Investment adviser · CRD 291463

CALEDONIA US, LP

Investment adviser filing (IA)

NEW YORK, NY, United States · Form ADV filed Sep 28, 2026

Regulatory AUM: $3.66B
Client accounts: 10
Employees: 26
Advisory professionals: 9

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	10	$3,659,525,025	100.0%

Filing source

Form ADV 2134908 · Sep 28, 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

6 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.

CALEDONIA MASTER FUND LTD.Hedge Fund · Last reported Sep 28, 2026$2.57BGross asset value

Feeder funds

Fund administrator MORGAN STANLEY FUND SERVICES (CAYMAN) LTD. GEORGE TOWN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG, LTD. CAMANA BAY, Cayman Islands

Custodian BARCLAYS CAPITAL INC. NEW YORK, New York, United States Related to adviser: No

Custodian BNP PARIBAS SECURITIES CORP. NEW YORK, New York, United States Related to adviser: No

Custodian CANTOR FITZGERALD & CO. NEW YORK, New York, United States Related to adviser: No

Custodian CF SECURED, LLC NEW YORK, New York, United States Related to adviser: No

Custodian CITIGROUP GLOBAL MARKETS INC. NEW YORK, New York, United States Related to adviser: No

Custodian GOLDMAN SACHS INTERNATIONAL LONDON, United Kingdom Related to adviser: No

Custodian JEFFERIES FINANCIAL PRODUCTS, LLC WILMINGTON, Delaware, United States Related to adviser: No

Custodian JEFFERIES FINANCIAL SERVICES, INC. WILMINGTON, Delaware, United States Related to adviser: No

Custodian JEFFERIES LLC NEW YORK, New York, United States Related to adviser: No

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

Custodian MERRILL LYNCH INTERNATIONAL LONDON, United Kingdom Related to adviser: No

Custodian MORGAN STANLEY & CO INTERNATIONAL PLC LONDON, United Kingdom Related to adviser: No

Custodian UBS AG LONDON, United Kingdom Related to adviser: No

Prime broker BARCLAYS CAPITAL INC. NEW YORK, New York, United States

Prime broker BNP PARIBAS SECURITIES CORP. NEW YORK, New York, United States

Prime broker CANTOR FITZGERALD & CO. NEW YORK, New York, United States

Prime broker CF SECURED, LLC NEW YORK, New York, United States

Prime broker CITIGROUP GLOBAL MARKETS INC. NEW YORK, New York, United States

Prime broker GOLDMAN SACHS INTERNATIONAL LONDON, United Kingdom

Prime broker JEFFERIES LLC NEW YORK, New York, United States

Prime broker J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States

Prime broker MERRILL LYNCH INTERNATIONAL LONDON, United Kingdom

Prime broker MORGAN STANLEY & CO. INTERNATIONAL PLC LONDON, United Kingdom

Prime broker UBS AG LONDON, United Kingdom

Provider details

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

ERNST & YOUNG, LTD.
PCAOB 1655

BARCLAYS CAPITAL INC.
SEC 8-41342

BNP PARIBAS SECURITIES CORP.
SEC 8-32682

CANTOR FITZGERALD & CO.
SEC 8-201

CF SECURED, LLC
SEC 8-69863

CITIGROUP GLOBAL MARKETS INC.
SEC 8-8177

GOLDMAN SACHS INTERNATIONAL
LEI W22LROWP2IHZNBB6K528

JEFFERIES FINANCIAL PRODUCTS, LLC
LEI 549300VTTUT4EQ1V6W27

JEFFERIES FINANCIAL SERVICES, INC.
LEI O26QTPAJC1X7058KCW11

JEFFERIES LLC
SEC 8-15074

J.P. MORGAN SECURITIES LLC
SEC 8-35008

MERRILL LYNCH INTERNATIONAL
LEI GGDZP1UYGU9STUHRDP48

MORGAN STANLEY & CO INTERNATIONAL PLC
LEI 4PQUHN3JPFGFNF3BB653

UBS AG
LEI BFM8T61CT2L1QCEMIK50

BARCLAYS CAPITAL INC.
CRD 19714 · SEC 8-41342

BNP PARIBAS SECURITIES CORP.
CRD 15794 · SEC 8-32682

CANTOR FITZGERALD & CO.
CRD 134 · SEC 8-201

CF SECURED, LLC
CRD 285841 · SEC 8-69863

CITIGROUP GLOBAL MARKETS INC.
CRD 7059 · SEC 8-8177

JEFFERIES LLC
CRD 2347 · SEC 8-15074

J.P. MORGAN SECURITIES LLC
CRD 79 · SEC 8-35008

Fund details & source

Fund ID: 805-5087819397
Reported beneficial owners: 87
Minimum commitment: $25M
Form D file number: 021-235352
Form D file number: 021-292467

Form ADV 2134908 · Sep 28, 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.

CALEDONIA CO-INVEST MASTER FUND LPHedge Fund · Last reported Sep 28, 2026$957MGross asset value