9AT: ARMADA CAPITAL LLC

ARMADA CAPITAL LLC

other names

ARMADA CAPITAL LLC
ARMADA CAPITAL MANAGEMENT, LLC

Adviser Profile

As of Date	03/19/2025
Registration	SEC, Approved, 03/06/2020
ADV Location	MEXICO CITY, Mexico
Contact Info	+52 xxxxxxx
Websites

AUM^*	59,582,148 -18%
of that, discretionary	4,475,126 -84%
Private Fund GAV^*	0 -100%
Avg Account Size	29,791,074 113%
SMA’s	Yes
Private Funds	0 2

Adviser Type

- Outside the United States

Number of Employees 7 -22%

of those in investment advisory functions 4 -33%

Client Types

- Pooled investment vehicles
- Other

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

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

Reported AUM

55M 47M 39M 31M 24M 16M 8M

2020 2021 2022 2023

Discretionary

Non-discretionary

Private Funds

GAV Count

Employees

Brochure Summary

Overview

Armada Capital LLC (“Armada” or the “Firm”) is a Delaware limited liability company formed in January 2020. Armada succeeded to the business of Armada Investment Management, Ltd., Cayman Islands exempted company which was formed in January 2015. Armada is owned by Maya Capital, SA de CV (100%). Maya Capital, SA de CV (“MC”) is a Mexican company owned 99.9% by Alejandro Rojas Domene. Armada serves as the investment manager to the privately offered funds (the “Funds” or individually, a “Fund”). Each Fund is a privately offered Cayman Islands exempted company, exempt from registration under the Investment Company Act of 1940:  Armada Latin America Opportunity Master Fund Ltd. (the “Master Fund”)  Armada Latin America Opportunity Fund, Ltd. (the “LAO Fund”) which invests substantially all of its

investable assets, through a “master-feeder” structure, in the Master Fund. The Master Fund primarily invests in securities of companies either located in Latin America, or which have a majority of their business exposed to the economies of Latin America. Armada also sub-advises a series of unaffiliated private funds focused on Latin America, but the strategy is not exactly the same as that used for the Funds. Additionally, Armada also provides sub-advisory services to pooled investment vehicles that are managed by unaffiliated investment advisers. Armada also manages additional separate accounts. As of January 31, 2024, Armada manages approximately $4,577,630 of regulatory assets under management on a discretionary basis and $68,433,524 of regulatory assets under management on a non-discretionary basis.