9AT: ELIZABETH PARK CAPITAL MANAGEMENT, LTD

other names

ELIZABETH PARK CAPITAL MANAGEMENT, LTD
ELIZABETH PARK CAPITAL ADVISORS, LTD
ELIZABETH PARK CAPITAL MANAGEMENT, LTD. (RELYING ADVISER)

Adviser Profile

As of Date	03/31/2025
ADV Location	PEPPER PIKE, OH, United States
Adviser Type - Large advisory firm
Number of Employees	10 11%
of those in investment advisory functions	10 11%
Registration	SEC, Approved, 04/09/2014
Other registrations (2)	Ohio, Terminated, 05/09/2014 Rhode Island, Terminated, 06/27/2012

AUM^*	373,941,296 8%
of that, discretionary	373,941,296 8%
Private Fund GAV^*	373,941,297 17%
Avg Account Size	41,549,033 8%
SMA’s	Yes
Private Funds	9 6
Contact Info	(21 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	Count8	GAV$199,388,670
Fund TypePrivate Equity Fund	Count1	GAV$174,552,627

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 THE QUARRY LP	Hedge Fund702.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV702.5m	AUM702.5m	#Funds4
Adviser LODGE HILL CAPITAL, LLC	Hedge Fund564.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV564.3m	AUM650.0m	#Funds3
Adviser RV CAPITAL	Hedge Fund180.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV180.0m	AUM692.8m	#Funds2
Adviser CONVERIUM CAPITAL INC.	Hedge Fund701.6m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV701.6m	AUM762.0m	#Funds3
Adviser ARIN RISK ADVISORS LLC	Hedge Fund2.6m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.6m	AUM5.0b	#Funds1
Adviser RPD FUND MANAGEMENT LLC	Hedge Fund255.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV255.8m	AUM506.2m	#Funds7
Adviser INTERMARKET CORPORATION	Hedge Fund410.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV410.3m	AUM410.3m	#Funds4
Adviser MUDDY WATERS CAPITAL LLC	Hedge Fund293.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV293.8m	AUM308.8m	#Funds9
Adviser CLOCKWISE CAPITAL LLC	Hedge Fund5.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV5.9m	AUM67.5m	#Funds1
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

Brochure Summary

Overview

Elizabeth Park was founded in 2008. Elizabeth Park is an Ohio Limited Liability Company located in Pepper Pike, Ohio. Its principal owner is Fred Cummings, Founder, President and Managing Member (referred to herein as the “Managing Member”). Elizabeth Park provides discretionary investment advisory services to its clients, which consist of pooled investment vehicles and, from time-to-time, separately managed accounts (collectively, and any additional investment vehicle or account that Elizabeth Park or its affiliates may manage in the future, the “Clients”). The Clients are managed in accordance with the investment objectives, strategies and guidelines and the terms and conditions of the investment, set out in their respective private placement memoranda (“PPM”), investment management agreements, organizational, or other governing documents (collectively, the “Governing Documents”). Elizabeth Park provides advice to the Clients

with respect to trading and investing, both long and short, in a broad range of public and private equity and preferred securities with a focus on the financial services industry. Services provided to the Clients by Elizabeth Park or its personnel or affiliates, may include, in addition to advice regarding investments, executing and reconciling trades, preparing financial statements, providing audit support, preparing tax-related schedules and documents and sales support and investor relations services. The Adviser does not tailor its advisory services to the individual needs of investors in the Clients (“Investors”). Each Client may have investment restrictions on investing in certain securities or other assets, to the extent that such securities are outside of the applicable Client’s existing investment program. As of December 31, 2023, Elizabeth Park had discretionary regulatory assets under management of $341,321,695.

ELIZABETH PARK CAPITAL MANAGEMENT, LTD

Adviser Profile

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Compensation Arrangments

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