9AT: BLOCKCHANGE MANAGEMENT LLC

other names

BLOCKCHANGE MANAGEMENT LLC

Adviser Profile

As of Date	05/06/2025
Adviser Type - Large advisory firm
Number of Employees	10 11%
of those in investment advisory functions	5
Registration	SEC, Approved, 07/30/2021
Other registrations (1)	SEC, ERA - Withdrawn, 06/30/2021
Former registrations	BLOCKCHANGE MANAGEMENT LLC

AUM^*	880,708,449 -19%
of that, discretionary	880,708,449 -19%
Private Fund GAV^*	900,708,449 2%
Avg Account Size	46,353,076 -36%
SMA’s	No
Private Funds	31 6
Contact Info	(64 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 TypeVenture Capital Fund	Count31	GAV$900,708,449

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 ESO MANAGEMENT SERVICES LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund463.0m	Other Fund-	Total Private Fund GAV926.0m	AUM390.6m	#Funds6
Adviser GUILD CAPITAL MANAGEMENT	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund417.5m	Other Fund6.0m	Total Private Fund GAV841.0m	AUM417.5m	#Funds32
Adviser ACORN CAPITAL ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund239.2m	Other Fund-	Total Private Fund GAV478.4m	AUM239.2m	#Funds3
Adviser RIVERPARK CAPITAL MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund305.0m	Other Fund-	Total Private Fund GAV610.0m	AUM315.0m	#Funds9
Adviser PALM DRIVE CAPITAL LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund316.6m	Other Fund-	Total Private Fund GAV633.1m	AUM319.3m	#Funds23
Adviser AWM CAPITAL, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund70.8m	Other Fund256.3k	Total Private Fund GAV141.9m	AUM1.2b	#Funds10
Adviser LEWIS & CLARK PARTNERS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund371.6m	Other Fund-	Total Private Fund GAV743.2m	AUM264.1m	#Funds9
Adviser HLM MANAGEMENT CO., LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund455.4m	Other Fund-	Total Private Fund GAV910.9m	AUM455.4m	#Funds7
Adviser INTEGRA GLOBAL ADVISORS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund15.6m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV15.6m	AUM562.6m	#Funds8
Adviser STELAC CAPITAL PARTNERS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund693.1m	Other Fund-	Total Private Fund GAV1.4b	AUM680.0m	#Funds38

Brochure Summary

Overview

A. Description of the Advisory Firm Blockchange Management, LLC (“Blockchange” or the “Firm”) is a Delaware limited liability company, formed in January 2018, with a principal place of business in Florida Ken Seiff is the Firm’s Managing Partner and is the only owner with over 25% ownership of Blockchange. B. Types of Advisory Services Blockchange provides discretionary investment advisory and management services to private investment funds (each, a “Fund” and collectively, the “Funds”) and special purpose vehicles (each an “SPV” and together with the Funds, Blockchange’s “Clients”). The Funds are organized as either Delaware or Cayman Islands limited partnerships, and affiliates of Blockchange serve as the Funds’ general partners (“General Partners”). Certain of the Funds are organized as Series Limited Partnerships (each series within such Limited Partnerships is referred to as a “Series”). SPVs are typically Delaware Limited Liability Companies and affiliates of Blockchange serve as their Managing Members. The Firm intends to sponsor or manage additional Funds and SPVs in the future. Additional information about the Funds and their investors (“Investors”) is discussed in Item 7, below. Pursuant to each Client’s private placement memorandum, limited partnership agreement and subscription documents, or the equivalent(s) for the SPVs (“Governing Documents”),

Blockchange invests in the securities of private companies and/or digital assets1 (individually a “Portfolio Company” and collectively the “Portfolio Companies”) utilizing the strategies described in Item 8 below. C. Client Tailored Services and Client Imposed Restrictions Advisory services are tailored to achieve the Clients’ investment objectives. In general, Blockchange has the authority to select which and how many securities and other instruments to buy or sell without consultation with the Clients or their Investors. Certain investment-related decisions require approval of a Client’s Limited Partner Advisory Committee, as discussed more fully in the applicable Governing Documents. D. Wrap Fee Programs Blockchange does not participate in wrap fee programs. E. Amounts Under Management As of December 31, 2023, Blockchange has approximately $1,092,286,989 of regulatory assets under management all of which are advised on a discretionary basis.
1 Digital assets include the “bonding”, “baking” or “staking” of tokens and other digital assets. Decentralized digital assets utilize cryptography, commonly referred to as “cryptocurrencies” (such as Bitcoin, Ethereum, etc.), as well as related protocols, projects, options, derivative instruments and companies (collectively, the “Digital Assets”).

BLOCKCHANGE MANAGEMENT LLC

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