9AT: THORNTREE CAPITAL PARTNERS LP

other names

THORNTREE CAPITAL PARTNERS LP

Adviser Profile

As of Date	03/31/2026
ADV Location	BOSTON, MA, United States
Adviser Type - Large advisory firm
Number of Employees	9
of those in investment advisory functions	6
Registration	SEC, Approved, 05/31/2016

AUM^*	955,280,269 27%
of that, discretionary	955,280,269 27%
Private Fund GAV^*	955,280,269 -12%
Avg Account Size	159,213,378 27%
SMA’s	No
Private Funds	6
Contact Info	617 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$930,237,951
Fund TypePrivate Equity Fund	Count3	GAV$25,042,318

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 HONEYCOMB ASSET MANAGEMENT LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM552.1m	#Funds-
Adviser HOUSE HANOVER LLC	Hedge Fund16.4m	Liquidity Fund-	Private Equity Fund45.6m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV62.0m	AUM19.7m	#Funds6
Adviser BOW STREET LLC	Hedge Fund81.4m	Liquidity Fund-	Private Equity Fund761.9m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV843.3m	AUM884.7m	#Funds19
Adviser HIDDEN LAKE ASSET MANAGEMENT LP	Hedge Fund376.0m	Liquidity Fund-	Private Equity Fund2.3m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV378.3m	AUM378.3m	#Funds5
Adviser OCTAGON CAPITAL ADVISORS LP	Hedge Fund975.2m	Liquidity Fund-	Private Equity Fund200.1m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.2b	AUM1.2b	#Funds8
Adviser ENTORO INVESTMENTS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM5.0m	#Funds-
Adviser RESOLUTE CAPITAL ASSET PARTNERS LLC	Hedge Fund325.4m	Liquidity Fund-	Private Equity Fund55.5m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV380.9m	AUM380.9m	#Funds5
Adviser GFO ADVISORY SERVICES, LLC	Hedge Fund335.3m	Liquidity Fund-	Private Equity Fund2.8m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV338.1m	AUM351.3m	#Funds9
Adviser COOK PINE CAPITAL LLC	Hedge Fund83.8m	Liquidity Fund-	Private Equity Fund257.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV340.8m	AUM490.3m	#Funds3
Adviser MERCED CAPITAL, L.P.	Hedge Fund54.5m	Liquidity Fund-	Private Equity Fund230.4m	Real Estate Fund66.3m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV351.2m	AUM251.2m	#Funds8

Brochure Summary

Overview

ThornTree Capital Partners LP (“ThornTree”), a Delaware limited partnership, provides discretionary investment management services to several pooled investment vehicles (“private fund clients” or “Clients”). Formed in November 2015, ThornTree is wholly owned and controlled by Mark C. Moore and his affiliated estate planning entities and trusts. Mr. Moore is the founder, Managing Partner and Chief Investment Officer of ThornTree (“Founder” or “Managing Partner”). Our investment objective is to generate strong risk-adjusted returns over the course of various market cycles through a concentrated portfolio consisting of global public long/short and private equity investments. In carrying out our investment strategy, we typically take positions in listed equities, ADRs and GDRs, as well as contracts for differences and total return swaps on the foregoing. We also trade instruments listed on both U.S. and non-U.S. exchanges and at times may trade U.S. and non-U.S. currencies for hedging purposes as well as other securities for cash management purposes. We also may invest a portion of our private fund client assets in private companies (“Private Investments”). Such Private Investments are expected to be comprised substantially of equity investments in early stage, business growth opportunities.

Additional information about ThornTree investment strategies and associated risks can be found in greater detail below in Item 8, Methods of Analysis, Investment Strategies and Risk of Loss. The investment activities of ThornTree are led by Mr. Moore, who also oversees the implementation of the investment strategy and various portfolio and risk management matters. In providing services to the private fund clients, among other things, ThornTree manages assets in accordance with the terms of the applicable governing documents. ThornTree provides investment advice directly to the private fund clients and not individually to a Client’s limited partners, shareholders, or fund investors (collectively “Fund Investors”). Investment restrictions for the private fund clients are generally established in the applicable governing document such as a limited partnership agreement or private placement memorandum (collectively “Fund Governing Documents”). An affiliate of our firm controlled by Mr. Moore, ThornTree Capital GP LLC (the “General Partner”), a Delaware limited liability company, serves as the general partner to the private fund clients. As of December 31, 2023, ThornTree had regulatory assets under management of approximately $752,295,521, all of which are managed on a discretionary basis.

THORNTREE CAPITAL PARTNERS LP

Adviser Profile

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Brochure Summary

Overview