9AT: NORTHRIM ADVISER, LLC

other names

Adviser Profile

As of Date	03/18/2024
Adviser Type - Large advisory firm
Number of Employees	6 100.00%
of those in investment advisory functions	6 100.00%
Registration	SEC, Approved, 04/03/2023
Other registrations (10)	SEC, ERA - Withdrawn, 03/03/2023 Arizona, ERA - Withdrawn, 03/03/2023 California, ERA - Withdrawn, 03/03/2023 New York, ERA - Withdrawn, 03/03/2023 Utah, ERA - Withdrawn, 03/03/2023 SEC, ERA - Active, 12/10/2019 Arizona, ERA - Active, 12/10/2019 California, ERA - Active, 12/10/2019 New York, ERA - Active, 12/10/2019 Utah, ERA - Active, 12/10/2019
Former registrations	NORTHRIM ADVISER, LLC

AUM^*	261,000,000 33.85%
of that, discretionary	261,000,000 33.85%
Private Fund GAV^*	261,000,000
Avg Account Size	130,500,000 33.85%
SMA’s	No
Private Funds	2
Contact Info	480 xxxxxxx
Websites

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

Fund Type	Count	GAV
Fund TypePrivate Equity Fund	Count2	GAV$261,000,000

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 PIPER HEARTLAND HEALTHCARE CAPITAL, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund232.3m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV232.3m	AUM232.3m	#Funds1
Adviser LIONTREE PARTNERS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund167.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV167.4m	AUM167.4m	#Funds11
Adviser NEXXUS HOLDINGS ADVISORS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund151.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV151.0m	AUM151.2m	#Funds3
Adviser RHO ACCELERATION	Hedge Fund-	Liquidity Fund-	Private Equity Fund185.2m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV185.2m	AUM185.2m	#Funds5
Adviser LUMOS CAPITAL GROUP LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund244.3m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV244.3m	AUM244.3m	#Funds6
Adviser ALTMORE CAPITAL INVESTMENT MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund192.2m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV192.2m	AUM192.2m	#Funds8
Adviser OUTFITTER ENERGY MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund149.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV149.4m	AUM149.4m	#Funds1
Adviser KANBRICK LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund223.3m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV223.3m	AUM223.3m	#Funds1
Adviser INNOVAHEALTH PARTNERS	Hedge Fund-	Liquidity Fund-	Private Equity Fund210.3m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV210.3m	AUM213.2m	#Funds11
Adviser GREENRIDGE GROWTH PARTNERS	Hedge Fund-	Liquidity Fund-	Private Equity Fund265.7m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV265.7m	AUM265.7m	#Funds5

Brochure Summary

Overview

Northrim is an investment management firm with its principal place of business located in Mesa, Arizona. The Firm is a Delaware limited partnership founded in October 2019. The Firm is directly and/or indirectly majority owned by Bradley Gulbrandsen. For more information about the Adviser and the principal owners of the Firm, please review Schedule A and Schedule B of the Form ADV Part 1A. Northrim serves as an investment manager and provides investment advisory or portfolio management services on a discretionary basis to privately offered pooled investment vehicles (each, a "Fund" or “Partnership” or, collectively, the "Funds" or “Partnerships”). The Funds are exempt from registration as investment companies under the Investment Company Act of 1940, as amended (the “IC Act”), in reliance upon one or more exclusions or exemptions thereunder. The Funds are typically structured as limited partnerships and each has a general partner (or similar persons or entities, each, a “General Partner” or collectively, the "General Partners"). Each General Partner is an affiliate of Northrim. Northrim provides investment advisory services or portfolio management services to the Funds based on the particular investment objectives and strategies described in the relevant Fund’s confidential subscription document (“Subdoc”), limited partnership

agreement (“LPA”) among the relevant General Partner and the relevant Fund’s limited partners (“Limited Partners”) and other governing documents (referred to collectively as “Offering Documents”). The Adviser, through its clients (i.e. Funds), seeks to achieve superior risk adjusted investment returns for investors by capitalizing on uncompetitive opportunities with lower and middle market companies by acquiring, directly or indirectly, holding for investment, converting and distributing or otherwise disposing of Securities. The Partnership will raise funds from investors and use the funds to invest in capital stock of Northrim Horizon Holdings Corp. (the “Holding Company”), a Delaware C corporation. The Holding Company will, in turn, pay fees and expenses as well as make Portfolio Investments and acquire Portfolio Companies directly or through one or more wholly‐owned subsidiaries. Northrim’s investment management and advisory services or portfolio management services to the Funds are provided pursuant to the terms of the Offering Documents and investors in the Funds cannot obtain services tailored to their individual specific needs. Northrim does not participate in a wrap fee program. As of registration, Northrim manages approximately $185,000,000 in client assets on a discretionary basis. Northrim does not manage any client’s assets on a non‐discretionary basis.

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NORTHRIM ADVISER, LLC

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