9AT: STEBEN & COMPANY, LLC

Adviser Profile

As of Date	02/17/2026
Registration	SEC, Approved, 09/13/2005
ADV Location	EXCELSIOR, MN, United States
Contact Info	952 xxxxxxx
Websites

AUM^*	69,181,112 -42%
of that, discretionary	69,181,112 -42%
Number of Employees	8
of those in investment advisory functions	7
Private Fund GAV^*	0
Avg Account Size	69,181,112 -42%
SMA’s	No
Private Funds	0

Adviser Type

- Mid-sized advisory firm

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles
- Selection of other advisers

Compensation Arrangments

- A percentage of assets under your management

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 WOODBOURNE INVESTMENT MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM5.1m	#Funds-
Adviser E CAPITAL MANAGEMENT L.P.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM4.1b	#Funds-
Adviser CORRIGO INVESTMENT PARTNERS, LLC	Hedge Fund707.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV707.2m	AUM707.2m	#Funds3
Adviser REDDING RIDGE ASSET MANAGEMENT (UK) LLP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund13.4b	Venture Capital Fund-	Other Fund-	Total Private Fund GAV13.4b	AUM13.2b	#Funds29
Adviser FEG PRIVATE INVESTORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund434.6m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund1.0b	Total Private Fund GAV1.5b	AUM1.5b	#Funds30
Adviser OPPENHEIMERFUNDS INC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund827.7k	Total Private Fund GAV827.7k	AUM827.7k	#Funds2
Adviser SCP INVESTMENT, LP	Hedge Fund1.2b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.2b	AUM1.2b	#Funds13
Adviser NEWVIEW CAPITAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund3.9b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund125.7m	Other Fund-	Total Private Fund GAV4.1b	AUM3.9b	#Funds29
Adviser NEWPORT ASIA LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund120.1m	Total Private Fund GAV120.1m	AUM120.1m	#Funds4
Adviser H. BARTON ASSET MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund296.6m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund1.2b	Total Private Fund GAV1.5b	AUM1.5b	#Funds15

Brochure Summary

Overview

Steben & Company, LLC was founded in 1989, and is an investment advisory firm specializing in alternative investments. With over 30 years of experience, Steben & Company provides discretionary investment management and advisory services, together with investment management products, to financial advisors and institutions. Steben & Company is registered with the Securities and Exchange Commission (SEC) as an investment adviser. We also are registered with the Commodity Futures Trading Commission (CFTC) as a commodity pool operator (CPO) and swap firm. We are a member of the National Futures Association (NFA). Registration with the SEC or other regulators does not imply a certain level of skill or training. Steben & Company is organized as a Maryland limited liability company and its principal place of business is located at 687 Excelsior Blvd. Excelsior, MN 55331. As of December 31, 2023, Steben & Company had responsibility for managing in excess of $119 million in assets for its advisory clients. As of December 31, 2023, Steben & Company’s regulatory assets under management were approximately $119 million. Octavus Group, LLC is the sole shareholder of Steben & Company. Steben & Company currently sponsors and manages

as General Partner one privately offered managed futures limited partnership, the LoCorr Futures Portfolio Fund, L.P. (the “Fund”). However, the information presented in this brochure relates only to the investment advisory services involving securities. The Fund Steben & Company serves as the general partner of the LoCorr Futures Portfolio Fund, L.P., a Regulation D 506(b) privately offered managed futures fund. Our advisory services to the Fund consist of managing, either directly or through the efforts of other registered investment advisory firms, the excess margin and other cash assets of the Fund, by investing these assets in high quality, fixed income securities. To assist in this process, Steben & Company has created cash management guidelines to be followed by each such firm in carrying out its function. Steben & Company currently utilizes a third-party advisory firm to carry out the day-to-day management of the fixed income assets of the Fund, pursuant to the limited partnership agreement between Steben & Company and the Fund. Steben & Company is registered with the CFTC and a member of the NFA with respect to its advisory services to the Fund. 5 | P a g e Steben & Company, LLC Form ADV Part 2A: Brochure

STEBEN & COMPANY, LLC

STEBEN & COMPANY, LLC

STEBEN & COMPANY, INC.

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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STEBEN & COMPANY, LLC STEBEN & COMPANY, LLC STEBEN & COMPANY, INC.

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Brochure Summary

Overview

STEBEN & COMPANY, LLC

STEBEN & COMPANY, LLC

STEBEN & COMPANY, INC.