9AT: BANNEKER PARTNERS LLC

other names

BANNEKER PARTNERS LLC

Adviser Profile

As of Date	03/28/2025
ADV Location	SAN FRANCISCO, CA, United States
Adviser Type - Large advisory firm
Number of Employees	28 12%
of those in investment advisory functions	24 4%
Registration	SEC, Approved, 07/30/2020
Other registrations (2)	SEC, ERA - Withdrawn, 06/30/2020 California, ERA - Withdrawn, 06/30/2020
Former registrations	BANNEKER PARTNERS LLC

AUM^*	2,205,398,818 11%
of that, discretionary	2,205,398,818 24%
Private Fund GAV^*	2,205,398,818 -1%
Avg Account Size	245,044,313 24%
SMA’s	No
Private Funds	11 1
Contact Info	(41 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

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

Fund Type	Count	GAV
Fund TypePrivate Equity Fund	Count11	GAV$2,205,398,818

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 NEXPHASE CAPITAL, LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund4.3b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV4.3b	AUM2.2b	#Funds12
Adviser AMULET CAPITAL PARTNERS, L.P.	Hedge Fund-	Liquidity Fund-	Private Equity Fund2.0b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.0b	AUM3.1b	#Funds10
Adviser MILL POINT CAPITAL LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.7b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.7b	AUM3.6b	#Funds9
Adviser HULL STREET ENERGY	Hedge Fund-	Liquidity Fund-	Private Equity Fund3.3b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV3.3b	AUM3.3b	#Funds12
Adviser SOLE SOURCE CAPITAL LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.3b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.3b	AUM1.3b	#Funds7
Adviser OCEANSOUND PARTNERS, LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund6.5b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV6.5b	AUM4.5b	#Funds37
Adviser DIVERSIS CAPITAL MANAGEMENT, L.P.	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.8b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.8b	AUM2.1b	#Funds16
Adviser LONGRANGE CAPITAL, L.P.	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.6b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.6b	AUM1.8b	#Funds1
Adviser ALIGNED CLIMATE CAPITAL LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund229.8m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV229.8m	AUM1.8b	#Funds6
Adviser SENTRY, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund588.0k	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV588.0k	AUM2.7b	#Funds1

Brochure Summary

Overview

A. Description of the Advisory Firm Banneker Partners, LLC (“Banneker” or the “Firm”) is a San Francisco based private equity firm established in 2016. The Banneker team is composed of nine professionals with over 80 years of relevant investing, operating and administrative experience. The Firm is led by five Partners, including Stephen Davis, Matthew McDonald, Harjot Sachdeva, Darryl Lewis, and Kenneth Frank. Mr. Davis, Mr. McDonald, and Mr. Frank are primarily focused on leading investments and operations of portfolio companies, whereas Mr. Sachdeva and Mr. Lewis are primarily focused on the execution of best practices and implementation of strategic initiatives across the Firm’s portfolio. B. Types of Advisory Services Banneker serves as an investment adviser to certain private investment funds, which are organized as Delaware limited partnerships or limited liability companies (and special purpose vehicles (“SPVs”) (each a “Fund” and collectively the “Funds”). SPVs are typically formed on a transaction-by-transaction basis to participate in investment opportunities alongside the Funds. Unlike the Funds, which generally do not limit investment discretion, such SPVs are often limited to investing only in the securities relating to the particular transaction for which the SPV was created. Collectively, the SPVs and the Funds will be known as “clients.”

Affiliates of Banneker serve as general partner or manager, as applicable, of the Funds. Banneker may also decide in the future to sponsor or manage additional private investment funds or other clients. The Funds offer limited partnership or membership interests, as applicable (“Interests”) to certain qualified investors as described in response to Item 7, below (such investors are referred to herein as “Investors”). Banneker invests primarily in the software industry. Banneker is often the sole institutional investor in its portfolio companies, but also may make select co-investments. The Firm’s strategy is described in its marketing materials, the Funds’ limited partnership or limited liability company operating agreement, as applicable, and the subscription documents (collectively, the “Governing Documents”). C. Client Tailored Services and Client Imposed Restrictions Advisory services are tailored to achieve each Fund’s investment objectives. Banneker has the authority to select which and how many portfolio companies to invest in and to determine exit strategies pursuant to the Governing Documents. D. Wrap Fee Programs Banneker does not participate in wrap fee programs. E. Amounts Under Management As of December 31, 2023, Banneker has approximately $1,989,598,775 in assets, including unfunded commitments under management.

BANNEKER PARTNERS LLC

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