9AT: LUPA RIA INVESTMENT MANAGEMENT LLC

other names

LUPA RIA INVESTMENT MANAGEMENT LLC
LUPA SYSTEMS

Adviser Profile

As of Date	03/31/2026
ADV Location	NEW YORK, NY, United States
Adviser Type - Large advisory firm
Number of Employees	12 20%
of those in investment advisory functions	9
Registration	SEC, Approved, 12/15/2021

AUM^*	2,189,329,023 29%
of that, discretionary	1,022,463,743 53%
Private Fund GAV^*	1,061,868,018 46%
Avg Account Size	273,666,128 29%
SMA’s	No
Private Funds	7 1
Contact Info	212 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	Count1	GAV$10,583,578
Fund TypePrivate Equity Fund	Count5	GAV$1,051,284,440
Fund TypeOther Private Fund	Count1	GAV$

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 LAVIEN ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM270.8m	#Funds-
Adviser BLUE OWL GPSC ADVISORS LLC	Hedge Fund77.7b	Liquidity Fund-	Private Equity Fund17.6b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV95.3b	AUM94.7b	#Funds275
Adviser BROADCREST ASSET MANAGEMENT, LLC	Hedge Fund137.0m	Liquidity Fund-	Private Equity Fund347.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund7.2m	Total Private Fund GAV491.6m	AUM415.5m	#Funds7
Adviser MORGAN CREEK CAPITAL MANAGEMENT, LLC	Hedge Fund45.7m	Liquidity Fund-	Private Equity Fund1.3b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.4b	AUM1.8b	#Funds42
Adviser ENGAGED CAPITAL	Hedge Fund362.5m	Liquidity Fund-	Private Equity Fund111.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV473.5m	AUM432.3m	#Funds15
Adviser CORRUM CAPITAL MANAGEMENT	Hedge Fund86.1m	Liquidity Fund-	Private Equity Fund657.5m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV743.6m	AUM1.4b	#Funds21
Adviser MOUNT KELLETT CAPITAL MANAGEMENT LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM350.7m	#Funds-
Adviser CORMORANT ASSET MANAGEMENT, LP	Hedge Fund2.2b	Liquidity Fund-	Private Equity Fund2.4b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV4.6b	AUM3.8b	#Funds17
Adviser GOFF FOCUSED STRATEGIES LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund55.7m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV55.7m	AUM-	#Funds6
Adviser GRATUS CAPITAL, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM2.7b	#Funds-

Brochure Summary

Overview

Lupa RIA Investment Management LLC (“we,” “us” or the “Adviser”) is an investment advisory firm that was formed in 2021. The Adviser is based in New York City and is an indirect wholly-owned subsidiary of Lupa Systems LLC (“Lupa Systems”). Lupa Systems is, in turn, wholly owned by Lupa Investment Trust (“Lupa”), a trust established by James R. Murdoch. Mr. Murdoch also serves as the Chief Executive Officer of Lupa Systems. The Adviser provides investment advisory services to various private investment vehicles and other institutional clients (each, a “Client” and, collectively, the “Clients”). Lupa, its affiliates and certain key employees are the only investors in certain of our existing Client accounts (the “Legacy Clients”), but certain other Clients have other third-party investors (“Third-Party Clients”). In certain circumstances and where appropriate, opportunities to co- invest alongside the Clients in portfolio companies may be offered to investors in our Clients, including Lupa and other third party investors. The Clients’ assets are invested in accordance

with such Client’s governing documents, as the same may be amended from time to time (the “Client Governing Documents”). We tailor the investment advisory activities we provide to the Clients to comply with the investment objectives, guidelines and restrictions set forth in each Client’s Governing Documents. We do not tailor our investment activities on behalf of the Clients to the needs of any individual investor in a Client. However, in accordance with common industry practice, a Client may from time to time enter into a “side letter” or similar agreement with an investor pursuant to which the investor is granted specific rights, benefits or privileges that are not generally made available to all investors. See “Item8–MethodsofAnalysis,InvestmentStrategiesandRiskof Loss” for additional details. As of December 31, 2023, we managed approximately $1,694,781,488 in regulatory assets under management, of which $666,375,560 were managed on a discretionary basis and approximately $1,028,405,928 were managed on a non-discretionary basis.

LUPA RIA INVESTMENT MANAGEMENT LLC

Adviser Profile

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Compensation Arrangments

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Private Funds

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