9AT: PARE PARTNERS LLC

other names

PARE PARTNERS LLC

Adviser Profile

As of Date	03/31/2025
ADV Location	MIAMI, FL, United States
Adviser Type - Mid-sized advisory firm
Number of Employees	21 17%
of those in investment advisory functions	3
Registration	SEC, Approved, 08/07/2023
Other registrations (2)	SEC, ERA - Withdrawn, 07/06/2023 SEC, ERA - Active, 08/19/2020
Former registrations	PARE PARTNERS LLC

AUM^*	61,392,101 -21%
of that, discretionary	61,392,101 -21%
Private Fund GAV^*	76,125,816 -16%
Avg Account Size	7,674,013 -21%
SMA’s	No
Private Funds	8 4
Contact Info	(78 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	Count8	GAV$76,125,816

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 BAY STREET CAPITAL HOLDINGS	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM75.9m	#Funds-
Adviser MSRESS III MANAGER, L.L.C.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund40.7m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV40.7m	AUM40.7m	#Funds2
Adviser EMISSARY WEALTH	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund16.6m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV16.6m	AUM156.1m	#Funds1
Adviser GREENBROOK MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund76.2m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV76.2m	AUM76.2m	#Funds10
Adviser MONTANA AVENUE CAPITAL PARTNERS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM58.7m	#Funds-
Adviser MERION REALTY ADVISERS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund67.9m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV67.9m	AUM67.9m	#Funds2
Adviser MSREF V, L.L.C.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM57.5m	#Funds-
Adviser SENECA CAPITAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund109.4m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV109.4m	AUM109.4m	#Funds1
Adviser S2 FUND MANAGER, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund792.3m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV792.3m	AUM792.3m	#Funds6
Adviser SWAN CAPITAL	Hedge Fund-	Liquidity Fund-	Private Equity Fund15.9m	Real Estate Fund14.5m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV30.4m	AUM268.9m	#Funds2

Brochure Summary

Overview

PARE Partners LLC and PARE Partners II LLC are both organized as Delaware limited liability companies. The Advisers are operating as an integrated business and therefore are seeking registration with the Securities and Exchange Commission as the Advisers, collectively, managed regulatory assets under management in excess of $150M. The Advisers are under common control and share the same Related Persons. The Advisers are primarily owned by Juan Fernando Valdivieso and Josef Preschel. The Advisers’ principal place of business is located in Miami, FL. The Advisers currently provides discretionary investment advisory services to private pooled investment vehicles (each a “Fund,” and collectively, the “Funds”) private co-investment vehicles, (“Co-Invest Vehicles”), and, potentially in the future, separately managed accounts (collectively with the Funds and the Co-Invest Vehicles, the “Clients”). Investors in the Funds and the Co-Invest Vehicles are referred herein as “Investors,” or “Limited Partners.” Where the context so requires, references to the Funds also includes Co-Invest Vehicles. Co-Invest Vehicles include vehicles established for individual or multiple investors seeking exposure to single or multiple investments,

as well as vehicles where the Advisers have varying levels of investment discretion. The Funds are exempt from registration under the U.S. Investment Company Act of 1940, as amended (the “Investment Company Act”) and issue securities that will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Each Fund’s manager, general partner, or equivalent (each, a “Manager”, and collectively, together with any future affiliated entities, the “Managers”) has the power and authority to delegate the management of the respective Fund(s) to the Advisers, each of which is an affiliate of each Manager. Each Manager is subject to the Investment Advisers Act of 1940 (the “Advisers Act”) pursuant to the Advisers’ registration in accordance with SEC staff guidance. All references to the Advisers include each Manager. The Advisers manage the assets of each Fund in accordance with the terms of each Fund’s private placement memorandum, limited partnership agreements and other governing documents (collectively, “Governing Documents”). The Advisers do not currently participate in any Wrap Fee Programs. Regulatory assets under management as of December 31, 2023, were approximately $190.5M.

PARE PARTNERS LLC

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Brochure Summary

Overview