9AT: INVESTMENT RESEARCH PARTNERS

other names

INVESTMENT RESEARCH PARTNERS
INVESTMENT RESEARCH PARTNERS LLC
NEW LANTERN ADVISORS

Adviser Profile

As of Date	03/26/2026
Registration	SEC, Approved, 06/24/2019
ADV Location	LEMONT, PA, United States
Contact Info	814 xxxxxxx
Websites

AUM^*	512,374,995 38%
of that, discretionary	427,302,171 16%
Private Fund GAV^*	85,072,824 10%
Avg Account Size	641,270 18%
SMA’s	Yes
Private Funds	3

Adviser Type

- Large advisory firm

Number of Employees 6

of those in investment advisory functions 4

Client Types

- Pooled investment vehicles
- Other investment advisers

Advisory Activities

- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses

Compensation Arrangments

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

SEC Fund Type	Count	GAV
Fund TypeHedge Fund	Count3	GAV$85,072,824

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 GORDIAN WEALTH ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM488.7m	#Funds-
Adviser STONEPINE CAPITAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM347.8m	#Funds-
Adviser ATEGRA CAPITAL MANAGEMENT, LLC	Hedge Fund185.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV185.2m	AUM190.2m	#Funds2
Adviser BENGAL ASSET MANAGEMENT, LLC	Hedge Fund197.6m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV197.6m	AUM197.6m	#Funds4
Adviser SPRUCE POINT CAPITAL MANAGEMENT, LLC	Hedge Fund262.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV262.2m	AUM262.2m	#Funds3
Adviser LIVELLO CAPITAL MANAGEMENT LP	Hedge Fund221.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV221.3m	AUM265.2m	#Funds4
Adviser VENATOR MANAGEMENT LLC	Hedge Fund209.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV209.0m	AUM511.7m	#Funds1
Adviser LINEAR B PARTNERS LP	Hedge Fund1.5b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.5b	AUM1.5b	#Funds2
Adviser HOOK MILL CAPITAL PARTNERS, LP	Hedge Fund18.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV18.3m	AUM2.7b	#Funds2
Adviser DIVISADERO STREET CAPITAL MANAGEMENT, LP	Hedge Fund2.2b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.2b	AUM2.6b	#Funds2

Brochure Summary

Overview

Investment Research Partners LLC (“IRP”) provides sub-advisory and consulting services to other investment advisers (“Adviser Client”) in an effort to enhance Adviser Clients’ investment offerings. IRP has been in business as an independently registered investment adviser since June 2019. Investment Research Partners LLC is principally owned by Martin Wildy, Geoffrey Caber, Brett Greenfield and Derek Varner (“Principals”). IRP does utilize the business name “New Lantern Advisors” due to the New Lantern Hedged Equity Fund relationship further described in Item 10. Asset Management IRP provides discretionary sub-advisory services for Adviser Clients. In these instances, IRP enters into advisory agreements directly with the Adviser Client and IRP assists the Adviser Client in the implementation of investment portfolios. Under these arrangements, IRP is granted limited trading discretionary investment authority over assets the Adviser Client assigns to IRP. Any authority of IRP only applies to specific assets for which IRP has been appointed as the discretionary manager. IRP does not have any advisory responsibility to the client of the Adviser Client, beyond the assets for which IRP is appointed as a sub-advisor. Financial Consulting IRP may contract directly with and receive payments from other registered investment advisers to provide investment advisory consulting services to the clients of those contracted financial institutions. Such contractual

engagements do not include assuming discretionary authority over brokerage accounts or the monitoring of securities positions. Services offered to Adviser Clients may include a general review of client investments holdings, which may or may not result in an IRP investment adviser representative making specific securities recommendations or offering general investment advice. Additionally, Adviser Clients may receive customized model recommendation from IRP that the Adviser Client in their sole discretion may decide to implement. Consulting Services IRP may provide consulting services to Adviser Clients, private funds, and individuals that work at non-affiliated companies (including investment and non-investment related matters, including estate planning, retirement planning, tax planning, marketing consulting for private companies, etc.). Consulting services may also be offered to individuals at other investment advisors. Prior to engaging IRP to provide planning or consulting services, Adviser Clients and individuals are generally required to enter into a written agreement with IRP setting forth the terms and conditions of the engagement (including termination), describing the scope of the services to be provided, and the portion of the fee that is due from the Adviser Client and individuals prior to IRP commencing services. Assets Under Management As of December 31, 2023, IRP manages approximately $300,801,708 on a discretionary basis including FPIF and FGIF.

INVESTMENT RESEARCH PARTNERS

Adviser Profile

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