9AT: PLEASANT LAKE PARTNERS LLC

other names

PLEASANT LAKE PARTNERS LLC

Adviser Profile

As of Date	03/28/2025
ADV Location	RINCON, PR, United States
Adviser Type - Large advisory firm
Number of Employees	8 60%
of those in investment advisory functions	4
Registration	SEC, Approved, 07/28/2023
Other registrations (2)	SEC, ERA - Withdrawn, 06/30/2023 SEC, ERA - Active, 03/30/2022
Former registrations	PLEASANT LAKE PARTNERS LLC

AUM^*	1,613,983,111 27%
of that, discretionary	1,608,914,619 111%
Private Fund GAV^*	1,601,327,243
Avg Account Size	268,997,185 6%
SMA’s	No
Private Funds	5 2
Contact Info	804 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 TypeHedge Fund	Count4	GAV$1,424,587,775
Fund TypePrivate Equity Fund	Count1	GAV$176,739,468

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 ALMANACK INVESTMENT PARTNERS	Hedge Fund37.6m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund35.0m	Total Private Fund GAV72.6m	AUM773.4m	#Funds9
Adviser DENDUR CAPITAL LP	Hedge Fund1.1b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.1b	AUM1.4b	#Funds6
Adviser CARTENNA CAPITAL	Hedge Fund164.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV164.8m	AUM1.6b	#Funds5
Adviser FERNBRIDGE CAPITAL MANAGEMENT LP	Hedge Fund1.9b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.9b	AUM1.9b	#Funds3
Adviser KAIZEN CAPITAL PARTNERS LIMITED	Hedge Fund182.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV182.2m	AUM271.3m	#Funds3
Adviser DSC MERIDIAN CAPITAL LP	Hedge Fund765.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV765.9m	AUM1.4b	#Funds8
Adviser TOTH FINANCIAL ADVISORY CORP	Hedge Fund37.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV37.9m	AUM1.2b	#Funds1
Adviser MARK ASSET MANAGEMENT LP	Hedge Fund477.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV477.9m	AUM1.1b	#Funds2
Adviser THE CYPRESS FUNDS LLC	Hedge Fund804.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV804.5m	AUM804.5m	#Funds3
Adviser NUVERSE ADVISORS LLC	Hedge Fund844.1m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV844.1m	AUM963.7m	#Funds2

Brochure Summary

Overview

Pleasant Lake Partners LLC, a Delaware limited liability company (“PLP” or the “Firm”), commenced operations in 2012. As of the date of this Brochure, the principal owner of PLP is Jonathan P. Lennon. Mr. Lennon is also the Founder, CEO and Portfolio Manager (the “Portfolio Manager”) of PLP. PLP currently offers discretionary investment advisory services to pooled investment vehicles which are operated as private funds (each a “Fund” or “Client” and collectively the “Funds” or “Clients”). As of the date of this Brochure, the Funds include:
• Pleasant Lake Onshore Feeder Fund LP
• PLP Drawdown, LP
• Cassini Partners, L.P. - Pleasant Lake Partners, LLC Series PLP is a global long/short equity firm making both public and private investments primarily focused on the consumer, telecom, media, and technology sectors. PLP may also provide investment advisory services to certain client relationships that are structured as separately managed accounts, or may create new Clients or Funds in the future, in addition to the Funds listed in this Brochure; these other relationships may have different structures, investment strategies, and fee structures than what

is described in this Brochure. The investment objectives and strategy for the Funds are described in the relevant private placement memoranda, limited partnership agreements, subscription agreements, and other such agreements (each a “Governing Document” and collectively “Governing Documents”). PLP provides investment management services based on the specific investment objectives and strategies of the respective Fund and not individually to Fund investors (each an “Investor” and collectively “Investors”). Since the Firm does not provide tailored advice to its underlying Investors, such Investors should consider whether the investment strategies are in line with their risk tolerance. In accordance with common industry practice, a Fund may enter into side letter agreements or other similar agreements (“Side Letters”) providing Investors with additional and/or different rights, benefits, and privileges that are not generally made available to all Investors. PLP does not participate in wrap fee programs. As of December 31, 2023, PLP managed approximately $1,268,751,079 of regulatory assets under management on a discretionary basis. PLP does not manage any assets on a non- discretionary basis.

PLEASANT LAKE PARTNERS LLC

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