9AT: SECTION PARTNERS MANAGEMENT, LLC

other names

SECTION PARTNERS MANAGEMENT, LLC

Adviser Profile

As of Date	03/27/2025
ADV Location	PALO ALTO, CA, United States
Adviser Type - Large advisory firm
Number of Employees	10 -9%
of those in investment advisory functions	6 -25%
Registration	SEC, Approved, 07/29/2021

AUM^*	577,059,604 12%
of that, discretionary	577,059,604 12%
Private Fund GAV^*	480,857,874 4%
Avg Account Size	52,459,964 2%
SMA’s	No
Private Funds	13 3
Contact Info	650 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 TypeVenture Capital Fund	Count4	GAV$38,730,821
Fund TypeOther Private Fund	Count9	GAV$442,127,053

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 MCMORGAN & COMPANY LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund9.0m	Other Fund1.2b	Total Private Fund GAV1.2b	AUM7.4b	#Funds6
Adviser CHEROKEE & WALKER MANAGEMENT	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund1.9m	Other Fund76.7m	Total Private Fund GAV80.5m	AUM117.2m	#Funds4
Adviser BLUE YARD CAPITAL	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund25.4m	Other Fund587.5m	Total Private Fund GAV638.2m	AUM-	#Funds7
Adviser SCALA CAPITAL LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund3.5m	Other Fund55.4m	Total Private Fund GAV62.3m	AUM306.6m	#Funds10
Adviser INTELLECTUS PARTNERS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund52.0m	Total Private Fund GAV52.0m	AUM1.3b	#Funds8
Adviser NEW LEGACY GROUP, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund72.8m	Other Fund497.6m	Total Private Fund GAV643.2m	AUM707.9m	#Funds28
Adviser FRIENDS & FAMILY CAPITAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund325.5m	Other Fund179.1m	Total Private Fund GAV830.1m	AUM504.6m	#Funds14
Adviser GREENHOUSE CAPITAL MANAGEMENT, LLC	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 SCOTTISH EQUITY PARTNERS	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund205.4m	Other Fund808.8m	Total Private Fund GAV1.2b	AUM-	#Funds11
Adviser ETHOS MANAGER LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund36.1m	Other Fund35.0m	Total Private Fund GAV107.2m	AUM-	#Funds21

Brochure Summary

Overview

A. Description of the Advisory Firm Section Partners Management, LLC (“Section Partners” or the “Firm”), a Delaware limited liability company, formed on February 13, 2014. David Crowder and Alisyn Crowder are the principal owners and Mr. Crowder is the Managing Partner of Section Partners. B. Types of Advisory Services The Firm serves as investment adviser to certain private investment funds, which are organized as Delaware limited partnerships or limited liability companies (each a “Fund” and collectively the “Funds”). Affiliates of the Firm serve as the General Partner or Managing Member, as applicable, of the Funds. The Firm may decide in the future to sponsor or manage additional private investment funds. The Firm is a venture capital firm that provides financing to stock and option holders of high- growth, late-stage, venture-backed companies. Investments are made in accordance with the strategy described in each Fund’s offering

memorandum, limited partnership agreement or limited liability company operating agreement (as applicable), and subscription documents (collectively, the “Governing Documents”). 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”). C. Client Tailored Services and Client Imposed Restrictions Advisory services are tailored to achieve the Funds’ investment objectives. The Firm has the authority to select which and how many portfolio companies invest in without consultation with the Fund or its Investors. D. Wrap Fee Programs The Firm does not participate in wrap fee programs. E. Amounts Under Management As of December 31, 2023, the Firm has $588,000,103 in regulatory assets under management on a discretionary basis. The Firm does not manage assets on a non-discretionary basis.

SECTION PARTNERS MANAGEMENT, LLC

Adviser Profile

Details

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

Similar advisers

Brochure Summary

Overview