9AT: TIPTREE ADVISORS, LLC

other names

TIPTREE ADVISORS, LLC
CORVID PEAK CAPITAL MANAGEMENT, LLC
TRICADIA-GRANITERIDGE CORPORATE CREDIT GP, LLC
TRICADIA FINANCIALS GP, LLC (RELYING ADVISER)
TRICADIA EUROPE LLP (RELYING ADVISER)
TRICADIA DISTRESSED AND SPECIAL SITUATIONS II GP, LLC (RELYING ADVISER)
TRICADIA DISTRESSED AND SPECIAL SITUATIONS GP, LLC (RELYING ADVISER)
TRICADIA CONVEXITY GP, LLC (RELYING ADVISER)
TRICADIA CAPITAL, LLC (RELYING ADVISER)
TRICADIA CAPITAL MANAGEMENT, LLC
TIPTREE CAPITAL MANAGEMENT, LLC (RELYING ADVISER)
SCOPES II GP, LLC (RELYING ADVISER)

Adviser Profile

As of Date	03/28/2025
Registration	SEC, Approved, 01/27/2006
ADV Location	NEW YORK, NY, United States
Contact Info	212 xxxxxxx
Websites

AUM^*	2,015,785,273 27%
of that, discretionary	2,015,785,273 117%
Private Fund GAV^*	551,688,450 -14%
Avg Account Size	100,789,264 63%
SMA’s	No
Private Funds	4 2

Adviser Type

- Large advisory firm

Number of Employees 13 160%

of those in investment advisory functions 12 200%

Client Types

- Pooled investment vehicles
- Insurance companies

Advisory Activities

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

Compensation Arrangments

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

SEC Fund Type	Count	GAV
Fund TypeHedge Fund	Count4	GAV$551,688,450

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 DIVISAR CAPITAL MANAGEMENT, LLC	Hedge Fund988.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV988.0m	AUM988.0m	#Funds2
Adviser SIMCOE CAPITAL MANAGEMENT, LLC	Hedge Fund868.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV868.7m	AUM868.7m	#Funds4
Adviser KCL CAPITAL, L.P.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM948.6m	#Funds-
Adviser SANTA LUCIA ASSET MANAGEMENT PTE. LTD.	Hedge Fund123.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV123.2m	AUM1.2b	#Funds1
Adviser RUSH ISLAND MANAGEMENT, LP	Hedge Fund1.6b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.6b	AUM2.0b	#Funds4
Adviser ALTRAVUE CAPITAL, LLC	Hedge Fund871.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV871.0m	AUM1.5b	#Funds2
Adviser RUDIUS MANAGEMENT, L.P.	Hedge Fund921.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV921.5m	AUM921.5m	#Funds6
Adviser PARADIGM BIOCAPITAL ADVISORS LP	Hedge Fund2.6b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.6b	AUM3.1b	#Funds3
Adviser PHILOSOPHY CAPITAL MANAGEMENT LLC	Hedge Fund1.3b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.3b	AUM1.6b	#Funds4
Adviser BORNITE CAPITAL MANAGEMENT LP	Hedge Fund1.1b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.1b	AUM1.1b	#Funds5

Brochure Summary

Overview

Tiptree Advisors’ Business Tiptree Advisors provides discretionary portfolio management and advisory services to privately- offered pooled investment vehicles, including the Coherence Long/Short Credit Fund, L.P., Coherence Long/Short Credit Fund, Ltd., Coherence Long/Short Credit Master Fund, Ltd., Corvid Peak Restructuring Partners Onshore Fund LLC, the Corvid Peak Restructuring Partners Master Fund LP, Albatross CP LLC, as well as separately managed accounts. Tiptree Advisors has been in business since 2005. Effective March 31, 2024, Tiptree Advisors voluntarily amended its name from “Corvid Peak Capital Management, LLC” to “Tiptree Advisors, LLC”. Tiptree Advisors Holdings, L.P. (f/k/a Corvid Peak Holdings, L.P.) owns 100% of Tiptree Advisors. Tiptree Asset Management Company, LLC (“TAMCO”), a subsidiary of Tiptree Inc. (Nasdaq: TIPT), Michael Barnes and Mark Black control Tiptree Advisors Holdings, L.P. Advisory Services Tiptree Advisors serves as investment adviser of several master-feeder fund structures and pooled investment vehicles (the “Tiptree Advisors Funds”) as well as investment adviser to separately managed accounts (together with the Tiptree Advisors Funds, collectively referred to herein as, the “Advisory Accounts”). Each of the Tiptree Advisors Funds relies upon the exemption

from the definition of an “investment company” provided by Section 3(c)(7) of the U.S. Investment Company Act of 1940, as amended. Tiptree Advisors generally manages the Tiptree Advisors Funds in accordance with the investment strategy of the relevant fund and not based upon the individual needs of the investors in the Tiptree Advisors Fund. Please see Item 8 for information about the Tiptree Advisors Funds’ investment strategies, investments in which those Funds invest, and risk factors associated with those strategies and investments. Client Restrictions Tiptree Advisors generally permits its clients, including the Tiptree Advisors Funds, to impose restrictions on their Advisory Accounts with respect to: (i) the specific types of investments or asset classes that Tiptree Advisors will or will not purchase for their Advisory Accounts; (ii) the nature of the issuers of investments that Tiptree Advisors will or will not purchase for their Advisory Accounts; and/or (iii) the risk profile of instruments Tiptree Advisors will or will not purchase for their Advisory Accounts, or the risk profile of the Advisory Account as a whole. Client Assets As of December 31, 2023, Tiptree Advisors managed on a discretionary basis approximately $1.6 billion in client assets calculated on a gross asset value basis.

TIPTREE ADVISORS, LLC

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

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Private Funds Structure

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Brochure Summary

Overview