9AT: FIVE ARROWS MANAGERS (USA) LLC

other names

FIVE ARROWS MANAGERS (USA) LLC
FIVE ARROWS MANAGER (US) LLC
ROTHSCHILD & CO

Adviser Profile

As of Date	03/27/2025
ADV Location	NEW YORK, NY, United States
Adviser Type - Large advisory firm
Number of Employees	42 83%
of those in investment advisory functions	40 100%
Registration	SEC, Approved, 04/27/2018
Other registrations (1)	SEC, ERA - Withdrawn, 03/28/2018

AUM^*	993,690,003 19%
of that, discretionary	993,690,003 27%
Private Fund GAV^*	311,884,395
Avg Account Size	248,422,501 27%
SMA’s	No
Private Funds	4 1
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	Count3	GAV$311,884,395
Fund TypeOther Private Fund	Count1	GAV$

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 UNION CAPITAL ASSOCIATES, L.P.	Hedge Fund-	Liquidity Fund-	Private Equity Fund721.5m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV721.5m	AUM721.5m	#Funds7
Adviser MPE PARTNERS	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.4b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.4b	AUM1.4b	#Funds10
Adviser MONOGRAM CAPITAL MANAGEMENT, L.P.	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.5b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.5b	AUM1.8b	#Funds39
Adviser ELLSWORTH ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund30.6m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV30.6m	AUM1.4b	#Funds9
Adviser HIDDEN HARBOR CAPITAL MANAGEMENT, 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	AUM2.2b	#Funds12
Adviser RC CAPITAL	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.1b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.1b	AUM682.1m	#Funds13
Adviser GODWIN CAPITAL GROUP, LLC	Hedge Fund50.5m	Liquidity Fund-	Private Equity Fund94.7m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund40.2m	Total Private Fund GAV185.3m	AUM1.1b	#Funds18
Adviser IRONWOOD CAPITAL ADVISORS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund903.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV903.0m	AUM903.0m	#Funds10
Adviser CREDIT SUISSE SECURITIES (USA) LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM805.3m	#Funds-
Adviser LEGACY PARTNERS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund902.7m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV902.7m	AUM777.9m	#Funds10

Brochure Summary

Overview

Advisory Services 4. A. Advisory Firm Description Five Arrows Managers (USA) LLC (“Five Arrows USA” or the “Adviser”) was formed in April of 2017. Five Arrows USA is directly owned by Rothschild & Co Investment Managers SA (formerly known as PO Participations S.A. and conducts business under Five Arrows USA). Rothschild & Co Investment Managers (“R&Co IM”) is a Luxembourg- based registered investment adviser, is majority owned by K Developpement SAS, a subsidiary of Rothschild & Co SCA (“Rothschild & Co”). Rothschild & Co (formerly known as Paris Orleans SCA), is a global financial services organization that was founded in the 18th century by members of the Rothschild family and is listed on the Euronext Paris exchange. The principal owners who, directly or indirectly, own or have an ownership interest of 25% or more of Five Arrows USA are listed below:
• Rothschild & Co SA
• K Developpement SAS
• Rothschild & Co Investment Managers 4.B. Types of Advisory Services The Adviser currently provides investment management services to private equity funds and is also a portfolio manager to additional private equity funds managed by R&Co IM (collectively, the “Funds"). The Funds have not been offered or sold via a public offering. Five Arrows USA's primary investment strategy for the Funds involves investments in the Healthcare, Data and Software and Technology Enabled Services sectors. The investment objective of the Funds is to build on the investment strategy deployed by European private equity funds, formed by Rothschild & Co

Merchant Banking (“RMB”), a division of Rothschild & Co. The Adviser may also offer investment management services to other funds or accounts. Persons reviewing this Brochure should not construe this as an offering of securities or a solicitation to purchase shares in any of the Funds described herein, which will only be made pursuant to the delivery of a private placement memorandum to eligible investors. 4.C. Client Investment Objectives/Restrictions Each Fund is managed in accordance with that Fund’s specific investment objective, strategy, and restrictions and are not tailored to the individualized needs of any one investor (each, an “Investor”). Investors may not impose restrictions on investments, and therefore, should consider whether an investment in the Funds meets their investment objectives and risk tolerance prior to investing. Information about the Funds can be found in the offering documents. These will be made available to qualified current and prospective Investors only through Five Arrows USA or another authorized party. 4.D. Wrap-Fee Programs The Adviser does not participate in, nor is it a sponsor of, any wrap fee programs. 4.E. Assets Under Management as of December 31, 2022 As of December 31, 2023, Five Arrows USA managed 835,291,865in discretionary assets under management and $0 in non-discretionary assets under management. This amount was calculated consistent with the method used to calculate regulatory assets under management. Five Arrows USA does not manage any client assets on a non- discretionary basis.

FIVE ARROWS MANAGERS (USA) LLC

Adviser Profile

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Brochure Summary

Overview