9AT: LADDER CAPITAL ASSET MANAGEMENT LLC

LADDER CAPITAL ASSET MANAGEMENT LLC

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other names

LADDER CAPITAL ASSET MANAGEMENT LLC
LADDER CAPITAL ADVISER LLC

Adviser Profile

As of Date	03/26/2020
Registration status	Registration Changed to LADDER CAPITAL ASSET MANAGEMENT LLC
ADV Location	NEW YORK, NY, United States

AUM^*	24,274,718
of that, discretionary	24,274,718
Private Fund GAV^*	0
Avg Account Size	24,274,718
SMA’s	No
Private Funds	0

Adviser Type

- An investment adviser (or subadviser) to an investment company

Number of Employees 72

of those in investment advisory functions 5

Client Types

- Investment companies

Advisory Activities

- Portfolio management for investment companies

Compensation Arrangments

- A percentage of assets under your management

Reported AUM

24M 21M 17M 14M 10M 7M 3M

2016 2017 2018 2019 2020

Discretionary

Non-discretionary

Private Funds

No private funds

Employees

Brochure Summary

Overview

Ladder Capital Asset Management LLC (“LCAM”) is an affiliate of Ladder Capital Corp (NYSE: LADR) (“LCC”), a publicly-traded commercial real estate investment trust comprised of a registered investment advisory entity and other entities (collectively, the “Ladder Capital Group”). The Ladder Capital Group, having commenced operations in October 2008, originates, underwrites, acquires, structures, manages and disposes of a diverse portfolio comprised primarily of commercial real estate mortgages, commercial real estate, commercial real estate backed securities and other real estate-related assets. Subsidiaries of the Ladder Capital Group also include a captive insurance company. See “Other Financial Industry Activities and Affiliations” below for more information. LCAM is a registered investment adviser that commenced operations in June 2021. LCAM is ultimately controlled by LCC and currently provides investment advisory services solely to the LCCM 2021-FL2 Trust and LCCM 2021-FL3 Trust (the “CLO Issuers”), although it is anticipated that LCAM will in the future provide investment advisory

services to additional CLO issuers. This Brochure describes the applicable qualifications and business practices of LCAM. LCAM manages, on a discretionary basis, the assets of the CLO Issuers pursuant to the Collateral Management Agreement between LCAM and the CLO Issuers. The CLO Issuers invest primarily in first mortgage loans secured by commercial real estate originated or acquired by the Ladder Capital Group and in participation interests in such loans. LCAM’s investment advisory services to the CLO Issuers may include identifying and evaluating asset acquisition opportunities, negotiating with commercial loan obligors regarding proposed modifications or waivers of loan documents, monitoring assets on an ongoing basis and advising as to the disposition of any defaulted or credit-impaired assets and as to the CLO Issuers’ exercise of any rights or remedies. See “Methods of Analysis, Investment Strategies and Risk of Loss” below for additional information. As of December 31, 2022, LCAM had regulatory assets under management of $1,339,373,438 managed on a discretionary basis.