9AT: AC INVESTMENT MANAGEMENT LLC

other names

AC INVESTMENT MANAGEMENT LLC
AC ENERGY PARTNERS, LLC (INVESTMENT MANAGER OF AC ENERGY, LLC)
AURELIAN HOLDINGS, LLC (GENERAL PARTNER OF AURELIAN PLUS, LLC)
AURELIAN CAPITAL, LTD. (INVESTMENT MANAGER OF AURELIAN GLOBAL RESOURCES, LTD.)
AURELIAN CAPITAL, LLC
AURELIAN CAPITAL GP, LLC (GENERAL PARTNER OF AGR MASTER LP)
AGR MANAGEMENT, LTD. (RELYING ADVISER)
AC INVESTMENT MANAGEMENT, LLC
AC FTR, LLC (GENERAL PARTNER OF AC ENERGY, LLC)

Adviser Profile

As of Date	04/02/2025
ADV Location	NEW YORK, NY, United States
Adviser Type - Large advisory firm
Number of Employees	8 -20%
of those in investment advisory functions	4 33%
Registration	SEC, Approved, 06/22/2006

AUM^*	270,595,528 5%
of that, discretionary	270,595,528 5%
Private Fund GAV^*	271,022,528 -5%
Avg Account Size	11,765,023 -82%
SMA’s	No
Private Funds	4
Contact Info	(21 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

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

Compensation Arrangments

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

Fund Type	Count	GAV
Fund TypeHedge Fund	Count4	GAV$271,022,528

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 JGB CAPITAL MANAGEMENT L.P.	Hedge Fund303.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV303.4m	AUM330.0m	#Funds5
Adviser MEDINA VALUE PARTNERS, LLC	Hedge Fund360.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV360.8m	AUM511.6m	#Funds3
Adviser PARSOW MANAGEMENT LLC	Hedge Fund274.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV274.7m	AUM274.7m	#Funds1
Adviser ISAM FUNDS (UK) LIMITED	Hedge Fund739.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV739.0m	AUM2.3b	#Funds4
Adviser ISAM FUNDS (USA) LLC	Hedge Fund739.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV739.0m	AUM2.3b	#Funds1
Adviser 8 KNOTS MANAGEMENT, LLC	Hedge Fund1.1b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.1b	AUM1.8b	#Funds3
Adviser SLOTNIK CAPITAL, LLC	Hedge Fund359.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV359.7m	AUM359.7m	#Funds1
Adviser HMS INVESTMENT ADVISORS	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM281.9m	#Funds-
Adviser PALOGIC VALUE MANAGEMENT, L.P.	Hedge Fund147.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV147.2m	AUM338.5m	#Funds2
Adviser WORLDLY PARTNERS MANAGEMENT, LLC	Hedge Fund277.6m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV277.6m	AUM277.6m	#Funds1

Brochure Summary

Overview

ACIM has been in business since February 2006 and started advising its first client in April 2006. ACIM offers the services described below to several private investment funds (each a “Fund” and collectively referred to as the “Funds”). The firm is principally owned in the majority by Ms. Daphne W. Scalamandre (“Scalamandre”). As of March 27, 2024, ACIM managed discretionary client assets valued at approximately $282,044,638 and manages no non-discretionary assets.
ACIM is filing a single Form ADV in reliance on the position expressed in the letter of the SEC staff to the American Bar Association, Business Law Section, dated January 18, 2012, regarding the Investment Advisers Act of 1940 – Section 203(a) and 208(d). Also included in this filing in reliance on this letter: Aurelian Capital GP, LLC the general partner of AGR Master, LP; Aurelian Holdings, LLC the general partner of Aurelian Plus, LLC; AC Energy Partners, LLC the general partner of AC Energy, LLC; and AC FTR, LLC the general partner of AC Energy, LLC.
Typically, ACIM provides investment advice to Funds formed as “master-feeder” structures which have a foreign entity (a Cayman Island exempt company) that “feeds” into a domestic entity (either a limited partnership or limited liability company) with the same investment strategy. These

Funds serve as multi- manager portfolios for investors. The Funds are “Qualified Purchasers” as such definition is set forth in Section 3(c)(7) of the Investment Company Act of 1940, which generally requires investors to have a net worth greater than $5,000,000. ACIM typically invests its client assets in investment vehicles trading in physical commodities and their related financial instruments, with a lesser emphasis on the equities and debt of companies. On an incidental basis, ACIM makes venture capital investments in sectors unrelated to physical commodities and their related financial instruments where ACIM has identified a venture capital portfolio company investment (each a “Portfolio Company and collectively the “Portfolio Companies”) in which it may get involved in an active transformation with the belief that such involvement may generate a high level of return on investment. Investments are made through private funds or accounts managed by third-party managers and may also be made directly. ACIM does not tailor its advisory services or investment objectives or strategies to the requests or needs of individual Fund investors. Investors are not permitted to restrict the Fund’s investments. For a more detailed description of ACIM’s strategies and associated risks, please see the section titled Method of Analysis, Investment Strategies and Risk of Loss.

AC INVESTMENT MANAGEMENT LLC

Adviser Profile

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Advisory Activities

Compensation Arrangments

Reported AUM

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Employees

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Brochure Summary

Overview