9AT: SPP CREDIT ADVISORS LLC

Adviser Profile

As of Date	08/28/2026
Registration	SEC, Approved, 06/14/2021
Other registrations (1)	SEC, ERA - Withdrawn, 05/11/2021
Former registrations	SPP JV OPCO I LLC
Contact Info	212 xxxxxxx
Websites

AUM^*	15,396,879 -85%
of that, discretionary	15,396,879 -85%
Number of Employees	7
of those in investment advisory functions	6
Private Fund GAV^*	0
Avg Account Size	3,849,220 -77%
SMA’s	No
Private Funds	0

Adviser Type

- Related adviser

Client Types

- Insurance companies

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

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

Accounting Firm Name	Filing Date	Form ADV-E
Accounting Firm Name FGMK	Filing Date08/22/2024	Form ADV-E View Report

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 ISO-MTS CAPITAL MANAGEMENT LP	Hedge Fund147.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV147.2m	AUM1.5b	#Funds3
Adviser GRITSTONE ASSET MANAGEMENT LLC	Hedge Fund16.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV16.3m	AUM114.9m	#Funds1
Adviser BLUESTONE CAPITAL MANAGEMENT, LLC	Hedge Fund31.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV31.8m	AUM390.1m	#Funds1
Adviser VANTAGE CONSULTING GROUP INC	Hedge Fund-	Liquidity Fund-	Private Equity Fund216.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund2.1m	Other Fund112.9m	Total Private Fund GAV333.1m	AUM246.3m	#Funds12
Adviser NEW MOUNTAIN FINANCE ADVISERS, L.L.C.	Hedge Fund-	Liquidity Fund-	Private Equity Fund294.9m	Real Estate Fund918.5m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.2b	AUM11.2b	#Funds17
Adviser HARVEY PARTNERS, LLC	Hedge Fund143.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV143.3m	AUM1.2b	#Funds2
Adviser STERLING 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-	AUM69.2b	#Funds-
Adviser FOREST INVESTMENT ASSOCIATES	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund1.3b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.3b	AUM5.2b	#Funds6
Adviser PIER 88 INVESTMENT PARTNERS, LLC	Hedge Fund13.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund60.9m	Other Fund-	Total Private Fund GAV135.0m	AUM568.0m	#Funds8
Adviser THRIVENT FINANCIAL FOR LUTHERANS	Hedge Fund-	Liquidity Fund-	Private Equity Fund450.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund104.9m	Total Private Fund GAV554.9m	AUM128.7b	#Funds11

Brochure Summary

Overview

Structure; History and Ownership SPP Credit Advisors LLC (the “Adviser”), a Delaware limited liability company commenced operations in March 2021. Its principal place of business is New York, NY. The Adviser is wholly owned by its member, SPP JV Holdco, LLC (“JV Holdco”), a Delaware limited liability company. JV Holdco is owned by SPP Holdings, LLC (“SPP Holdings”), SPP Principal Investors II, LLC (“SPP Principal”), Confluence LLC, (“Confluence”) and PACA-SPP LLC (“PACA”). PACA is owned by Advantage Capital Holdings LLC. Kenneth King is the controlling member of Advantage Capital Holdings, LLC. The Adviser has entered into a Management Services Agreement with SPP Capital Partners, LLC (“SPP Capital”), an affiliate of the Adviser, pursuant to which SPP Capital will provide consulting, management and Advisory services for the Adviser as the Adviser requires to perform its services to its clients. The Adviser has an investment committee made up of up to five individuals appointed by PACA, Confluence and SPP Principal. Types of Advisory Services The Adviser has been engaged as a sub-Adviser by Advantage Capital Management LLC (“ACAP”) to provide discretionary investment Advisory services intended for institutional and other sophisticated investors. Currently, the Adviser has a private fund, SPP Opportunities, LLC (the “Fund ”,) and 5 insurance

company for which it provides continuous discretionary Advisory services. ACAP may retain the Adviser to manage investments for other institutional investors (‘Other Clients”). The Adviser provides continuous Advisory services to the Fund, as described in more detail below, with respect to privately negotiated debt investments in lower middle market companies. The investment objective of the Adviser is to seek attractive risk-adjusted returns for its clients by generating interest income from debt investments exceeding the cost of capital. The Adviser’s focus is to invest in companies with enterprise values between $50 million and $300 million, and with EBITDA between $5 million and $20 million. The size of each investment will range from $10 million to $30 million, but, on an opportunistic basis, the Adviser may exceed this range. The Adviser’s services include: 1. Identification, evaluation and assessment of potential investments; 2. Performance of due diligence of any potential investment; 3. Negotiation of the terms and execution of the purchase of any investment; 4. Monitor and administer performance of investments owned by the Fund or Other Clients. Assets Under Management As of December 31, 2023, the Adviser managed a total of $100,961,631 of investments in negotiated private debt and cash. All are managed on a discretionary basis.

SPP CREDIT ADVISORS LLC

SPP CREDIT ADVISORS LLC

SPP JV OPCO I LLC

SPP CREDIT PARTNERS

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Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

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SPP CREDIT ADVISORS LLC SPP CREDIT ADVISORS LLC SPP JV OPCO I LLC SPP CREDIT PARTNERS

Related Companies

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Form ADV-E Surprise Examination Reports

Similar advisers

Brochure Summary

Overview

SPP CREDIT ADVISORS LLC

SPP CREDIT ADVISORS LLC

SPP JV OPCO I LLC

SPP CREDIT PARTNERS