9AT: TB ALTERNATIVE ASSETS LTD.

other names

TB ALTERNATIVE ASSETS LTD.
INVESTMENT CONSULTING
TB ALTERNATIVE ASSETS LTD

Adviser Profile

As of Date	03/26/2026
Registration	SEC, Approved, 07/15/2015
Other registrations (1)	SEC, ERA - Withdrawn, 06/25/2015
ADV Location	GRAND CAYMAN, Cayman Islands
Contact Info	+1 xxxxxxx

AUM^*	708,213,341 59%
of that, discretionary	708,213,341 59%
Private Fund GAV^*	202,918,958 11%
Avg Account Size	236,071,114 59%
SMA’s	Yes
Private Funds	3

Adviser Type

- Outside the United States

Number of Employees 14 -13%

of those in investment advisory functions 8

Client Types

- Pooled investment vehicles
- State or municipal government entities

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

SEC Fund Type	Count	GAV
Fund TypeHedge Fund	Count3	GAV$202,918,958

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser SOAPSTONE MANAGEMENT L.P.	Hedge Fund610.1m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV610.1m	AUM610.1m	#Funds1
Adviser MYDA ADVISORS LLC	Hedge Fund806.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV806.0m	AUM821.2m	#Funds5
Adviser ASTON CAPITAL MANAGEMENT	Hedge Fund363.6m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV363.6m	AUM711.8m	#Funds5
Adviser ADVANTAGE ALPHA CAPITAL PARTNERS LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM521.4m	#Funds-
Adviser SNOWCAT CAPITAL MANAGEMENT LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM381.0m	#Funds-
Adviser 801 WEST CAPITAL MANAGEMENT, LLC	Hedge Fund456.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV456.7m	AUM515.9m	#Funds6
Adviser AKARIS GLOBAL PARTNERS, LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM478.9m	#Funds-
Adviser TOWER HOUSE PARTNERS LLP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM493.4m	#Funds-
Adviser ASTEROZOA MANAGEMENT	Hedge Fund46.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV46.3m	AUM103.9m	#Funds5
Adviser PRAXIS ALPHA PARTNERS LLP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM526.1m	#Funds-

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck Ticker30303M102	Stock NameMETA PLATFORMS INC CL A	$ Position$77,237,550	% Position16.00%	$ Change-32.00%	# Change-22.00%
Stck Ticker74347W601	Stock NamePROSHARES TR II ULTRA GOLD	$ Position$42,883,039	% Position9.00%	$ Change	# Change
Stck Ticker674599105	Stock NameOCCIDENTAL PETE CORP	$ Position$33,455,630	% Position7.00%	$ Change	# Change
Stck Ticker349381103	Stock NameFIGURE TECHNOLOGY SOLUTIO COM CL A	$ Position$33,862,850	% Position7.00%	$ Change22.00%	# Change46.00%
Stck Ticker722304102	Stock NamePDD HOLDINGS INC SPONSORED ADS	$ Position$34,764,497	% Position7.00%	$ Change-10.00%	# Change0.00%
Stck Ticker02079K107	Stock NameALPHABET INC CAP STK CL C	$ Position$24,010,182	% Position5.00%	$ Change-76.00%	# Change-73.00%
Stck Ticker773121108	Stock NameROCKET LAB CORP	$ Position$23,068,017	% Position5.00%	$ Change323.00%	# Change359.00%
Stck Ticker15643U104	Stock NameCENTRUS ENERGY CORP CL A	$ Position$19,070,597	% Position4.00%	$ Change-14.00%	# Change21.00%
Stck Ticker008474108	Stock NameAGNICO EAGLE MINES LTD	$ Position$20,312,818	% Position4.00%	$ Change-48.00%	# Change-56.00%
Stck Ticker74350P675	Stock NamePROSHARES TR ULTRAPRO SHORT	$ Position$17,787,244	% Position4.00%	$ Change-43.00%	# Change-51.00%

Brochure Summary

Overview

Overview TB Alternative Assets Ltd. (“TBAA”, the “Firm”, “We”, “Our”, or “Us”) is a wholly owned subsidiary of TBP Public Limited. TBAA was incorporated in the Cayman Islands on 5 December 2007, and is domiciled in the Cayman Islands. Funds Structure TBAA serves as the Investment Manager (“IM”) to Trustbridge Select Opportunities Fund (“Master Fund”) and its two feeder funds, Trustrbridge Select Opportunities Offshore Feeder and Trustbridge Select Opportunities US Feeder, both of which are organized as private pooled investment vehicles (“The Funds”). TBAA also serves as an IM to several separately managed accounts (“SMAs” and collectively with the Funds, the “Clients”). TBAA sub-contracts part of the investment advisory responsibilities to TBP Investment Advisory (HK) Limited, which serves as the Sub-Investment Advisor (“IA”). Together with the IA, TBAA holds discretionary authority to manage the Clients, including the authority to determine which investments

are bought and sold and the amounts of such investments that are appropriate for each Client. TBAA and the IA act as one in the provision of investment advisory services. Any limitation on such authority is described in Clients’ governing documents and/or investment management agreements. TBAA manages the Clients in accordance with the investment guidelines set forth in the offering documents and/or investment management agreements of Clients. TBAA had approximately US$445,633,162 of assets under management as of 31 December 2023, all of which it manages on a discretionary basis. Principal Owners TBAA is a wholly owned subsidiary of TBP Public Limited, which is majority owned by Mr. Shujun Li. Types of Services Offered As the IM, TBAA manages the Clients on a discretionary basis, subject to investment policies and restrictions set out by the constituent documents, and primarily focuses on PRC securities listed on stock exchanges in Hong Kong, China and the United States.

TB ALTERNATIVE ASSETS LTD.

Adviser Profile

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

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Overview