Lateral Investment Management, LLC

Lateral Investment Management, LLC (LIM) is a growth equity investment adviser founded in 2014, providing discretionary and non-discretionary services to private pooled investment funds. LIM primarily targets short-term credit financing for lower middle-market companies. The firm operates as a single advisory business with Lateral SMA Agent, LLC (LSMA). LIM manages approximately $719 million on a discretionary basis and $128 million on a non-discretionary basis as of December 31, 2024. The firm's investment strategy focuses on growth capital for non-sponsored lower middle-market companies. LIM's clients include family offices, individuals, trusts, and foundations. The firm does not participate in wrap fee programs and does not charge additional management fees for investments in other funds. LIM compensates through management fees and performance-based fees, with specific terms varying by fund. The firm has no disciplinary information to disclose and has custody of client funds through its relationship with the Funds. LIM has adopted a Code of Ethics and proxy voting policies to ensure compliance and best interests of clients. The firm does not engage in cross trades or principal transactions, and brokerage practices are tailored to the specific needs of the Niagara Plus Funds and Panther Plus Funds. LIM does not compensate third parties for client referrals and has no financial conditions impairing its ability to meet commitments.