9AT: BANGTAIL MANAGEMENT, LP

Adviser Profile

As of Date	01/02/2025
Registration status	Terminated
ADV Location	STEAMBOAT SPRINGS, CO, United States
Contact Info	970 xxxxxxx
Websites

AUM^*	156,655,176 -10%
of that, discretionary	156,655,176 -10%
Number of Employees	32 -11%
of those in investment advisory functions	8
Private Fund GAV^*	0
Avg Account Size	156,655,176 -10%
SMA’s	No
Private Funds	0 1

Adviser Type

- Large advisory firm
- Related adviser

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

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 PANDION ASSET MANAGEMENT, LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM90.1m	#Funds-
Adviser CW INDUSTRIAL PARTNERS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund283.9m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV283.9m	AUM283.9m	#Funds5
Adviser PGP ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund222.8m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV222.8m	AUM222.8m	#Funds1
Adviser CICC ALPHA INVESTMENT MANAGEMENT (USA), LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund175.1m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV175.1m	AUM175.1m	#Funds1
Adviser EDEN CAPITAL MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund209.6m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV209.6m	AUM283.8m	#Funds3
Adviser LAKE WHILLANS CAPITAL PARTNERS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund311.9m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV311.9m	AUM311.9m	#Funds5
Adviser WARDROOM PARTNERS	Hedge Fund-	Liquidity Fund-	Private Equity Fund193.6m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV193.6m	AUM205.6m	#Funds23
Adviser PRESTIGE WEALTHWIDE, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM198.5m	#Funds-
Adviser LIGHTVIEW CAPITAL, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund163.9m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV163.9m	AUM157.6m	#Funds7
Adviser VICTOR CAPITAL PARTNERS	Hedge Fund-	Liquidity Fund-	Private Equity Fund491.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV491.0m	AUM491.0m	#Funds9

Brochure Summary

Overview

Bangtail Management, LP (“Bangtail”, or the “Adviser”) is a Delaware limited partnership that provides discretionary investment advisory services to a privately offered investment fund that invests in a variety of real estate assets. The Adviser commenced operations in 2021 and is owned and controlled by Michael Craig-Scheckman, Scott Burg and Brad Craig. The Adviser is an affiliate of Deer Park Road Management, LP (“Deer Park Road”), an SEC-registered investment adviser. Adviser and Deer Park Road share office space and have separate but substantially similar policies and procedures. The Adviser and Deer Park Road utilize the same personnel and systems. The Adviser aims to identify attractive investment opportunities in the single family residential real estate market by purchasing and offering properties to rent. The Adviser focuses on acquiring, holding, managing, leasing, operating, maintaining, improving, developing, constructing, redeveloping, renovating, remediating, financing, refinancing, transferring and disposing of single family residential real estate. The Adviser aims to identify attractive opportunities using technological innovation provided by third party service providers in order to enhance purchasing and renting efficiencies. The Adviser manages

a privately offered pooled investment vehicle, Flywheel SFR Fund I LP (the “Fund” or the “Client”), a Delaware limited partnership launched in January of 2022 with commitments of $165 million. Commitments for the Fund were supplied by a seed investor (the “Seed Investor”) and an affiliate of the Adviser. In return for its commitment, the Seed Investor received an interest in the general partner of the Fund (the “Fund General Partner”) and an interest in certain management fees payable to the Adviser for this Fund and certain future funds. As of December 31, 2023, the Adviser managed approximately $107 million of assets (calculated as net asset value of funds managed by the Adviser as of December 31, 2023) on a discretionary basis, and the Adviser and its affiliate Deer Park Road together managed approximately $3.1 billion of assets (calculated as net asset value of all funds managed by the Adviser and its affiliates as of December 31, 2023) on a discretionary basis. The Adviser does not manage any assets on a non- discretionary basis. The Manager does not manage wrap fee programs. “Regulatory Assets Under Management,” as that term is defined by the SEC, were $4 billion on a discretionary basis firmwide as of December 31, 2023, which includes committed capital.

BANGTAIL MANAGEMENT, LP

BANGTAIL MANAGEMENT, LP

BANGTAIL MANAGEMENT GP LLC

FLYWHEEL SFR FUND I GP LLC

DEER PARK ROAD

DEER PARK

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Brochure Summary

Overview

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BANGTAIL MANAGEMENT, LP BANGTAIL MANAGEMENT, LP BANGTAIL MANAGEMENT GP LLC FLYWHEEL SFR FUND I GP LLC DEER PARK ROAD DEER PARK

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Brochure Summary

Overview

BANGTAIL MANAGEMENT, LP

BANGTAIL MANAGEMENT, LP

BANGTAIL MANAGEMENT GP LLC

FLYWHEEL SFR FUND I GP LLC

DEER PARK ROAD

DEER PARK