A disciplined path to
business recovery.
A proposed 20-partner investment vehicle, milestone-based capital commitments, and a recovery-focused investment methodology.
Twenty partners. One recovery thesis.
Lazarus is developing a proposed fund with 20 limited partners. Indicative participation begins at CAD $75,000 per position; eligible investors may consider multiple positions. All amounts are proposed, not an active offer, and remain subject to legal formation, eligibility and definitive documents.
Illustration: one $75,000 position would entail three planned $25,000 calls. The entire commitment would remain an obligation once formally accepted under definitive fund documents. The proposed 20-LP minimum would represent $1.5 million in commitments if each LP takes one position.
Three phases, tied to milestones.
Establish the fund
Secure 20 signed LP commitments, legally establish the fund, and put independent audit and financial controls in place. After the first closing and tranche, constitute the Investment Committee and begin reviewing opportunities.
First target agreement
Once the first qualifying target enters into a definitive agreement with Lazarus, announce the second tranche, expected to be due within 30 days under the final fund documents.
Second target agreement
Once a second qualifying target enters into a definitive agreement, call the third and final scheduled tranche in accordance with the fund agreements.
Capital-call triggers, timing, default provisions, reserve requirements and the definition of a qualifying agreement will be finalized in the fund documents.
Committee-led investment decisions.
The proposed Investment Committee would include two LP representatives, general partner representation and one independent external member. It would review opportunities, recovery assumptions, transaction risks and the proposed LVM deployment before investment approval.
Appointment rights, quorum, voting rules, conflict procedures and the GP's ultimate legal authority remain to be determined.
Invest in the intervention. Participate in the recovery.
Lazarus intends to approach highly distressed companies with a proposal to deploy Language Vector Mapping (LVM) across their workforce in exchange for negotiated warrants, equity interests or recovery-linked contractual payouts. The aim is to work with existing management, not replace it.
For publicly traded businesses, recovery measures may be linked to defined share-price or equity-value benchmarks. For private businesses, measures may be tied to a negotiated EBITDA-based valuation methodology.
These are negotiating objectives, not promised returns or automatic cash payments. Warrant exercise, settlement, dilution, liquidity and actual proceeds depend on each transaction's definitive terms.
36-month positions. Seven-year fund horizon.
Individual investments are expected to target 36-month periods, with selected positions potentially extending to 48 months. The fund's proposed final wind-down target is seven years after the first tranche, subject to extensions and realized exits.
Return capital first. Share realized upside.
Proposed interim distributions would be made from realized investment proceeds, subject to liquidity needs, committed deployment and prudent reserves. Under a whole-fund waterfall, contributed LP capital would be returned pro rata before profit sharing begins. Thereafter, additional distributable profits would be allocated 80% to LPs pro rata and 20% to Cratic or its designated carried-interest entity (owner of the LVM technology).
This is a proposed whole-fund waterfall, subject to detailed provisions for reserves, recallable distributions, expenses, taxes, clawbacks and related-party arrangements. Returns and timelines are not guaranteed.
Explore investor participation →The proposed fund is not yet established or accepting subscriptions through this website. This material is preliminary information, not an offer to sell securities or a solicitation to purchase them. Terms may change following legal, tax and regulatory review. Investors could lose all invested capital.