9AT: LISC FUND MANAGEMENT, LLC

other names

LISC FUND MANAGEMENT, LLC
LISC STRATEGIC INVESTMENTS

SEC Fund Type	Count	GAV
Fund TypePrivate Equity Fund	Count3	GAV$
Fund TypeReal Estate Fund	Count8	GAV$267,077,211
Fund TypeOther Private Fund	Count4	GAV$294,131,280

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 COLONY CAPITAL INVESTMENT ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund162.9m	Real Estate Fund173.4m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV336.2m	AUM336.2m	#Funds4
Adviser HSI - HEMISF�RIO SUL INVESTIMENTOS LTDA.	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 EQT SERVICES (UK) LIMITED	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 NATURAL CAPITAL	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 ABRDN ALTERNATIVE FUNDS LIMITED	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 ACRE MANAGER, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund4.7b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV4.7b	AUM4.7b	#Funds39
Adviser SORTIS FUND MANAGER, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund10.3m	Real Estate Fund12.6m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV22.9m	AUM202.0m	#Funds4
Adviser WINTHROP CAPITAL ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund621.0k	Real Estate Fund27.4m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV28.0m	AUM82.4m	#Funds3
Adviser BRAHMA MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund64.7m	Real Estate Fund178.9m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV243.6m	AUM243.6m	#Funds5
Adviser ARGOSY CAPITAL	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.5b	Real Estate Fund1.5b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund728.5m	Total Private Fund GAV3.8b	AUM3.7b	#Funds69

Brochure Summary

Overview

LISC Fund Management, LLC (“LFM”) was organized in March 2019 as a Delaware limited liability company with a principal place of business in New York, NY. Local Ini a ves Support Corpora on, a New York non-proﬁt corpora on (“LISC”) is the sole member of LFM. LFM operates within LISC Strategic Investments, a division of LISC. LFM, a Delaware limited liability company, ﬁled to do business as LISC Strategic Investments and discloses LISC Strategic Investments as another name under which LFM’s advisory business is conducted on LFM’s Form ADV Part 1A. Certain employees of LISC perform investment advisory func ons for LFM (“LFM Supervised Persons”). These individuals are included as employees of LFM for Form ADV Part 1 purposes as the instruc ons call for including individuals other than employees (e.g., independent contractors) providing investment advisory func ons for the investment adviser. Certain other LISC employees provide other than investment advisory func on support to LFM and are not included as “employees” or treated as LFM Supervised Persons. All LISC employees are subject to LISC supervision and policies and procedures. LFM is an investment adviser registered with the SEC under the Investment Advisers Act of 1940 (the “Advisers Act”). Registra on as an investment adviser does not imply that LFM or LFM Supervised Persons possess a par cular level of skill or training in the investment advisory business or any other business. We serve as the investment adviser, with discre onary trading authority, to private, pooled investment vehicles (“Funds” or “Clients”), the securi es of which are oﬀered through a private placement memorandum to accredited investors (“Fund Investors”),

as deﬁned under the Securi es Act of 1933, as amended, and qualiﬁed purchasers, as deﬁned under the Investment Company Act of 1940, as amended. We do not tailor our advisory services to the individual needs of any par cular Fund Investor. Supervised Persons have discre onary authority as part of a team and there is no direct client contact. Accordingly, pursuant to Form ADV instruc ons, a Form ADV Part 2B, Brochure Supplement has not been prepared. As of the me of this ﬁling, the following Funds are under LFM’s management:  The Bay’s Future Fund LLC, a Delaware limited liability company;  Black Economic Development Fund LLC, a Delaware limited liability company;  BFF Preservation Side Car LLC, a Delaware limited liability company;  Charlotte Housing Opportunity Investment Fund LLC, a Delaware limited liability company;  Community Housing Fund LLC, a Delaware limited liability company;  Detroit AHLF-CDFI Fund LLC, a Delaware limited liability company;  NY Forward Loan Fund Trust, a Delaware statutory trust;  Southern Opportunity and Resilience Fund LLC, Delaware limited liability company;  Entrepreneurs of Color Loan Fund LLC, Delaware limited liability company;  Charlotte Housing Opportunity Investment Fund II LLC, a Delaware limited liability company; and  Dallas Housing Opportunity Investment Fund LLC, a Delaware limited liability company. Our investment decisions and advice with respect to the Funds are subject to each Fund’s investment objec ves and guidelines, as set forth in each Fund’s respec ve “Oﬀering Documents”, as applicable. As of December 31, 2023, LFM managed $ 840 million in regulatory assets under management on a discre onary basis.

As of Date	04/01/2026
Registration	SEC, Approved, 12/14/2020
ADV Location	NEW YORK, NY, United States
Contact Info	212 xxxxxxx
Websites

AUM^*	614,556,668 -27%
of that, discretionary	614,556,668 -27%
Private Fund GAV^*	561,208,491 -35%
Avg Account Size	51,213,056 -33%
SMA’s	No
Private Funds	15 1

LISC FUND MANAGEMENT, LLC

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