9AT: GRATIA CAPITAL, LLC

Adviser Profile

As of Date	09/04/2026
Registration status	Registration Changed to GRATIA CAPITAL, LLC
ADV Location	LOS ANGELES, CA, United States
Contact Info	310 xxxxxxx

AUM^*	185,835,116 39%
of that, discretionary	185,835,116 39%
Number of Employees	4 33%
of those in investment advisory functions	3
Private Fund GAV^*	0 -100%
Avg Account Size	46,458,779 39%
SMA’s	No
Private Funds	0 3

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 ADDITIVE ADVISORY PBC	Hedge Fund-	Liquidity Fund-	Private Equity Fund97.6m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV97.6m	AUM140.9m	#Funds1
Adviser COAST CAPITAL MANAGEMENT, LP	Hedge Fund101.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV101.0m	AUM102.6m	#Funds6
Adviser VAZIRANI ASSET MANAGEMENT LLC	Hedge Fund29.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV29.9m	AUM65.0m	#Funds2
Adviser ALEXANDER CAPITAL ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM75.5m	#Funds-
Adviser NORBURY PARTNERS LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM73.8m	#Funds-
Adviser MONIMUS CAPITAL MANAGEMENT, LP	Hedge Fund57.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV57.5m	AUM204.2m	#Funds2
Adviser TWENTY ACRE CAPITAL LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM198.5m	#Funds-
Adviser TERRA ALPHA INVESTMENTS LLC	Hedge Fund169.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV169.8m	AUM193.0m	#Funds3
Adviser MCM WEALTH	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM170.8m	#Funds-
Adviser AZARIAS CAPITAL MANAGEMENT, L.P.	Hedge Fund37.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV37.5m	AUM188.8m	#Funds2

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck Ticker00760J108	Stock NameAEHR TEST SYS (CALL)	$ Position$55,282,530	% Position33.00%	$ Change177.00%	# Change7.00%
Stck Ticker87266M107	Stock NameTPG RE FIN TR INC	$ Position$17,303,577	% Position10.00%	$ Change-5.00%	# Change-12.00%
Stck Ticker35243J101	Stock NameFRANKLIN BSP RLTY TR INC	$ Position$14,402,672	% Position9.00%	$ Change-14.00%	# Change-10.00%
Stck Ticker205750409	Stock NameCOMSTOCK INC	$ Position$7,772,224	% Position5.00%	$ Change206.00%	# Change124.00%
Stck Ticker444097406	Stock NameHUDSON PACIFIC PROPERTIES IN (CALL)	$ Position$7,595,000	% Position5.00%	$ Change68.00%	# Change-35.00%
Stck Ticker93148P102	Stock NameWALKER & DUNLOP INC (CALL)	$ Position$6,361,610	% Position4.00%	$ Change23.00%	# Change0.00%
Stck Ticker962166104	Stock NameWEYERHAEUSER CO (CALL)	$ Position$5,520,564	% Position3.00%	$ Change-2.00%	# Change0.00%
Stck Ticker82455M109	Stock NameSHIMMICK CORPORATION	$ Position$3,322,098	% Position2.00%	$ Change	# Change
Stck Ticker867981102	Stock NameSUNRISE RLTY TR INC	$ Position$2,680,904	% Position2.00%	$ Change3.00%	# Change0.00%
Stck Ticker266042407	Stock NameDUOS TECHNOLOGIES GROUP INC	$ Position$3,243,300	% Position2.00%	$ Change7.00%	# Change-39.00%

Brochure Summary

Overview

The Advisory Firm and its Principal Owners Gratia Capital, LLC is a Delaware limited liability company founded in April 2012. Gratia Capital is a multi-strategy, value and event-oriented asset management firm based in Los Angeles, California. Gratia Capital’s primary office is located at 11835 W Olympic Blvd, Suite 385, Los Angeles, CA 90064. Advisory Services Gratia Capital currently provides investment management services and discretionary investment advice to a private Fund (“The Fund”) and a sub-advisory account Client (“Sub-Advisory”) and may serve as investment adviser and/or sub-adviser to various other advisory clients, including separately managed accounts, fund of one account, and other private investment Fund (collectively, “Clients”). Advisory Services to Sub-Advisory Accounts Investments for Sub-Advisory account Clients, whether pooled investment vehicles, separately managed accounts, or fund of one accounts, are managed in accordance with the Clients’ investment objectives, strategies, restrictions and guidelines as set forth in the documents governing Gratia Capital’s relationship with such Clients or as otherwise communicated to Gratia Capital by the Clients. Depending

on the nature of the relationship, these services may include the investment and reinvestment of securities, cash and cash equivalents, futures and options held in a Client’s account. If a Client wishes to impose certain restrictions on investing in certain securities or types of securities or is prohibited by applicable law from investing in such securities or types of securities, Gratia Capital will address those requests on a case-by-case basis. Types of Services The investments of the Fund are managed in accordance with the investment objectives, strategies and guidelines applicable to the Fund and are not tailored to any particular Investor in the Fund (an “Investor”). Gratia Capital does not provide individualized investment advice to such Investors with respect to their investment in the Fund; therefore, Investors should consider whether the Fund meets their investment objectives, risk tolerance and financial situation. Wrap Fee Programs Gratia Capital does not participate in wrap fee programs. Regulatory Assets Under Management As of March 31, 2024, Gratia Capital manages approximately $133.6 million on a discretionary basis and $0 on a non-discretionary basis.

GRATIA CAPITAL, LLC

GRATIA CAPITAL, LLC

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Adviser Profile

Adviser Type

Client Types

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Compensation Arrangments

Reported AUM

Private Funds

Employees

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Overview

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GRATIA CAPITAL, LLC GRATIA CAPITAL, LLC

Related Companies

Adviser Profile

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Top Holdings

Brochure Summary

Overview

GRATIA CAPITAL, LLC

GRATIA CAPITAL, LLC