Legion Partners Asset Management, LLC is a registered investment advisor that provides investment management services through pooled investment vehicles and separately managed accounts. The firm specializes in deep fundamental research, long-term oriented investing, and actively engaging with the management and boards of small-cap public companies to enhance shareholder value. Legion Partners focuses on North American equities, typically holding eight to twelve core investments with a target holding period of two to three years. The firm primarily serves institutional investors, such as public and corporate pension funds, endowments, and foundations, as well as high net worth individuals and family offices.
Fee Structure
Legion Partners Asset Management, LLC charges investors a combination of management fees and performance-based fees, or sometimes performance-based fees alone, as defined in each investor's agreement. Management fees are typically calculated as a percentage of net asset value and billed quarterly in advance. Performance-based fees are charged on realized and/or unrealized net investment profits, structured using either an absolute return model with a return floor or a hurdle-based model that requires investors to receive a return of capital plus a preferred return before performance fees apply.