9AT: ONCE CAPITAL MANAGEMENT, LLC

other names

ONCE CAPITAL MANAGEMENT, LLC

Adviser Profile

As of Date	03/25/2026
ADV Location	NEW YORK, NY, United States
Adviser Type - Large advisory firm
Number of Employees	7 40%
of those in investment advisory functions	5 25%
Registration	SEC, Approved, 04/30/2021
Other registrations (1)	SEC, ERA - Withdrawn, 03/29/2021
Former registrations	ONCE CAPITAL MANAGEMENT, LLC

AUM^*	422,142,855 158%
of that, discretionary	422,142,855 158%
Private Fund GAV^*	422,142,855 42%
Avg Account Size	140,714,285 158%
SMA’s	No
Private Funds	3
Contact Info	646 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

Fund Type	Count	GAV
Fund TypeHedge Fund	Count3	GAV$422,142,855

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 HIGH HURDLE CAPITAL LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM96.6m	#Funds-
Adviser ASTRA ASSET MANAGEMENT UK LIMITED	Hedge Fund203.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV203.9m	AUM390.7m	#Funds1
Adviser BLUE DOOR ASSET MANAGEMENT, LLC	Hedge Fund245.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV245.4m	AUM154.3m	#Funds5
Adviser WINDWARD MANAGEMENT LP	Hedge Fund121.1m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV121.1m	AUM110.5m	#Funds3
Adviser SABER CAPITAL MANAGEMENT LLC	Hedge Fund61.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV61.0m	AUM129.3m	#Funds3
Adviser 9823 CAPITAL, LP	Hedge Fund224.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV224.8m	AUM677.1m	#Funds6
Adviser TRIVENI CAPITAL INVESTMENTS LP	Hedge Fund100.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV100.0m	AUM300.9m	#Funds3
Adviser NEWPOINT REAL ESTATE INVESTMENT MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM690.1m	#Funds1
Adviser HELLMAN JORDAN MANAGEMENT CO INC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM95.1m	#Funds-
Adviser COVALENT PARTNERS LLC	Hedge Fund117.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV117.3m	AUM117.3m	#Funds2

Brochure Summary

Overview

A. Once Capital, a Delaware limited liability company, is an investment adviser located in New York, NY. Once Capital was formed on November 4, 2016. Once Capital’s principal owner is Tommaso Iaquinta; minority owners include Luca Maria Bellati, Stefano Di Salvo and Emanuele U.G. Perazzi (the “Partners”). B. Once Capital serves as investment adviser to private investment funds (the “Fund” or “Funds”), and the GP as general partner to the Funds (“GP” or “Related Person”)1, providing to the Funds investment advisory services on a discretionary basis. Once Capital also provides “Advisory Only Services”2 to a company (the “Advisory Account”, collectively with the Funds, the “Clients”). Once Capital may decide in the future to sponsor, manage additional private investment funds. C. The Funds are exempt from registration under the Investment Company Act of 1940, as amended (the “Investment Company Act”), pursuant to Section 3(c)(7) and/or 3(c)(1) of the Investment Company Act, among other things because of the investors’ numbers/qualifications (the “Investors” or “Limited Partners”). Once Capital will manage the assets of the Funds in accordance with the Limited Partnership Agreement, Private Placement Memorandum and other related agreements (herein, the “Offering Documents”). The Firm’s investment objective is to achieve capital

appreciation through fundamental analysis of equity securities, based on proprietary multifactor scoring models. The Firm also intends to consider strategies including, but not limited to, fundamental long/short. Information about Once Capital’s advisory services is included in this Brochure and is qualified in its entirety by information contained in the Offering Documents. D. Once Capital may tailor its advisory services to the individual or particular needs of the Investors. The Firm adheres to the investment strategy set forth in the Offering Documents and each Investor will accept the terms of such advisory services as set forth in the Offering Documents. In any case, the Firm always keeps broad investment authority with respect to the Funds and, as such, Investors should consider whether the investment objectives of the Funds will be in line with their respective individual objectives and risk tolerance prior to investment. E. Once Capital does not participate in wrap fee programs. F. Once Capital manages the assets of the Funds and has the following assets under management: Discretionary Amounts: Non-Discretionary Amounts: Date Calculated: $163,324,402 $0 12/31/2023 1 Same meaning in Form ADV part 1-A. 2 Meaning advisory services rendered to clients whose assets are not Regulatory Assets under Management (as per ADV Part 1-A, item 5).

ONCE CAPITAL MANAGEMENT, LLC

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