3l Capital Management, LLC

3L Capital Management, LLC is an investment adviser firm founded in 2017 by David T. Leyrer and Shawn Colo, focusing on multi-stage growth equity investing in tech-enabled consumer and enterprise businesses. The firm serves as the investment adviser to pooled investment vehicles and special purpose funds, with affiliates serving as General Partners. 3L Capital primarily invests in venture capital and growth equity securities, aiming for long-term capital appreciation. The firm exercises full investment discretion over the Funds, with Limited Partners having no input on investment decisions. The minimum initial investment amount is $1,000,000, subject to waiver. 3L Capital manages regulatory assets under management of $850,657,984 as of December 31, 2024, on a discretionary basis. The firm charges Management Fees typically ranging between 1.5% - 2.0% and Carried Interest of 10% - 25% of net profits. 3L Capital complies with Rule 205-3 under the Advisers Act regarding Carried Interest. The firm does not participate in wrap fee programs and does not engage in soft dollar arrangements. 3L Capital has a Code of Ethics to ensure compliance with fiduciary obligations and securities laws, with provisions to prevent improper personal trading and use of material, nonpublic information. The firm reviews all Fund portfolios regularly and engages third-party placement agents for client referrals. 3L Capital has custody of Fund assets and ensures compliance with the Custody Rule through annual audits. The firm has discretionary authority to manage client accounts and exercises voting authority on client securities when necessary. 3L Capital maintains a conflict of interest policy for proxy voting and does not require prepayment exceeding $1,200 per client.