9AT: EVOLUTION CAPITAL MANAGEMENT LLC

Adviser Profile

As of Date	12/22/2023
Registration status	Terminated
ADV Location	CRYSTAL BAY, NV, United States
Contact Info	775 xxxxxxx
Websites

AUM^*	645,926,042 0%
of that, discretionary	645,926,042
Number of Employees	13
of those in investment advisory functions	2
Private Fund GAV^*	0
Avg Account Size	107,654,340 0%
SMA’s	No
Private Funds	0 3

Adviser Type

- Large advisory firm

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- 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 OSMOSIS INVESTMENT MANAGEMENT US LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM298.9m	#Funds-
Adviser WASSERSTEIN MANAGEMENT, LP	Hedge Fund193.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV193.4m	AUM408.5m	#Funds5
Adviser MASONRY CAPITAL MANAGEMENT, LLC	Hedge Fund13.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV13.8m	AUM370.5m	#Funds1
Adviser PINEY LAKE CAPITAL MANAGEMENT LP	Hedge Fund744.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV744.9m	AUM744.9m	#Funds6
Adviser COMMUNITY INVESTMENT MANAGEMENT LLC	Hedge Fund1.5b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.5b	AUM1.5b	#Funds2
Adviser FORCE HILL CAPITAL MANAGEMENT LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM652.1m	#Funds-
Adviser MARLIN MANAGER, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM871.0m	#Funds-
Adviser NINEPOINTTWO CAPITAL LLC	Hedge Fund168.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV168.4m	AUM314.8m	#Funds1
Adviser ENHALUS CAPITAL, LP	Hedge Fund544.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV544.9m	AUM785.5m	#Funds5
Adviser EAGLE HEALTH INVESTMENTS LP	Hedge Fund605.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV605.3m	AUM605.3m	#Funds4

Brochure Summary

Overview

A. Advisory Business Evolution is an investment adviser with its principal place of business in Crystal Bay, Nevada. Evolution was formed in May 2002 and is a limited liability company organized in the State of Delaware. Michael Lerch is the founder and sole owner of Evolution. B. Advisory Services Evolution provides investment advisory services on a discretionary basis to pooled investment vehicles that are structured as Delaware limited liability companies, Cayman Islands limited partnerships, or Cayman Islands exempted companies (also referred to herein as “Client”, “Clients”, “Fund”, or “Funds”) for which Evolution acts as investment manager. References to an “investor” or “investors” in this Brochure refer to investors in Funds. C. Tailored Advisory Services Evolution is granted broad investment authority with respect to the management of its Funds, subject to such investment restrictions as may be set forth in the confidential private offering memorandum, investment management agreement, operating agreement (with respect to Funds formed as limited liability companies), limited

partnership agreement (with respect to Funds formed as Cayman Islands limited partnerships), memorandum and articles of association (with respect to Funds formed as Cayman Islands exempted companies), and other governing documents of each Fund (collectively, the “Governing Documents”). There is no assurance that any Fund’s investment objectives will be achieved. Evolution has entered into “side letters” or similar agreements with certain investors in the Funds granting the investor specific rights, economic terms, benefits, or privileges that are not made available to other investors. Investors may not impose restrictions on investing in certain securities and/or investments and/or certain types of securities and/or investments except as agreed to in the Governing Documents or in a side letter. D. Wrap Fee Programs Evolution does not participate in wrap fee programs. E. Client Assets Managed on a Discretionary Basis As of December 31, 2022, Evolution managed approximately $645,926,043 in regulatory assets under management, all of which was managed on a discretionary basis.

EVOLUTION CAPITAL MANAGEMENT LLC

EVOLUTION CAPITAL MANAGEMENT LLC

ENDEAVOR OFFSHORE MANAGEMENT (CAYMAN) LTD. (RELYING ADVISER)

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EVOLUTION CAPITAL MANAGEMENT LLC EVOLUTION CAPITAL MANAGEMENT LLC ENDEAVOR OFFSHORE MANAGEMENT (CAYMAN) LTD. (RELYING ADVISER)

Related Companies

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Brochure Summary

Overview

EVOLUTION CAPITAL MANAGEMENT LLC

EVOLUTION CAPITAL MANAGEMENT LLC

ENDEAVOR OFFSHORE MANAGEMENT (CAYMAN) LTD. (RELYING ADVISER)