9AT: ALMITAS CAPITAL LLC

other names

ALMITAS CAPITAL LLC

Adviser Profile

As of Date	03/28/2025
ADV Location	SANTA MONICA, CA, United States
Adviser Type - Large advisory firm
Number of Employees	12 20%
of those in investment advisory functions	8 14%
Registration	SEC, Approved, 06/30/2016
Other registrations (1)	California, Terminated, 09/03/2016

AUM^*	985,661,608 26%
of that, discretionary	985,661,608 26%
Private Fund GAV^*	985,661,608 26%
Avg Account Size	492,830,804 26%
SMA’s	No
Private Funds	2
Contact Info	310 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

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

Fund Type	Count	GAV
Fund TypeHedge Fund	Count2	GAV$985,661,608

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 GUARDIAN POINT CAPITAL, LP	Hedge Fund841.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV841.0m	AUM841.0m	#Funds1
Adviser GREENLIGHT MASTERS, LLC	Hedge Fund2.1b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.1b	AUM967.2m	#Funds6
Adviser SEVEN EIGHT CAPITAL, LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM1.3b	#Funds-
Adviser SKYLANDS CAPITAL, LLC	Hedge Fund633.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV633.8m	AUM724.4m	#Funds4
Adviser BAYBERRY CAPITAL PARTNERS LP	Hedge Fund583.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV583.5m	AUM586.5m	#Funds3
Adviser POWER SUSTAINABLE INVESTMENT MANAGEMENT INC.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM515.2m	#Funds-
Adviser M3F, INC.	Hedge Fund766.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV766.2m	AUM766.2m	#Funds1
Adviser BARNEGAT FUND MANAGEMENT INC.	Hedge Fund629.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV629.0m	AUM629.0m	#Funds2
Adviser INTEGRAL HEALTH ASSET MANAGEMENT, LLC	Hedge Fund48.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV48.4m	AUM1.2b	#Funds3
Adviser COMMUNITY INVESTMENT MANAGEMENT LLC	Hedge Fund1.1b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.1b	AUM1.1b	#Funds2

Brochure Summary

Overview

A. Description of the Advisory Firm Almitas Capital LLC (“Almitas” or the “Firm”) is a Delaware limited liability company. Almitas was formed on January 7, 2013. Ronald Dean Mass is the principal owner, Managing Principal and Chief Compliance Officer of Almitas. Mr. Mass is a Chartered Financial Analyst. B. Types of Advisory Services Almitas serves as general partner and investment adviser to private investment funds (the “Funds”). Almitas may decide in the future to provide services to additional types of clients (collectively, the “Clients”). Pursuant to the Funds’ offering memorandum, limited partnership agreement and subscription documents (the “Governing Documents”), Almitas seeks to identify investments which trade at a discount to intrinsic value. Specifically, Almitas invests the Funds’ assets in accordance with the Funds’ investment objectives and on a discretionary basis among closed- end funds, mortgage real estate investment trusts (“REITs”), individual debt securities (including, without limitation, mortgage and commercial mortgage backed securities, asset backed securities, and corporate and government debt securities), common and preferred equity securities.

The Firm may invest in both domestic and foreign securities, denominated in U.S. dollars or foreign currencies. To the extent specifically authorized by the Funds, the Firm may use margin and short selling as part of the investment strategy. The Funds are offering limited partnership interests (“Interests”) to certain qualified investors as described in Item 7 below (such investors or prospective investors, the “Investors”). C. Client Tailored Services and Client Imposed Restrictions Advisory services are tailored to achieve the Clients’ investment objectives. Generally, Almitas has the authority to select which and how many securities and other instruments to buy or sell without consultation with the Clients or the Investors. D. Wrap Fee Programs Almitas does not participate in wrap fee programs. E. Amounts Under Management The minimum initial investment that will be accepted from a new Investor in the Funds is $500,000.00, which may be waived by Almitas in its sole discretion. The Firm has the following assets under management: Discretionary Amounts: Non-Discretionary Amounts: Date Calculated: $783,717,360 $0 December 31, 2023

ALMITAS CAPITAL LLC

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