| Fund ID | 805-4796778913 |
| Fund type | Private Equity Fund |
| 3(c)(1) exclusion | No |
| 3(c)(7) exclusion | Yes |
| Master fund | No |
| Feeder fund | No |
| Fund of funds | No |
| Relies on exemption from registration | Yes |
| Annual audit | Yes |
| Prepared per GAAP | Yes |
| Sub-advised | No |
| % of assets independently valued | 100% |
| Owned by the adviser or related persons | 1% |
| Owned by funds of funds | 20% |
| Owned by non-U.S. persons | 1% |
| Fund | Type | Gross assets |
|---|---|---|
| Lapis Municipal Opportunities Fund V LP | Private Equity | $161.1M |
| Lapis Municipal Opportunities Fund III LP | Private Equity | $84.9M |
| Lapis Crestone Municipal Opportunities Fund III LP | Private Equity | $31.8M |
Lapis Municipal Opportunities Fund IV LP reports $342.9 million in gross assets, among the top 22% of private funds by size.
The stated minimum investment is $50,000.
Lapis Municipal Opportunities Fund IV LP is managed by Lapis Advisers, LP.
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.