# LL Funds: portfolio, investments and team

> LL Funds is a private equity based in United States. 2 investments on record, latest Mar 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/ll-funds (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# LL Funds

Last cheque observed Mar 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet Private equity

Seed Series A Series B Asset-backed Finance Specialty Finance Real Assets

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 2 on record

Since the last cheque **2778** days **00** hrs **00** min **00** sec

Median round **$160M** Rounds led **0 of 2** Sole investor **2 rounds**

Pitch LL Funds

## LL Funds highlights

- 01 2 rounds on record
- 02 Mostly Debt: 100% of its rounds
- 03 Sole investor in 2 rounds, median $160M

## What they do

> Tailored, unlevered private credit and warehouse solutions designed to deliver durable current income with structural protections and controlled downside risk. From their own website

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Asset-backed Finance Specialty Finance Real Assets
- **Based in:** Philadelphia, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **2 appearances**

- **2019** 1 round
- **Mar** **[Tammac](https://millionrounds.com/company/tammac)** Debt · US · FinSMEs **$60M** Sole investor
- **2017** 1 round
- **Jan** **[OfferPad](https://millionrounds.com/company/offerpad)** Debt · US · FinSMEs **$260M** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **8 named**

DH **Desai H. Pranav** Chief Financial Officer i Form ADV

JA **James Andrew Morrissey** Partner, Portfolio Manager i Form ADV

MS **Marek Skawinski** Partner, Portfolio Manager i Form ADV

PA **Paul Anthony Frick** Vice President, Chief Compliance Officer i Form ADV

RM **Roberto Marco Sella** Managing Partner, Portfolio Manager i Form ADV

RP **Rufus Putnam Coes** Partner, Chief Operating Officer i Form ADV

SM **Shivraj Mundy** Partner, Portfolio Manager i Form ADV

VK **Vijay Kumar Krishnamurthy** Partner i Form ADV

We also hold **26** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$2.6B** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** LL Funds, LLC
- **SEC number:** CRD 161552

Funds on its Form ADV

**17** private funds, **$2.3B** in gross assets · filed Oct 2024

Private equity **13** Private fund that extends lo **2** Private fund investing in mo **1**

- LL Mortgage Fund, L.P. *Private fund investing in mo* 197 investors $826M
- LL Private Lending Fund, L.P. *Private fund that extends lo* 131 investors $291M
- LL Strategic Opportunities Fund, L.P. LL Opportunistic ABS 2022 Series *Private equity* 84 investors $256M
- LL Capital Partners III, L.P. *Private equity* 82 investors $167M
- LL Private Lending Fund II, L.P. *Private fund that extends lo* 100 investors $154M
- LL Capital Partners II, L.P. *Private equity* 46 investors $137M
- Ultra Capital Sustainable Infrastrusture Fund II, L.P. *Private equity* 41 investors $128M
- LL Capital Partners II Parallel, L.P. *Private equity* 19 investors $111M
- LL Capital Partners I, L.P. *Private equity* 100 investors $85M
- LL Strategic Opportunities Fund, L.P. Intermediate RISK ABS Portfolio 2021 Series *Private equity* 3 investors $42M

And 7 more on the filing.

## The cheque

Seed Series A Series B

Median round joined **$160M** the round, not its cheque Alone, median **$160M**

Led 0 of 2 rounds **0%**

- **Sole investor:** 2 rounds
- **Last cheque:** Mar 2019

Rounds by stage said on their site

- Debt *2*
- Seed said *-*
- Series A said *-*
- Series B said *-*
- Growth said *-*

Cheques by year Led Joined

2017 2019

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## Recently backed

The latest companies LL Funds put money into.

[**OfferPad** $260M · Jan 2017](https://millionrounds.com/company/offerpad)

## Quick answers about LL Funds

### What does LL Funds invest in?

LL Funds invests most often at Debt (100% of the rounds on record), in sectors such as Asset-backed Finance, Specialty Finance and Real Assets.

### How active is LL Funds?

2 investments on record, 0 of them in the last 12 months. The most recent was in Mar 2019.

### What has LL Funds invested in recently?

Its most recent investments on record: Tammac (Debt, Mar 2019) and OfferPad (Debt, Jan 2017).

### How big are LL Funds's cheques?

The median round it joins is $160M.

### Is LL Funds investing now?

No investments in the last 12 months; the latest was in Mar 2019.

### What kind of investor is LL Funds?

LL Funds is a private equity firm based in Philadelphia, United States.

### How much does LL Funds manage?

About $2.6B, as regulatory assets under management (Oct 2026).

### When was LL Funds founded?

LL Funds was founded in 2009.

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