9AT: INVUS FINANCIAL ADVISORS, LLC

other names

INVUS FINANCIAL ADVISORS, LLC
FS IO GP, LLC
ML GROWTH GP, LLC
INVUS OPPORTUNITIES GP III, LLC
INVUS OPPORTUNITIES
INVUS FINANCIAL ADVISORS GP, LLC
INVOPPS MT1A GP, LLC
INVOPPS GP V, LLC
INVOPPS GP IV, LLC
INVOPPS FT3 GP, LLC
INVOPPS FT GP, LLC
IFA PE GP, LLC
IFA PE GP II, LLC
QI GROWTH MANAGER LLC
INVOPPS FT3A GP, LLC

Adviser Profile

As of Date	03/31/2026
Registration	SEC, Approved, 03/30/2012
ADV Location	NEW YORK, NY, United States
Contact Info	212 xxxxxxx
Websites

AUM^*	16,213,992,520 43%
of that, discretionary	13,599,345,882 66%
Private Fund GAV^*	8,816,653,565 -7%
Avg Account Size	438,216,014 24%
SMA’s	No
Private Funds	38 6

Adviser Type

- Large advisory firm

Number of Employees 70 25%

of those in investment advisory functions 43 26%

Client Types

- Pooled investment vehicles
- Other

Advisory Activities

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

Compensation Arrangments

- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

SEC Fund Type	Count	GAV
Fund TypeHedge Fund	Count6	GAV$3,977,535,696
Fund TypePrivate Equity Fund	Count28	GAV$4,109,593,000
Fund TypeVenture Capital Fund	Count1	GAV$
Fund TypeOther Private Fund	Count3	GAV$729,524,869

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 WASHINGTON HARBOUR PARTNERS LP	Hedge Fund24.2m	Liquidity Fund-	Private Equity Fund3.5b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund167.4m	Other Fund-	Total Private Fund GAV3.9b	AUM4.7b	#Funds121
Adviser DIMENSION CAPITAL MANAGEMENT LLC	Hedge Fund295.1m	Liquidity Fund-	Private Equity Fund1.3b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.6b	AUM7.3b	#Funds124
Adviser AEA QP ADVISERS LLC	Hedge Fund2.0b	Liquidity Fund-	Private Equity Fund14.4b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV16.4b	AUM15.5b	#Funds42
Adviser BLACKGOLD CAPITAL MANAGEMENT LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund131.7m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV131.7m	AUM133.0m	#Funds8
Adviser VERITAS CAPITAL FUND MANAGEMENT, L.L.C.	Hedge Fund1.5b	Liquidity Fund-	Private Equity Fund51.9b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV53.4b	AUM53.8b	#Funds61
Adviser 50 SOUTH CAPITAL ADVISORS, LLC	Hedge Fund1.2b	Liquidity Fund-	Private Equity Fund25.5b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV26.7b	AUM16.1b	#Funds153
Adviser OBERLAND CAPITAL MANAGEMENT LLC	Hedge Fund43.8m	Liquidity Fund-	Private Equity Fund3.1b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV3.1b	AUM3.2b	#Funds33
Adviser VITRUVIAN PARTNERS LLP	Hedge Fund99.5m	Liquidity Fund-	Private Equity Fund22.6b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV22.7b	AUM-	#Funds28
Adviser GREAT POINT PARTNERS, LLC	Hedge Fund560.2m	Liquidity Fund-	Private Equity Fund1.3b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.8b	AUM1.8b	#Funds19
Adviser SILVER LAKE TECHNOLOGY MANAGEMENT, LLC	Hedge Fund571.7m	Liquidity Fund-	Private Equity Fund116.4b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV117.0b	AUM117.8b	#Funds72

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck TickerM8744T106	Stock NameTaboola.com Ltd	$ Position$34,295,063	% Position38.00%	$ Change-23.00%	# Change0.00%
Stck Ticker03969F109	Stock NameArcus Biosciences Inc	$ Position$24,551,933	% Position28.00%	$ Change-19.00%	# Change0.00%
Stck TickerG4701H109	Stock NameIHS Holding Limited	$ Position$7,544,064	% Position8.00%	$ Change-9.00%	# Change0.00%
Stck Ticker68622P109	Stock NameOric Pharmaceuticals Inc	$ Position$7,123,555	% Position8.00%	$ Change-49.00%	# Change0.00%
Stck TickerG6674U108	Stock NameNovocure Ltd	$ Position$6,010,643	% Position7.00%	$ Change10.00%	# Change0.00%
Stck Ticker22266T109	Stock NameCoupang Inc	$ Position$6,200,090	% Position7.00%	$ Change-66.00%	# Change-71.00%
Stck Ticker46222L108	Stock NameIONQ Inc	$ Position$3,515,000	% Position4.00%	$ Change-30.00%	# Change0.00%

Brochure Summary

Overview

IFA provides investment advisory services to private pooled investment vehicles, the “Funds,” that are offered exclusively to certain highly sophisticated investors, including high net worth individuals, families or institutions. IFA also provides advisory services to a family office. For the purposes of this document, IFA’s “clients” are the Funds it manages and the family office to which it provides advisory services, and its “investors” are the underlying investors in those vehicles and the aforementioned family office. IFA was formed in 2006, and its principal owners are Leslie Lake and Sacha Lainovic. A minority owner of IFA is Invus Alternative Assets Advisors, LLC. IFA offers advisory services with the goal of generating capital appreciation. For some of its clients, including the “Funds of Hedge Funds” and the family office client, IFA recommends for investment exclusively securities of hedge funds. For other clients, the “Private Equity Funds,” IFA recommends direct investments, primarily minority positions, in highly speculative private companies and investments in private equity funds. For a third group of clients, the “TMG Funds,” IFA monitors and provides investment advisory services related to exclusively investments in Brazil, primarily control positions in private companies. As described below, IFA co-sponsors the TMG Funds together with TMG Management Services, Ltd. (the “TMG Advisor”). The TMG Funds are no longer open to

new investors and are not making any new investments. IFA’s clients’ investment strategies are described in more detail in each client’s governing documents, including advisory agreements, investment management agreements or limited partnership agreements (as applicable). IFA tailors its recommendations to clients’ investment objectives and strategies as described in more detail in each client’s governing documents. IFA determines which recommendations are suitable for each client based on that client’s governing documents, which may include the Funds’ limited partnership agreements and offering memoranda or a client’s advisory agreement with the Firm, as applicable, which collectively set forth the investment objectives and suitable investments for that client. IFA does not personalize its investment recommendations to the specific needs of the investors in the Funds. In accordance with common industry practice, IFA has in certain instances entered into “side letters” or side agreements with certain investors in a client whereby IFA grants individual investors specific rights, benefits, or privileges not set forth in the governing documents. IFA does not participate in wrap fee programs. As of December 31, 2023, IFA manages approximately $2,913,819,000 on a sole discretionary basis. Together with the TMG Advisor, IFA has joint discretion and manages approximately $37,671,000. Please refer to “Item 7: Types of Clients” for more information.

INVUS FINANCIAL ADVISORS, LLC

Adviser Profile

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Compensation Arrangments

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Overview