Long Walk Management LP is an investment advisory firm based in Greenwich, Connecticut, founded in 2020 by James Zimmerman. The firm focuses on achieving long-term capital appreciation by investing in a concentrated portfolio of publicly traded common stocks, primarily in developed countries. Long Walk uses a specific seven-criteria investment framework known by the acronym PEROCCA, which emphasizes researching innovative businesses with overwhelming customer demand and asymmetric investment opportunities. The firm manages assets on a discretionary basis for pooled investment vehicles and separately managed accounts. Long Walk does not offer retail financial planning services and operates primarily as an institutional-style private fund manager for qualified investors.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 1.00% |
Management fee is up to 1% per year, calculated and billed monthly in arrears. The firm also charges a performance-based fee of up to 15% for funds (subject to a 4% hurdle rate and high-water mark) and up to 10% for separately managed accounts. Fees may be waived or modified for affiliates and large or strategic investors.