9AT: BRAHMA MANAGEMENT LLC

other names

BRAHMA MANAGEMENT LLC
BRAHMA MANAGEMENT LTD.

Adviser Profile

As of Date	09/30/2025
Adviser Type - Large advisory firm
Number of Employees	4
of those in investment advisory functions	2
Registration	SEC, Approved, 06/16/2008

AUM^*	277,286,258 -1%
of that, discretionary	277,286,258 -1%
Private Fund GAV^*	277,286,258
Avg Account Size	55,457,252 -1%
SMA’s	No
Private Funds	5
Contact Info	212 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

Accounting Firm Name	Filing Date	Form ADV-E
Accounting Firm Name ERNST & YOUNG, LLP	Filing Date10/22/2025	Form ADV-E View Report
Accounting Firm Name ERNST & YOUNG, LLP	Filing Date01/24/2025	Form ADV-E View Report
Accounting Firm Name ERNST & YOUNG, LLP	Filing Date10/26/2023	Form ADV-E View Report
Accounting Firm Name ERNST & YOUNG, LLP	Filing Date10/28/2022	Form ADV-E View Report

Fund Type	Count	GAV
Fund TypePrivate Equity Fund	Count1	GAV$62,919,055
Fund TypeReal Estate Fund	Count4	GAV$214,367,203

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 RIOBLANCO PARTNERS, LLC	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 ACTIVUM SG CAPITAL MANAGEMENT LIMITED	Hedge Fund-	Liquidity Fund-	Private Equity Fund90.6m	Real Estate Fund1.1b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.2b	AUM-	#Funds21
Adviser SAFANAD INC.	Hedge Fund-	Liquidity Fund-	Private Equity Fund522.7m	Real Estate Fund711.2m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.2b	AUM1.2b	#Funds47
Adviser WINTHROP CAPITAL ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund16.9m	Real Estate Fund142.4m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV159.3m	AUM174.4m	#Funds4
Adviser SORTIS FUND MANAGER, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund10.3m	Real Estate Fund12.6m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV22.8m	AUM193.8m	#Funds4
Adviser NATURAL CAPITAL	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 ABRDN ALTERNATIVE FUNDS LIMITED	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund6.9m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV6.9m	AUM-	#Funds1
Adviser EQT SERVICES (UK) LIMITED	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund59.2m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV59.2m	AUM-	#Funds2
Adviser ACRE MANAGER, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund3.6b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV3.6b	AUM3.6b	#Funds28
Adviser CAPITAL SOLUTIONS	Hedge Fund-	Liquidity Fund-	Private Equity Fund5.0m	Real Estate Fund137.2m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV142.2m	AUM-	#Funds17

Brochure Summary

Overview

Brahma Management LLC (“Brahma Management" or the "Adviser”) serves as the discretionary investment manager to a series of investment vehicles (“Clients”) focused on investment into India. The Adviser was founded in 2005 and its principal owner is Mr. Gulbir Madan. Brahma Management offers equity and long-term fixed asset investment advisory services. Although the Adviser is authorized to enter into any type of investment transaction that it deems appropriate for its Clients, pursuant to the terms of the specific Client’s confidential information memorandum and other governing documents, the overwhelming majority of investments by its Clients involve the acquisition, ownership and investment in real estate assets and real estate related businesses in or related to India, acquiring and owning private equity investments, and other equity related investments in private companies in, or doing business related to, India, and investing

and trading in publicly traded equity and/or equity-related securities of companies in, or doing business related to, India. Investment advice is provided directly to the Clients and not individually to the limited partners or shareholders (together referred to as “Investor” or “Investors”) of the Clients. The Adviser manages the assets of the Clients in accordance with the terms of the governing documents applicable to the Clients. The Adviser sets out an investment strategy for the Clients which is presented to the Investors of the Clients prior to Investors subscribing to/investing into the Clients. Some Investors in some Clients have specific lists of securities which the Adviser is restricted from purchasing. As of December 31, 2023, the Adviser managed the assets of 5 Clients with regulatory assets under management of approximately $279,975,954. The Adviser manages 100% of these assets on a discretionary basis.

BRAHMA MANAGEMENT LLC

Adviser Profile

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Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

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Brochure Summary

Overview