0001145549-21-035597.txt : 20210610 0001145549-21-035597.hdr.sgml : 20210610 20210610113831 ACCESSION NUMBER: 0001145549-21-035597 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210331 FILED AS OF DATE: 20210610 DATE AS OF CHANGE: 20210610 EFFECTIVENESS DATE: 20210610 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Infinity Long/Short Equity Fund, LLC CENTRAL INDEX KEY: 0001687430 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-23297 FILM NUMBER: 211007378 BUSINESS ADDRESS: STREET 1: C/O UMB FUND SERVICES, INC. STREET 2: 235 WEST GALENA STREET CITY: MILWAUKEE STATE: WI ZIP: 53212 BUSINESS PHONE: (877) 775-7751 MAIL ADDRESS: STREET 1: C/O UMB FUND SERVICES, INC. STREET 2: 235 WEST GALENA STREET CITY: MILWAUKEE STATE: WI ZIP: 53212 N-CEN 1 primary_doc.xml X0303 N-CEN LIVE 0001687430 XXXXXXXX true false false N-2 Infinity Long/Short Equity Fund, LLC 811-23297 0001687430 549300ZUBF3HMYDIYM83 235 WEST GALENA STREET MILWAUKEE 532123948 US-WI US 4142992000 UMB FUND SERVICES, INC. 235 WEST GALENA STREET MILWAUKEE 53212 4142992000 TRANSFER AGENT, FUND ACCOUNTANT AND ADMINISTRATOR UMB BANK, N.A. 928 GRAND BOULEVARD, 5TH FLOOR KANSAS CITY 64106 8168601142 CUSTODIAN Infinity Capital Advisors, LLC 3475 Piedmont Rd. NE, Suite 1525 Atlanta 30305 4044584448 ADVISER Foreside Fund Services, LLC Three Canal Plaza, Suite 100 PORTLAND 04101 8662516920 DISTRIBUTOR N N N N-2 N David G. Lee N/A N Robert Seyferth N/A N Terrance P. Gallagher N/A Y Perpetua Seidenberg 006308298 223 Wilmington W Chester Pike Chadds Ford 19317 XXXXXX N N N N N N N FORESIDE FUND SERVICES, LLC 8-51293 000046106 N/A N N GRANT THORNTON LLP 00248 549300V6SBN782HF4N65 N N N N N N N Infinity Long/Short Equity Fund, LLC 549300ZUBF3HMYDIYM83 N Fund of Funds Y N Y N N/A N/A N/A Rule 32a-4 (17 CFR 270.32a-4) Y Y Y N Infinity Capital Advisors, LLC 801-73090 000159852 N/A N UMB FUND SERVICES, INC. 84-05792 N/A Y N N N UMB BANK, NATIONAL ASSOCIATION VNOO6EITDJ2YUEBMSZ83 Y N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N UMB FUND SERVICES, INC. 084-05792 SEC File Number Y N N UMB FUND SERVICES, INC. 084-05792 SEC File Number Y N N 0.000000000000 0.000000000000 N 17723417.000000000000 Common stock Infinity Long/Short Equity Fund, LLC N N Common stock N N N 1.250000000000 1.500000000000 N/A 1184.620000000000 true INTERNAL CONTROL RPT 2 ilsefauditletter2021.txt AUDIT LETTER REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Board of Managers and Members Infinity Long/Short Equity Fund, LLC In planning and performing our audit of the financial statements of Infinity Long/Short Equity Fund, LLC (the Fund) as of and for the year ended March 31, 2021, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Funds internal control over financial reporting, including controls over safeguarding securities, as a basis for designing audit procedures for the purpose of expressing an opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds internal control over financial reporting. Accordingly, we express no such opinion. Management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A funds internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A funds internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and directors of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the funds assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or the degree of compliance with policies and procedures may deteriorate. A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the funds annual or interim financial statements will not be prevented or detected on a timely basis. Our consideration of the funds internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the funds internal control over financial reporting and its operation, including controls over safeguarding securities, which we consider to be material weaknesses as defined above as of March 31, 2021. This report is intended solely for the information and use of management and the Board of Managers of Infinity Long/Short Equity Fund, LLC and the U.S. Securities and Exchange Commission, and is not intended to be and should not be used by anyone other than these specified parties. /s/ GRANT THORNTON LLP Chicago, Illinois May 27, 2021