9AT: THOROFARE, LLC

Adviser Profile

As of Date	08/18/2026
Registration	SEC, Approved, 10/07/2014
ADV Location	EL SEGUNDO, CA, United States
Contact Info	617 xxxxxxx
Websites

AUM^*	1,403,774,527 8%
of that, discretionary	1,403,774,527 8%
Number of Employees	27 -7%
of those in investment advisory functions	17 -6%
Private Fund GAV^*	0
Avg Account Size	701,887,264 8%
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
- 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 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 NEW LEAF VENTURE PARTNERS	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund408.4m	Other Fund-	Total Private Fund GAV816.8m	AUM408.4m	#Funds9
Adviser 327 CAPITAL PARTNERS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund505.5m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV505.5m	AUM505.5m	#Funds8
Adviser BELHEALTH INVESTMENT PARTNERS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund156.7m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV156.7m	AUM156.7m	#Funds2
Adviser STILLWATER ASSET MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund461.5m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV461.5m	AUM701.4m	#Funds8
Adviser TUATARA CAPITAL, L.P.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM132.1m	#Funds-
Adviser SFW CAPITAL PARTNERS LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund776.8m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV776.8m	AUM476.8m	#Funds10
Adviser 747 CAPITAL, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.2b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.2b	AUM1.1b	#Funds40
Adviser DURATIONAL CAPITAL MANAGEMENT LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund432.7m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV432.7m	AUM442.0m	#Funds3
Adviser PALISADES MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM166.3m	#Funds-

Brochure Summary

Overview

Thorofare, LLC (“Thorofare”) was formed in June 2010 and is wholly owned by Thorofare Holdings, LLC, which in turn is wholly owned by Callodine Thorofare, LLC. Indirectly, the principal owners of Callodine Thorofare, LLC are James Morrow, Kevin Miller, Brendan Miller and other employees of Thorofare who hold minority interests. Thorofare currently acts as discretionary investment adviser to real estate limited partnerships; Thorofare Asset Based Lending Fund IV L.P. (“Fund IV”) and Thorofare Asset Based Lending Fund V L.P. (“Fund V”) (collectively the “Fund(s)” or “Thorofare Funds”). The Thorofare Funds are the only clients of the firm. The general partners of the Thorofare Funds are Thorofare Lending Fund IV Management, LLC and Thorofare Lending Fund V Management, LLC (“General Partner(s)” respectively), each a Delaware limited liability company and entities which are wholly owned by Thorofare. Thorofare Asset Based Lending Fund IV L.P. and Thorofare Asset Based Lending Fund V L.P. make substantially all their investments through affiliated private REITs; namely Thorofare Asset Based Lending REIT Fund IV, LLC, and Thorofare Asset Based Lending REIT Fund V, LLC. Thorofare does this to maximize

tax efficiency for their tax-deferred limited partners for whom Unrelated Business Taxable Income (“UBTI”) and Effectively Connected Income (“ECI”) are a concern. The REIT entities are managed by their respective Boards of Directors who are elected pursuant to their operating agreement, which may be amended from time to time. Thorofare specializes in managing portfolios of real estate loans and the Thorofare Funds are designed and formed to provide investors with a real estate lending investment vehicle. Thorofare’s investment advice is limited to discretionary investment advisory services with respect to such types of investments. Thorofare’s investment advice is tailored to the investment objectives, investment strategy and restrictions (if any) set forth in each respective Fund’s limited partnership agreement (“LPA”) and private placement memorandum (“Offering Documents”). Thorofare does not provide specifically tailored advice to investors in the Funds. Refer to Item 8 as well as the Offering Documents for additional details on Thorofare’s strategy. As of December 31, 2023, Thorofare advises $1,576,914,964 in discretionary regulatory assets under management across its two Thorofare Funds.

THOROFARE, LLC

THOROFARE, LLC

CALLODINE THOROFARE, LLC

THOROFARE CAPITAL

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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THOROFARE, LLC THOROFARE, LLC CALLODINE THOROFARE, LLC THOROFARE CAPITAL

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Brochure Summary

Overview

THOROFARE, LLC

THOROFARE, LLC

CALLODINE THOROFARE, LLC

THOROFARE CAPITAL