L2 Capital
A Special Situations Alternative Investment Firm

About Us

Passion. Experience. Diligence.


Founded December, 2016 by Edward M. Liceaga and Adam R. Long, the L2 Capital team brings more than 30 years combined experience in both principal investing and financial advisory. L2 has been created from the investment successes shared by our principals. The L2 Investment/Risk team carries out our strict investment philosophies and maintains our risk management for the portfolio. The fund focuses on investing in growth and distressed securities. L2's proven approach dynamically allocates capital across three core strategies: convertible debt, convertible preferred equity, and discounted equity. 


Get in touch

We at L2 Capital know that finding the right investment fund is a choice not to be taken lightly. That’s why we offer free consultations to walk you through your needs and the scope of your goals.

Invest In your future ▸


The Leadership Team


Managing Partner

Edward M. Liceaga

With over 16 years of experience in capital markets, business development, and micro-cap investing, Mr. Liceaga Brings valuable perspective on corporate and investment structuring, development financing, and various additional prospects. In addition, Mr. Liceaga is President and Founder of the personal investment family offices, River North Equity, LLC and Dorado Investments, LLC.  Previously, he was Managing Member and President of Tangiers Capital, LLC, the general partner of Tangiers Investors LP, a special situations fund.



M.B.A. with a focus in Derivatives

B.S. Accounting

Previous Accreditations

  • Series 7
  • Series 65


Managing Partner

Adam Long

With over 15 years in financial services, capital markets, and small/micro cap investing and trading, Mr. Long specializes in structured products and trading in small cap and micro-cap public companies. In addition, Mr. Long is President and/or Founder of Nations Advisory Partners, Ltd, Jera Securities, LLC, Old Main Capital, LLC.



B.S. Business Administration

Previous Accreditations

  • Series 4
  • Series 7
  • Series 24
  • Series 55
  • Series 66
  • Series 79


Healthcare Advisor

Alvaro Liceaga, M.D.

Since 1983, Dr. Liceaga has lived and learned the art of medicine. He is founder of the Regional Pain Treatment Medical Center, a full service Interventional Pain Management Practice that includes Pain Management, Chiropractic, Pain Psychology and Acupuncture. He subsequently founded and is the Medical Director of Alliance Surgery Center in Los Angeles County, CA and Orangewood Surgical Center in Orange County, CA.



Doctor of Medicine

Bachelors of Science


  • Board Certified by American Board of Anesthesiology in Pain Management
  • Board Certified by American Board of Anesthesiology
  • Board Certified by American Academy of Pain Management
  • Member American Society of Interventional Pain Physicians