9AT: PRAETORIAN PR LLC

other names

PRAETORIAN PR LLC

Adviser Profile

As of Date	03/25/2026
Registration	SEC, Approved, 11/14/2022
Other registrations (1)	SEC, 120-Day Approval, 11/14/2022
ADV Location	RINCON, PR, United States
Contact Info	(78 xxxxxxx
Websites

AUM^*	471,328,732 36%
of that, discretionary	471,328,732 36%
Private Fund GAV^*	471,328,732 40%
Avg Account Size	235,664,366 36%
SMA’s	No
Private Funds	2

Adviser Type

- Large advisory firm

Number of Employees 4 -50%

of those in investment advisory functions 2 -67%

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management

SEC Fund Type	Count	GAV
Fund TypeHedge Fund	Count2	GAV$471,328,732

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 WALLACE HART CAPITAL MANAGEMENT	Hedge Fund17.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV17.5m	AUM264.0m	#Funds3
Adviser OCTAGON FINANCE LLC	Hedge Fund184.1m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV184.1m	AUM184.1m	#Funds9
Adviser SHOREVEST PARTNERS, LTD.	Hedge Fund213.1m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund500.0m	Total Private Fund GAV713.1m	AUM244.0m	#Funds4
Adviser LEFT BRAIN WEALTH MANAGEMENT, LLC	Hedge Fund39.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV39.3m	AUM340.4m	#Funds3
Adviser BALCH HILL CAPITAL	Hedge Fund402.1m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV402.1m	AUM402.1m	#Funds1
Adviser FLOWERING TREE INVESTMENT MANAGEMENT PTE. LTD.	Hedge Fund175.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV175.3m	AUM290.8m	#Funds2
Adviser WHITNEY PEAK CAPITAL, LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM80.2m	#Funds-
Adviser CANNON GLOBAL INVESTMENT MANAGEMENT, LLC	Hedge Fund92.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV92.9m	AUM92.9m	#Funds2
Adviser BUCKEYE-PACIFIC	Hedge Fund211.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV211.2m	AUM225.4m	#Funds3
Adviser LOGICA CAPITAL ADVISERS, LLC	Hedge Fund83.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV83.9m	AUM304.6m	#Funds5

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck Ticker852066208	Stock NameSPROTT INC	$ Position$53,856,000	% Position26.00%	$ Change18.00%	# Change0.00%
Stck Ticker790148100	Stock NameST JOE CO	$ Position$39,184,200	% Position19.00%	$ Change20.00%	# Change0.00%
Stck TickerG5S37H101	Stock NameMAREX GROUP PLC	$ Position$19,180,000	% Position9.00%	$ Change43.00%	# Change25.00%
Stck TickerG98239109	Stock NameXP INC	$ Position$16,370,000	% Position8.00%	$ Change-13.00%	# Change0.00%
Stck Ticker56585A102	Stock NameMARATHON PETE CORP	$ Position$13,823,550	% Position7.00%	$ Change2.00%	# Change21.00%
Stck TickerN4732M103	Stock NameJBS N.V.	$ Position$10,815,000	% Position5.00%	$ Change	# Change
Stck TickerG7490F101	Stock NameRENATUS TACTICAL ACQUIS	$ Position$10,509,950	% Position5.00%	$ Change5.00%	# Change7.00%
Stck Ticker91913Y100	Stock NameVALERO ENERGY CORP	$ Position$10,581,350	% Position5.00%	$ Change-4.00%	# Change0.00%
Stck Ticker86333M108	Stock NameSTRIDE INC	$ Position$8,440,900	% Position4.00%	$ Change	# Change
Stck Ticker80303D305	Stock NameSANUWAVE HEALTH INC	$ Position$7,907,600	% Position4.00%	$ Change1123.00%	# Change1436.00%

Brochure Summary

Overview

Praetorian PR LLC, a Puerto Rico limited liability company formed on July 21, 2021 with a principal place of business in Rincon, Puerto Rico (“PPR”, or the “Investment Manager”), is a registered investment adviser with the SEC. PPR serves as the investment adviser of the Funds (as defined below) with discretionary trading authority. PPR’s investment decisions and advice with respect to the Funds are subject to the Funds’ investment objectives and guidelines, as set forth in their respective private placement memorandum or information memorandum, as applicable (“Offering Documents”). Praetorian Capital Management LLC, a Delaware limited liability company (“PCM” or the “Manager”), serves as the manager of the Master Fund (as defined in this Item 4) and the fund manager of the Feeder Fund (as defined in this Item 4). As the manager of the Master Fund, PCM has management authority over the Master Fund. Additionally, the directors of the Feeder Fund have management authority over the Feeder Fund. The Manager is involved in the day-to-day operations of the Funds and, in conjunction with Funds’ administrator, provides certain administrative, accounting, and compliance services to the Funds and to PPR, in exchange for, from PPR, a portion of the management fee that is payable by the Master Fund and, indirectly,

the Feeder Fund to PPR. Praetorian Founder LLC, a Delaware limited liability company and an affiliate of PPR and PCM, is a special member of the Master Fund, and is entitled to an incentive allocation as detailed in Item 6 herein. PPR, PCM and Praetorian Founder LLC are under common control, with Mr. Harris B. Kupperman holding all of the voting interests therein. PPR provides discretionary investment management services to the following private, pooled investment vehicles:
• Praetorian Capital Fund LLC, a Delaware limited liability company (the “Master Fund”)
• Praetorian Capital Offshore Ltd., a Cayman Islands exempted company (the “Feeder Fund”) The Master Fund and the Feeder Fund are herein collectively referred to as the “Funds” or the “Clients”. The Feeder Fund invests all of its investable assets into the Master Fund and therefore has the same investment objective and portfolio and trading risks as the Master Fund (see “Risk of Loss Factors” in Item 8 herein). The Master Fund’s members (“Members”) and the Feeder Fund’s shareholders (“Shareholders”) are hereafter collectively referred to as the “Investors,” as appropriate. As of February 29, 2024, the Investment Manager has regulatory assets under management of approximately $347.6 million, all of which are managed on a discretionary basis.

PRAETORIAN PR LLC

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