9AT: GRATIA CAPITAL, LLC

GRATIA CAPITAL, LLC

GRATIA CAPITAL, LLC

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Adviser Profile

As of Date	09/04/2026
Registration status	Registration Changed to GRATIA CAPITAL, LLC
ADV Location	LOS ANGELES, CA, United States
Contact Info	310 xxxxxxx

AUM^*	185,835,116 39%
of that, discretionary	185,835,116 39%
Number of Employees	4 33%
of those in investment advisory functions	3
Private Fund GAV^*	0 -100%
Avg Account Size	46,458,779 39%
SMA’s	No
Private Funds	0 3

Adviser Type

- Large advisory firm

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

Reported AUM

186M 159M 133M 106M 80M 53M 27M

2022 2023 2024 2025 2026

Discretionary

Non-discretionary

Private Funds

GAV Count

Employees

Top Holdings

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Stck Ticker867981102	Stock NameSUNRISE RLTY TR INC	$ Position$2,680,904	% Position2.00%	$ Change3.00%	# Change0.00%
Stck Ticker266042407	Stock NameDUOS TECHNOLOGIES GROUP INC	$ Position$3,243,300	% Position2.00%	$ Change7.00%	# Change-39.00%

Brochure Summary

Overview

The Advisory Firm and its Principal Owners Gratia Capital, LLC is a Delaware limited liability company founded in April 2012. Gratia Capital is a multi-strategy, value and event-oriented asset management firm based in Los Angeles, California. Gratia Capital’s primary office is located at 11835 W Olympic Blvd, Suite 385, Los Angeles, CA 90064. Advisory Services Gratia Capital currently provides investment management services and discretionary investment advice to a private Fund (“The Fund”) and a sub-advisory account Client (“Sub-Advisory”) and may serve as investment adviser and/or sub-adviser to various other advisory clients, including separately managed accounts, fund of one account, and other private investment Fund (collectively, “Clients”). Advisory Services to Sub-Advisory Accounts Investments for Sub-Advisory account Clients, whether pooled investment vehicles, separately managed accounts, or fund of one accounts, are managed in accordance with the Clients’ investment objectives, strategies, restrictions and guidelines as set forth in the documents governing Gratia Capital’s relationship with such Clients or as otherwise communicated to Gratia Capital by the Clients. Depending

on the nature of the relationship, these services may include the investment and reinvestment of securities, cash and cash equivalents, futures and options held in a Client’s account. If a Client wishes to impose certain restrictions on investing in certain securities or types of securities or is prohibited by applicable law from investing in such securities or types of securities, Gratia Capital will address those requests on a case-by-case basis. Types of Services The investments of the Fund are managed in accordance with the investment objectives, strategies and guidelines applicable to the Fund and are not tailored to any particular Investor in the Fund (an “Investor”). Gratia Capital does not provide individualized investment advice to such Investors with respect to their investment in the Fund; therefore, Investors should consider whether the Fund meets their investment objectives, risk tolerance and financial situation. Wrap Fee Programs Gratia Capital does not participate in wrap fee programs. Regulatory Assets Under Management As of March 31, 2024, Gratia Capital manages approximately $133.6 million on a discretionary basis and $0 on a non-discretionary basis.