Investment adviser · CRD 311751

CLEAR SKY ADVISERS, LLC

Investment adviser filing (IA)

CLEAR SKY CARBON SOLUTIONS INVESTMENT MANAGEMENT, LLC

BELLAIRE, TX, United States · Form ADV filed Sep 30, 2026

Regulatory AUM: $467M
Client accounts: 8
Employees: 5
Advisory professionals: 2

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	8	$466,558,339	100.0%

Filing source

Form ADV 2135717 · Sep 30, 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

9 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.

CARBON CC STRATEGY MASTER FUND II, LLCHedge Fund · Last reported Sep 30, 2026$192MGross asset value

Feeder funds

CARBON CC STRATEGY OFFSHORE II, LTD.

Fund administrator MUFG FUND SERVICES (CAYMAN) LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE, LLP NEW YORK, New York, United States

Custodian COMPLIANCE INSTRUMENT TRACKING SYSTEM SERVICE OF THE CALIFORNIA CAP-AND-TRADE PROGRAM SACRAMENTO, California, United States Related to adviser: No

Custodian JP MORGAN CHASE NEW YORK, New York, United States Related to adviser: No

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

Marketer MORGAN STANLEY & CO. LLC NEW YORK, 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: Yes

DELOITTE & TOUCHE, LLP
PCAOB 34

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 801-16048

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Fund details & source

Fund ID: 805-8382108746
Reported beneficial owners: 1
Minimum commitment: $1M
Form D file number: 021-407948

Form ADV 2135717 · Sep 30, 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.

PA CARBON I, LLCHedge Fund · Last reported Sep 30, 2026$190MGross asset value

Feeder funds

CS CARBON STRATEGY OFFSHORE, LTD.

Fund administrator MUFG FUND SERVICES (CAYMAN) LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE, LLP NEW YORK, New York, United States

Custodian COMPLIANCE INSTRUMENT TRACKING SYSTEM SERVICE (CITSS) OF THE CALIFORNIA CAP AND TRADE PROGRAM SACRAMENTO, California, United States Related to adviser: No

Custodian JP MORGAN CHASE NEW YORK, New York, United States Related to adviser: No

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

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

Prime broker ADM INVESTOR SERVICES, INC CHICAGO, Illinois, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

DELOITTE & TOUCHE, LLP
PCAOB 34

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 801-16048

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Fund details & source

Fund ID: 805-9622972886
Reported beneficial owners: 1
Minimum commitment: $1M
Form D file number: 021-407945

Form ADV 2135717 · Sep 30, 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.

MOJAVE CARBON STRATEGY MASTER FUND, LLCHedge Fund · Last reported Sep 30, 2026$42.8MGross asset value

Form D fundraising filings

Mojave Carbon Strategy Master Fund, LLC

Feeder funds

KRANE CALIFORNIA CARBON ALLOWANCE FUND, LTD.

Fund administrator MUFG FUND SERVICES (CAYMAN) LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE, LLP NEW YORK, New York, United States

Custodian MUFG FUND SERVICES (CAYMAN) LIMITED NY, New York, United States Related to adviser: No

Prime broker STONEX FINANCIAL, INC. NEW YORK, New York, United States

Provider details

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

DELOITTE & TOUCHE, LLP
PCAOB 34

Fund details & source

Fund ID: 805-9103616041
Reported beneficial owners: 11
Minimum commitment: $5M
Form D file number: 021-515181
Form D file number: 021-515206

Form ADV 2135717 · Sep 30, 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.

BCS CARBON LLCHedge Fund · Last reported Sep 30, 2026$40.7MGross asset value

Form D fundraising filings

BCS CARBON, LLC

Fund administrator MUFG FUND SERVICES (CAYMAN) LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE, LLP NEW YORK, New York, United States

Custodian ADM INVESTOR SERVICES, INC CHICAGO, Illinois, United States Related to adviser: No

Custodian COMPLIANCE INSTRUMENT TRACKING SYSTEM SERVICE (CITSS) OF THE CALIFORNIA CAP AND TRADE PROGRAM SACRAMENTO, California, United States Related to adviser: No

Custodian JP MORGAN CHASE NEW YORK, New York, 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

DELOITTE & TOUCHE, LLP
PCAOB 34

Fund details & source

Fund ID: 805-4298892640
Reported beneficial owners: 3
Minimum commitment: $0
Form D file number: 021-439760

Form ADV 2135717 · Sep 30, 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.

KRANE CSCS ENHANCED CARBON MASTER FUND, LLCHedge Fund · Last reported Sep 30, 2026$681KGross asset value

Feeder funds

KRANE CSCS ENHANCED CARBON OFFSHORE FUND

Fund administrator MUFG FUND SERVICES (CAYMAN) LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE, LLP NEW YORK, New York, United States

Custodian COMPLIANCE INSTRUMENT TRACKING SYSTEM SERVICE (CITSS) OF THE CALIFORNIA CAP AND TRADE PROGRAM SACRAMENTO, California, United States Related to adviser: No

Prime broker STONEX FINANCIAL, INC. NEW YORK, New York, United States

Provider details

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

DELOITTE & TOUCHE, LLP
PCAOB 34

Fund details & source

Fund ID: 805-5337300488
Reported beneficial owners: 1
Minimum commitment: $1M

Form ADV 2135717 · Sep 30, 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.

LUCID CLARITY MASTER FUND, L.P.Hedge Fund · Last reported Mar 28, 2024$238MGross asset value

Feeder funds

LUCID CLARITY OFFSHORE FUND, LTD.
LUCID CLARITY ONSHORE FUND, L.P.

Fund administrator MUFG FUND SERVICES (CAYMAN) LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE, LLP GRAND CAYMAN, Cayman Islands

Custodian MUFG FUND SERVICES (CAYMAN) LIMITED GRAND CAYMAN, Cayman Islands Related to adviser: No

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

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

Marketer SHEK ADVISORY, LLC JERICHO, New York, United States Related to adviser: No

Prime broker GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States

Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

DELOITTE & TOUCHE, LLP
PCAOB 34

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 801-16048

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Fund details & source

Fund ID: 805-1184915258
Reported beneficial owners: 14
Minimum commitment: $1M

Form ADV 1850724 · Mar 28, 2024 · 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.

EL DORADO ENVIRONMENTAL LLCHedge Fund · Last reported Jan 21, 2025$195MGross asset value

Form D fundraising filings

El Dorado Environmental LLC

Fund administrator MUFG FUND SERVICES (CAYMAN) LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE, LLP NEW YORK, New York, United States

Custodian JP MORGAN CHASE NEW YORK, New York, United States Related to adviser: No

Prime broker ADM INVESTOR SERVICES, INC CHICAGO, Illinois, United States

Provider details

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

DELOITTE & TOUCHE, LLP
PCAOB 34

Fund details & source

Fund ID: 805-6470038073
Reported beneficial owners: 2
Minimum commitment: $0
Form D file number: 021-439761

Form ADV 1929117 · Jan 21, 2025 · 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: Sep 30, 2026. View historical filings

Reported services

Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets · Performance-based

Principal office

6300 WEST LOOP SOUTH, SUITE 665
BELLAIRE, TX, 77401, United States

CRD 311751

Filing source

Form ADV 2135717 · Sep 30, 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.