9AT: NORCAP INVESTMENT MANAGEMENT, L.P.

other names

NORCAP INVESTMENT MANAGEMENT, L.P.
NORCOM INVESTMENT MANAGEMENT, L.P.
NORCOM CAPITAL, LLC

Adviser Profile

As of Date	04/01/2025
ADV Location	DALLAS, TX, United States
Adviser Type - Large advisory firm
Number of Employees	8 -11%
of those in investment advisory functions	7 -13%
Registration	SEC, Approved, 04/14/2005

AUM^*	314,802,237 17%
of that, discretionary	314,802,237 17%
Private Fund GAV^*	314,802,237 54%
Avg Account Size	39,350,280 31%
SMA’s	No
Private Funds	13 7
Contact Info	972 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 TypeHedge Fund	Count13	GAV$314,802,237

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 PHARVISION ADVISERS, LLC	Hedge Fund54.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV54.0m	AUM315.9m	#Funds1
Adviser ACM	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM212.8m	#Funds-
Adviser KNUFF & COMPANY LLC	Hedge Fund10.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV10.3m	AUM385.0m	#Funds1
Adviser HARVEST MANAGEMENT, L.L.C.	Hedge Fund69.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV69.9m	AUM643.5m	#Funds2
Adviser GORDIAN WEALTH ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM348.1m	#Funds-
Adviser WATCHTOWER ADVISORS, LP	Hedge Fund302.6m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV302.6m	AUM302.6m	#Funds3
Adviser ROANOKE ASSET MANAGEMENT CORP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM362.4m	#Funds-
Adviser STONEPINE 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-	AUM347.8m	#Funds-
Adviser PRINCETON CAPITAL MANAGEMENT LLC	Hedge Fund23.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV23.3m	AUM373.3m	#Funds2
Adviser GFG ALTERNATIVE INVESTMENT ADVISORS LLC	Hedge Fund466.1m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV466.1m	AUM466.1m	#Funds3

Brochure Summary

Overview

The Adviser primarily provides investment management advice with respect to the Adviser’s private investment funds (as further described in Item 7). Such funds are private offerings of Limited Partnership (“Limited Partners”) interests, sometimes referred to as “Funds,” and each a “Fund” (or “Partnership”). Each Fund is sometimes referred to as a “Client” or, collectively, as “Clients.” The Adviser will typically provide investment management services to each Client per investment guidelines detailed in respective private placement memorandums. NorCap Management, L.P., a Delaware limited partnership, serves as the General Partner (“General Partner”) of the Fund(s), and NorCap Investment Management, L.P., serves as the Investment Manager (“Investment Manager”). The general partner of the Investment Manager and the General Partner is NorCap Advisors, LLC, a Delaware

limited liability company. The owner of NorCap Advisors, LLC, is David Norcom as an individual, and BAG Securities, L.L.C., a Texas limited liability company controlled by Bolton Walters. The professionals of the General Partner and the Investment Manager will use their expertise and experience, along with advice from third-party consultants, to attempt to achieve the investment objectives. The Adviser does not participate in wrap fee programs. The Adviser has been providing discretionary portfolio management services since 2004. As of December 31, 2023, the Adviser has $204,377,523 in regulatory assets under management (“RAUM”), all of which are managed on a discretionary basis. Investors may request more current information at any time by contacting the Adviser. The Adviser does not manage any Client assets on a non-discretionary basis.

NORCAP INVESTMENT MANAGEMENT, L.P.

Adviser Profile

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Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

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Brochure Summary

Overview