9AT: DHANDHO FUNDS LLC

other names

Adviser Profile

As of Date	03/29/2024
Adviser Type - Large advisory firm - An investment adviser (or subadviser) to an investment company - Related adviser
Number of Employees	4 33.33%
of those in investment advisory functions	3
Registration	SEC, Approved, 09/28/2022
Other registrations (3)	SEC, ERA - Withdrawn, 08/26/2022 Texas, ERA - Withdrawn, 08/26/2022 California, ERA - Withdrawn, 09/13/2021
Former registrations	DHANDHO FUNDS LLC

AUM^*	116,270,544 35.30%
of that, discretionary	116,270,544 35.30%
Private Fund GAV^*	109,415,505
Avg Account Size	19,378,424 -9.80%
SMA’s	No
Private Funds	4
Contact Info	512 xxxxxxx
Websites

Client Types

- Investment companies
- Pooled investment vehicles
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Fund Type	Count	GAV
Fund TypeHedge Fund	Count4	GAV$109,415,505

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 SKY CREEK CAPITAL MANAGEMENT	Hedge Fund2.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.8m	AUM31.6m	#Funds1
Adviser ARMADA CAPITAL LLC	Hedge Fund100.0k	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV100.0k	AUM73.0m	#Funds1
Adviser PREVATT CAPITAL LTD	Hedge Fund416.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV416.7m	AUM416.7m	#Funds1
Adviser ORASIS CAPITAL	Hedge Fund97.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV97.0m	AUM97.0m	#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 IN-DEPTH PARTNERS, LLC	Hedge Fund176.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV176.8m	AUM176.8m	#Funds2
Adviser MARKIN ASSET MANAGEMENT, LP	Hedge Fund16.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV16.9m	AUM96.2m	#Funds1
Adviser GREENWOOD INVESTORS LLC	Hedge Fund87.6m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV87.6m	AUM70.6m	#Funds7
Adviser TRIVENI CAPITAL INVESTMENTS LP	Hedge Fund88.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV88.0m	AUM201.1m	#Funds1
Adviser ASTRA ASSET MANAGEMENT UK LIMITED	Hedge Fund181.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV181.3m	AUM338.0m	#Funds1

Brochure Summary

Overview

A. General Description of Advisory Firm Dhandho Funds LLC is a limited liability company (the “Adviser”) that was formed on January 4, 2016 in Puerto Rico. Effective December 27, 2016, the Adviser converted to a Delaware limited liability company. There was no practical change in control or management of the Adviser as a result of the conversion. The principal owners of the Adviser are Dhandho Holdings, L.P. and Dhandho Holdings Qualified Purchaser, L.P. (together “Dhandho Holdings”), of which Mohnish Pabrai is the ultimate controlling person. The Adviser serves as general partner to or manager of four private funds: Dhandho Junoon LP, Dhandho Junoon Offshore Ltd., Dhandho India Zero Fee Fund, L.P. and Dhandho India Zero Fee Fund Offshore Ltd. The four private funds are being liquidated and all capital will be returned to investors in 2024 after a final audit as of June 30, 2024. B. Description of Advisory Services The Adviser provides investment management services to limited partnerships or companies (“Private Fund” or “Private Funds”) organized under the laws of the United States or the British Virgin Islands; separately managed accounts (“SMAs”); and a mutual fund (“Mutual Fund”), the Pabrai Wagons Fund (Retail Share: WAGNX, Institutional Share: WGNIX), collectively referred to as “Clients.” The Adviser serves as general

partner to or manager of each Private Fund. Please refer to Item 8 for a more detailed description of the Adviser’s management strategies as well as the securities and other instruments purchased by the Adviser on behalf of the Clients. C. Availability of Customized Services for Individual Clients The Advisor tailors its advisory services as described in the relevant Private Fund’s private placement memorandum and/or organizational documents, the Investment Policy Statement for the SMA accounts and the Mutual Fund’s Summary and Statutory Prospectus and Statement of Additional Information. Advisory services for each Private Fund are not tailored to the individual needs of investors. Investors may not impose restrictions on the Adviser with respect to the investments it makes on behalf of the Clients. SMA clients may impose reasonable restrictions, in writing, on investing in certain securities or types of securities held in their portfolio. The Mutual Fund has adopted written investment restrictions and is also subject to regulatory requirements. D. Wrap Fee Programs The Adviser does not participate in wrap fee programs. E. Assets Under Management The Adviser’s collective Client regulatory assets under management as of December 31, 2023, were $116,270,544, all of which are managed on a discretionary basis.

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DHANDHO FUNDS LLC

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