9AT: INTERMARKET CORPORATION

other names

INTERMARKET CORPORATION
INTERMARKET MANAGEMENT L.P. (RELYING ADVISER)
INTERMARKET L.P. (RELYING ADVISER)

Adviser Profile

As of Date	03/30/2026
Registration	SEC, Approved, 03/30/2012
ADV Location	NEW YORK, NY, United States
Contact Info	212 xxxxxxx
Websites

AUM^*	431,517,751 7%
of that, discretionary	431,517,751 7%
Private Fund GAV^*	431,517,751 5%
Avg Account Size	143,839,250 7%
SMA’s	No
Private Funds	4

Adviser Type

- Large advisory firm

Number of Employees 8

of those in investment advisory functions 5

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 TypeHedge Fund	Count4	GAV$431,517,751

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 FOX RUN MANAGEMENT LLC	Hedge Fund138.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV138.5m	AUM695.8m	#Funds1
Adviser PROSIGHT CAPITAL	Hedge Fund277.6m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV277.6m	AUM1.0b	#Funds2
Adviser SEPULVEDA MANAGEMENT LLC	Hedge Fund355.1m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV355.1m	AUM355.1m	#Funds4
Adviser 22NW, LP	Hedge Fund295.6m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV295.6m	AUM295.6m	#Funds1
Adviser STANLEY CAPITAL MANAGEMENT, LLC	Hedge Fund634.6m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV634.6m	AUM634.6m	#Funds1
Adviser CAPCO ASSET MANAGEMENT, LLC	Hedge Fund160.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV160.4m	AUM468.6m	#Funds1
Adviser MUDDY WATERS CAPITAL LLC	Hedge Fund522.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV522.9m	AUM576.3m	#Funds12
Adviser VIBURNUM FUNDS PTY LTD	Hedge Fund75.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV75.7m	AUM276.4m	#Funds1
Adviser KIZE CAPITAL LP	Hedge Fund246.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV246.3m	AUM264.9m	#Funds5
Adviser 11 CAPITAL PARTNERS LP	Hedge Fund234.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV234.7m	AUM503.5m	#Funds5

Brochure Summary

Overview

Intermarket Corporation was founded as a New York corporation in 1969 and its principal owners are David B. Forer and Thomas P. Borger. Intermarket Corporation, together with its affiliates, Intermarket L.P.1 and Intermarket Management L.P.2 (referred to collectively hereinafter as “Intermarket”), serves as the investment adviser to private investment funds focused primarily on investing in events related to corporate restructuring and in securities of distressed companies. Intermarket provides investment management services to certain pooled investment vehicles (each, a “Fund”) with similar investment objectives, strategies and policies. Intermarket is controlled by Thomas Borger and David Forer, who are primarily responsible for the day-to-day management of the Funds. Intermarket is committed to situational or event-driven

investing and, consistent with this style, it has maintained a flexibility of emphasis that permits it to take advantage of and profit from opportunities particular to a specific period. Investors in the Funds (each, an “Investor”) invest with Intermarket by purchasing interests or shares in a Fund when the Fund is raising capital. Please refer to Item 8 for a more detailed description of our investment strategies. As of December 31, 2023, Intermarket managed approximately $369.7 million in net assets. The amount disclosed under this item is calculated based on net assets, which differs from our “regulatory assets under management” disclosed under Part 1A of our Form ADV. All of these assets are managed on a discretionary basis. Intermarket does not provide non-discretionary investment advisory services.

INTERMARKET CORPORATION

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

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Brochure Summary

Overview