manager’s best ideas leads to the best outcomes. Therefore, Lakewood may take concentrated positions in securities. Lakewood provides investment advice directly to each Fund and not individually to the shareholders (“Investors” or “Limited Partners”) of the Funds. The General Partner manages the Funds’ assets in accordance with the terms of the governing documents applicable to each Fund. The Funds and the General Partner may from time to time enter into agreements with one or more prospective Limited Partners whereby in consideration for agreeing to invest certain amounts in the Funds or other consideration deemed material by the General Partner, such Limited Partners may be granted favorable rights not afforded to other Limited Partners, generally. Such rights may include one or more of the following: special rights to make future investments in the Funds, other investment vehicles or managed accounts, as appropriate; special withdrawal rights, relating to frequency, notice and/or other terms; rights to receive reports from the Funds on a more frequent basis or that include information not provided to other Limited Partners (including, without limitation, more detailed information regarding portfolio positions); rights to receive reduced rates of the Incentive Allocation and/or the management fee; and such other rights as may be negotiated between the Funds, the General Partner and such Limited Partners. In this regard, the Funds and the General Partner may enter into such agreements without the consent of or notice to the existing Limited Partners. No other Limited Partner shall be entitled to participate in any such special arrangement without the approval of the General Partner. The General Partner shall have no obligation to offer any special arrangement to any other Limited Partner, and no Limited Partner that is not offered any such special arrangement shall have any right or claim against the General Partner or the Limited Partner in relation to such special arrangement.

As of January 1, 2020, Lakewood’s assets under management were approximately $4,491,100,000 on a discretionary basis on behalf of 2 clients. (This calculation is based on the aggregate net asset value of the Funds and differs from the “regulatory assets under management” that Lakewood reported in Item 5.F of Part 1A.) please register to get more info

Open Brochure from SEC website
Pooled Investment Vehicles $6,760,000,000
Discretionary $6,760,000,000
Non-Discretionary $
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