Investment adviser · CRD 167257

EUPHRATES ADVISORS

Investment adviser filing (IA)

EUPHRATES ADVISORS LLC

WASHINGTON, DC, United States · Form ADV filed Mar 10, 2026

Regulatory AUM: $539M
Client accounts: 3
Employees: 5
Advisory professionals: 3

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	3	$539,014,509	100.0%

Filing source

Form ADV 2056274 · Mar 10, 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

5 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.

EUPHRATES IRAQ FUND LTD.Hedge Fund · Last reported Mar 10, 2026$397MGross asset value

Form D fundraising filings

Euphrates Iraq Fund Ltd.

Fund administrator TRIDENT TRUST COMPANY (CAYMAN) LTD. GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor RSM US LLP NEW YORK, New York, United States

Custodian IRAQI DEPOSITORY CENTER BAGHDAD, Iraq Related to adviser: No

Provider details

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

RSM US LLP
PCAOB 49

Fund details & source

Fund ID: 805-6162357033
Reported beneficial owners: 78
Minimum commitment: $100K
Form D file number: 021-154390

Form ADV 2056274 · Mar 10, 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.

EUPHRATES NEW FRONTIERS LPHedge Fund · Last reported Mar 10, 2026$132MGross asset value

Form D fundraising filings

Euphrates New Frontiers LP

Fund administrator TRIDENT FUND SERVICES, INC. ATLANTA, Georgia, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor RSM US LLP NEW YORK, New York, United States

Custodian U.S. BANK NATIONAL ASSOCIATION 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: No

RSM US LLP
PCAOB 49

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source

Fund ID: 805-6721169413
Reported beneficial owners: 7
Minimum commitment: $500K
Form D file number: 021-525411

Form ADV 2056274 · Mar 10, 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.

EUPHRATES VENTURES LPVenture Capital Fund · Last reported Mar 10, 2026$9.97MGross asset value

Form D fundraising filings

Euphrates Ventures LP

Fund administrator TRIDENT FUND SERVICES, INC. ATLANTA, Georgia, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor RSM US LLP NEW YORK, New York, United States

Provider details

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

RSM US LLP
PCAOB 49

Fund details & source

Fund ID: 805-3021225400
Reported beneficial owners: 17
Minimum commitment: $250K
Form D file number: 021-406534

Form ADV 2056274 · Mar 10, 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.

EUPHRATES FUND III LTD.Hedge Fund · Last reported Feb 13, 2018$7.51MGross asset value

Fund administrator TRIDENT TRUST COMPANY (CAYMAN) LTD. GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor RSM US LLP NEW YORK, New York, United States

Custodian IRAQI DEPOSITORY CENTER BAGHDAD, Iraq Related to adviser: No

Provider details

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

RSM US LLP
PCAOB 49

Fund details & source

Fund ID: 805-2137625098
Reported beneficial owners: 1
Minimum commitment: $100K

Form ADV 1175589 · Feb 13, 2018 · 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.

EUPHRATES FUND II LTD.Hedge Fund · Last reported Mar 20, 2014$6.74MGross asset value

Fund administrator TRIDENT TRUST COMPANY (CAYMAN) LTD. GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ROTHSTEIN, KASS & COMPANY (CAYMAN) GRAND CAYMAN, Cayman Islands

Custodian IRAQI DEPOSITORY CENTRE BAGHDAD, Iraq Related to adviser: No

Provider details

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

Fund details & source

Fund ID: 805-5729015101
Reported beneficial owners: 1
Minimum commitment: $100K

Form ADV 798437 · Mar 20, 2014 · 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: Mar 10, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

20 F STREET, NW, 7TH FLOOR
WASHINGTON, DC, 20001, United States

CRD 167257

Filing source

Form ADV 2056274 · Mar 10, 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.