9AT: NORTHLIGHT CAPITAL PARTNERS

other names

NORTHLIGHT CAPITAL PARTNERS
NCP
NORTHLIGHT CAPITAL PARTNERS LLC
NORTHLIGHT

Adviser Profile

As of Date	04/29/2025
ADV Location	WESTPORT, CT, United States
Adviser Type - Large advisory firm
Number of Employees	10 -9%
of those in investment advisory functions	7
Registration	SEC, Approved, 07/21/2022
Other registrations (2)	SEC, ERA - Withdrawn, 06/20/2022 Connecticut, ERA - Withdrawn, 06/20/2022
Former registrations	NORTHLIGHT CAPITAL PARTNERS LLC

AUM^*	527,667,314 45%
of that, discretionary	211,179,846 -7%
Private Fund GAV^*	478,460,646 9%
Avg Account Size	40,589,793 11%
SMA’s	No
Private Funds	13 2
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 TypeReal Estate Fund	Count13	GAV$478,460,646

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 CORTEN REAL ESTATE MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund250.0m	Real Estate Fund376.5m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV626.5m	AUM442.5m	#Funds10
Adviser MARSHALL & SULLIVAN, INC.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund17.0m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV17.0m	AUM473.4m	#Funds5
Adviser PREP INVESTMENT ADVISERS, L.L.C.	Hedge Fund-	Liquidity Fund-	Private Equity Fund600.2m	Real Estate Fund781.3m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.4b	AUM1.0b	#Funds11
Adviser LIONHEART STRATEGIC MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund12.4m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV12.4m	AUM370.9m	#Funds1
Adviser VILA, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund298.9m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV298.9m	AUM298.9m	#Funds2
Adviser PENDER CAPITAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund50.0m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV50.0m	AUM505.8m	#Funds2
Adviser BLOOMFIELD CAPITAL HOLDINGS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund326.5m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV326.5m	AUM431.9m	#Funds9
Adviser EM ADVISOR	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund155.5m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV155.5m	AUM153.5m	#Funds53
Adviser ACUMEN WEALTH ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund9.4m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV9.4m	AUM593.7m	#Funds1
Adviser SENECA HOUSE ADVISORS	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund2.4m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.4m	AUM424.7m	#Funds1

Brochure Summary

Overview

Northlight Capital Partners LLC (“NCP” or the “Advisor”), a Delaware limited liability company, is an investment management firm based in Connecticut that commenced operations in early 2013. For purposes of this brochure, NCP means Northlight Capital Partners LLC together with its affiliates serving as general partners and managers of the Clients (defined below). Hillspoint Partners LLC (“HPP”), a Delaware limited liability company, is the sole member and manager of NCP, and Michael B. Gerig is HPP’s principal owner. NCP provides investment advisory services to various pooled investment vehicles (the “Funds”) and co-investment vehicles where other investors make investments alongside the Funds (the “Co-Investment Vehicles,” together with the Funds the “Clients”). The Clients are exempt from registration under the Investment Company Act of 1940, and their securities are not registered under the Securities Act of 1933. NCP’s investment activities focus primarily on opportunistic credit and/or equity investments in stressed/distressed real estate-related opportunities. Each Fund’s investment strategy is described in more detail in a confidential private placement memorandum, a limited partnership agreement, and other governing documents applicable to such Fund and the Co-Investment Vehicles are generally governed by their operating agreements (such documents as applicable for each Client are referred to as “Governing Documents”). NCP generally has full discretionary

authority with respect to investment decisions for the Funds. NCP invests each Fund’s portfolio in compliance with the investment objectives, guidelines and restrictions set forth in the applicable Fund’s Governing Documents. NCP does not tailor its investment advice to meet the investment needs of any individual investors in the Funds. However, in accordance with common industry practice, a Fund or its general partner may from time to time enter into a “side letter” or similar agreement with an investor pursuant to which such Fund or its general partner grants the investor specific rights, benefits or privileges that are not generally made available to all investors. See “Item 8 - Methods of Analysis, Investment Strategies and Risk of Loss” below for additional information. For the Co-Investment Vehicles, NCP does not generally have full discretion to make investment decisions. Instead, the investors in such Co-Investment Vehicles retain discretion to make the initial commitment and/or investment decision, and subsequent to that initial decision NCP is generally responsible for managing the co-investment, subject to the applicable Governing Documents. NCP does not participate in wrap fee programs. As of December 31, 2023, NCP had regulatory assets under management of approximately $463,732,010, of which $213,856,034 was managed on a discretionary basis and $249,875,976 was managed on a non-discretionary basis.

NORTHLIGHT CAPITAL PARTNERS

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