9AT: LEVEL EQUITY

other names

LEVEL EQUITY
LEVEL EQUITY PARTNERS III (GP), LLC (RELYING ADVISER)
LEVEL EQUITY PARTNERS II (GP), LLC (RELYING ADVISER)
LEVEL EQUITY PARTNERS (GP), LLC (RELYING ADVISER)
LEVEL EQUITY MANAGEMENT, LLC

Adviser Profile

As of Date	03/31/2025
ADV Location	NEW YORK, NY, United States
Adviser Type - Large advisory firm
Number of Employees	50 14%
of those in investment advisory functions	44 10%
Registration	SEC, Approved, 10/31/2017
Other registrations (1)	SEC, ERA - Withdrawn, 09/29/2017

AUM^*	5,284,843,164 52%
of that, discretionary	5,284,843,164 50%
Private Fund GAV^*	4,841,606,267 0%
Avg Account Size	310,873,127 24%
SMA’s	No
Private Funds	17 3
Contact Info	212 xxxxxxx
Websites

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

Fund Type	Count	GAV
Fund TypePrivate Equity Fund	Count17	GAV$4,841,606,267

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 JLL PARTNERS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund5.4b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV5.4b	AUM5.4b	#Funds40
Adviser BUTTERFLY EQUITY LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund6.6b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV6.6b	AUM6.1b	#Funds34
Adviser BRIGHTON PARK CAPITAL	Hedge Fund-	Liquidity Fund-	Private Equity Fund3.1b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV3.1b	AUM4.2b	#Funds20
Adviser WARREN EQUITY PARTNERS MANAGER, L.P.	Hedge Fund-	Liquidity Fund-	Private Equity Fund5.2b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV5.2b	AUM5.2b	#Funds51
Adviser BBAM US LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund7.5b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV7.5b	AUM4.5b	#Funds38
Adviser MIDOCEAN US ADVISOR, L.P.	Hedge Fund-	Liquidity Fund-	Private Equity Fund3.0b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV3.0b	AUM4.0b	#Funds8
Adviser BRENTWOOD PRIVATE EQUITY, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund2.9b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.9b	AUM3.3b	#Funds26
Adviser SEIDLER KUTSENDA MANAGEMENT COMPANY, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund7.7b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV7.7b	AUM5.4b	#Funds32
Adviser TAILWIND CAPITAL	Hedge Fund-	Liquidity Fund-	Private Equity Fund4.7b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV4.7b	AUM4.7b	#Funds25
Adviser LBC CREDIT PARTNERS	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.9b	Real Estate Fund-	Securitized Asset Fund405.4m	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.3b	AUM3.3b	#Funds12

Brochure Summary

Overview

A. Level Equity, a Delaware limited liability company formed in 2009, is a registered investment adviser located in New York, New York. The majority of the Firm is owned by Benjamin Levin (the “Principal”). B. The Firm provides investment advisory services to pooled investment vehicles (the “Funds”) and co‐investment vehicles (“Co‐invests” collectively with the Funds, “Clients”). Level Equity provides discretionary investment management services to the Clients in accordance with the applicable limited partnership agreements, investment management agreements, operating agreements, offering memoranda and other such agreements (the “Governing Documents”). The Governing Documents of the Funds typically allow the general partners (“General Partners”) to establish one or more Co‐invests to facilitate additional investment by investors who may or may not be investors in the Funds in some or all of the investments made by the Funds. The Firm has adopted policies and procedures to address co‐investment opportunities to investors and/or third parties which Level Equity believes to be suitable for co‐investment opportunities. Level Equity seeks to generate long‐term capital gains for its Clients. The Firm’s primary investment objective is to invest, through equity and debt interests, in rapidly growing, privately held, capital efficient businesses (“Portfolio Companies”) with the goal of increasing enterprise value primarily through growth.

Level Equity is affiliated with other entities that are General Partners to the Funds and managing members (“Managing Members”) to the Co‐invests. The General Partners and Managing Members delegate day‐to‐day management responsibilities for the Clients to Level Equity. The advisory services of Level Equity and Managing Members are described in this Brochure and in the related Governing Documents. The General Partners will rely upon the investment adviser registration of Level Equity in accordance with related SEC guidance. The information set forth herein regarding the investment advisory services provided by Level Equity shall also apply in respect of the General Partners and Managing Members unless specifically noted. C. Level Equity does not provide advisory services to underlying investors in the Clients. Such investors accept the terms of advisory services as set forth in each Client’s Governing Documents. The Firm expects to have broad investment authority with respect to the Clients and, as such, prospective investors should consider whether the investment objectives of the Clients are in line with their individual objectives and risk tolerance prior to investment. D. Level Equity does not participate in wrap fee programs. E. As of December 31, 2023, Level Equity managed $3,486,917,773 in regulatory assets on a discretionary basis. All of Level Equity’s regulatory assets under management are discretionary.

LEVEL EQUITY

Adviser Profile

Details

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

Similar advisers

Brochure Summary

Overview