9AT: RECIPROCAL CAPITAL

other names

RECIPROCAL CAPITAL
ALFACAP LLC, D/B/A RECIPROCAL CAPITAL

Adviser Profile

As of Date	03/26/2025
Registration	SEC, Approved, 09/14/2016
Contact Info	917 xxxxxxx
Websites

AUM^*	126,473,100
of that, discretionary	21,905,684 -23%
Private Fund GAV^*	21,905,684
Avg Account Size	18,067,586 -10%
SMA’s	No
Private Funds	1

Adviser Type

- Large advisory firm

Number of Employees 1

of those in investment advisory functions 1

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles
- Selection of other advisers

Compensation Arrangments

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

SEC Fund Type	Count	GAV
Fund TypePrivate Equity Fund	Count1	GAV$21,905,684

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 BASA ADVISORS	Hedge Fund-	Liquidity Fund-	Private Equity Fund110.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV110.4m	AUM110.4m	#Funds1
Adviser HILCO INVESTMENT ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM143.0m	#Funds-
Adviser GOLDIRON GP LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund264.2m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV264.2m	AUM264.2m	#Funds1
Adviser NORTHERN PACIFIC GROUP, L.P.	Hedge Fund-	Liquidity Fund-	Private Equity Fund61.2m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV61.2m	AUM151.1m	#Funds4
Adviser NORTHERN PACIFIC GROWTH INVESTMENT ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund90.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund125.0m	Other Fund-	Total Private Fund GAV340.0m	AUM151.1m	#Funds4
Adviser SOUTH HARBOR MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM55.7m	#Funds-
Adviser REFINED WEALTH MANAGEMENT	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM188.7m	#Funds-
Adviser JUNIPER CAPITAL INVESTMENT MANAGEMENT, L.P.	Hedge Fund-	Liquidity Fund-	Private Equity Fund355.5m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV355.5m	AUM355.5m	#Funds2
Adviser EPIC FUNDS	Hedge Fund-	Liquidity Fund-	Private Equity Fund146.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund20.0m	Total Private Fund GAV166.0m	AUM146.0m	#Funds8
Adviser ID FUNDS ADVISOR LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund316.3m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund203.4m	Total Private Fund GAV519.7m	AUM260.1m	#Funds71

Brochure Summary

Overview

A. The Firm: Reciprocal Capital Alfacap LLC d/b/a Reciprocal Capital (“Reciprocal Capital,” “us,” or “we”) is a New York, limited liability company formed on August 24, 2014 and is wholly-owned by Michael B. Alfano. B. Advisory Services Offered Reciprocal Capital provides investment advice to institutional asset managers, alternative asset managers, corporations, and family offices. Reciprocal Capital through research and analysis will identify private secondary opportunities. Once a potential opportunity is identified, Reciprocal Capital presents the opportunity to its clients or potential clients (together, “Client”). If the Client determines the investment is suitable, the Client and Reciprocal Capital execute an agreement with respect to the proposed transaction. The Client and Reciprocal under the same terms, individually in their own capacity, will complete the transaction. Reciprocal Capital will provide on-going due diligence and monitoring, and will provide investment advice to the Client relating to the transaction/investment. In some situations, as part of the transaction,

Reciprocal Capital may participate or serve on the Advisory Board. Please See Item 7 (Types of Clients), and Item 8 (Methods of Analysis, Investment Strategies and Risk of Loss) C. Tailored Advice and Investment Restrictions Reciprocal Capital identifies private secondary opportunities and provides its clients with investment advice related thereto. In most instances, Reciprocal Capital does not have discretion, trading authority, or power of attorney for client accounts. In those instances where Reciprocal Capital does have discretion, trading authority, or power of attorney for a client account, such authority is restricted to a narrow set of allowed activities dictated by such client in relation to the execution and management of a specific transaction. In either instance, clients have sole discretion to determine whether or not a transaction is suitable. D. Wrap Fee Program Not Applicable E. Assets Under Management As of December 31, 2023, Reciprocal Capital has seven clients and has $139,141,004 in regulatory assets under management (“RAUM”).

RECIPROCAL CAPITAL

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

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Brochure Summary

Overview