9AT: BELSTAR MANAGEMENT COMPANY, LLC

BELSTAR MANAGEMENT COMPANY, LLC

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BELSTAR MANAGEMENT COMPANY, LLC

Adviser Profile

Registration status

Terminated

As of Date	06/26/2025
ADV Location	NEW YORK, NY, United States
Adviser Type - No longer eligible
Number of Employees	7
of those in investment advisory functions	3

AUM^*	649,430,370 -49%
of that, discretionary	649,430,370 -49%
Private Fund GAV^*	0
Avg Account Size	216,476,790 -49%
SMA’s	No
Private Funds	0 2
Contact Info	212 xxxxxxx
Websites

Client Types

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

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

Reported AUM

3B 3B 2B 2B 1B 957M 479M

2021 2022 2023

Discretionary

Non-discretionary

Private Funds

GAV Count

Employees

Brochure Summary

Overview

Belstar Management Company, LLC is a Delaware limited liability company formed in March 2009 with its principal office in New York, New York. The sole owner of Belstar is Daniel Yun. Belstar provides investment advisory services to private pooled investment vehicles and to a single separately managed account. The private pooled investment vehicles include:
• Belstar Credit Opportunities Fund (SPC), Ltd. Class A TALF Eligible, a Cayman Islands segregated portfolio company; and
• Belstar Credit Opportunities Fund, LLC Series A, a Delaware limited liability company. Unless otherwise specified, these private pooled investment vehicles are each referred to as a “Fund” or and, collectively, the “Funds”. Belstar Holdings LLC serves as the general partner of Belstar Credit Opportunities Fund, LLC Series A and Daniel Yoon and Joon Ho Lee serve as directors of Belstar Credit Opportunities Fund (SPC), Ltd. Class A TALF Eligible (each, respectively, the “General Partner”). Belstar Credit Opportunities Fund (SPC), Ltd. Class A TALF Eligible invests a substantial portion of its portfolio in Alta Fundamental Advisers SP LLC – Belstar-Alta Series 1 (“Belstar-Alta

Series 1”). Belstar Credit Opportunities Fund, LLC Class A invests a substantial portion of its portfolio in Alta Fundamental Advisers SP LLC – Belstar-Alta Series 2 (“Belstar-Alta Series 2”). The Funds are managed in accordance with their own investment objectives as set forth in the relevant governing and offering documents of the Funds (each, a “Fund Document” and, collectively, the “Fund Documents”). Investment objectives are not tailored to any particular Fund investor (each, an "Investor" and, collectively, the “Investors”). Belstar also provides investment advisory services to a single separately managed account client, referred to here in as an “SMA Client” and together with the Funds, the “Clients”. The investment objectives, fee arrangements and terms of the separately managed account were negotiated by Belstar and the SMA Client. Belstar does not participate in wrap fee programs, does not have any managed accounts; and does not have any client accounts other than the Clients described above. As of December 31, 2023, Belstar had approximately $649,430,000 in regulatory assets under management on a discretionary basis on behalf of its Clients.