{
  "crd_number": 304733,
  "slug": "lisc-fund-management-llc-new-york-ny-304733",
  "primary_business_name": "LISC FUND MANAGEMENT, LLC",
  "legal_name": "LISC FUND MANAGEMENT, LLC",
  "dbas": [],
  "city": "New York",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2020-12-14",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-07-21",
  "carried_forward": false,
  "raum_total": 614556668.0,
  "raum_discretionary": 614556668.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 14,
  "advisory_employees": 14,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 614556668.0,
      "count": 12
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "DC",
    "NY"
  ],
  "websites": [
    "https://facebook.com/lisc.org",
    "https://instagram.com/lisc_hq",
    "https://linkedin.com/company/lisc-fund-management",
    "https://linkedin.com/company/local-initiatives-support-corporation-lisc",
    "https://linkedin.com/showcase/charlotte-housing-opportunity-investment-fund",
    "https://linkedin.com/showcase/cleveland-housing-investment-fund",
    "https://linkedin.com/showcase/dallas-housing-opportunity-fund",
    "https://linkedin.com/showcase/detroit-housing-for-the-future-fund",
    "https://linkedin.com/showcase/entrepreneurs-opportunity-community-loan-fund",
    "https://linkedin.com/showcase/national-strategic-investments-impact-fund",
    "https://linkedin.com/showcase/new-york-forward-loan-fund",
    "https://linkedin.com/showcase/pbf-family-of-funds",
    "https://linkedin.com/showcase/southern-opportunity-and-resilience-fund",
    "https://lisc.org",
    "https://liscfm.com",
    "https://liscfm.org",
    "https://liscfundmanagement.com",
    "https://liscfundmanagement.org",
    "https://liscsi.org",
    "https://liscstrategicinvestments.org",
    "https://x.com/LISC_HQ",
    "https://youtube.com/@liscfundmanagement",
    "https://youtube.com/@liscstrategicinvestments",
    "https://youtube.com/@localinitiatives"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/304733",
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/lisc-fund-management-llc-new-york-ny-304733",
  "display_name": "Lisc Fund Management, LLC",
  "summary": "Lisc Fund Management, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2020, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated July 21, 2026.",
  "citation": "AdvisorCensus. Lisc Fund Management, LLC (CRD 304733): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Lisc Fund Management, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Lisc Fund Management, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees."
    },
    {
      "q": "How much does Lisc Fund Management, LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated July 21, 2026 states: Asset-based fee: 0.25% to 2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Lisc Fund Management, LLC located?",
      "a": "Lisc Fund Management, LLC's principal office is in New York, NY, according to its Form ADV; the August 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Lisc Fund Management, LLC registered with the SEC or a state?",
      "a": "Lisc Fund Management, LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 304733."
    },
    {
      "q": "How much does Lisc Fund Management, LLC manage?",
      "a": "Lisc Fund Management, LLC reports $614,556,668 in regulatory assets under management in its Form ADV filing dated July 21, 2026 (100% discretionary)."
    },
    {
      "q": "How have Lisc Fund Management, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Lisc Fund Management, LLC: Regulatory assets under management: $591,500,000 in the October 2021 data and $614,556,668 in the October 2026 data, up 4%. Total employees: 10 in October 2021 and 14 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Lisc Fund Management, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (12)."
    },
    {
      "q": "Does Lisc Fund Management, LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/304733"
    },
    {
      "q": "What changed in Lisc Fund Management, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 17 to 14. Regulatory assets under management went from $797,471,470 to $614,556,668 (-23%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 591500000.0,
      "total_employees": 10,
      "filing_date": "2021-03-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 748909480.0,
      "total_employees": 22,
      "filing_date": "2022-04-29"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 879084480.0,
      "total_employees": 27,
      "filing_date": "2023-04-27"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 840021709.0,
      "total_employees": 10,
      "filing_date": "2024-06-14"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 797471470.0,
      "total_employees": 17,
      "filing_date": "2025-05-02"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 614556668.0,
      "total_employees": 14,
      "filing_date": "2026-07-21"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 17 to 14.",
        "Regulatory assets under management went from $797,471,470 to $614,556,668 (-23%)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer lists the business name Lisc Strategic Investments.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated July 21, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.25% to 2% a year",
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.25% to 2% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "The Management Fee ranges from 0.25% to 2.00%, on an annualized basis, of the gross asset value of the capital account balances of each Fund Investor, determined as of the beginning of each monthly period."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": [
        0.25,
        2.0
      ],
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "The Management Fee ranges from 0.25% to 2.00%, on an annualized basis, of the gross asset value of the capital account balances of each Fund Investor, determined as of the beginning of each monthly period."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/lisc-fund-management-llc-new-york-ny-304733.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 12,
      "fewer_than_5": false,
      "raum": 614556668.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/304733",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}