9AT: LUCID MANAGEMENT AND CAPITAL PARTNERS LP

other names

LUCID MANAGEMENT AND CAPITAL PARTNERS LP

Adviser Profile

As of Date	03/30/2026
ADV Location	NEW YORK, NY, United States
Adviser Type - Large advisory firm
Number of Employees	16 23%
of those in investment advisory functions	5 -17%
Registration	SEC, Approved, 04/05/2017

AUM^*	4,867,700,000 17%
of that, discretionary	4,867,700,000 17%
Private Fund GAV^*	4,867,700,000 20%
Avg Account Size	374,438,462 17%
SMA’s	No
Private Funds	21 2
Contact Info	(21 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management

Fund Type	Count	GAV
Fund TypeLiquidity Fund	Count14	GAV$3,590,900,000
Fund TypeOther Private Fund	Count7	GAV$1,276,800,000

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 UBS ASSET MANAGEMENT (AMERICAS) LLC	Hedge Fund2.6b	Liquidity Fund1.6b	Private Equity Fund4.8b	Real Estate Fund1.5m	Securitized Asset Fund28.7b	Venture Capital Fund-	Other Fund3.1b	Total Private Fund GAV40.7b	AUM588.2b	#Funds165
Adviser U.S. BANCORP ASSET MANAGEMENT, INC.	Hedge Fund-	Liquidity Fund5.1b	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV5.1b	AUM427.5b	#Funds1
Adviser FEDERATED HERMES (UK) LLP	Hedge Fund-	Liquidity Fund10.6b	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV10.6b	AUM24.7b	#Funds1
Adviser CAPSTONE CAPITAL ASSET MANAGEMENT, INC.	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 BSN CAPITAL PARTNERS LIMITED	Hedge Fund-	Liquidity Fund24.0b	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV24.0b	AUM-	#Funds3
Adviser LODGEPINE CAPITAL MANAGEMENT LIMITED	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM6.9m	#Funds-
Adviser COOLABAH CAPITAL INSTITUTIONAL INVESTMENTS PTY LIMITED	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM9.8b	#Funds-
Adviser V-SQUARE QUANTITATIVE MANAGEMENT	Hedge Fund-	Liquidity Fund38.8m	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV38.8m	AUM1.4b	#Funds1
Adviser LS BDC ADVISER, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund97.2m	Total Private Fund GAV97.2m	AUM1.1b	#Funds2
Adviser G10 CAPITAL LIMITED	Hedge Fund-	Liquidity Fund708.0m	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV708.0m	AUM13.1b	#Funds2

Brochure Summary

Overview

Lucid Management and Capital Partners (the “Adviser”) is a Delaware limited partnership with its principal place of business in New York, New York. David Carlson and the management team are the principal owners of the Adviser. The Adviser commenced operations on January 1, 2017. The Adviser provides advisory services on a discretionary basis to its clients which are pooled investment vehicles (each a “Fund” and collectively the “Funds”) which are intended for sophisticated investors and institutional investors. The Adviser may, in the future, also provide advisory services to separately managed accounts (“Separate Accounts”) for institutions. The Adviser manages each Fund based on the investment objectives and investment restrictions set forth

in the operating agreements of the respective entities. The Adviser seeks attractive risk-adjusted returns on cash alternative and short-duration, fixed income portfolios while preserving capital, liquidity and a stable net asset value. The Adviser draws upon the extensive experience of the investment team in managing fixed income portfolios and collateralized transactions at several leading global banks, dealers and investment funds. The Adviser provides advice to the Funds based on specific investment objectives and strategies of each Fund. The Adviser does not tailor its advisory services to the individual needs of Fund investors. As of February 29, 2024, the Adviser managed Regulatory Assets under Management (“RAUM”) of approximately $4,887,500,000 on a discretionary basis.

LUCID MANAGEMENT AND CAPITAL PARTNERS LP

Adviser Profile

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Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

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Brochure Summary

Overview