9AT: INCEPTIV - Summary

other names

INCEPTIV
INCEPTIV MANAGEMENT, LP

Adviser Profile

As of Date	09/23/2025
Registration	SEC, Approved, 07/27/2023
Other registrations (2)	SEC, ERA - Withdrawn, 06/27/2023 SEC, ERA - Active, 10/01/2020
Former registrations	INCEPTIV MANAGEMENT, LP
ADV Location	CULVER CITY, CA, United States
Contact Info	424 xxxxxxx
Websites

AUM^*	264,547,812 86%
of that, discretionary	264,547,812 86%
Private Fund GAV^*	264,547,812
Avg Account Size	88,182,604 -38%
SMA’s	No
Private Funds	3 2

Adviser Type

- Large advisory firm

Number of Employees 8 14%

of those in investment advisory functions 7 17%

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	Count1	GAV$146,317,812
Fund TypeReal Estate Fund	Count2	GAV$118,230,000

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 BRICKELL KEY ASSET MANAGEMENT LIMITED	Hedge Fund-	Liquidity Fund-	Private Equity Fund130.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV130.0m	AUM130.0m	#Funds1
Adviser ARCADIUS CAPITAL PARTNERS INC.	Hedge Fund-	Liquidity Fund-	Private Equity Fund123.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV123.4m	AUM123.4m	#Funds2
Adviser FS TACTICAL ADVISOR, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund294.2m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV294.2m	AUM294.2m	#Funds1
Adviser ALIGN PRIVATE CAPITAL	Hedge Fund-	Liquidity Fund-	Private Equity Fund175.1m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV175.1m	AUM176.8m	#Funds1
Adviser MAVEN ROYALTY MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund237.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV237.0m	AUM237.0m	#Funds3
Adviser SUMMIT HOUSE CAPITAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund101.1m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV101.1m	AUM381.8m	#Funds3
Adviser CITY DIFFERENT INVESTMENTS	Hedge Fund-	Liquidity Fund-	Private Equity Fund10.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund16.6m	Total Private Fund GAV27.1m	AUM265.8m	#Funds5
Adviser MGM INNOVA CAP MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund134.3m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV134.3m	AUM129.1m	#Funds4
Adviser WAZEE STREET CAPITAL MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund299.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV299.4m	AUM187.8m	#Funds4
Adviser GREY ROCK MANAGEMENT PARTNERS IV, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund703.3m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV703.3m	AUM703.4m	#Funds10

Brochure Summary

Overview

Inceptiv Management, LP (the “Adviser” or “Inceptiv”) is a limited partnership formed in Delaware in 2019. The Adviser is controlled by Hezy Shalev, Ulin Vijaya, Paul Vogel, Wayne Lou and David Poulten and has an office in Culver City, CA. Inceptiv Management LP began operating and reporting to the SEC as an Exempt Reporting Adviser (“ERA”) in October 1, 2020. As of July 27, 2023, the Adviser was registered with the SEC as an Investment Adviser. The Adviser continues to manage Inceptiv Platform I, LP, a Delaware limited partnership (“Platform I”), and RED 2, LP, a Delaware limited partnership (“RED 2”), both pooled investment vehicles referred to as the “Clients,” “Platforms,” or the “Funds.”. Inceptiv Carry Co, LLC serves as the general partner to Platform I and Inceptiv Carry Co 2, LLC serves as the general partner to RED 2 (collectively, the “General Partners”). The Adviser provides discretionary investment advice to its Clients. The investment objective of Funds is generally to seek to achieve superior long-term returns through (a) the acquisitions of minority revenue share, profits, equity or equity-like interests in third-party investment

managers pursuing private equity or real estate-related strategies (each, a “Sponsor” and such interests, “Sponsor Equity”), (b) the issuance of debt and debt-like instruments to the Sponsors and their affiliates (“Sponsor Debt”) and (c) investments in underlying portfolio companies, real estate assets or other assets sourced by Sponsors, which investments may be acquired directly or indirectly through acquisitions of interests in the investment funds and other investment vehicles sponsored or otherwise managed by the Sponsors or their affiliates. The Adviser’s investment decisions and advice with respect to the Clients are subject to each Client’s investment objectives and guidelines, as set for in its respective “Offering Documents” which include each Client’s Confidential Private Placement Memorandum, Limited Partnership Agreements (“LPA”), and other legal documents set in place when an investor decides to invest in the Adviser’s Funds. The Adviser does not participate in wrap fee programs. As of December 31, 2023, the Adviser had approximately $142.1M of regulatory assets under management, all of which is managed on a discretionary basis.

INCEPTIV

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