9AT: ROTHSCHILD & CO CREDIT MANAGEMENT (NORTH AMERICA)

other names

Adviser Profile

As of Date	03/28/2024
Adviser Type - Large advisory firm
Number of Employees	14
of those in investment advisory functions	10
Registration	SEC, Approved, 08/12/2005

AUM^*	3,187,707,338 20.14%
of that, discretionary	2,790,777,176 22.26%
Private Fund GAV^*	3,046,545,415 20.15%
Avg Account Size	318,770,734 20.14%
SMA’s	No
Private Funds	9
Contact Info	213 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Fund Type	Count	GAV
Fund TypeSecuritized Asset Fund	Count9	GAV$3,046,545,415

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 OFS 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-	AUM2.5b	#Funds-
Adviser COLUMBIA CENT CLO ADVISERS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund2.6b	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.6b	AUM2.6b	#Funds7
Adviser HAYFIN CAPITAL MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund2.6b	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.6b	AUM2.7b	#Funds6
Adviser MORTON WEALTH	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund8.3m	Venture Capital Fund-	Other Fund-	Total Private Fund GAV8.3m	AUM2.6b	#Funds2
Adviser DUCENTA SQUARED ASSET MANAGEMENT	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM3.6b	#Funds-
Adviser PINEBRIDGE GALAXY LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund2.1b	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.1b	AUM2.1b	#Funds5
Adviser ROMARK CREDIT ADVISORS LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund3.1b	Venture Capital Fund-	Other Fund-	Total Private Fund GAV3.1b	AUM3.1b	#Funds9
Adviser PPM LOAN MANAGEMENT COMPANY 2, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund2.2b	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.2b	AUM2.2b	#Funds6
Adviser BSP CLO MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund4.7b	Venture Capital Fund-	Other Fund-	Total Private Fund GAV4.7b	AUM4.2b	#Funds10
Adviser CLOVER CREDIT MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund3.5b	Venture Capital Fund-	Other Fund-	Total Private Fund GAV3.5b	AUM3.5b	#Funds8

Brochure Summary

Overview

Advisory Services 4. A. Advisory Firm Description In September of 2015, the Adviser was acquired by Rothschild & Co (formerly known as Paris Orleans SCA), a global financial services organization that was founded in the 18th century by members of the Rothschild family and is still family-controlled. The Adviser is a business unit of Rothschild & Co. The sole owner of the Adviser is Rothschild & Co Investment Managers. The Adviser began operations in September of 2005 in connection with the purchase of all of the active investment management contracts of ING Capital Advisers, LLC (“ICA”) which resulted in substantially all of the employees of ICA becoming employees of the Adviser. The Adviser focuses primarily on the management of US dollar denominated senior secured loans, unsecured loans, and other credit related investment securities (collectively, “Corporate Debt Instruments”). The name of the Adviser was changed to Five Arrows Managers North America LLC from West Gate Horizons Advisers, LLC in July 2016. The Adviser will generally do business as Five Arrows Credit Management (North America), Five Arrows CM (North America) or Five Arrows CM (NA). The Adviser may sometimes operate under the same branding (“Five Arrows Credit Management”

or “Five Arrows CM”) as Five Arrows Managers, LLP (“FAM LLP”). FAM LLP may sometimes be referred to as Five Arrows Credit Management (Europe) or Five Arrows CM – Europe. FAM LLP operates a similar business to the Adviser except that it is based in Europe and manages corporate debt instruments that are generally denominated in currencies other than the US dollar. The relationship between the Adviser and FAM LLP is further described in Item 10 of this Brochure. The Adviser’s basic investment strategy seeks to generate income while preserving capital through fundamental credit analysis performed by an experienced investment team complimented with prudent portfolio construction. Senior secured corporate loans are sometimes referred to as “Bank Loans” or “Leveraged Loans” and unsecured loans are often referred to as “Second Lien Loans”. These Bank Loans and Second Lien Loans are typically non-investment grade debt instruments and are considered speculative investments and have greater credit and liquidity risk than investment grade investments. Other credit related investment debt securities may include structured finance obligations (typically other debt securities of CLOs managed by third-party investment advisers and sometimes called “SFOs”).

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ROTHSCHILD & CO CREDIT MANAGEMENT (NORTH AMERICA)

Adviser Profile

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Compensation Arrangments

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Brochure Summary

Overview