Hedge fund profile
The Lion Fund, L.P.
The Lion Fund, L.P. is reported as a hedge fund in Form ADV private-fund disclosures. The adviser is Biglari Capital Corp., based in San Antonio, Texas, United States.
$750.2Mgross assets
$5.0Mminimum
62owners
3(c)(7)exemption
Disclosure fields
Fund facts
SEC private fund ID805-2650541385
Reference ID2648
JurisdictionDelaware, United States
Fund of fundsNo
Master fundNo
Feeder fundNo
Non-US ownership0%
Assets valued0%
Annual auditYes
GAAPYes
Source periodMarch 2026
Date submitted03/28/2026 01:36:09 PM
Adviser
TypeRegistered investment adviser
SEC number801-78141
CRD115197
Regulatory AUM$1.0B
Compliance signals
Registration exemption not marked Sales limited Prime brokers reported Custodians reported
Service providers
Reported counterparties
General partners
Biglari Capital Corp.
Auditors
DELOITTE & TOUCHE LLP
Prime brokers
J.P. MORGAN SECURITIES LLC
Custodians
WELLS FARGO BANK, N.A.J.P. MORGAN CHASE & CO.
Same adviser