9AT: KRUSEN CAPITAL MANAGEMENT, LLC

other names

KRUSEN CAPITAL MANAGEMENT, LLC

Adviser Profile

As of Date	03/21/2025
Registration	SEC, Approved, 07/16/2009
ADV Location	WEST PALM BEACH, FL, United States
Contact Info	561 xxxxxxx
Websites

AUM^*	218,445,925 2%
of that, discretionary	56,488,087 -22%
Private Fund GAV^*	56,488,087
Avg Account Size	1,630,193 -8%
% High Net Worth	73.13% -2%
SMA’s	Yes
Private Funds	2

Adviser Type

- Large advisory firm

Number of Employees 2

of those in investment advisory functions 2

Client Types

- High net worth individuals
- Pooled investment vehicles
- Charitable organizations
- Insurance companies
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles
- Selection of other advisers

Compensation Arrangments

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

SEC Fund Type	Count	GAV
Fund TypeHedge Fund	Count2	GAV$56,488,087

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 GORDIAN WEALTH ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM348.1m	#Funds-
Adviser GFG ALTERNATIVE INVESTMENT ADVISORS LLC	Hedge Fund466.1m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV466.1m	AUM466.1m	#Funds3
Adviser STONEPINE 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-	AUM347.8m	#Funds-
Adviser ACM	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM212.8m	#Funds-
Adviser BENGAL ASSET MANAGEMENT, LLC	Hedge Fund168.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV168.5m	AUM168.5m	#Funds3
Adviser KNUFF & COMPANY LLC	Hedge Fund10.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV10.3m	AUM385.0m	#Funds1
Adviser WATCHTOWER ADVISORS, LP	Hedge Fund302.6m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV302.6m	AUM302.6m	#Funds3
Adviser SPRUCE POINT CAPITAL MANAGEMENT, LLC	Hedge Fund314.6m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV314.6m	AUM314.6m	#Funds3
Adviser INVESTMENT RESEARCH PARTNERS	Hedge Fund77.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV77.7m	AUM359.6m	#Funds3
Adviser LIVELLO CAPITAL MANAGEMENT LP	Hedge Fund280.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV280.4m	AUM305.5m	#Funds4

Brochure Summary

Overview

A. Description of the Advisory Firm This firm has been in business since January 1, 2009, and the principal owner is Charles B. Krusen. B. Types of Advisory Services Krusen Capital Management LLC (hereinafter “KCM”) offers the following services to advisory clients: Investment Supervisory Services KCM provides investment advisory services to: 1. Pooled investment vehicles for qualified investors; the “Fund(s)” 2. Clients who invest in pooled investment vehicles; the “Advisory Client(s)” For Funds, KCM serves as an investment manager for LionHedge Platform Fund, LP and its offshore feeder, LionHedge Platform Fund Ltd. KCM has discretionary authority as specified by investment advisory contracts. These Funds invest in third party hedge funds. For Advisory Clients, KCM offers non-discretionary advisory, monitoring and reporting services to clients who invest in third party hedge funds and draw down funds. Draw Down funds include private equity funds, real estate funds, credit funds, venture capital funds and real asset funds (“Draw Down Funds”). Selection of Other Advisors KCM may direct clients to third party managers. This relationship will be disclosed in each contract between KCM and the client. Before

selecting other advisors for clients, KCM will always ensure those other advisors are properly licensed or registered as investment advisors if required. Services Limited to Specific Types of Investments KCM recommends hedge funds and Draw Down funds. KCM may use other securities when applicable. C. Client Tailored Services and Client Imposed Restrictions KCM offers the same suite of advisory services to all of its clients. However, each client has specific portfolios and their implementation is dependent upon their unique circumstances (income, tax bracket, investment goals, and risk tolerance levels) Clients may impose restrictions in investing in certain securities or types of securities in accordance with their values or beliefs. However, if the restrictions prevent KCM from properly servicing the client account, or if the restrictions would require KCM to deviate from its standard suite of services, KCM reserves the right to end the relationship. D. Wrap Fee Programs KCM does not participate in any wrap fee programs. E. Amounts Under Management KCM has the following assets under management: Discretionary Amounts: Non-discretionary Amounts: Date Calculated: $ 54,375,707 $ 159,226,066 December 2023

KRUSEN CAPITAL MANAGEMENT, LLC

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

Similar advisers

Brochure Summary

Overview