sc13g
 

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

SCHEDULE 13G

(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934
Bearingpoint, Inc.
(Name of Issuer)
Shares of Common Stock, par value $0.01 per share
(Title of Class of Securities)
074002106
(CUSIP Number)
September 12, 2007
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     o Rule 13d-1(b)

     þ Rule 13d-1(c)

     o Rule 13d-1(d)

 

                     
CUSIP No.
  
074002106 
 13G Page  
2 
   of   
11 

 

           
1   NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

North Run Capital, LP
36-4504416
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5   SOLE VOTING POWER
     
NUMBER OF   12,490,700**
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   12,490,700**
       
WITH 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  12,490,700**
     
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
  6.18%**
     
12   TYPE OF REPORTING PERSON*
   
  PN
* SEE INSTRUCTIONS BEFORE FILLING OUT
** SEE ITEM 4.

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CUSIP No.
  
074002106 
 13G Page  
3 
   of   
11 

 

           
1   NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

North Run GP, LP
37-1438821
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5   SOLE VOTING POWER
     
NUMBER OF   12,490,700**
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   12,490,700**
       
WITH 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  12,490,700**
     
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
  6.18%**
     
12   TYPE OF REPORTING PERSON*
   
  PN
* SEE INSTRUCTIONS BEFORE FILLING OUT
** SEE ITEM 4.

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CUSIP No.
  
074002106 
 13G Page  
4 
   of   
11 

 

           
1   NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

North Run Advisors, LLC
35-2177955
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5   SOLE VOTING POWER
     
NUMBER OF   12,490,700**
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   12,490,700**
       
WITH 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  12,490,700**
     
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
  6.18%**
     
12   TYPE OF REPORTING PERSON*
   
  OO
* SEE INSTRUCTIONS BEFORE FILLING OUT
** SEE ITEM 4.

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CUSIP No.
  
074002106 
 13G Page  
5 
   of   
11 

 

           
1   NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

Todd B. Hammer
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States
       
  5   SOLE VOTING POWER
     
NUMBER OF   12,490,700**
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   12,490,700**
       
WITH 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  12,490,700**
     
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
  6.18%**
     
12   TYPE OF REPORTING PERSON*
   
  IN
* SEE INSTRUCTIONS BEFORE FILLING OUT
** SEE ITEM 4.

5 of 11

 

                     
CUSIP No.
  
074002106 
 13G Page  
6 
   of   
11 

 

           
1   NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

Thomas B. Ellis
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States
       
  5   SOLE VOTING POWER
     
NUMBER OF   12,490,700**
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   12,490,700**
       
WITH 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  12,490,700**
     
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
  6.18%**
     
12   TYPE OF REPORTING PERSON*
   
  IN
* SEE INSTRUCTIONS BEFORE FILLING OUT
** SEE ITEM 4.

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SCHEDULE 13G
     This Schedule 13G (the “Schedule 13G”) is being filed on behalf of North Run Advisors, LLC, a Delaware limited liability company (“North Run”), North Run GP, LP, a Delaware limited partnership (the “GP”), North Run Capital, LP, a Delaware limited partnership (the “Investment Manager”), Todd B. Hammer and Thomas B. Ellis. Todd B. Hammer and Thomas B. Ellis are the principals and sole members and limited partners, as applicable, of North Run, the GP and the Investment Manager. North Run is the general partner for both the GP and the Investment Manager. The GP is the general partner of North Run Capital Partners, LP, a Delaware limited partnership (the “Fund”), North Run Qualified Partners, LP, a Delaware limited partnership (the “QP Fund”), and North Run Master Fund, LP, a Cayman Island exempted limited partnership (the “Master Fund”). The Fund, the QP Fund and North Run Offshore Partners, Ltd., a Cayman Island exempted company (the “Offshore Fund”), are also general partners of the Master Fund. This Schedule 13G relates to shares of common stock of Bearingpoint, Inc., a Delaware corporation (the “Issuer”) purchased by the Master Fund.
Item 1(a) Name of Issuer.
      Bearingpoint, Inc.
Item 1(b) Address of Issuer’s Principal Executive Offices.
      1676 International Drive
 
      McLean, VA 22102
Item 2(a) Name of Person Filing.
  (1)   North Run Capital, LP
 
  (2)   North Run GP, LP
 
  (3)   North Run Advisors, LLC
 
  (4)   Todd B. Hammer
 
  (5)   Thomas B. Ellis
Item 2(b) Address of Principal Business Office, or, if none, Residence.
      For all Filers:
 
      One International Place, Suite 2401
 
      Boston, MA 02110
 
      (617) 310-6130

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Item 2(c) Citizenship or Place of Organization.
  (1)   North Run Capital, LP is a Delaware limited partnership.
 
  (2)   North Run GP, LP is a Delaware limited partnership.
 
  (3)   North Run Advisors, LLC is a Delaware limited liability company.
 
  (4)   Todd B. Hammer is a U.S. citizen.
 
  (5)   Thomas B. Ellis is a U.S. citizen.
Item 2(d) Title of Class of Securities.
      Common stock, par value $0.01 per share (the “Common Stock”).
Item 2(e) CUSIP Number.
      074002106
Item 3 If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
      Not Applicable.
Item 4 Ownership.
  (a)   North Run, the GP, the Investment Manager, Todd B. Hammer, and Thomas B. Ellis may be deemed the beneficial owners of 12,490,700 shares of Common Stock.
 
  (b)   North Run, the GP, the Investment Manager, Todd B. Hammer and Thomas B. Ellis may be deemed the beneficial owners of 6.18% of the outstanding shares of Common Stock. This percentage was determined by dividing 12,490,700 by 202,205,473, which is the number of shares of Common Stock outstanding as of September 4, 2007, according to the Issuer’s Form 10-Q filed on September 7, 2007 with the Securities Exchange Commission.
 
  (c)   North Run, the GP, the Investment Manager, Todd B. Hammer and Thomas B. Ellis have the sole power to vote and dispose of the 12,490,700 shares of Common Stock beneficially owned.
Item 5 Ownership of Five Percent or Less of a Class.
      Not Applicable.
Item 6 Ownership of More Than Five Percent on Behalf of Another Person.
      Investors in the Funds identified in the introduction hereto have an indirect interest in dividends and/or sale proceeds of the Common Stock. The Reporting Persons do not know of any single investor with an interest, directly or indirectly, in more than 5% of the Common Stock.

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Item 7   Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding Company.
      Not Applicable.
Item 8   Identification and Classification of Members of the Group.
      Not Applicable.
Item 9   Notice of Dissolution of Group.
      Not Applicable.
Item 10   Certification.
      By signing below each Reporting Person certifies that, to the best of such Reporting Person’s knowledge and belief, the securities referred to above 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.
Exhibits   Exhibit 1
      Joint Filing Agreement, dated September 24, 2007, between North Run, GP, the Investment Manager, Todd B. Hammer and Thomas B. Ellis.

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SIGNATURE
     After reasonable inquiry and to the best of its knowledge and belief, each undersigned Reporting Person certifies that the information set forth in this statement is true, complete and correct.
Date: September 24, 2007
             
    NORTH RUN CAPITAL, LP
 
            
    By:   North Run Advisors, LLC
        its general partner
 
            
 
      By:   /s/ Thomas B. Ellis
 
           
 
      Name:   Thomas B. Ellis
 
      Title:   Member
 
            
 
      and    
 
            
 
      By:   /s/ Todd B. Hammer
 
           
 
      Name:   Todd B. Hammer
 
      Title:   Member
 
            
    NORTH RUN GP, LP
 
            
    By:   North Run Advisors, LLC
        its general partner
 
            
 
      By:   /s/ Thomas B. Ellis
 
           
 
      Name:   Thomas B. Ellis
 
      Title:   Member
 
            
 
      and    
 
            
 
      By:   /s/ Todd B. Hammer
 
           
 
      Name:   Todd B. Hammer
 
      Title:   Member
 
            
    NORTH RUN ADVISORS, LLC
 
            
    By:   /s/ Thomas B. Ellis
         
    Name:   Thomas B. Ellis

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    Title:   Member
 
            
 
  and        
 
            
    By:   /s/ Todd B. Hammer
         
    Name:   Todd B. Hammer
 
  Title:   Member    
 
            
        /s/ Thomas B. Ellis
         
        Thomas B. Ellis
 
            
        /s/ Todd B. Hammer
         
        Todd B. Hammer

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