9AT: PASSPORT CAPITAL, LLC

other names

PASSPORT CAPITAL, LLC
PASSPORT ADVISORS, LP (RELYING ADVISER)
PASSPORT HOLDINGS, LLC (RELYING ADVISER)

Adviser Profile

As of Date	06/27/2025
ADV Location	SAN FRANCISCO, CA, United States
Adviser Type - Large advisory firm
Number of Employees	10 -17%
of those in investment advisory functions	5
Registration	SEC, Approved, 01/23/2006
Other registrations (1)	California, Terminated, 02/17/2006

AUM^*	346,001,166 25%
of that, discretionary	346,001,166 25%
Private Fund GAV^*	346,001,166
Avg Account Size	24,714,369 -20%
SMA’s	No
Private Funds	29 20
Contact Info	415 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	Count3	GAV$
Fund TypePrivate Equity Fund	Count14	GAV$346,001,166
Fund TypeOther Private Fund	Count12	GAV$

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 JMC MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund211.9m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV211.9m	AUM211.9m	#Funds6
Adviser HARLAN CAPITAL PARTNERS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund324.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV324.0m	AUM324.0m	#Funds8
Adviser GENROCK CAPITAL MANAGEMENT, LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund257.6m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV257.6m	AUM257.6m	#Funds2
Adviser SKY ISLAND CAPITAL	Hedge Fund-	Liquidity Fund-	Private Equity Fund713.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV713.4m	AUM723.0m	#Funds8
Adviser EQUALITY ASSET MANAGEMENT	Hedge Fund-	Liquidity Fund-	Private Equity Fund519.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV519.4m	AUM519.4m	#Funds5
Adviser MIRABILIS MANAGEMENT COMPANY LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund550.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund300.0m	Other Fund-	Total Private Fund GAV1.1b	AUM771.9m	#Funds5
Adviser VALEAS CAPITAL PARTNERS	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.3b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.3b	AUM1.3b	#Funds16
Adviser GRAFINE CAPITAL HOLDINGS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund292.1m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV292.1m	AUM457.6m	#Funds3
Adviser FOCUSGROWTH ASSET MANAGEMENT, LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund320.1m	Real Estate Fund87.3m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV407.4m	AUM407.4m	#Funds14
Adviser GIP INVESTMENT ADVISER LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund479.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV479.0m	AUM445.1m	#Funds11

Brochure Summary

Overview

Passport Capital, LLC (“Passport”) is a global investment firm founded by John H. Burbank, III that has managed client assets since 2000. In 2020, Mr. Burbank partnered with Ken Wallace to launch Nimble Partners, LLC (“Nimble”). Mr. Burbank and Mr. Wallace are the principal officers of Nimble. Nimble facilitates direct investments in certain operating companies with technology-enabled business models (“Portfolio Companies”), which comprise the majority of its portfolios. Nimble also facilitates investments in venture capital funds and similar pooled investment vehicles (“Underlying Funds”), which in turn invest in Portfolio Companies. The Underlying Funds are generally advised by third-party investment managers (“Portfolio Managers”). Passport and Nimble share office space, and the Adviser employs 12 full-time employees. The Adviser’s business consists of serving as the investment manager of privately offered pooled investment vehicles (each individually, a “Fund” or “Client” and collectively, the “Funds” or “Clients”). Investment in the Funds is reserved for sophisticated investors

meeting certain eligibility requirements. Each Fund is generally governed by an operating agreement (each, an “Operating Agreement”) and an investment management agreement (each, an “IMA”) with terms of investment described in a private placement memorandum (each, a “PPM,” and collectively with the corresponding Operating Agreement, IMA and the Fund’s applicable form of subscription agreement, the “Fund Documents”). Acting in its capacity as investment manager of the Funds, the Adviser evaluates, facilitates and disposes of investments on their behalf. The Adviser tailors its services to each Fund in accordance with the Fund’s mandate, investment objectives and investment strategies, as set forth in the relevant Fund Documents. Subject to the relevant Fund Documents, there are no material restrictions on the types of investments or strategies that the Adviser may employ for a particular Fund. The Adviser does not participate in any wrap fee programs. As of December 31, 2023, the Adviser managed approximately $276,500,000 for the Funds, all of which is managed on a discretionary basis.

PASSPORT CAPITAL, LLC

Adviser Profile

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Brochure Summary

Overview