9AT: CAPROCK PARTNERS MANAGEMENT, INC.

other names

CAPROCK PARTNERS MANAGEMENT, INC.
CAPROCK PARTNERS

Adviser Profile

As of Date	03/31/2026
Registration	SEC, Approved, 01/28/2019
ADV Location	NEWPORT BEACH, CA, United States
Contact Info	949 xxxxxxx
Websites

AUM^*	1,517,162,010 -10%
of that, discretionary	1,517,162,010 -10%
Private Fund GAV^*	1,542,162,010 -3%
Avg Account Size	116,704,770 -10%
SMA’s	No
Private Funds	15

Adviser Type

- Large advisory firm

Number of Employees 50 -6%

of those in investment advisory functions 14 -7%

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

SEC Fund Type	Count	GAV
Fund TypePrivate Equity Fund	Count2	GAV$25,000,000
Fund TypeReal Estate Fund	Count13	GAV$1,517,162,010

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 HOMESTEAD CAPITAL USA, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund1.6b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund500.0m	Total Private Fund GAV2.1b	AUM1.6b	#Funds7
Adviser BELVERON REAL ESTATE PARTNERS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund1.3b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.3b	AUM1.3b	#Funds41
Adviser OAKHURST ADVISORS	Hedge Fund-	Liquidity Fund-	Private Equity Fund5.0m	Real Estate Fund206.0m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund30.5m	Total Private Fund GAV241.5m	AUM1.2b	#Funds18
Adviser CALMWATER CAPITAL	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund792.5m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV792.5m	AUM792.5m	#Funds6
Adviser ELION PARTNERS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund500.0m	Real Estate Fund1.2b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.7b	AUM1.4b	#Funds24
Adviser OREI ADVISORS LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund1.3b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund1.0b	Total Private Fund GAV2.3b	AUM2.2b	#Funds25
Adviser MAXIM CAPITAL GROUP, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund3.2b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV3.2b	AUM2.2b	#Funds16
Adviser WEST COAST FINANCIAL, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM1.8b	#Funds-
Adviser HCR WEALTH ADVISORS	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund2.3m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.3m	AUM2.0b	#Funds1
Adviser PENWOOD REAL ESTATE INVESTMENT MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund1.5b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.5b	AUM1.5b	#Funds7

Brochure Summary

Overview

CapRock Partners Management, Inc. (“CapRock” or the “Firm”), a California-based S-Corporation, commenced operations in 2009. CapRock is principally owned and controlled by Gerald Pharris, Patrick Daniels, and Jonathan Pharris. CapRock provides discretionary investment management services to private investment vehicles that are typically structured as limited partnerships (each a “Fund,” and collectively the “Funds”). CapRock’s primary investment strategy is to pursue various types of commercial and value-added real estate investments in the United States, with a particular focus on office and mixed-use properties. In addition to the Firm’s experience in commercial and real estate investments, certain CapRock affiliates have capabilities in commercial development and construction, as well as leasing and property management. CapRock pursues opportunities where the Firm will actively manage acquisitions and create value through the effective entitlement of vacant sites, the development of industrial buildings, unique leasing approaches, appropriate value-added development, strategic lease buyouts, loan restructuring, property renovation, financing strategies, and disposition structures. Generally, the Funds will seek to capitalize on situational real estate opportunities as described in more detail in Item 8. Investment advice is provided directly to each Fund itself and not to the individual investors in the Funds. CapRock tailors its advisory

services to the individual needs of each particular Fund, but not to the individual needs of underlying investors. CapRock manages the Funds in accordance with the investment objectives and limitations set forth in each Fund’s offering memoranda, governing documents, subscription agreements, side letters, and any investment management agreement between CapRock and each Fund (together, “Operative Documents”). In accordance with common industry practice, a Fund or its general partner may from time to time enter into a “side letter” or similar agreement with an investor pursuant to which the Fund or its general partner grants the investor specific rights, benefits or privileges that are not generally made available to all fund investors. CapRock has entered into agreements, commonly known as “side letters,” with certain investors under which CapRock waives or modifies the application of certain investment terms applicable to such investors, without obtaining the consent of any other investor in the Fund (other than an investor whose rights would be materially and adversely affected by the waiver or modification). See “Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss” below for more details. CapRock does not currently participate in wrap fee programs. As of December 31, 2023, CapRock managed approximately $1,597,166,830 of regulatory assets on a discretionary basis. CapRock does not currently manage any assets on a non-discretionary basis.

CAPROCK PARTNERS MANAGEMENT, INC.

Adviser Profile

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