Managers/Private equity/Texas/Biglari Capital

Biglari Capital

Biglari Capital is a private equity manager in San Antonio, TX. It is registered with the SEC as an investment adviser with $1B in regulatory assets and 4 staff. It has 2 funds on file, the latest reported in May 2026.

Funds on file
2
Raised, all funds
$40M
Regulatory assets
$1B
Staff
4
Pension investors
None found
See the adviser's own filing →

Latest fund filing

Funds

DateFundTypeRaisedTarget
May 2026 Lion 12 LP Private equity $40M $40M
Oct 2023 Lion Fund III-B, LP Private equity $0 Not given

Adviser record

RegistrationRegistered with the SEC as an investment adviser.
Regulatory assets$1B
Employees4
Clients2 private funds.
Control personsSardar Biglari, Bruce Lewis.
Private funds2 private funds holding $744.7M in gross assets.

Private funds it reports

FundTypeGross assets
The Lion Fund II Hedge fund $373.3M
The Lion Fund Hedge fund $371.4M