9AT: CLOCKTOWER GROUP, L.P.

other names

CLOCKTOWER GROUP, L.P.
DROBNY GLOBAL ASSET MANAGEMENT, L.P.
DROBNY CAPITAL, L.P.

Adviser Profile

As of Date	07/01/2025
ADV Location	SANTA MONICA, CA, United States
Adviser Type - Large advisory firm
Number of Employees	27 -10%
of those in investment advisory functions	14 -7%
Registration	SEC, Approved, 06/24/2015
Other registrations (1)	California, Terminated, 08/19/2015

AUM^*	1,889,484,494 -8%
of that, discretionary	1,889,484,494 -8%
Private Fund GAV^*	2,357,154,493 35%
Avg Account Size	65,154,638 -11%
% High Net Worth	< 0.01% -100%
SMA’s	No
Private Funds	43 24
Contact Info	(31 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles
- Selection of other advisers

Compensation Arrangments

- A percentage of assets under your management
- Subscription fees (for a newsletter or periodical)
- Fixed fees (other than subscription fees)
- Performance-based fees

Fund Type	Count	GAV
Fund TypeHedge Fund	Count19	GAV$1,141,390,221
Fund TypeVenture Capital Fund	Count17	GAV$843,732,548
Fund TypeOther Private Fund	Count7	GAV$372,031,724

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 GALAXY DIGITAL CAPITAL MANAGEMENT LP	Hedge Fund1.1b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund2.5b	Other Fund102.0m	Total Private Fund GAV6.3b	AUM2.5b	#Funds40
Adviser MEASURE 8 VENTURE PARTNERS	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM306.9m	#Funds-
Adviser HARTMANN CAPITAL, LLC	Hedge Fund10.6m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund28.6m	Other Fund-	Total Private Fund GAV67.8m	AUM-	#Funds4
Adviser COTA CAPITAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.3b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund396.3m	Other Fund17.1m	Total Private Fund GAV2.1b	AUM1.1b	#Funds18
Adviser GLYNN CAPITAL MANAGEMENT, LLC	Hedge Fund106.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund941.1m	Other Fund499.6m	Total Private Fund GAV2.5b	AUM1.6b	#Funds13
Adviser DRAGONFLY DIGITAL MANAGEMENT, LLC	Hedge Fund643.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund3.3b	Other Fund826.8m	Total Private Fund GAV8.0b	AUM4.1b	#Funds15
Adviser SAGE MOUNTAIN ADVISORS, LLC	Hedge Fund25.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund6.3m	Other Fund-	Total Private Fund GAV37.6m	AUM3.4b	#Funds3
Adviser MIG CAPITAL, LLC	Hedge Fund1.0b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.0b	AUM1.0b	#Funds3
Adviser GLOBAL FRONTIER INVESTMENTS, LLC	Hedge Fund30.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund74.0m	Other Fund-	Total Private Fund GAV178.7m	AUM516.4m	#Funds4
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

Brochure Summary

Overview

Clocktower Group, L.P. (“Clocktower Group” or the “Firm”) is a Delaware limited partnership that has been in business since 2007 and has been registered as an investment adviser with the SEC since June 2015. Clocktower Group provides discretionary investment advisory services to privately offered pooled investment funds that invest in private hedge funds (“Hedge Funds of Funds”) and venture capital investments in various private companies (“Venture Capital Funds”) (together all private investment funds, including Hedge Funds of Funds and Venture Capital Funds, are referred to as the “Clocktower Funds” or “Funds”). Additionally, the Firm provides non-discretionary investment consulting services to certain unaffiliated institutional clients (each such client, an “investment consulting client” and collectively the “investment consulting clients”). The Firm also provides strategy research reports to certain institutional clients and high net worth clients (each such client, a “strategy research reporting client” and together, the “strategy research reporting clients”). Clocktower Group uses the term “institutional clients” to refer to investment advisers, endowments, banks, family offices, and pension plans. Steven Drobny is Clocktower Group’s Managing Partner and controlling owner. As of December 31, 2023, Clocktower Group had $1.723 billion of regulatory assets under management on a discretionary basis. Clocktower Funds As outlined above, Clocktower Group provides discretionary investment advisory

services to the Clocktower Funds. Clocktower Group manages the assets of the Clocktower Funds based on the specific investment objectives and restrictions of each fund, which are outlined in the respective fund’s offering documents, rather than on the individual needs and objectives of the individual investors in the Clocktower Funds. Investment Consulting Services Clocktower Group provides the investment consulting clients with analysis and recommendations regarding asset allocation and with respect to potential investments in various third-party investment managers and private hedge funds, customized in accordance with an individual client’s needs and objectives. Investment consulting clients are free at all times to accept or reject any of Clocktower Group’s investment recommendations and at all times retain authority and discretion over all investment decisions. Clocktower Group does not execute or facilitate any investments on behalf of its investment consulting clients. Strategy Research Reporting Clocktower Group provides the strategy research reporting clients with analysis and reporting on geopolitics, macroeconomics, and markets. This reporting is broad in nature, is not tailored to a specific client’s objectives, should not be considered investment advice to buy our sell any particular securities, and does not consider differences in client portfolio needs and characteristics. Wrap Programs Clocktower Group does not participate in any wrap fee programs.

CLOCKTOWER GROUP, L.P.

Adviser Profile

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