9AT: B-29 ADVISORS, LLC

B-29 ADVISORS, LLC

other names

B-29 ADVISORS, LLC

Adviser Profile

As of Date	09/05/2024
Registration status	Terminated
ADV Location	DALLAS, TX, United States
Contact Info	(94 xxxxxxx

AUM^*	348,101,359 -19%
of that, discretionary	348,101,359 -19%
Private Fund GAV^*	0
Avg Account Size	116,033,786 -19%
SMA’s	No
Private Funds	0 3

Adviser Type

- Large advisory firm

Number of Employees 7 -22%

of those in investment advisory functions 5 -17%

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Performance-based fees

Reported AUM

432M 370M 308M 247M 185M 123M 62M

2018 2019 2020 2021 2022 2023

Discretionary

Non-discretionary

Private Funds

GAV Count

Employees

Brochure Summary

Overview

B-29 Advisors, LLC (“B-29 Advisors”) is a limited liability company formed in Delaware in 2017. B-29 Advisors serves as a private equity investment adviser that provides investment management and advisory services to pooled private equity funds (“Private Funds”). Because the Private Funds are pooled investment vehicles, in general, underlying investors (the “Underlying Investors”) participate in each Private Fund’s investments on the same terms and conditions as set forth in the respective Private Fund’s governing documents. The Private Funds advised by B-29 Advisors invest funds in small to middle market companies focused on the energy sector. B-29 Advisors provides investment advisory services to B-29 Investments, LP, B-29 Holdings, LP, and Sunray Capital, LP. All of the Private Funds to which B- 29 Advisors provides advice are privately offered. B-29 Advisors’ advisory services include, primarily, investigating, identifying and evaluating investment opportunities, structuring, negotiating and making investments on behalf of the Private Funds, managing and monitoring the performance of such investments and disposing of such investments. An affiliate of B-29 Advisors serves as general

partner of each of the Private Funds, and each of these general partners is registered as a relying adviser of B-29 Advisors. Sunray Capital, LP is not actively seeking investment opportunities in new investment platforms for its portfolio, but may participate in follow-on investments. B-29 Advisors’ investment services are carefully tailored to the objectives of each Private Fund, but not to the objectives of Underlying Investors participating in those Private Funds. From time to time, investors that participate in the Private Funds, and others, may be offered an opportunity to make an investment along with, but separate from, the investments made by the Private Funds. Each investor is individually responsible for determining whether it wants to participate in such a co- investment opportunity, and B-29 Advisors does not provide advice as to the advisability of such co-investment opportunities. B-29 Advisors is wholly-owned by Schmitz & Schmitz Properties, Inc. (“Schmitz & Schmitz”). Schmitz & Schmitz is wholly-owned by John Schmitz, the President of B-29 Advisors. As of December 31, 2023, B-29 Advisors managed approximately $348 Million on a discretionary basis.