LAPIS ADVISERS, LP
LAPIS ADVISERS, LP is a Series C+, debt, buyout and other fund in the US investing in credit, municipal-bonds, distressed-debt, real-estate, healthcare-tech and senior-living.
- Stages
- Series C+, debt, buyout, other
- Sectors
- credit, municipal-bonds, distressed-debt, real-estate, healthcare-tech, senior-living
- Invests in
- US-wide
- Actively investing
- Yes
- Founded
- 2009
- Assets under management
- $789M
- Website
- lapisadvisers.com
Check size not disclosed
Thesis
Lapis Advisers, LP, founded in 2009, is a registered investment adviser specializing in 'special situations' within credit and asset classes. Their core strategy involves identifying and capitalizing on unique opportunities in the municipal bond market, distressed corporate debt, and non-traded REITs, with an expanded focus on high-yield performing credit and equity investments. They excel in valuing, acquiring, and disposing of illiquid securities, often acting as debtor-in-possession (DIP) financiers or acquisition financiers. Their approach is marked by disciplined underwriting, active asset management, and leveraging industry relationships. Lapis targets distressed municipal bonds, secondary distressed debt purchases, direct loans for recapitalization or growth, and DIP financing. They also invest in senior living and healthcare communities, explicitly avoiding generic commercial real estate, tech startups, and oil/gas. Primarily investing in the United States, with noted exposure in Colorado, Illinois, and Michigan, Lapis manages both direct co-investments and fund vehicles. Lapis Municipal Opportunities Fund IV was $440 million. As of December 31, 2024, they managed $895,993,591 in AUM across seven discretionary clients, with total registered AUM of $789,460,902.
Common questions
Does LAPIS ADVISERS, LP invest at the Series C+ stage?
Yes. LAPIS ADVISERS, LP lists Series C+, debt, buyout and other among the stages it invests in.
Where does LAPIS ADVISERS, LP invest?
LAPIS ADVISERS, LP invests in the US.