9AT: COHEN KLINGENSTEIN, LLC

other names

COHEN KLINGENSTEIN, LLC

Adviser Profile

As of Date	03/28/2025
ADV Location	NEW YORK, NY, United States
Adviser Type - Large advisory firm
Number of Employees	7
of those in investment advisory functions	3
Registration	SEC, Approved, 09/23/2008

AUM^*	2,991,839,019 46%
of that, discretionary	2,991,839,019 46%
Private Fund GAV^*	1,982,681,589 -2%
Avg Account Size	26,244,202 51%
% High Net Worth	67.26% -2%
SMA’s	Yes
Private Funds	1
Contact Info	212 xxxxxxx

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Pooled investment vehicles
- Pension and profit sharing plans
- Charitable organizations
- Other

Advisory Activities

- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management

Fund Type	Count	GAV
Fund TypeHedge Fund	Count1	GAV$1,982,681,589

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 PRANA CAPITAL MANAGEMENT LP	Hedge Fund2.4b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.4b	AUM3.3b	#Funds2
Adviser GAM SYSTEMATIC LLP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM2.0b	#Funds-
Adviser TOMS CAPITAL INVESTMENT MANAGEMENT LP	Hedge Fund1.3b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.3b	AUM2.4b	#Funds4
Adviser ARGYLE STREET MANAGEMENT LIMITED	Hedge Fund1.5b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.5b	AUM1.7b	#Funds11
Adviser OLD ORCHARD CAPITAL MANAGEMENT LP	Hedge Fund2.1b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.1b	AUM2.4b	#Funds5
Adviser MANGROVE PARTNERS	Hedge Fund2.0b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.0b	AUM2.1b	#Funds6
Adviser HOLLIS PARK PARTNERS LP	Hedge Fund275.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV275.7m	AUM275.7m	#Funds3
Adviser PAR CAPITAL MANAGEMENT, INC.	Hedge Fund1.4b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.4b	AUM1.4b	#Funds1
Adviser MONASHEE INVESTMENT MANAGEMENT, LLC	Hedge Fund17.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV17.7m	AUM1.9b	#Funds4
Adviser PERMIAN	Hedge Fund1.3b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.3b	AUM2.1b	#Funds7

Brochure Summary

Overview

CK LLC is a Delaware limited liability company that has been registered as an investment adviser with the SEC since September 16, 2008. George M. Cohen and Thomas D. Klingenstein, both managing members of CK LLC, are the principal owners of CK LLC. The Firm currently advises one private investment fund, the CK Diversified Fund LLC (“Diversified Fund” or “Fund”), a Delaware limited liablity company that commenced operations in 2013. The Diversified Fund offers a tax-sensitive investment strategy. CK LLC is the sole investment manager (“Manager”) to the Fund. Certain other terms used in this Brochure in connection with the Fund have the definitions given in the Fund’s governing documents. The Firm manages securities portfolios and serves as an investment adviser for individuals, corporations, trusts, foundations, corporate profit sharing plans, individual retirement accounts, charitable organizations and private investment funds, including the Fund. The Firm generally expects to primarily invest in U.S. securities, although it may also invest in non-U.S. securities from time to time. The Firm expects to limit its advice

to the products and accounts listed above. The Firm may manage additional separate accounts and/or private investment funds in the future. In many cases, a more complete discussion of the topics discussed in this Brochure may be available in the governing documents of the account or Fund, as applicable. In the event of any inconsistency between the governing documents of an account or Fund, as applicable, and this Brochure, the governing documents shall prevail. This Brochure is not an offer of an interest in a fund, or an offer of, or an agreement to provide, advisory or investment management services directly to any prospective client or investor. Rather, this Brochure is designed solely to provide information about the Firm in compliance with certain obligations under the Investment Advisers Act of 1940, as amended (the “Advisers Act”) and, as such, responds to relevant regulatory requirements under the Advisers Act. Assets under Management As of December 31, 2023 CK LLC managed approximately $2,531,915,651 of client assets on a discretionary basis. 14834175.6 2

COHEN KLINGENSTEIN, LLC

Adviser Profile

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

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Brochure Summary

Overview