SCHEDULE: LMR Partners Discloses 6.4% Stake in Cartesian Growth Corp IV

LMR Partners LLP and affiliated entities have reported beneficial ownership of 1,750,000 Class A ordinary shares, representing 6.4% of the outstanding shares of Cartesian Growth Corp IV.

Summary

• LMR Partners LLP, along with several affiliated entities (LMR Partners Limited, LMR Partners LLC, LMR Partners AG, LMR Partners (DIFC) Limited, and LMR Partners (Ireland) Limited), collectively known as the 'LMR Investment Managers', have filed a Schedule 13G.
• Ben Levine and Stefan Renold are identified as individuals ultimately in control of the investment and voting decisions of the LMR Investment Managers.
• The filing reports beneficial ownership of 1,750,000 Class A ordinary shares of Cartesian Growth Corp IV.
• This holding represents 6.4% of the total outstanding Class A ordinary shares, based on 27,500,000 shares outstanding as of June 26, 2026.
• The shares are held through LMR Multi-Strategy Master Fund Limited and LMR CCSA Master Fund Ltd, which acquired units in the company's initial public offering.
• Each unit consisted of one Class A ordinary share and one-third of a redeemable warrant.
• The reporting persons have shared voting and dispositive power over these 1,750,000 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports on beneficial ownership changes and does not contain operational or financial performance data.

Positives

• Significant stake reported by a notable investment manager, potentially indicating confidence or strategic interest in Cartesian Growth Corp IV.
• The filing clarifies the beneficial ownership structure, providing transparency to investors.

Negatives

• The filing does not contain any financial performance data or operational updates, limiting insight into the company's current health.
• The nature of the investment (IPO units) means the stake includes warrants, which are contingent on future events.

Risks

• The value of the investment is subject to the future business combination of Cartesian Growth Corp IV.
• The 1,750,000 Class A ordinary shares are held via master funds, introducing a layer of indirect ownership.
• The reporting persons hold warrants exercisable at $11.50 per share, which may not be exercised if the business combination does not meet certain thresholds or if market conditions are unfavorable.

Future Outlook

The filing notes that the warrants held by LMR Master Fund and LMR CCSA Master Fund are exercisable 30 days after the completion of the Issuer's initial business combination, will expire five years after the completion of the Issuer's initial business combination, or earlier upon redemption or liquidation. No specific guidance or forward-looking statements regarding the company's performance are provided.

Management Comments

• "By virtue of holding the Units, each of LMR Master Fund and LMR CCSA Master Fund directly holds 875,000 Class A Ordinary Shares, with a total of 1,750,000 Class A Ordinary Shares in the aggregate (the 'LMR Shares')."
• "In addition to the LMR Shares, by virtue of holding the Units, each of LMR Master Fund and LMR CCSA Master Fund also directly holds warrants to purchase 291,666 Class A Ordinary Shares ('Warrants')."
• "The Warrants have an exercise price of $11.50 per Class A Ordinary Share and are exercisable 30 days after the completion of the Issuer's initial business combination, and will expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or the Issuer's liquidation."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

StockSavvy.ai notes that this filing is typical for investment funds acquiring stakes in special purpose acquisition companies (SPACs) like Cartesian Growth Corp IV, especially following an initial public offering. The reporting of a significant stake by LMR Partners, an established investment manager, suggests potential interest in the SPAC's future business combination target.

Stakeholder Impact

• Shareholders of Cartesian Growth Corp IV: The filing provides transparency regarding a significant beneficial owner, which can influence market perception and trading activity.
• Potential Target Companies: The presence of LMR Partners as a significant shareholder in the SPAC may be a positive signal for potential acquisition targets.
• Creditors: No direct impact is indicated.

Next Steps

• Cartesian Growth Corp IV is expected to complete an initial business combination.
• LMR Partners will continue to hold its Class A ordinary shares and warrants, with potential for exercising warrants post-business combination.

Key Dates

Keywords

Cartesian Growth Corp IV, Schedule 13G, Beneficial Ownership, LMR Partners, Class A Ordinary Shares, Investment Managers, IPO, Warrants