Investment adviser · CRD 284363

BALBEC CAPITAL MANAGEMENT LP

Investment adviser filing (IA)

SCOTTSDALE, AZ, United States · Form ADV filed Apr 27, 2026

Regulatory AUM: $7.99B
Client accounts: 23
Employees: 150
Advisory professionals: 40

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	22	$7,373,597,928	92.3%
Insurance companies	Fewer than 5	$612,596,847	7.7%

Filing source

Form ADV 2099104 · Apr 27, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

18 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

INSOLVE GLOBAL CREDIT FUND VI, LPReal Estate Fund · Last reported Apr 27, 2026$2.28BGross asset value

Form D fundraising filings

InSolve Global Credit Fund VI, L.P.

Feeder funds

INSOLVE GLOBAL CREDIT FEEDER FUND VI, LP

Fund administrator SEI GLOBAL SERVICES, INC. OAKS, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG GEORGE TOWN, Cayman Islands

Custodian GOLDMAN SACHS NEW YORK, New York, United States Related to adviser: No

Custodian U.S. BANK CHICAGO, Illinois, United States Related to adviser: No

Marketer BALBEC KPL PARTNERS CO., LTD SEOUL, Korea, South Related to adviser: No

Marketer GENCAP GLOBAL ADVISORS DMCC DUBAI, United Arab Emirates Related to adviser: No

Marketer RBC CAPITAL MARKETS, LLC MINNEAPOLIS, Minnesota, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

KPMG
PCAOB 1323

RBC CAPITAL MARKETS, LLC
CRD 31194 · SEC 801-13059

Fund details & source

Fund ID: 805-7503139632
Reported beneficial owners: 546
Minimum commitment: $0
Form D file number: 021-488935
Form D file number: 021-488938

Form ADV 2099104 · Apr 27, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

INSOLVE GLOBAL CREDIT FUND V, LPReal Estate Fund · Last reported Apr 27, 2026$2.08BGross asset value

Form D fundraising filings

InSolve Global Credit Fund V, L.P.

Feeder funds

INSOLVE GLOBAL CREDIT FEEDER FUND V, LP

Fund administrator SEI GLOBAL SERVICES, INC. OAKS, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG GEORGE TOWN, Cayman Islands

Custodian GOLDMAN SACHS NEW YORK, New York, United States Related to adviser: No

Custodian J.P. MORGAN NEW YORK, New York, United States Related to adviser: No

Custodian U.S. BANK CHICAGO, Illinois, United States Related to adviser: No

Marketer BALBEC KPL PARTNERS CO., LTD SEOUL, Korea, South Related to adviser: No

Marketer FIRST AVENUE PARTNERS LONDON, United Kingdom Related to adviser: No

Marketer RBC CAPITAL MARKETS, LLC MINNEAPOLIS, Minnesota, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

KPMG
PCAOB 1323

RBC CAPITAL MARKETS, LLC
CRD 31194 · SEC 801-13059

Fund details & source

Fund ID: 805-2842309665
Reported beneficial owners: 638
Minimum commitment: $0
Form D file number: 021-398616
Form D file number: 021-398618

Form ADV 2099104 · Apr 27, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

INSOLVE GLOBAL CREDIT FUND IV, LPReal Estate Fund · Last reported Apr 27, 2026$689MGross asset value

Form D fundraising filings

InSolve Global Credit Fund IV, L.P.

Feeder funds

Fund administrator SEI GLOBAL SERVICES, INC. OAKS, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG GEORGE TOWN, Cayman Islands

Custodian CITIZENS BANK NEW YORK, New York, United States Related to adviser: No

Custodian J.P. MORGAN NEW YORK, New York, United States Related to adviser: No

Custodian U.S. BANK CHICAGO, Illinois, United States Related to adviser: No

Marketer BALBEC KPL KOREA (CONSULTANT AND MARKETING SUPPORT) SEOUL, Korea, South Related to adviser: No

Marketer LAZARD FRERES & CO. LLC NEW YORK, New York, United States Related to adviser: No

Marketer RBC CAPITAL MARKETS, LLC MINNEAPOLIS, Minnesota, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

KPMG
PCAOB 1323

LAZARD FRERES & CO. LLC
CRD 2528 · SEC 8-2595

RBC CAPITAL MARKETS, LLC
CRD 31194 · SEC 801-13059

Fund details & source

Fund ID: 805-8854578935
Reported beneficial owners: 447
Minimum commitment: $0
Form D file number: 021-334086
Form D file number: 021-334087
Form D file number: 021-360574

Form ADV 2099104 · Apr 27, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

BALBEC IGCF VI ANNEX FUND, L.P.Real Estate Fund · Last reported Apr 27, 2026$380MGross asset value

Form D fundraising filings

Balbec IGCF VI Annex Fund, L.P.

Feeder funds

BALBEC IGCF VI ANNEX FEEDER FUND, L.P.

Fund administrator SEI GLOBAL SERVICES, INC. OAKS, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG GEORGE TOWN, Cayman Islands

Custodian GOLDMAN SACHS NEW YORK, New York, United States Related to adviser: No

Custodian J.P. MORGAN NEW YORK, New York, United States Related to adviser: No

Custodian U.S. BANK CHICAGO, Illinois, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

KPMG
PCAOB 1323

Fund details & source

Fund ID: 805-8044237628
Reported beneficial owners: 43
Minimum commitment: $0
Form D file number: 021-556169
Form D file number: 021-556172

Form ADV 2099104 · Apr 27, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

PALACE MORTGAGE FUND II, L.P.Real Estate Fund · Last reported Apr 27, 2026$377MGross asset value

Form D fundraising filings

Palace Mortgage Fund II, L.P.

Fund administrator SEI GLOBAL SERVICES, INC. OAKS, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG GEORGE TOWN, Cayman Islands

Custodian EAST WEST BANK DALLAS, Texas, United States Related to adviser: No

Custodian J.P. MORGAN NEW YORK, New York, United States Related to adviser: No

Custodian U.S. BANK CHICAGO, Illinois, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

KPMG
PCAOB 1323

Fund details & source

Fund ID: 805-1507059697
Reported beneficial owners: 9
Minimum commitment: $0
Form D file number: 021-448292

Form ADV 2099104 · Apr 27, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

BALBEC CA ASSET CREDIT FUND, LPReal Estate Fund · Last reported Apr 27, 2026$372MGross asset value

Fund administrator SEI GLOBAL SERVICES, INC. OAKS, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG GEORGE TOWN, Cayman Islands

Custodian EAST WEST BANK DA, Texas, United States Related to adviser: No

Custodian U.S. BANK CHICAGO, Illinois, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

KPMG
PCAOB 1323

Fund details & source

Fund ID: 805-6315947239
Reported beneficial owners: 1
Minimum commitment: $0

Form ADV 2099104 · Apr 27, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

BALBEC MORTGAGE STRATEGIES FUND, L.P.Real Estate Fund · Last reported Apr 27, 2026$363MGross asset value

Fund administrator SEI GLOBAL SERVICES, INC. OAKS, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG GEORGE TOWN, Cayman Islands

Custodian EAST WEST BANK DALLAS, Texas, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

KPMG
PCAOB 1323

Fund details & source

Fund ID: 805-9587423001
Reported beneficial owners: 1
Minimum commitment: $0

Form ADV 2099104 · Apr 27, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Apr 27, 2026. View historical filings

Reported services

Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets · Performance-based

Principal office

7114 E STETSON DRIVE, SUITE 250
SCOTTSDALE, AZ, 85251, United States

CRD 284363

Filing source

Form ADV 2099104 · Apr 27, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.