9AT: GLASFUNDS, LLC

other names

GLASFUNDS, LLC

Adviser Profile

As of Date	03/26/2026
ADV Location	CLEVELAND, OH, United States
Adviser Type - Large advisory firm
Number of Employees	36 50%
of those in investment advisory functions	5
Registration	SEC, Approved, 07/27/2020
Other registrations (1)	Ohio, Terminated, 07/31/2020

AUM^*	3,275,070,000 62%
of that, discretionary	3,275,070,000 62%
Private Fund GAV^*	2,360,570,000 29%
Avg Account Size	1,637,535,000 62%
SMA’s	No
Private Funds	4 2
Contact Info	216 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 TypePrivate Equity Fund	Count2	GAV$2,360,570,000
Fund TypeOther Private Fund	Count2	GAV$

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 CRAYHILL CAPITAL MANAGEMENT LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund2.4b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.4b	AUM2.4b	#Funds19
Adviser REVELATION CAPITAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund1.6b	Other Fund-	Total Private Fund GAV3.2b	AUM1.6b	#Funds9
Adviser FIVE ELMS CAPITAL	Hedge Fund-	Liquidity Fund-	Private Equity Fund3.1b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV3.1b	AUM3.1b	#Funds25
Adviser BPGC MANAGEMENT LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund361.5m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV361.5m	AUM601.9m	#Funds2
Adviser NEW REPUBLIC PARTNERS	Hedge Fund-	Liquidity Fund-	Private Equity Fund663.6m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund58.0m	Total Private Fund GAV721.7m	AUM3.0b	#Funds19
Adviser ARIEL ALTERNATIVES, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.8b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.8b	AUM1.5b	#Funds7
Adviser LIONTREE INVESTMENT MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.7b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.7b	AUM1.7b	#Funds5
Adviser MADISON RIVER CAPITAL LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund708.1m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV708.1m	AUM1.3b	#Funds10
Adviser ARDIAN	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.9b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.9b	AUM2.8b	#Funds11
Adviser WL ROSS & CO. LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund224.6m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV224.6m	AUM224.6m	#Funds3

Brochure Summary

Overview

ADVISORY BUSINESS GLASfunds, LLC (“GLAS”) is an Ohio Limited Liability Company that was established in January 2009. GLAS is owned by GLASfunds Holdings, LLC, the principal owners of which are Michael A. Maroon (the “Managing Partner”) and Corient Management LLC. GLAS provides discretionary investment advisory services to GLASfunds, LP and GLASfunds, SPC (each, a “Fund”, and together, the “Funds”). The Funds provide investors with the ability to create customized portfolios of hedge fund and private equity investments (such underlying funds, “Portfolio Funds”). Each investor in a Fund, with assistance from GLAS, will allocate its investment in each Fund to one or more investment strategies (each an “Investment Strategy”). Each Investment Strategy constitutes a separate series of interests or shares of the relevant Fund (each a “Series”). GLAS may also advise one or more additional private funds in the future. References throughout this document to “clients” refer to the Funds and any other private

funds and accounts that we may advise in the future. GLAS also serves as the general partner to a private fund managed by another investment adviser registered with the SEC, which is under common ownership with GLAS (the “Externally-Managed Fund”). In such capacity, GLAS is responsible for the management of the Externally-Managed Fund, but it does not provide advice or investment advisory services to such fund. The Funds are managed in accordance with their own investment objectives, as described in their respective offering documents, governing agreements and schedules thereto (collectively, the “Governing Documents”). GLAS does not permit investors in the Funds to impose limitations on the investment activities described in the Funds’ Governing Documents. (See Item 16 - Investment Discretion.) As of December 31, 2023, GLAS had $2,021,147,000 of regulatory assets under management, all of which was managed on a discretionary basis. GLAS does not manage any assets on a non-discretionary basis.

GLASFUNDS, LLC

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