9AT: PILGRIM GLOBAL ADVISORS LLC

other names

PILGRIM GLOBAL ADVISORS LLC

Adviser Profile

As of Date	03/17/2025
ADV Location	RENO, NV, United States
Adviser Type - Large advisory firm
Number of Employees	9 350%
of those in investment advisory functions	3 200%
Registration	SEC, Approved, 10/13/2022
Other registrations (1)	SEC, 120-Day Approval, 10/13/2022

AUM^*	951,851,378 217%
of that, discretionary	951,851,378 217%
Private Fund GAV^*	951,851,378 63%
Avg Account Size	475,925,689 58%
SMA’s	No
Private Funds	2 1
Contact Info	(77 xxxxxxx

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management

Fund Type	Count	GAV
Fund TypeHedge Fund	Count1	GAV$784,164,664
Fund TypeOther Private Fund	Count1	GAV$167,686,714

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 BHZ CAPITAL MANAGEMENT, LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM153.0m	#Funds-
Adviser WAYCROSS PARTNERS, LLC	Hedge Fund127.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV127.4m	AUM865.5m	#Funds3
Adviser EDGE FOCUS CAPITAL MANAGEMENT, LLC	Hedge Fund446.4m	Liquidity Fund-	Private Equity Fund50.0k	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV446.5m	AUM497.8m	#Funds4
Adviser ARISTIDES CAPITAL LLC	Hedge Fund472.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV472.8m	AUM472.8m	#Funds5
Adviser CORNWALL CAPITAL MANAGEMENT LP	Hedge Fund132.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV132.7m	AUM132.7m	#Funds5
Adviser KANEN WEALTH MANAGEMENT LLC	Hedge Fund147.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV147.8m	AUM340.9m	#Funds3
Adviser ENGINE NO.1 LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM299.9m	#Funds-
Adviser TENERE CAPITAL, LLC	Hedge Fund512.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV512.4m	AUM512.4m	#Funds5
Adviser RESOLUTE GLOBAL PARTNERS, LTD.	Hedge Fund315.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV315.4m	AUM315.4m	#Funds1
Adviser LIZARD INVESTORS LLC	Hedge Fund20.6m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV20.6m	AUM223.1m	#Funds2

Brochure Summary

Overview

A. Description of the Advisory Firm Pilgrim Global Advisors LLC (“PGA LLC” or the “Firm”), a Delaware limited liability company, was formed in July 2022 to become the Alternative Investment Fund Manager (“AIFM”) of Pilgrim Global ICAV, an Irish collective asset management vehicle registered with the Central Bank of Ireland (the “ICAV”). The Firm is owned by Darren Maupin and Kean Chung. B. Types of Advisory Services PGA LLC serves as the non-EU AIFM to the ICAV and as the general partner of the Pilgrim Global SPV I (US), LP (the “SPV” and collectively with the ICAV the “Funds”) pursuant to the Funds’ constituent documents (the “ Constituent Documents”) The Firm’s investment program for the ICAV focuses on identifying opportunities following market dislocations that present mis- pricings due to human, institutional, and/or technical factors. Investment opportunities are evaluated by comparing prices to conservative estimates of underlying intrinsic business value rather than attempting to forecast stock price movements over the short and medium-term. The ICAV seeks to invest in deeply undervalued businesses with a large margin of safety, high, asymmetric return potential, and minimal medium- term

risks to the business from factors such as technological obsolescence or increased competition. Patience, a long investment time horizon, and a focus on the people involved are additional important aspects of the investment philosophy. For the purposes of the ICAV’s investment program the Firm defines “risk” as the probability of permanent impairments of intrinsic value of the underlying companies in the portfolio. The ICAV offers shares (“Interests” or “Shares”) to certain qualified investors as described in response to Item 7, below (such investors are referred to herein as “Investors” or “Shareholders”). The SPV was formed in 2023 to hold a single security. Interests in the SPV are not continuously offered. C. Client Tailored Services and Client Imposed Restrictions PGA LLC will have the authority to select which and how many securities and other instruments the Funds will buy or sell without consultation with the Funds Investors. D. Wrap Fee Programs PGA LLC does not participate in wrap fee programs. E. Amounts Under Management As of December 31, 2023, PGA LLC had $584,987,740 million of regulatory assets under management on a discretionary basis and $0 on a non-discretionary basis.

PILGRIM GLOBAL ADVISORS LLC

Adviser Profile

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

Similar advisers

Brochure Summary

Overview