9AT: SHADOWFALL CAPITAL & RESEARCH LLP

other names

SHADOWFALL CAPITAL & RESEARCH LLP

Adviser Profile

As of Date	10/09/2025
Registration	SEC, Approved, 11/09/2020
ADV Location	LONDON, United Kingdom
Contact Info	+44 xxxxxxx
Websites

AUM^*	250,170,118 8%
of that, discretionary	250,170,118 8%
Private Fund GAV^*	79,756,926
Avg Account Size	19,243,855 -1%
SMA’s	Yes
Private Funds	1

Adviser Type

- Large advisory firm
- Outside the United States

Number of Employees 10 -17%

of those in investment advisory functions 5 -17%

Client Types

- Pooled investment vehicles
- Other investment advisers
- Other

Advisory Activities

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

Compensation Arrangments

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

SEC Fund Type	Count	GAV
Fund TypeHedge Fund	Count1	GAV$79,756,926

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 SCION 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-	AUM154.9m	#Funds-
Adviser BLUE SQUARE ASSET MANAGEMENT, LLC	Hedge Fund24.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV24.4m	AUM357.7m	#Funds1
Adviser LOKKEN INVESTMENT GROUP, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM366.5m	#Funds-
Adviser JCP INVESTMENT MANAGEMENT, LLC	Hedge Fund125.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV125.5m	AUM252.6m	#Funds5
Adviser 1623 CAPITAL LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM202.2m	#Funds-
Adviser VERGENT ASSET MANAGEMENT	Hedge Fund52.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV52.4m	AUM1.2b	#Funds2
Adviser OPUS INVESTMENT MANAGEMENT LLC	Hedge Fund291.8m	Liquidity Fund-	Private Equity Fund22.8m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV314.5m	AUM314.5m	#Funds23
Adviser ODIN CAPITAL MANAGEMENT	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM249.9m	#Funds-
Adviser ESTUARY CAPITAL MANAGEMENT LP	Hedge Fund865.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV865.5m	AUM865.5m	#Funds3
Adviser TROLUCE CAPITAL ADVISORS LLC	Hedge Fund1.3b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.3b	AUM1.5b	#Funds7

Brochure Summary

Overview

ShadowFall Capital & Research, LLP (“ShadowFall”, “the firm”) was formed as a Limited Liability Partnership under the laws of England and Wales in 2017. ShadowFall’s principal place of business is located in London, United Kingdom. ShadowFall was founded by Matthew Earl on January 25, 2017, and is wholly owned by Matthew Earl. ShadowFall is authorized and regulated by the Financial Conduct Authority (the “FCA”). ShadowFall operates a discretionary investment management business and serves as an investment adviser to the ShadowFall Funds (Cayman Feeder Fund, US Feeder Fund, and Master Fund), a Cayman master- feeder structure organized under the laws and regulations of the Cayman Islands and classified as an Alternative Investment Fund Manager (AIFM) in the UK. ShadowFall also acts as an investment adviser to separately managed accounts (“SMAs”). ShadowFall manages a concentrated pan-European fundamental equity market neutral strategy and has an exclusive focus on generating alpha from short selling single stock equities in the under-researched European mid-cap market. ShadowFall’s aim is to generate

attractive risk adjusted absolute returns throughout the business cycle with a low correlation to equity markets and other equity strategies. In acting as an investment adviser to the Fund on a discretionary basis, ShadowFall formulates its investment objective, directs & manages the investment and reinvestment of the Fund’s assets, which are managed. ShadowFall manages the assets in accordance with the terms of its documents. ShadowFall has complete discretion to manage and direct the capital for the Fund, and investors have no opportunity to select or evaluate any Fund investment. ShadowFall selects all Fund investments and may impose restrictions on certain securities. This is provided for in the Investment Management Agreement (“IMA”) and offering and subscription documents accordingly. ShadowFall does not currently tailor its investment advisory services but could provide tailored services based on the individual needs of clients in the future. As of 31 March 2024, ShadowFall manages $238,115,172 of client assets on a discretionary basis but does not manage any assets on a non-discretionary basis.

SHADOWFALL CAPITAL & RESEARCH LLP

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

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Brochure Summary

Overview