9AT: SECOND ALPHA PARTNERS

other names

SECOND ALPHA PARTNERS
SECOND ALPHA PARTNERS, LLC

Adviser Profile

As of Date	07/18/2025
Adviser Type - Large advisory firm
Number of Employees	8 14.29%
of those in investment advisory functions	7 40.00%
Registration	SEC, Approved, 07/29/2021
Other registrations (1)	SEC, ERA - Withdrawn, 06/29/2021
Former registrations	SECOND ALPHA PARTNERS, LLC

AUM^*	334,874,450 3.79%
of that, discretionary	334,874,450 3.79%
Private Fund GAV^*	334,874,450 -16.18%
Avg Account Size	41,859,306 16.77%
SMA’s	No
Private Funds	10 2
Contact Info	212 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 TypePrivate Equity Fund	Count10	GAV$334,874,450

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 IRVING PLACE CAPITAL MANAGEMENT, L.P.	Hedge Fund-	Liquidity Fund-	Private Equity Fund113.9m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV113.9m	AUM113.9m	#Funds3
Adviser LONE VIEW CAPITAL	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.3b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.3b	AUM1.3b	#Funds11
Adviser CANAAN NATURAL GAS MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM65.0m	#Funds-
Adviser CID CAPITAL II, INC.	Hedge Fund-	Liquidity Fund-	Private Equity Fund564.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV564.0m	AUM564.0m	#Funds9
Adviser GOODFINCH MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund646.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV646.4m	AUM1.5b	#Funds13
Adviser CAP91 PARTNERS MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund502.8m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV502.8m	AUM502.8m	#Funds2
Adviser ALLIED INDUSTRIAL PARTNERS	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.2b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.2b	AUM1.2b	#Funds9
Adviser STRONGHOLD RESOURCE PARTNERS	Hedge Fund-	Liquidity Fund-	Private Equity Fund298.8m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV298.8m	AUM298.8m	#Funds8
Adviser WEATHERVANE ASSET MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund2.0b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund500.0m	Total Private Fund GAV2.5b	AUM260.3m	#Funds107
Adviser AIGH CAPITAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund247.3m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV247.3m	AUM332.3m	#Funds1

Brochure Summary

Overview

Second Alpha Partners, LLC (“Second Alpha” or the “Firm”) is an investment adviser with a principal place of business in New York, NY. Second Alpha commenced operations as an investment adviser in 2012. Richard Brekka and James Sanger (collectively, the “Managing Partners”) are the principal owners of Second Alpha. Second Alpha provides investment advisory services to private investment vehicles (each a “Fund” and collectively the “Funds”). The Managing Partners have the ultimate responsibility for the management, operations and the decisions made by Second Alpha. Second Alpha provides investment management services to its Funds pursuant to investment guidelines within the relevant limited partnership agreement, and/or other such agreements (collectively, “Governing Documents”). The Funds rely on an exemption from registration under the Investment Company Act of 1940, as

amended (the “Investment Company Act”), pursuant to Section 3(c)(1) and 3(c)(7), as defined in each Fund’s Governing Documents. In addition, Second Alpha has provided certain investors or other persons, including persons associated with the Firm, the opportunity to participate in co-invest vehicles, as permitted by the Funds’ Governing Documents and on terms Second Alpha deems appropriate. The Firm considers these co-investment vehicles, together with the Funds, “Clients.” Second Alpha does not tailor its services to the individual Fund investors or provide investors with the right to specify, restrict, or influence the Funds’ investment objectives or any investment decisions. Second Alpha does not participate in wrap fee programs. As of December 31, 2023, Second Alpha managed $396,518,349 in regulatory assets under management, all of which are managed on a discretionary basis.

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SECOND ALPHA PARTNERS

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