9AT: CARMIKA PARTNERS LLP

Adviser Profile

As of Date	10/08/2025
Registration status	Terminated
ADV Location	LONDON, United Kingdom
Contact Info	+44 xxxxxxx
Websites

AUM^*	72,600,000
of that, discretionary	72,600,000
Number of Employees	3
of those in investment advisory functions	2
Private Fund GAV^*	0 -100%
Avg Account Size	18,150,000
SMA’s	Yes
Private Funds	0 3

Adviser Type

- Outside the United States

Client Types

Advisory Activities

- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses
- Publication of periodicals or newsletters

Compensation Arrangments

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

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 GRUENSTEIN INVESTMENTS LLC	Hedge Fund20.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV20.5m	AUM61.5m	#Funds1
Adviser DILATION CAPITAL MANAGEMENT LP	Hedge Fund456.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV456.7m	AUM228.8m	#Funds3
Adviser GRAVITY CAPITAL MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM94.0m	#Funds-
Adviser KDHB V CAPITAL MANAGEMENT, LLC	Hedge Fund54.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV54.8m	AUM54.8m	#Funds1
Adviser DARK HORSE CAPITAL MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM77.0m	#Funds-
Adviser POLPO CAPITAL MANAGEMENT LLC	Hedge Fund209.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV209.5m	AUM299.5m	#Funds2
Adviser NEWLANDS INVESTMENT MANAGEMENT PTE LTD.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM41.3m	#Funds-
Adviser WALNUT LEVEL CAPITAL LLC	Hedge Fund31.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV31.2m	AUM119.2m	#Funds3
Adviser UPRIGHT FINANCIAL CORP	Hedge Fund16.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV16.9m	AUM98.0m	#Funds1
Adviser ORRELL CAPITAL MANAGEMENT	Hedge Fund4.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV4.5m	AUM238.9m	#Funds1

Brochure Summary

Overview

Carmika Partners LLP (“Carmika” or the “Firm”) is an independent investment manager co- founded by Martin Vestergaard and Manjeet Mudan, who are also the Firm’s majority owners. Carmika is authorised and regulated by the Financial Conduct Authority (the “FCA”) in the United Kingdom. The Firm provides investment management services to multiple private investment vehicles including onshore and offshore private funds as well as Segregated Managed Account mandates (each a “Private Vehicle” or “Client”). Carmika implements an absolute return strategy using exchange traded options and money market instruments to onshore and offshore investors. Carmika seeks capital commitments on an ongoing basis from sophisticated investors such as investors high net worth individuals,

trusts, family offices, investment companies or pension plans, to invest in one or more Private Vehicles that are managed by the Firm. The Firm tailors its management services to the specific investment objectives and restrictions of each Private Vehicle, pursuant to the investment guidelines and restrictions set forth in each Private Vehicle’s agreement, investment management agreement, subscription agreements and/or other governing documents as applicable (collectively, the “Governing Documents”). The investment management agreement and other relevant Governing Documents will generally be established at the time of entry into the applicable management relationship. As of 31st May 2023, the Firm had under its discretion regulatory assets under management totalling US $67m.

CARMIKA PARTNERS LLP

CARMIKA PARTNERS LLP

CONVEXITY PARTNERS LLP

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Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

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CARMIKA PARTNERS LLP CARMIKA PARTNERS LLP CONVEXITY PARTNERS LLP

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Brochure Summary

Overview

CARMIKA PARTNERS LLP

CARMIKA PARTNERS LLP

CONVEXITY PARTNERS LLP