9AT: CARBON DIRECT CAPITAL MANAGEMENT LLC

other names

CARBON DIRECT CAPITAL MANAGEMENT LLC

Adviser Profile

As of Date	05/14/2025
Registration	SEC, Approved, 05/01/2023
Other registrations (2)	SEC, ERA - Withdrawn, 03/31/2023 SEC, ERA - Active, 12/13/2021
Former registrations	CARBON DIRECT CAPITAL MANAGEMENT LLC
ADV Location	NEW YORK, NY, United States
Contact Info	212 xxxxxxx
Websites

AUM^*	799,971,858 16%
of that, discretionary	799,971,858 16%
Private Fund GAV^*	1,359,688,100 70%
Avg Account Size	88,885,762 -36%
SMA’s	No
Private Funds	11 6

Adviser Type

- Large advisory firm

Number of Employees 17 42%

of those in investment advisory functions 8 33%

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 TypePrivate Equity Fund	Count8	GAV$440,090,259
Fund TypeVenture Capital Fund	Count3	GAV$919,597,841

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 PALISADES MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund111.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund55.0m	Other Fund-	Total Private Fund GAV221.3m	AUM166.3m	#Funds5
Adviser FTI CAPITAL MANAGEMENT	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM25.0m	#Funds-
Adviser OCEANIQ CAPITAL, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund39.5m	Other Fund-	Total Private Fund GAV78.9m	AUM212.4m	#Funds4
Adviser HIVEMIND CAPITAL PARTNERS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund394.8m	Other Fund-	Total Private Fund GAV789.7m	AUM341.0m	#Funds14
Adviser MODI VENTURE CAPITAL MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund32.7m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund21.6m	Other Fund-	Total Private Fund GAV75.8m	AUM-	#Funds9
Adviser IMPRESA MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund6.3b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund4.7b	Other Fund-	Total Private Fund GAV15.7b	AUM11.0b	#Funds38
Adviser TWO SIGMA VENTURES, LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.2b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund480.2m	Other Fund-	Total Private Fund GAV2.2b	AUM1.7b	#Funds15
Adviser MOTIVATE 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-	AUM183.4m	#Funds-
Adviser IMPACT ENGINE	Hedge Fund-	Liquidity Fund-	Private Equity Fund270.2m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund42.0m	Other Fund-	Total Private Fund GAV354.3m	AUM256.4m	#Funds8
Adviser HOF CAPITAL	Hedge Fund-	Liquidity Fund-	Private Equity Fund791.6m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund1.5b	Other Fund-	Total Private Fund GAV3.8b	AUM2.5b	#Funds86

Brochure Summary

Overview

For purposes of this brochure, the “Adviser” means Carbon Direct Capital Management LLC, a Delaware limited liability company, together (where the context permits) with its affiliated general partners of the Funds (as defined below) (and, together with the family of related entities operating under the “Carbon Direct Capital” name and mark). Please see Item 10 below, for information regarding entities, including Carbon Direct Inc. and Carbon Direct LLC, which are affiliates of the Adviser, but do not provide investment supervisory services and are not included within the definition of “Adviser”. The Adviser provides investment supervisory services to investment vehicles (the “Funds”) that are exempt from registration under the Investment Company Act of 1940, as amended (the “1940 Act”) and whose securities are not registered under the Securities Act of 1933, as amended (the “Securities Act”). The Funds invest primarily in privately held companies and/or projects with a primary focus on business models, products, services, and/or technology related to managing CO 2 , including capturing, removing, and recycling carbon dioxide, including alternative energy sources such as hydrogen. The Adviser’s advisory services consist of investigating, identifying and evaluating investment opportunities, structuring, negotiating and making investments on behalf of the Funds, managing and

monitoring the performance of such investments and disposing of such investments. The Adviser provides investment supervisory services to each Fund in accordance with the limited partnership agreement (or analogous organizational document) of such Fund or separate investment and advisory, investment management or portfolio management agreements (each, an “Advisory Agreement”). Investment advice is provided directly to the Funds, subject to the discretion and control of the applicable general partner, and not individually to the investors in the Funds. Services are provided to the Funds in accordance with the Advisory Agreements with the Funds and/or organizational documents of the applicable Fund. Investment restrictions for the Funds, if any, are generally established in the organizational or offering documents of the applicable Fund and Advisory Agreements negotiated with investors in the applicable Fund (such documents collectively, a Fund’s “Organizational Documents”). The principal owner (i.e., owner of more than 25%) of Carbon Direct Capital Management LLC is Jonathan Goldberg, the “Managing Member” of Carbon Direct LLC. The Adviser has been in business since 2012. As of December 31, 2023, the Adviser manages a total of $696,000,000 of client assets, all of which is managed on a discretionary basis. The Adviser does not manage assets on a non-discretionary basis.

CARBON DIRECT CAPITAL MANAGEMENT LLC

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