9AT: VANSHAP CAPITAL, LLC

other names

VANSHAP CAPITAL, LLC
VANSHAP CAPITAL GP, LLC (RELYING ADVISER)
VS CAPITAL ADVISORS, LLC

Adviser Profile

As of Date	07/31/2025
ADV Location	ARLINGTON, VA, United States
Adviser Type - Mid-sized advisory firm
Number of Employees	2
of those in investment advisory functions	2
Registration	SEC, Approved, 07/30/2013
Other registrations (1)	Virginia, Terminated, 08/02/2013

AUM^*	85,300,000 38%
of that, discretionary	85,300,000 38%
Private Fund GAV^*	88,160,000 13%
Avg Account Size	42,650,000 38%
SMA’s	No
Private Funds	3 1
Contact Info	(57 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	Count1	GAV$81,900,000
Fund TypeVenture Capital Fund	Count1	GAV$3,300,000
Fund TypeOther Private Fund	Count1	GAV$2,960,000

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 AFO LIMITED	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund99.6m	Other Fund-	Total Private Fund GAV199.2m	AUM-	#Funds1
Adviser GARGLET LLC	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 BLACKBIRD LLC	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 LACUNA LLC	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 EUPHRATES ADVISORS	Hedge Fund530.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund20.2m	Other Fund-	Total Private Fund GAV571.1m	AUM551.0m	#Funds3
Adviser DEEPWATER ASSET MANAGEMENT, LLC	Hedge Fund83.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund105.0m	Other Fund-	Total Private Fund GAV293.8m	AUM457.7m	#Funds8
Adviser AVORO CAPITAL ADVISORS LLC	Hedge Fund9.7b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund178.0m	Other Fund-	Total Private Fund GAV10.1b	AUM9.9b	#Funds3
Adviser SOFINNOVA INVESTMENTS, INC.	Hedge Fund1.0b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund832.7m	Other Fund-	Total Private Fund GAV2.7b	AUM3.8b	#Funds7
Adviser ARCA INVESTMENT MANAGEMENT, LLC	Hedge Fund265.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund123.0m	Other Fund-	Total Private Fund GAV511.2m	AUM243.2m	#Funds8
Adviser GEOCAPITAL LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM55.2m	#Funds-

Brochure Summary

Overview

A. Vanshap Capital, founded in March 2012, is an investment services firm that provides investment management services to investors through its clients, Vanshap Capital Value Fund, LP, a pooled investment vehicle, or (“hedge fund client”) that invests in publicly traded securities, and Vanshap Capital Food Technology Fund I, LP, a pooled investment vehicle investing in a partnership that indirectly owns a single private equity security, or (“fund of funds client.”) Vanshap Capital is managed by David Shapiro and Evan Vanderveer (each, a “Principal”), and each Principal owns 37.5% of Vanshap Capital. The Principals also manage our clients’ general partner, Vanshap Capital GP, LLC (the “General Partner”), and each Principal owns 30% of the General Partner. B. We attempt to always act in the best interest of our clients. Our firm strictly adheres to the investment strategy set forth in our clients’ Private Placement Memoranda. We do not modify securities recommendations to our clients according to the particular interests of our clients’ underlying investors, nor do we allow investors to place restrictions on the trading we conduct for our

clients. We believe that this is the only fair and just way to manage a pooled investment vehicle, as it minimizes the potential for favoritism and factionalism on behalf of any underlying investors. Vanshap Capital seeks to achieve long-term capital appreciation for its investors by primarily investing in equity securities in the small-cap global markets. Our primary method of identifying potential investments is through screening and our relationship network. C. We may tailor specific advisory services with respect to our clients at our discretion and based on the individual investment strategy of our clients. All discussions of the clients in this Brochure, including but not limited to its investments, the strategies used in managing the clients, and conflicts of interest faced by Vanshap Capital in connection with the management of the clients are qualified in their entirety by reference to the clients’ offering documents. D. We do not participate in any wrap fee programs. E. As of March 1, 2024, Vanshap Capital managed approximately $77,800,000 in discretionary assets. Vannshap Capital does not currently manage assets on a non-discretionary basis.

VANSHAP CAPITAL, LLC

Adviser Profile

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Compensation Arrangments

Reported AUM

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Brochure Summary

Overview