9AT: THIRD LAKE PARTNERS, LLC

other names

THIRD LAKE PARTNERS, LLC
THIRD LAKE

Adviser Profile

As of Date	03/31/2025
Registration	SEC, Approved, 04/11/2019
ADV Location	TAMPA, FL, United States
Contact Info	(81 xxxxxxx
Websites

AUM^*	3,351,962,319 5%
of that, discretionary	2,789,489,184 43%
Private Fund GAV^*	2,091,641,731
Avg Account Size	63,244,572 28%
SMA’s	Yes
Private Funds	61 17

Adviser Type

- Large advisory firm

Number of Employees 15 -21%

of those in investment advisory functions 14 27%

Client Types

- Pooled investment vehicles
- Corporations or other businesses not listed above

Advisory Activities

- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses
- Selection of other advisers

Compensation Arrangments

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

SEC Fund Type	Count	GAV
Fund TypePrivate Equity Fund	Count6	GAV$161,372,496
Fund TypeReal Estate Fund	Count22	GAV$1,070,035,516
Fund TypeVenture Capital Fund	Count3	GAV$44,322,394
Fund TypeOther Private Fund	Count30	GAV$815,911,325

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 RE-ENVISION WEALTH	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM117.4m	#Funds-
Adviser CORUNDUM GROUP, INC.	Hedge Fund-	Liquidity Fund16.6m	Private Equity Fund54.5m	Real Estate Fund91.5m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund644.7m	Total Private Fund GAV807.4m	AUM1.5b	#Funds15
Adviser SC CAPITAL PARTNERS PTE. LTD.	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.5b	Real Estate Fund1.2b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.6b	AUM-	#Funds14
Adviser CGI INVESTMENT MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM950.6m	#Funds-
Adviser AILSA CAPITAL LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund69.6m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund10.1m	Total Private Fund GAV79.7m	AUM-	#Funds5
Adviser MESA WEST CAPITAL	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund780.1m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund4.3b	Total Private Fund GAV5.0b	AUM7.8b	#Funds4
Adviser JAMESTOWN, L.P.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund3.1b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund3.3b	Total Private Fund GAV6.5b	AUM7.2b	#Funds16
Adviser FAIRBRIDGE ASSET MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund69.5m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV69.5m	AUM370.7m	#Funds2
Adviser BENTALLGREENOAK (U.S.) LIMITED PARTNERSHIP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund2.5b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund13.3b	Total Private Fund GAV15.8b	AUM24.7b	#Funds20
Adviser MESIROW FINANCIAL INVESTMENT MANAGEMENT, INC.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund3.1b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund82.8m	Total Private Fund GAV3.2b	AUM43.4b	#Funds8

Brochure Summary

Overview

A. Third Lake Partners, LLC is an investment advisory firm with its principal place of business located in Tampa, Florida. Third Lake Partners, LLC will be referred to in this brochure as “Third Lake,” “we,” the “Adviser,” or the “Firm.” Third Lake was formed in 2013, and commenced investment advisory operations in 2019. Third Lake was co-founded by its indirect principal owners Kenneth (“Ken”) Jones, who is the managing partner and Robert Forsythe, who is a partner. Each of the principal owners owns their interest in Third Lake indirectly through a limited liability company. The Firm is organized as a Delaware limited liability company. B. Third Lake serves as an investment advisory firm to a variety of clients on a discretionary and non-discretionary basis across asset classes which include, but are not limited to, real estate, private credit, private equity, venture capital and hedge funds. Third Lake’s clients include, but are not limited to, family offices, high net worth individuals, trusts, private foundations, retirement plans and private investment partnerships through both separately managed accounts (generally such clients are non-discretionary) (such clients referred to as the “SMAs”) and private pooled investment vehicles (such clients referred to as the “Funds” and each a “Fund,” and collectively with SMAs, the “Clients” and each a “Client”) (generally such Fund Clients are discretionary). The Firm also provides financial advisory and due diligence services, among others, as and when

requested by SMAs from time to time. The Adviser, in providing its non-discretionary services to its SMAs, will source and recommend investment opportunities to the SMAs (consistent with each SMA’s investment guidelines). Any investment opportunities in which the SMAs determine to invest will generally be effected through a Fund. Thus, if an SMA Client determines to invest in an investment opportunity sourced and recommended by the Adviser, such assets attributable to such SMA Client will generally ultimately invest in a discretionary Client of the Adviser (i.e., a Fund). C. Investments are tailored and customized to each SMA’s individual needs and requirements. SMAs could impose investment restrictions. Investments in the Funds will not be tailored to the individual needs of its beneficial owners directly nor will any beneficial owner of a Fund be able to impose restrictions on the types of investments held by such Fund. However, to the extent the Fund directly imposes restrictions on certain types of investments, such restrictions will be detailed in the applicable Fund’s offering and/or related documents. D. We do not participate in wrap fee programs. E. As of December 31, 2023, Third Lake managed approximately $3,185,787,024 total regulatory assets under management of which $1,593,678,197 is discretionary, and $1,592,108,823 is non- discretionary. 2 | P a g e See Item 8 of this brochure for a more detailed discussion of Third Lake’s investment strategies.

THIRD LAKE PARTNERS, LLC

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