9AT: BALEEN CAPITAL MANAGEMENT LLC

other names

BALEEN CAPITAL MANAGEMENT LLC

Adviser Profile

As of Date	04/30/2025
ADV Location	SEATTLE, WA, United States
Adviser Type - Large advisory firm
Number of Employees	1
of those in investment advisory functions	1
Registration	SEC, Approved, 09/02/2021
Other registrations (2)	SEC, ERA - Withdrawn, 08/03/2021 Oregon, ERA - Withdrawn, 07/02/2021
Former registrations	BALEEN CAPITAL MANAGEMENT LLC BALEEN CAPITAL MANAGEMENT LLC

AUM^*	192,700,000 81%
of that, discretionary	192,700,000 81%
Private Fund GAV^*	192,700,000 71%
Avg Account Size	64,233,333 81%
SMA’s	No
Private Funds	3
Contact Info	646 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 TypeHedge Fund	Count1	GAV$166,900,000
Fund TypeOther Private Fund	Count2	GAV$25,800,000

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 WESTROCK ASSET MANAGEMENT, LLC	Hedge Fund198.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund27.7m	Total Private Fund GAV226.0m	AUM208.5m	#Funds4
Adviser IMARA ASSET MANAGEMENT LIMITED	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM42.8m	#Funds-
Adviser ARCUS INVESTMENT ASIA LIMITED	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 UTXO MANAGEMENT GP, 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 JENEQ MANAGEMENT LP	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 RAGING 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 RADAR EQUITIES LLC	Hedge Fund523.1m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV523.1m	AUM-	#Funds4
Adviser ARCUS INVESTMENT LIMITED	Hedge Fund87.1m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund2.3b	Total Private Fund GAV2.3b	AUM-	#Funds3
Adviser ARCM	Hedge Fund2.9b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.9b	AUM-	#Funds4
Adviser MARYLEBONE PARTNERS LLP	Hedge Fund217.6m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund390.7m	Total Private Fund GAV608.3m	AUM-	#Funds5

Brochure Summary

Overview

Baleen is a Delaware limited liability company that has been in business since May 1, 2012. Baleen’s manager, controlling owner and portfolio manager is Fang Li. As of July 31, 2023, Baleen had discretionary assets under management of approximately $106,700,000. Baleen only manages assets on a discretionary basis. Baleen serves as the general partner and investment adviser to private investment funds (the “Baleen Funds”). Baleen has also formed one or more “special purpose” funds, and may form similar funds in the future (“SPVs”), to invest in opportunities that it believes are attractive but are (a) appropriate for the Baleen Funds, but too large to allocate solely to those funds, (b) outside of the Baleen Funds’ investment strategies, or (c) in Baleen’s judgment not appropriate at that time for the Baleen Funds. The Baleen Funds and the SPVs are referred to collectively as the “Funds” and individually as a “Fund”. Baleen invests principally, but not solely, in equity and equity-related securities of public and

private companies in global markets on behalf of its clients, but is authorized to enter into any type of investment transaction that it deems appropriate under the terms of Fund’s partnership or operating agreement or client account agreement. The investors in the Funds have no opportunity to select or evaluate any Fund investments or strategies. Baleen selects all Fund investments and strategies. Additionally, Baleen will, on occasion, provide consulting services to private companies. This will generally take the form of advice related to company growth, oversight of financials, marketing, and other advice related to the development of the company. Such services may be provided to underlying portfolio companies as well as potential investment targets. In the case of services provided to companies held in any of the Fund portfolios, any compensation paid to Baleen will be reflected in a direct offset to management fees for the relevant Fund equal to the compensation paid. Baleen does not participate in wrap fee programs.

BALEEN CAPITAL MANAGEMENT LLC

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