9AT: THIRD NORTH CAPITAL LP

other names

THIRD NORTH CAPITAL LP

Adviser Profile

As of Date	03/31/2025
ADV Location	NEW YORK, NY, United States
Adviser Type - Large advisory firm
Number of Employees	4 -20%
of those in investment advisory functions	3 -25%
Registration	SEC, Approved, 11/22/2016

AUM^*	439,224,382 8%
of that, discretionary	439,224,382 8%
Private Fund GAV^*	179,167,237 5%
Avg Account Size	109,806,096 8%
SMA’s	Yes
Private Funds	2
Contact Info	929 xxxxxxx

Client Types

- Pooled investment vehicles
- Charitable organizations

Advisory Activities

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

Compensation Arrangments

- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

Fund Type	Count	GAV
Fund TypeHedge Fund	Count2	GAV$179,167,237

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 COVE STREET CAPITAL, LLC	Hedge Fund11.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV11.2m	AUM126.7m	#Funds1
Adviser COWBIRD CAPITAL LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM355.5m	#Funds-
Adviser JLP ASSET MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM212.1m	#Funds-
Adviser STEAMBOAT CAPITAL PARTNERS, LLC	Hedge Fund442.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV442.7m	AUM377.7m	#Funds4
Adviser KENT LAKE PR LLC	Hedge Fund470.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV470.8m	AUM470.8m	#Funds1
Adviser SELDON CAPITAL LP	Hedge Fund413.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV413.4m	AUM536.3m	#Funds3
Adviser BOONE CAPITAL MANAGEMENT LLC	Hedge Fund632.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV632.9m	AUM632.9m	#Funds3
Adviser RHINO INVESTMENT PARTNERS, INC.	Hedge Fund268.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV268.0m	AUM624.6m	#Funds4
Adviser TOLIS ADVISORS, LP	Hedge Fund340.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV340.4m	AUM387.3m	#Funds4
Adviser THREE BRIDGES CAPITAL, LP	Hedge Fund92.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV92.0m	AUM97.5m	#Funds3

Brochure Summary

Overview

Third North is a Delaware limited partnership formed in April 2016 and principally owned by Zachary Datikash. Third North is registered as an investment adviser with the U.S. Securities and Exchange Commission (“SEC”). Third North currently provides discretionary investment advice to two separately managed accounts (each, a “Managed Account”) and private funds (the “Funds”), and may do so in the future for additional Managed Account clients, as well as for other private investment Fund clients (each, “Funds” and, collectively with each Managed Account client, “Clients”). Third North primarily invests and trades on behalf of its Clients through short selling equity and equity-related instruments that are traded publicly in U.S. markets and non-U.S. markets. Third North also may hold cash, cash equivalents, bonds, CDS (OTC), and money market instruments, as well as long investments in, without limitation, equities, equity index-linked securities, equity swaps (OTC), equity derivatives and equity-related instruments. Under certain circumstances, we will contract with a Managed Account client to adhere to limited

risk and/or operating guidelines imposed by the client. We negotiate such arrangements on a case- by-case basis. Any Funds would be governed by the investment restrictions and guidelines contained in their respective offering documents (including private placement memoranda or limited partnership agreements), and each of the Managed Accounts are governed by their investment management or investment advisory agreements with Third North (each an “Investment Agreement” and collectively, with the Fund private placement memoranda and limited partnership agreements, the “Offering Documents”). We generally would not permit investors in a Client to impose limitations on the investment activities described in the Offering Documents for the Client. Information about any Clients, including information about investment strategies, fees, expenses, risks and other material information is also contained in each Client’s Offering Documents. As of December 31, 2023, Third North had approximately $426,775,590 of regulatory assets under management on a discretionary basis.

THIRD NORTH CAPITAL LP

Adviser Profile

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

Similar advisers

Brochure Summary

Overview