9AT: BREAKWATER MANAGEMENT, LP

Adviser Profile

As of Date	03/02/2024
Registration status	Registration Changed to BREAKWATER MANAGEMENT, LP
ADV Location	LOS ANGELES, CA, United States
Contact Info	(42 xxxxxxx
Websites

AUM^*	169,200,000 -39%
of that, discretionary	169,200,000 -39%
Number of Employees	8
of those in investment advisory functions	6 20%
Private Fund GAV^*	0
Avg Account Size	16,920,000 -33%
SMA’s	No
Private Funds	0 5

Adviser Type

- Large advisory firm

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

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 CHICAGO ATLANTIC ADVISERS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund63.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund2.7b	Total Private Fund GAV2.7b	AUM970.3m	#Funds14
Adviser EIR PARTNERS CAPITAL, LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund2.7b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.7b	AUM2.7b	#Funds15
Adviser SELBY LANE CAPITAL, 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 HIGHGEAR VENTURES MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund50.2m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund23.3m	Total Private Fund GAV73.5m	AUM-	#Funds5
Adviser TREND DISCOVERY CAPITAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund16.2m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund15.6m	Total Private Fund GAV31.8m	AUM-	#Funds5
Adviser CYPRESS GROWTH CAPITAL, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund29.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund43.2m	Total Private Fund GAV72.2m	AUM-	#Funds4
Adviser FEG PRIVATE INVESTORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund434.6m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund1.0b	Total Private Fund GAV1.5b	AUM1.5b	#Funds30
Adviser DEXUS CAPITAL INVESTORS LIMITED	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund1.6b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.6b	AUM-	#Funds2
Adviser ATW PARTNERS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.2b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.2b	AUM1.2b	#Funds40
Adviser HUDSON STRUCTURED CAPITAL MANAGEMENT LTD.	Hedge Fund-	Liquidity Fund-	Private Equity Fund886.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund1.9b	Total Private Fund GAV2.8b	AUM4.0b	#Funds27

Brochure Summary

Overview

Breakwater is a California limited partnership originally organized in January 2007. Breakwater’s managing partner is Eric Beckman, who is a co-owner of Breakwater with the Estate of Breakwater’s founder, Saif Mansour. Breakwater provides discretionary investment management services to four private investment vehicles that are structured as limited partnerships (each a “Fund”, and collectively the “Funds”). These Funds are fully invested and will not originate any new platform investments. The Firm has historically focused on making direct loans and private equity investments in growing lower middle market growth companies across a variety of end markets. Going forward, Breakwater will focus exclusively on private equity opportunities in the media & entertainment, marketing, and tech-enabled services sectors, which capitalizes on the investment and operating experience of the Firm’s senior professionals. Breakwater has formed and will continue to form special purpose vehicles for certain investments. The special purpose vehicles and equity investments are each referred to herein as “SPVs” and unless clearly specified otherwise, the Funds and SPVs are collectively

referred to herein as the “Clients.” Investment advice is provided directly to each Client itself and not to the individual investors in the Funds or SPVs. Breakwater tailors its advisory services to the individual needs of each particular Client but not to the individual needs of the underlying investors. Breakwater manages the Clients in accordance with the investment objectives and limitations set forth in each Client’s offering memoranda, governing documents, subscription agreements and any investment management agreement between Breakwater and each Client (together, “Operative Documents”). Breakwater has entered into agreements, commonly known as “side letters,” with certain investors under which Breakwater waives or modifies the application of certain investment terms applicable to such investors, without obtaining the consent of any other investor in the Funds or SPVs (other than an investor whose rights would be materially and adversely affected by the waiver or modification). Breakwater does not participate in wrap fee programs. As of December 31, 2022, Breakwater managed approximately $169,200,000 of regulatory assets on a discretionary basis.

BREAKWATER MANAGEMENT, LP

BREAKWATER MANAGEMENT, LP

BREAKWATER INVESTMENT MANAGEMENT LLC

BREAKWATER INVESTMENT MANAGEMENT, LLC

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BREAKWATER MANAGEMENT, LP BREAKWATER MANAGEMENT, LP BREAKWATER INVESTMENT MANAGEMENT LLC BREAKWATER INVESTMENT MANAGEMENT, LLC

Related Companies

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Brochure Summary

Overview

BREAKWATER MANAGEMENT, LP

BREAKWATER MANAGEMENT, LP

BREAKWATER INVESTMENT MANAGEMENT LLC

BREAKWATER INVESTMENT MANAGEMENT, LLC