9AT: BRANDYWINE MANAGERS, LLC

other names

BRANDYWINE MANAGERS, LLC
BRANDYWINE GROUP ADVISORS, INC - RELYING ADVISOR

Adviser Profile

As of Date	03/31/2025
Registration	SEC, Approved, 05/15/2006
ADV Location	HOCKESSIN, DE, United States
Contact Info	302 xxxxxxx
Websites

AUM^*	12,914,606,000 5%
of that, discretionary	12,894,436,903 6%
Private Fund GAV^*	12,914,606,000 -2%
Avg Account Size	307,490,619 34%
% High Net Worth	< 0.01% -100%
SMA’s	No
Private Funds	52 2

Adviser Type

- Large advisory firm

Number of Employees 5

of those in investment advisory functions 3

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses
- Selection of other advisers

Compensation Arrangments

- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

Accounting Firm Name	Filing Date	Form ADV-E
Accounting Firm Name KPMG LLP	Filing Date07/29/2025	Form ADV-E View Report
Accounting Firm Name KPMG	Filing Date10/25/2024	Form ADV-E View Report
Accounting Firm Name KPMG LLP	Filing Date10/25/2024	Form ADV-E View Report
Accounting Firm Name KPMG LLP	Filing Date07/28/2023	Form ADV-E View Report
Accounting Firm Name KPMG LLP	Filing Date01/25/2023	Form ADV-E View Report

SEC Fund Type	Count	GAV
Fund TypeHedge Fund	Count32	GAV$10,519,783,000
Fund TypePrivate Equity Fund	Count20	GAV$2,394,823,000

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 COALESCENCE PARTNERS INVESTMENT MANAGEMENT LP	Hedge Fund274.5m	Liquidity Fund-	Private Equity Fund50.7m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV325.2m	AUM326.6m	#Funds5
Adviser HINES CAPITAL ADVISORS LLC	Hedge Fund2.4b	Liquidity Fund-	Private Equity Fund3.7b	Real Estate Fund26.4m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV6.2b	AUM4.4b	#Funds10
Adviser ATTINGER, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund179.1m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund424.8m	Total Private Fund GAV604.0m	AUM543.0m	#Funds7
Adviser NEWPORT GLOBAL ADVISORS L.P.	Hedge Fund62.8m	Liquidity Fund-	Private Equity Fund134.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV196.8m	AUM186.6m	#Funds5
Adviser PROPHET CAPITAL ASSET MANAGEMENT	Hedge Fund1.1b	Liquidity Fund-	Private Equity Fund727.7m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.8b	AUM3.3b	#Funds13
Adviser APPOMATTOX ADVISORY, INC	Hedge Fund44.5m	Liquidity Fund-	Private Equity Fund33.6m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund3.2m	Total Private Fund GAV81.3m	AUM410.8m	#Funds8
Adviser SPECTRUM GROUP MANAGEMENT	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM176.0m	#Funds-
Adviser PABRAI INVESTMENT FUNDS	Hedge Fund1.1b	Liquidity Fund-	Private Equity Fund24.7m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.1b	AUM1.1b	#Funds6
Adviser HG VORA CAPITAL MANAGEMENT, LLC	Hedge Fund7.5b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV7.5b	AUM7.6b	#Funds25
Adviser FJ CAPITAL MANAGEMENT LLC	Hedge Fund765.3m	Liquidity Fund-	Private Equity Fund72.6m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV837.9m	AUM1.0b	#Funds6

Brochure Summary

Overview

A. General Description of Advisory Firm. Brandywine Managers, LLC (“BML”) is an investment adviser with its principal place of business in Hockessin, Delaware. BML commenced operations as an investment adviser on April 28, 1998. Brandywine Group Advisors, Inc. (“BGA”) is an investment adviser with its principal place of business in New York, New York. Brandywine Trust Group, LLC is the parent company of both entities. Notwithstanding that they are organized as separate legal entities, BML and BGA conduct a single advisory business subject to a unified compliance program. BML has been registered with the SEC since May 15, 2006, and BGA is listed as a relying adviser on BML’s Form ADV Part 1. The term “the Adviser” refers collectively to BML and BGA.
B. Description of Advisory Services. 1. The Adviser is engaged primarily in a fund-of-funds business (and to a limited extent a manager-of- managers business). It provides investment supervisory services to privately offered pooled investment vehicles formed as limited partnerships or limited liability companies for which BML serves as General Partner, Manager or Managing Member. Investment supervisory services includes advice on matters of asset allocation,

manager selection, retention, and termination.
Participation in some of the vehicles is limited to the members of the particular family for whom the entity is maintained (a “Family Limited Partnership”). The rest are privately offered to sophisticated investors (“Proprietary Funds”). Collectively, these investment vehicles are referred to in the rest of the document as the “Fund(s).” Substantially all of the investors in the Funds are clients of Brandywine Trust Company, LLC (“BTC”), an affiliate. The Funds invest in a variety of private investment funds and managed accounts, which are not registered under the Securities Act of 1933, and which carry a high risk of loss and provide no current income but offer capital appreciation potential. 2. In addition to the investment supervisory services provided to the Funds, BGA provides investment recommendations to BTC (see Item #10) on an as-needed basis.
C. Client Assets Under Management. As of December 31, 2023, the Adviser had approximately $12,304,072,000 client assets under management. As of that date, the Adviser managed $12,297,098,000 on a discretionary basis and $6,974,147 on a non-discretionary basis.

BRANDYWINE MANAGERS, LLC

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Form ADV-E Surprise Examination Reports

Private Funds Structure

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Brochure Summary

Overview