9AT: SHANNON RIVER FUND MANAGEMENT, LLC

other names

SHANNON RIVER FUND MANAGEMENT, LLC
DOONBEG CAPITAL MANAGEMENT LLC (RELYING ADVISER)
SHANNON RIVER GLOBAL MANAGEMENT LLC (RELYING ADVISER)
SHANNON RIVER CAPITAL MANAGEMENT LLC (RELYING ADVISER)
DOONBEG GLOBAL MANAGEMENT LLC (RELYING ADVISER)
DOONBEG FUND MANAGEMENT LLC (RELYING ADVISER)

Adviser Profile

As of Date	03/28/2025
ADV Location	NEW YORK, NY, United States
Adviser Type - Large advisory firm
Number of Employees	9 -18%
of those in investment advisory functions	6 -14%
Registration	SEC, Approved, 03/07/2012

AUM^*	844,717,866 31%
of that, discretionary	844,717,866 31%
Private Fund GAV^*	706,959,452 16%
Avg Account Size	140,786,311 31%
SMA’s	No
Private Funds	5 3
Contact Info	212 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

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

Fund Type	Count	GAV
Fund TypeHedge Fund	Count5	GAV$706,959,452

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 ENHALUS CAPITAL, LP	Hedge Fund555.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV555.8m	AUM803.1m	#Funds6
Adviser WAYZATA INVESTMENT PARTNERS LLC	Hedge Fund45.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV45.8m	AUM45.8m	#Funds2
Adviser EVOLUTION 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-	AUM645.9m	#Funds-
Adviser THOMAS J. HERZFELD ADVISORS, INC.	Hedge Fund417.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund29.9m	Venture Capital Fund-	Other Fund-	Total Private Fund GAV447.8m	AUM847.6m	#Funds7
Adviser WASSERSTEIN DEBT OPPORTUNITIES MANAGEMENT, LP	Hedge Fund269.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV269.3m	AUM522.3m	#Funds3
Adviser STIEVEN CAPITAL ADVISORS, L.P.	Hedge Fund564.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV564.7m	AUM564.7m	#Funds2
Adviser MASONRY CAPITAL MANAGEMENT, LLC	Hedge Fund10.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV10.8m	AUM358.8m	#Funds1
Adviser OSMOSIS INVESTMENT MANAGEMENT US LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM307.0m	#Funds-
Adviser EAGLE HEALTH INVESTMENTS LP	Hedge Fund711.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV711.9m	AUM711.9m	#Funds3
Adviser INCEPTIONR LLC	Hedge Fund39.6m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV39.6m	AUM951.2m	#Funds5

Brochure Summary

Overview

Shannon River Fund Management LLC is a registered investment adviser with the SEC and was founded in 2003 by its managing member, Spencer Waxman. Shannon River Fund Management LLC and Doonbeg Global Management LLC (collectively “Shannon River”, the “Adviser”, “we”, “us” “our” or the “Firm”) are the investment advisers to private pooled investment vehicles via master feeder structures and separately managed funds (each a “Private Fund” and collectively the “Private Funds”). Shannon River is also a sub-advisor to a Luxembourg UCITS product and an Irish UCITS product (each, a “UCITS Fund”). Shannon River may in the future manage other pooled investment vehicles or accounts (including separately managed accounts). Shannon River Capital Management LLC, Doonbeg Capital Management LLC, Doonbeg Fund Management LLC and Doonbeg Global Management LLC operate in the course of the Firm’s investment management business as though they are registered investment advisers and are deemed “Relying Advisers” pursuant to the January 18, 2012 no-action letter issued by the SEC staff to the American Bar Association. As such, each “Relying Adviser” has completed a separate Schedule R on the Form ADV Part 1a. Shannon River provides investment management services

to the Private Funds based upon specific investment objectives and strategies. The Private Funds are managed in accordance with their own objectives and are not tailored to any particular private fund investor (each an “Investor” and collectively “Investors” ). The Private Funds generally invest in long and short equity securities, focused on sectors which include technology, media and telecommunications. The primary objective of the Funds is to achieve capital appreciation while carefully managing risk and market exposure. As a sub-adviser to the UCITS Funds, Shannon River employs substantially similar investment strategies as it uses for the Private Funds, while taking into account the greater need for position liquidity caused by regulations applicable to the UCITS Funds and certain investment guidelines and/or restrictions applicable to such clients. Such investment guidelines and/or restrictions may be negotiated with respect to each sub-advisory client, and are set forth in their respective governing agreements. As of December 31, 2023, Shannon River managed Regulatory Assets under Management (“RAUM”) of approximately US $722,754,167 on a discretionary basis. Shannon River does not manage any assets on a non-discretionary basis.

SHANNON RIVER FUND MANAGEMENT, LLC

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