9AT: DARK HORSE CAPITAL MANAGEMENT LLC

Adviser Profile

As of Date	03/27/2025
Registration status	Registration Changed to DARK HORSE CAPITAL MANAGEMENT LLC
ADV Location	CHADDS FORD, PA, United States
Contact Info	610 xxxxxxx
Websites

AUM^*	76,958,821 33%
of that, discretionary	76,958,821 33%
Number of Employees	2
of those in investment advisory functions	2
Private Fund GAV^*	0
Avg Account Size	19,239,705 33%
SMA’s	No
Private Funds	0 1

Adviser Type

- Mid-sized advisory firm

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

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 CARMIKA PARTNERS LLP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM72.6m	#Funds-
Adviser CAMELOT EVENT-DRIVEN ADVISORS, LLC	Hedge Fund361.8k	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV361.8k	AUM107.8m	#Funds1
Adviser WEST ELK CAPITAL, LLC	Hedge Fund152.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV152.3m	AUM152.3m	#Funds1
Adviser GRUENSTEIN INVESTMENTS LLC	Hedge Fund20.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV20.5m	AUM61.5m	#Funds1
Adviser GRAVITY CAPITAL MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM94.0m	#Funds-
Adviser LW CAPITAL MANAGEMENT, LLC	Hedge Fund68.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV68.0m	AUM99.4m	#Funds2
Adviser DOMA PERPETUAL CAPITAL MANAGEMENT LLC	Hedge Fund248.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV248.5m	AUM307.6m	#Funds3
Adviser ROCKY MOUNTAIN PRIVATE WEALTH MANAGEMENT, L.L.C.	Hedge Fund23.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV23.5m	AUM23.5m	#Funds2
Adviser WALNUT LEVEL CAPITAL LLC	Hedge Fund31.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV31.2m	AUM119.2m	#Funds3
Adviser UPRIGHT FINANCIAL CORP	Hedge Fund16.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV16.9m	AUM98.0m	#Funds1

Brochure Summary

Overview

Dark Horse Capital Management LLC (“Advisor” or “Dark Horse”), a Delaware limited liability company, is a Pennsylvania-based firm that provides investment advisory and other services. Dark Horse commenced operations in 2018. The controlling member of Dark Horse is Casey J. (“C.J.”) Martin. The Adviser provides investment advisory services to private funds and separately managed accounts (“SMA”). The Adviser’s current SMA Clients are single investor funds. The Adviser serves as the investment adviser to Dark Horse Fund I LP (the “Fund”). The general partner for the Fund is C.J. Martin. In addition, the Adviser will provide investment advisory services to the following types of clients (the “SMA Clients” and together with

the Fund, “Funds”) (please see Item 7 of this Brochure for more information on client requirements): Institutions:
• Fund of hedge funds, endowments, foundations, corporations, insurance companies, and registered investment advisors (“RIA”) Quasi-Institutions:
• Multi-family offices and single-family offices High Net-Worth Individuals
• Cash accounts and retirement accounts The Adviser will manage these accounts on a discretionary basis pursuant to the obligations and restrictions set forth in the SMA Clients’ investment management agreements. Similar to the services provided to the Fund, the Adviser’s investment advice to SMA Clients will primarily focus on strategies outlined in ITEM 8.

DARK HORSE CAPITAL MANAGEMENT LLC

DARK HORSE CAPITAL 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

Need help?

Send a question to 9AT support.

DARK HORSE CAPITAL MANAGEMENT LLC DARK HORSE CAPITAL 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

DARK HORSE CAPITAL MANAGEMENT LLC

DARK HORSE CAPITAL MANAGEMENT LLC