9AT: VELVET SEA VENTURES

other names

VELVET SEA VENTURES
VSV MANAGEMENT, LLC

Adviser Profile

As of Date	03/28/2025
Registration	SEC, Approved, 01/14/2022
ADV Location	WEST PALM BEACH, FL, United States
Contact Info	248 xxxxxxx
Websites

AUM^*	203,900,441 -1%
of that, discretionary	203,900,441 -32%
Private Fund GAV^*	230,998,452 -10%
Avg Account Size	25,487,555 -15%
SMA’s	No
Private Funds	11 2

Adviser Type

- Large advisory firm

Number of Employees 9

of those in investment advisory functions 7

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

SEC Fund Type	Count	GAV
Fund TypeVenture Capital Fund	Count11	GAV$230,998,452

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 QUID CAPITAL GROUP HOLDINGS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.4b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund1.6b	Other Fund693.6m	Total Private Fund GAV5.3b	AUM3.5b	#Funds47
Adviser OLDSLIP MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund31.2m	Other Fund5.7m	Total Private Fund GAV68.0m	AUM-	#Funds6
Adviser NEW SUMMIT INVESTMENTS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM117.0m	#Funds-
Adviser DEEPWORK CAPITAL, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund212.6m	Other Fund500.0k	Total Private Fund GAV425.7m	AUM213.7m	#Funds6
Adviser ALPHA SQUARE GROUP S, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund46.6m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund780.3m	Other Fund232.5m	Total Private Fund GAV1.8b	AUM1.1b	#Funds21
Adviser PROPEL VENTURE PARTNERS MANAGEMENT CO.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund521.2m	Other Fund22.9m	Total Private Fund GAV1.1b	AUM836.0m	#Funds7
Adviser COLUMBIA CAPITAL	Hedge Fund-	Liquidity Fund-	Private Equity Fund106.0m	Real Estate Fund1.2b	Securitized Asset Fund-	Venture Capital Fund7.5b	Other Fund3.2b	Total Private Fund GAV19.4b	AUM6.8b	#Funds30
Adviser GREENOAKS	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund11.9b	Other Fund774.4m	Total Private Fund GAV24.5b	AUM12.6b	#Funds86
Adviser CRE VENTURE CAPITAL, INC.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund432.9m	Other Fund-	Total Private Fund GAV865.8m	AUM406.5m	#Funds34
Adviser RIGHT SIDE CAPITAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund320.5m	Other Fund-	Total Private Fund GAV641.0m	AUM320.5m	#Funds9

Brochure Summary

Overview

VSV’s Business VSV is a limited liability company formed in Delaware in May 2019. VSV is managed by Michael Lazerow, Kathryn Lazerow, John Giampetroni, Matthew Giampetroni and Katherine Q. Rosa. The owners of 25% or more of the interests in VSV are Lazerow Enterprises, LLC (wholly owned by Michael Lazerow), Traverse Capital Partners LLC (wholly owned by John Giampetroni), and Acestes LLC (wholly owned by Matthew Giampetroni). VSV provides discretionary investment advisory services to two venture capital funds, Velvet Sea Venture Capital Fund, LP and Velvet Sea Venture Capital Fund II, LP (the “Funds”), with a focus on opportunistic investments in privately held seed, early-stage and growth-oriented companies; and provides discretionary investment advisory services to various special purpose vehicles (“SPVs” and, collectively with the Funds, “Clients”), and may do so for additional funds or SPVs (“Future Clients”). In their capacity as the general partners of the Funds, VSV’s common control affiliates VSV GP, LLC and VSV GP II, LLC (the “General Partners”), each a Delaware limited liability company, rely on VSV to make all investment decisions for the Funds based on the investment objectives and strategies set forth in each Fund’s limited

partnership agreement. VSV also provides certain non-investment-related management and operational services for the Funds and the General Partners, which services include legal and compliance and certain fund or SPV administration services (e.g., bookkeeping, tax, accounting, audit and certain investor reporting services). Investment advice is not provided to the investors (e.g., limited partners or members) in the Funds or SPVs (“Investors”). Investors should carefully review the applicable Fund’s or SPV’s relevant organizational documents, including the limited partnership agreement or operating agreement, investment management agreement, private placement memorandum, subscription agreements, or similar documents, as applicable (each a “Client Document,” and collectively, the “Client Documents”) before making an investment, as the terms set forth therein will govern the applicable Fund or SPV. VSV does not participate in wrap fee programs. Regulatory Assets Under Management As of December 31, 2023, VSV managed $206,228,666 in assets on a discretionary basis and $0 on a non-discretionary basis (and therefore the amount of its regulatory assets under management (“RAUM”) as of December 31, 2023 was $206,228,666).

VELVET SEA VENTURES

Adviser Profile

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