Data / Investment advisers / Illinois / LFL Advisers, LLC
LFL Advisers, LLC, Evanston, IL: $507 million AUM, SEC registered investment adviser
LFL Advisers, LLC is an SEC registered investment adviser with its main office in Evanston, Illinois and reports $507 million in regulatory assets under management in its Form ADV filed March 17, 2026. Its clients include pooled investment vehicles, corporations and other businesses and state and municipal governments. It is paid through a percentage of assets under management, performance based fees and other fees. It advises 1 private fund.
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- Registration
- SEC registered investment adviser
- CRD number
- 163963
- SEC file number
- 801-107937
- SEC status
- Approved, effective June 10, 2016
- Main office
- 1560 Sherman Ave Suite 530, Evanston, IL 60201
- Phone
- (847) 868-8750
- Regulatory AUM
- $506,809,000 in the Form ADV filed March 17, 2026
- Discretionary AUM
- $506,809,000
- Accounts
- 4
- Employees
- 3, of which 2 give investment advice
- Form of organization
- Limited Liability Company
- Paid through
- a percentage of assets under management, performance based fees, other fees
- Private funds
- 1: 1 hedge fund
- Gross assets of private funds
- $278,196,000
- Form ADV Item 11 disclosures
- None reported
- Latest Form ADV filing
- March 17, 2026
- SEC record
- Investment Adviser Public Disclosure
Clients
Client types the adviser reports in Form ADV item 5.D, with the AUM it attributes to each.
| Client type | Clients | AUM |
|---|---|---|
| Pooled investment vehicles | 1 | $278.2 million |
| Corporations or other businesses | 2 | $131.9 million |
| State or municipal government entities | 1 | $96.7 million |
AUM in the SEC's monthly files
Each change in the AUM the adviser reported across the monthly SEC files held here, with the first file that shows the new value.
| First in the file of | AUM | Form ADV filed |
|---|---|---|
| April 1, 2026 | $506.8 million | March 17, 2026 |
| December 1, 2025 | $447.1 million | March 11, 2025 |
Other advisers in Evanston
| Adviser | City | AUM | Private funds | Source |
|---|---|---|---|---|
| Magnetar Asset Management LLC | Evanston | $1.92 billion | Not listed | adviserinfo.sec.gov |
| Silver Oak Services Partners,Llc | Evanston | $1.84 billion | 8 | adviserinfo.sec.gov |
| Romano Wealth Management | Evanston | $1.54 billion | Not listed | adviserinfo.sec.gov |
| Fidus Investment Advisors, LLC | Evanston | $1.44 billion | 2 | adviserinfo.sec.gov |
| Industrial Opportunity Partners, LLC | Evanston | $1.34 billion | 3 | adviserinfo.sec.gov |
| Zimmerman Wealth Management, LLC | Evanston | $472.4 million | Not listed | adviserinfo.sec.gov |
| Siena Capital Partners GP, LLC | Evanston | $379.3 million | 1 | adviserinfo.sec.gov |
| Maxwell Street Capital Partners, LP | Evanston | $284.3 million | 4 | adviserinfo.sec.gov |
Also on SpecStream
- Investment advisers in Evanston, IL
- Investment advisers in Illinois
- Advisers with $500 million to $1 billion in AUM
- Advisers serving pooled investment vehicles
- Advisers serving corporations and other businesses
- Advisers that manage private funds
- LFL Advisers, LLC on the SEC's adviser search
Updated November 7, 2026. Read from the SEC's Form ADV data files for investment advisers. Public data published by the US Securities and Exchange Commission (US government work). Advisers report these values themselves in Form ADV, and neither the SEC nor the states approve or guarantee them. AUM is regulatory assets under management as the adviser reported it in Form ADV item 5.F, which can differ from the AUM a firm quotes elsewhere. Exempt reporting advisers do not report AUM. Office address, phone and website are the adviser's main office as filed; a firm that files its main office as a private residence shows no street address or phone. An Item 11 disclosure is a reported event, not a finding about the firm today. Details for each firm are on the SEC's Investment Adviser Public Disclosure site. This page uses SEC data and is not endorsed or certified by the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.