9AT: AQUILO CAPITAL MANAGEMENT, LLC

Adviser Profile

As of Date	03/22/2025
Registration status	Terminated
ADV Location	SAN FRANCISCO, CA, United States
Contact Info	415 xxxxxxx
Websites

AUM^*	257,631,514 -42%
of that, discretionary	257,631,514 -42%
Number of Employees	5 -17%
of those in investment advisory functions	5
Private Fund GAV^*	0
Avg Account Size	64,407,879 -27%
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

- 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 JB CAPITAL PARTNERS	Hedge Fund680.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV680.7m	AUM680.7m	#Funds1
Adviser NORTH FOURTH ASSET MANAGEMENT, LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM436.4m	#Funds-
Adviser LAVACA CAPITAL, LLC	Hedge Fund76.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV76.3m	AUM927.1m	#Funds4
Adviser FORTIS CAPITAL MANAGEMENT LLC	Hedge Fund143.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV143.4m	AUM1.2b	#Funds3
Adviser THOMIST CAPITAL MANAGEMENT, LP	Hedge Fund661.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV661.2m	AUM736.2m	#Funds1
Adviser SILVERARC CAPITAL MANAGEMENT, LLC	Hedge Fund913.6m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund21.7m	Other Fund-	Total Private Fund GAV957.0m	AUM1.6b	#Funds4
Adviser ANALOG CENTURY MANAGEMENT LP	Hedge Fund907.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV907.9m	AUM2.5b	#Funds10
Adviser ESCHLER ASSET MANAGEMENT LLP	Hedge Fund510.1m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV510.1m	AUM588.1m	#Funds22
Adviser RIPOSTE CAPITAL LLC	Hedge Fund271.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV271.8m	AUM496.6m	#Funds3
Adviser HEDONOVA ADVISORS LLC	Hedge Fund643.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV643.2m	AUM643.2m	#Funds4

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck Ticker000000000	Stock NameNo Securities	$ Position$	% Position	$ Change0.00%	# Change0.00%

Brochure Summary

Overview

Aquilo is a California limited liability company that was founded in 2010. It was formed and is operated to manage investment funds and separately managed accounts for individual clients. Aquilo’s manager, controlling owner, and portfolio manager is Marc R. Schneidman. Aquilo currently manages four investment funds Aquilo Capital, L.P. (the “Core Fund”), a master fund, Aquilo Capital Offshore, Ltd. (the “Offshore Fund”), a feeder fund to the Core Fund, Aquilo Capital LO, L.P., (the “LO Fund”), a master fund, and Aquilo Capital LO Offshore, Ltd. (the “LO Offshore Fund”), a feeder fund to the LO Fund (collectively known as the “Funds”) and it only manages assets on a discretionary basis. It currently has no separate account clients, but it may accept a separate account client

in the future. Aquilo invests principally, but not solely, in equity and equity-related securities that are issued by companies in the life sciences industry and that are traded publicly in U.S. and non-U.S. markets on behalf of its clients but is authorized to enter into any type of investment transaction that it deems appropriate under the terms of the client’s partnership or other account agreement. The Funds are managed in accordance with their own investment objectives and are not tailored to any particular private fund investor. Aquilo does not participate in wrap fee programs. As of December 31, 2023, Aquilo managed regulatory assets of approximately $257.6 million on a discretionary basis. Aquilo Capital Management, LLC – ADV Part 2A Page 5

AQUILO CAPITAL MANAGEMENT, LLC

AQUILO CAPITAL MANAGEMENT, LLC

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AQUILO CAPITAL MANAGEMENT, LLC AQUILO CAPITAL MANAGEMENT, LLC

Related Companies

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Top Holdings

Brochure Summary

Overview

AQUILO CAPITAL MANAGEMENT, LLC

AQUILO CAPITAL MANAGEMENT, LLC