Lep Management LLC

LEP Management LLC, also known as Leavitt Equity Partners, is a Utah-based firm established in August 2014 by Michael O. Leavitt. The firm specializes in providing investment advisory services to private investment funds, including high net worth individuals, family offices, and institutions. LEP Management's investment philosophy focuses on minority positions in lower middle-market buyout and growth equity investments in the healthcare sector. The firm aims to generate long-term value for clients by leveraging its industry presence, maintaining a value-based approach, and driving operational transformation. LEP Management's investment strategies involve a high degree of risk, and the firm emphasizes that investments may result in the loss of the entire amount invested. Regarding financial terms, LEP Management typically charges a management fee equal to 2% of aggregate capital commitments of limited partners. The firm may also receive carried interest based on net profits. LEP Management does not participate in wrap fee programs and had regulatory assets under management of $525,274,307 as of December 31, 2024. The firm exercises investment discretion over client assets and has custody of the funds it manages. LEP Management has a Code of Ethics to address conflicts of interest and ensures that personal securities transactions by employees do not interfere with client decisions. The firm votes proxies in the best interest of clients and refrains from voting in certain circumstances. Clients can request information on proxy voting policies and procedures from the Chief Compliance Officer.