9AT: PFINGSTEN PARTNERS, L.L.C.

other names

PFINGSTEN PARTNERS, L.L.C.
PFINGSTEN PARTNERS III, L.P. (RELYING ADVISER)
PFINGSTEN PARTNERS V, L.P. (RELYING ADVISER)
PFINGSTEN PARTNERS IV, L.P. (RELYING ADVISER)

Adviser Profile

As of Date	03/31/2026
Registration	SEC, Approved, 03/30/2012
ADV Location	CHICAGO, IL, United States
Contact Info	312 xxxxxxx
Websites

AUM^*	787,015,536 -27%
of that, discretionary	787,015,536 -27%
Private Fund GAV^*	787,015,536 -14%
Avg Account Size	196,753,884 10%
SMA’s	No
Private Funds	6

Adviser Type

- Large advisory firm

Number of Employees 20

of those in investment advisory functions 19

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

SEC Fund Type	Count	GAV
Fund TypePrivate Equity Fund	Count6	GAV$787,015,536

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 FIVE ARROWS MANAGERS (USA) LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund315.1m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV315.1m	AUM994.0m	#Funds4
Adviser ELLSWORTH ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund30.6m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV30.6m	AUM1.4b	#Funds9
Adviser HIDDEN HARBOR CAPITAL MANAGEMENT, L.P.	Hedge Fund-	Liquidity Fund-	Private Equity Fund3.0b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV3.0b	AUM2.2b	#Funds12
Adviser RC CAPITAL	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.1b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.1b	AUM682.1m	#Funds13
Adviser GODWIN CAPITAL GROUP, LLC	Hedge Fund68.1m	Liquidity Fund-	Private Equity Fund138.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund40.2m	Total Private Fund GAV246.4m	AUM1.1b	#Funds23
Adviser IRONWOOD CAPITAL ADVISORS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund764.9m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund1.3m	Total Private Fund GAV766.2m	AUM766.2m	#Funds10
Adviser BAIRD CAPITAL MANAGEMENT COMPANY, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.9b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund450.0m	Other Fund-	Total Private Fund GAV2.8b	AUM737.9m	#Funds13
Adviser CREDIT SUISSE SECURITIES (USA) LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM805.3m	#Funds-
Adviser BAY HILLS CAPITAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.1b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.1b	AUM569.8m	#Funds14
Adviser QUAD PARTNERS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund594.1m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV594.1m	AUM743.4m	#Funds12

Brochure Summary

Overview

ADVISORY BUSINESS Pfingsten Partners, a Delaware limited liability company and a registered investment adviser formed in 1989, provides investment advisory services to its clients, which consist of private investment funds, including the funds described herein (collectively and together with any future private investment fund, the “Funds” and each individually, a “Fund”). For purposes of this brochure, “Pfingsten Partners” shall include (where the context permits) other affiliates that provide advisory services to and/or receive management fees from the Funds and/or serve as general partners of the Funds. Such affiliates are under common control with Pfingsten Partners, L.L.C. Pfingsten Partners is owned by Mr. Scott Finegan, Mr. Phillip Bronsteatter and Mr. Kenneth Hessevick. Pfingsten Partners, through its Funds, invests in middle market manufacturing, distribution and business services companies with a strategy to build better businesses through operational improvements, professional management practices, global capabilities and profitable business growth rather than financial engineering. Pfingsten Partners’ investments consist of portfolio companies, where Pfingsten Partners’ Senior Managing Directors and Managing Directors (the “Pfingsten Partners Directors”) will, in

most cases, serve on such portfolio companies’ respective boards of directors or otherwise act to influence control over management of portfolio companies held by the relevant Fund. Pfingsten Partners provides investment advisory services to the Funds which invest directly in portfolio companies. As of December 31, 2023, Pfingsten Partners managed approximately $1,076 million in client assets. Pfingsten Partners’ advisory services for Funds are detailed in the applicable private placement memoranda and limited partnership agreements (collectively, the “Governing Documents”) and are further described below under “Methods of Analysis, Investment Strategies and Risk of Loss.” Investment restrictions, if any, are detailed in the Funds’ Governing Documents. Pfingsten Partners Fund Program Pfingsten Partners is the investment manager of the following Funds, each of which invests directly in portfolio companies and has as its general partner a Pfingsten Partners affiliate of which Pfingsten Partners is the managing member:
• Pfingsten Partners Fund IV, L.P.
• Pfingsten Partners Co-Investment Fund IV, L.P.
• Pfingsten Partners Fund V, L.P.
• Pfingsten Partners Fund V-A, L.P.
• Pfingsten Fund VI, L.P.
• Pfingsten Fund VI-A, L.P.

PFINGSTEN PARTNERS, L.L.C.

Adviser Profile

Details

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Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

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Employees

Private Funds Structure

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Brochure Summary

Overview