J.f. Lehman And Company LLC

J. F. Lehman & Company LLC (JFLCO) is a financial advisor firm established with a focus on investing in companies in the defense, aerospace, maritime, and environmental industries, as well as related technologies. The firm provides portfolio management and administrative services to private equity funds, primarily making control investments in lower middle market companies with unique engineering competencies and technology-driven products. The firm's investment recommendations are communicated to the general partner of the applicable fund, with the general partner ultimately responsible for final investment decisions. JFLCO managed approximately $4.2 billion in client assets on a discretionary basis as of December 31, 2022. Regarding fees, JFLCO receives a management fee equal to 2% of total capital commitments of the fund, with variations based on the stage of the fund. Performance-based fees are assessed at 20% of realized gains, subject to certain conditions. The firm's investment strategy focuses on long-term investments in its target industries, with an emphasis on creating value in portfolio companies. Clients of JFLCO are limited partnerships or entities formed under U.S. or foreign laws, with assets generally exceeding $1,000,000. JFLCO maintains discretionary authority over investment decisions within specified guidelines and limitations set forth in each fund's agreement. The firm does not utilize brokerage platforms due to the nature of private equity investing. JFLCO provides regular reports to clients, including financial summaries and market outlooks for portfolio companies. The firm and its affiliates have custody of the funds' securities and cash, with assets held by an independent custodian. JFLCO's investment affiliates, including the general partner entities, are subject to the supervision and control of JFLCO, ensuring compliance with regulatory requirements.