9AT: FORMATION CAPITAL

Adviser Profile

As of Date	03/29/2024
Registration status	Terminated
ADV Location	ATLANTA, GA, United States
Contact Info	770 xxxxxxx
Websites

AUM^*	496,438,156 -60%
of that, discretionary	496,438,156 -60%
Number of Employees	14 -7%
of those in investment advisory functions	12
Private Fund GAV^*	0
Avg Account Size	248,219,078 -60%
SMA’s	No
Private Funds	0 2

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
- Fixed fees (other than subscription fees)
- Performance-based fees

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 BELAY INVESTMENT GROUP, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund97.1m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund750.0m	Total Private Fund GAV847.1m	AUM427.5m	#Funds3
Adviser CWS CAPITAL PARTNERS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund471.5m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV471.5m	AUM268.4m	#Funds28
Adviser CARTER-HASTON INVESTMENT PARTNERS II GP, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund30.8m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund125.0k	Total Private Fund GAV30.9m	AUM367.2m	#Funds5
Adviser TURNBRIDGE RE FUND MANAGEMENT COMPANY I LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund567.8m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV567.8m	AUM567.8m	#Funds4
Adviser BROADVIEW REAL ESTATE PARTNERS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund425.1m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund34.8m	Total Private Fund GAV459.9m	AUM425.1m	#Funds9
Adviser CROWDSTREET ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund231.9m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund30.0m	Total Private Fund GAV261.9m	AUM231.9m	#Funds44
Adviser MAVERICK REAL ESTATE PARTNERS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund791.8m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV791.8m	AUM791.8m	#Funds6
Adviser EMET CAPITAL MANAGEMENT	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund481.8m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV481.8m	AUM481.8m	#Funds4
Adviser CAYETANO DEVELOPMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund666.6m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV666.6m	AUM666.6m	#Funds64
Adviser VIKING PARTNERS ADVISORS	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund375.0m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV375.0m	AUM375.0m	#Funds9

Brochure Summary

Overview

Formation Capital was organized in 1999 in the State of Pennsylvania as a limited liability company and was re-domesticated in 2007 in the state of Georgia. As of January 2020, Formation Capital is 99% owned by HCCF Management Group, Inc. and 1% owned by Arnold Whitman. HCCF Management Group, Inc. is 100% owned by Arnold Whitman. Our Services Formation Capital, through various entities owned by, controlled by, or under common control with Formation Capital (each an “Affiliate”), provides investment advisory and asset management services to pooled investment vehicles (the “Funds”). Formation Capital predominately focuses on seniors housing, post-acute, and health care investments. Asset management and investment management services are tailored to each individual Fund. Primary asset management functions generally include, but are not limited to, financial reporting, loan compliance, capital expenditure management, facility inspections, operator meetings, legislative review, and asset reporting. In addition, investment management services include accounting, tax compliance, treasury management, capital calls, distributions, investment reporting,

governance, and compliance. Any restrictions on a Fund’s investments are set forth in its governing documents. Formation Capital, whether directly or through an Affiliate, is authorized to implement each Fund’s investment objectives and strategies in accordance with the terms of its governing documents, subscription agreement, investor memorandum and/or other offering documents (the “Offering Documents”), as may be amended from time to time. Certain Funds are co-advised by Safanad Inc., an SEC-registered investment adviser. In addition, each Fund is generally structured such that the asset manager, general partner, or managing member, as applicable, cannot effectuate major decisions without obtaining written consent from a majority of the limited partners or members (or the Board of Managers or Investment Committee of the Fund, as applicable). Regulatory Assets Under Management As of December 31, 2022, Formation Capital manages total Fund assets of approximately $496,438,156 all of which are managed on a discretionary basis. The calculation of regulatory assets under management is based on total invested capital, including leverage.

FORMATION CAPITAL

FORMATION CAPITAL

FORMATION LENDING GROUP, LLC

FORMATION HEALTHCARE GROUP, LLC

FORMATION CAPITAL, LLC

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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FORMATION CAPITAL FORMATION CAPITAL FORMATION LENDING GROUP, LLC FORMATION HEALTHCARE GROUP, LLC FORMATION CAPITAL, LLC

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Brochure Summary

Overview

FORMATION CAPITAL

FORMATION CAPITAL

FORMATION LENDING GROUP, LLC

FORMATION HEALTHCARE GROUP, LLC

FORMATION CAPITAL, LLC