9AT: PLACEHOLDER MANAGEMENT, LLC

other names

PLACEHOLDER MANAGEMENT, LLC

Adviser Profile

As of Date	02/19/2025
ADV Location	NEW YORK, NY, United States
Adviser Type - Large advisory firm
Number of Employees	7 75%
of those in investment advisory functions	5 67%
Registration	SEC, Approved, 07/23/2021
Other registrations (1)	SEC, ERA - Withdrawn, 06/23/2021
Former registrations	PLACEHOLDER MANAGEMENT, LLC

AUM^*	1,263,932,205 187%
of that, discretionary	1,263,932,205 187%
Private Fund GAV^*	1,263,932,205 30%
Avg Account Size	421,310,735 187%
SMA’s	No
Private Funds	3
Contact Info	929 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$1,263,932,205

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 SAGE COLLECTIVE	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 NORTH SKY CAPITAL, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund403.9m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund618.9m	Other Fund673.7m	Total Private Fund GAV2.3b	AUM869.2m	#Funds19
Adviser H. BARTON ASSET MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund315.7m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund975.4m	Total Private Fund GAV1.3b	AUM1.3b	#Funds13
Adviser RIZVI TRAVERSE MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund52.6m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund494.9m	Other Fund8.4m	Total Private Fund GAV1.1b	AUM522.4m	#Funds38
Adviser SUN MOUNTAIN CAPITAL ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund271.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund158.2m	Other Fund49.8m	Total Private Fund GAV637.2m	AUM479.0m	#Funds10
Adviser RISCURA INVEST	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 BELL HILL MANAGER LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund12.3m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund8.9m	Other Fund43.1m	Total Private Fund GAV73.2m	AUM-	#Funds7
Adviser MONTLAKE CAPITAL	Hedge Fund-	Liquidity Fund-	Private Equity Fund28.9m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund5.4m	Other Fund4.6m	Total Private Fund GAV44.2m	AUM-	#Funds9
Adviser WESTRIVER MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund155.2m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund343.6m	Other Fund122.8m	Total Private Fund GAV965.2m	AUM621.6m	#Funds38
Adviser MAIN STREET ADVISORS	Hedge Fund110.9m	Liquidity Fund-	Private Equity Fund1.4b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund54.6m	Total Private Fund GAV1.6b	AUM8.7b	#Funds7

Brochure Summary

Overview

General Description of Advisory Firm. The Adviser is an investment adviser with its principal place of business in New York, NY. The Adviser commenced operations as an investment adviser on August 1, 2017 and is registering with the SEC as of the date of this brochure. The Adviser’s managing members and principal owners are Joel Monegro and Christopher Burniske. Description of Advisory Services (including any specializations). The Adviser is a venture capital firm that invests primarily in open blockchain networks and web3 applications. The Adviser provides advisory services on a discretionary basis to its clients, which include pooled investment vehicles intended for sophisticated investors and institutional investors. The Adviser provides investment supervisory services primarily with respect to cryptocurrencies, including Bitcoin and Ethereum, and other restricted and privately issued securities. The Adviser’s investment advice

focuses on investments in cryptoassets on blockchain networks (via tokens) (“Digital Assets”) and early-stage web3 companies (via equity). Availability of Tailored Services for Individual Clients. The Adviser’s Funds include:
• Placeholder Fund I, LP (“Placeholder Fund I”)
• Placeholder Fund II, LP (“Placeholder Fund II”)
• Placeholder Long Term LP (“Placeholder Long Term”) The Adviser bases its advice to clients on the investment objectives and restrictions (if any) set forth in the applicable offering memorandum, organizational documents, limited partnership agreement, investment management agreement, and/or subscription agreements, as the case may be (each, and collectively, the “Governing Documents”). Client Assets Under Management. As of December 31, 2022, the Adviser had approximately $439,759,068 client assets under management. All of the Adviser’s assets are managed on a discretionary basis.

PLACEHOLDER MANAGEMENT, LLC

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