9AT: CAPITAL Z ASSET MANAGEMENT, LLC

CAPITAL Z ASSET MANAGEMENT, LLC

CAPITAL Z ASSET MANAGEMENT, LLC

Adviser Profile

As of Date	03/11/2026
Registration	SEC, Approved, 07/02/2014
Other registrations (1)	SEC, ERA - Withdrawn, 06/23/2014
Contact Info	646 xxxxxxx

AUM^*	255,911,381 24%
of that, discretionary	255,911,381 15%
Number of Employees	3
of those in investment advisory functions	2
Private Fund GAV^*	0
Avg Account Size	255,911,381 15%
SMA’s	No
Private Funds	0

Adviser Type

- Large advisory firm

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management

Reported AUM

291M 250M 208M 166M 125M 83M 42M

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

Discretionary

Non-discretionary

Private Funds

No private funds

Employees

Brochure Summary

Overview

CZAM was formed in 2008 to serve as the investment manager to certain affiliated pooled investment vehicles (each a “Fund” or “Client” and collectively, the “Funds” or the “Clients”) that hold equity interests in general partner entities and management companies of private investment funds. As of March 31, 2023 CZAM’s only client is Capital Z N2 Alternative Asset Investors, LLC (“N2”). This constitutes CZAM’s only business. CZAM is a limited liability company organized under the laws of Delaware and is principally owned by (i) former employees of CZAM, (ii) current and former members of its Board of Managers and (iii) certain private investment funds managed by Paine Schwartz Partners, LLC (“PSP”), which have indirect ownership through intermediary entities

After its acquisition by the aforesaid private investment funds, CZAM underwent a reorganization as a result of which CZAM entered into a written services agreement (the “Services Agreement”) with CZ Hedge Management, LLC (the “Sub-Adviser”). Under the Services Agreement, CZAM appointed the Sub-Adviser to act as administrator and investment sub-manager to the Funds, whereby the Sub-Adviser is responsible for the day-to-day management of the Funds and for all investment activities of the Funds. CZAM’s limited activities are overseen by a board of managers (the “Board of Managers”). As of December 31, 2023, regulatory assets under management totaled approximately $222,687,706 all of which is managed on a discretionary basis by the Sub-Adviser.