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LMR Partners
Louis Bacon founded LMR Partners in 2009 as a multi-strategy investment manager that sits between a single-family office and a hedge fund.
LMR Partners
Louis Bacon founded LMR Partners in 2009 as a multi-strategy investment manager that sits between a single-family office and a hedge fund. Bacon built his fortune through Moore Capital Management, a macro hedge fund he started in 1990, and LMR represents a vehicle to deploy his personal capital across a broader set of strategies. The firm invests across global long/short equity, macro, credit, and multi-asset strategies, with a significant allocation to infrastructure and real estate. LMR's focus on capital preservation and risk management mirrors Bacon's approach at Moore. The firm maintains a permanent capital base from Bacon's wealth. LMR operates from London and Hong Kong, with a lean team relative to its assets. The firm has not disclosed headcount or AUM. In 2023, LMR expanded its infrastructure investment team, signaling a continued push into long-duration assets. LMR's structural differentiator is its hybrid model: it functions as a family office with the institutional discipline and multi-strategy capability of a hedge fund. This allows long-duration deployment without the quarterly redemption pressures of a pure hedge fund.
General information
Firm type
Single Family Office
Year founded
2009
AUM
Undisclosed
Location
Region
Europe
Country
United Kingdom
City
London
Corporate office
London, United Kingdom
Additional offices
Hong Kong
Principals
Louis Bacon
Founder
Sector focus
Frequently asked questions
Who runs investment decisions at LMR Partners?
Louis Bacon is the founder and oversees the firm's strategic direction. Day-to-day investment decisions are made by portfolio managers across the firm's London and Hong Kong offices.
How does LMR Partners source proprietary deal flow?
LMR leverages its hybrid family-office and hedge fund structure to access both public-market liquidity and private-market opportunities, including infrastructure and real estate deals sourced through its team relationships.
Is LMR Partners structured as a single family office or does it operate more like a venture firm?
LMR operates as a multi-strategy investment manager that functions like a hedge fund, but its permanent capital base from Louis Bacon's wealth gives it the long-duration profile of a family office.
Does LMR Partners participate in fund commitments or only direct deals?
LMR is known for direct investments in infrastructure and real estate, alongside traded markets via its multi-strategy fund. It does not publicly disclose the split between direct and indirect deployment.
What investment stages does LMR Partners typically target?
The firm targets liquid public markets through long/short equity, macro, and credit strategies, and illiquid infrastructure and real estate assets for long-duration capital.
Which sectors does LMR Partners explicitly avoid?
LMR has not publicly disclosed explicit sector avoidance. Its known focus is on traditional asset classes and infrastructure, without exposure to venture-stage or early-stage equity.
Where does the underlying wealth come from?
The capital deployed by LMR is drawn from Louis Bacon's personal wealth, amassed as a hedge fund manager at Moore Capital Management, which he founded in 1990.
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