9AT: ISLET MANAGEMENT, LP

other names

ISLET MANAGEMENT, LP
ISLET CAPITAL, LLC

Adviser Profile

As of Date	03/10/2025
ADV Location	NEW YORK, NY, United States
Adviser Type - Mid-sized advisory firm
Number of Employees	7
of those in investment advisory functions	5 25%
Registration	SEC, Approved, 12/01/2017

AUM^*	89,562,625 -35%
of that, discretionary	89,562,625 -35%
Private Fund GAV^*	9,359,890 -91%
Avg Account Size	17,912,525 -22%
SMA’s	Yes
Private Funds	3 2
Contact Info	212 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 TypePrivate Equity Fund	Count3	GAV$9,359,890

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 YARRA SQUARE PARTNERS LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM145.9m	#Funds-
Adviser NIERENBERG INVESTMENT MANAGEMENT COMPANY, INC.	Hedge Fund197.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV197.8m	AUM204.3m	#Funds3
Adviser GLOBAL VALUE INVESTMENT CORPORATION	Hedge Fund258.0k	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV258.0k	AUM194.3m	#Funds1
Adviser EPOCH CAPITAL, US	Hedge Fund478.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV478.4m	AUM366.1m	#Funds7
Adviser BRISTLECONE VALUE PARTNERS, LLC	Hedge Fund5.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV5.0m	AUM156.1m	#Funds1
Adviser MORGENS, WATERFALL, VINTIADIS & COMPANY, INC.	Hedge Fund180.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV180.2m	AUM180.2m	#Funds3
Adviser RATAN CAPITAL MANAGEMENT, LP	Hedge Fund627.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV627.8m	AUM196.1m	#Funds4
Adviser TOPTURN CAPITAL, LLC	Hedge Fund309.4k	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV309.4k	AUM178.4m	#Funds1
Adviser TEGEAN 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-	AUM139.7m	#Funds-
Adviser AMH EQUITY LTD	Hedge Fund107.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV107.3m	AUM111.7m	#Funds1

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck Ticker000000000	Stock NameNo reportable 13(f) holdings	$ Position$	% Position	$ Change	# Change

Brochure Summary

Overview

Islet Management, LP is a Delaware limited partnership (hereinafter “Islet”, “we”, “us”, “our”, the “Firm”, the “Partnership”, or the “Investment Manager”) founded in 2017. Islet serves as the investment adviser, with discretionary trading authority to private pooled vehicles (each a “Fund” and collectively the "Funds") and a sub-advised account (the “Sub-advised Account,” collectively with the Funds, are referred to as the “Clients”). Islet GP, LLC, a Delaware limited liability company (the “General Partner”), serves as the general partner of the Funds. Joseph Samuels is the principal owner of Islet. The Funds are for sophisticated, qualified investors (“Investors”), and interest is offered on a private placement basis. We do not tailor our advisory services to the individual needs of any particular Investor. This Brochure does not constitute an offer to sell or a solicitation of an offer to buy any securities. The Funds’ securities are offered and sold on a private placement basis under exemptions promulgated

under the “Securities Act” of 1933 and other applicable state, federal or non-U.S. laws. Significant suitability requirements apply to prospective investors in the Funds, including requirements that they be “accredited investors” as defined in Securities Act and “qualified purchasers” as defined in the Investment Company Act of 1940. Persons reviewing this Brochure should not construe this as an offer to sell or a solicitation of an offer to buy the securities of any of the Funds described herein. Any such offer or solicitation will be made only by means of a confidential private placement memorandum. Our investment decisions and advice with respect to each Client are subject to each Client’s investment objectives and guidelines, as set forth in its respective offering documents and investment management agreements. We do not currently participate in any Wrap Fee Programs. The Firm has regulatory assets under management of approximately $28,752,799 as of February 29, 2024.

ISLET MANAGEMENT, LP

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