Investment adviser · CRD 158307

FIGURE INVESTMENT ADVISORS, LLC

Investment adviser filing (IA)

SAN FRANCISCO, CA, United States · Form ADV filed Mar 31, 2026

Regulatory AUM: $442M
Client accounts: 5
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
Investment companies	1	$327,410,108	74.0%
Pooled investment vehicles	4	$114,827,088	26.0%

Filing source

Form ADV 2045734 · Mar 31, 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

8 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.

FIGURE MARKETS SOL OPPORTUNITY FUND LPSecuritized Asset Fund · Last reported Mar 31, 2026$65MGross asset value

Form D fundraising filings

Figure Markets Real World Asset Fund LP

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

Auditor KPMG LLP CHICAGO, Illinois, United States

Custodian BITGO, INC. PALO ALTO, California, 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 LLP
PCAOB 185

Fund details & source

Fund ID: 805-3129088225
Reported beneficial owners: 37
Minimum commitment: $1
Form D file number: 021-517108

Form ADV 2045734 · Mar 31, 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.

FIGURE REIT, INC.Real Estate Fund · Last reported Mar 31, 2026$61.1MGross asset value

Form D fundraising filings

Figure REIT, Inc.

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

Auditor KPMG LLP CHICAGO, Illinois, United States

Custodian WSFS FINANCIAL CORPORATION WILMINGTON, Delaware, 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 LLP
PCAOB 185

WSFS FINANCIAL CORPORATION
LEI 549300SU7VQHD6QRG886

Fund details & source

Fund ID: 805-4432413649
Reported beneficial owners: 159
Minimum commitment: $1K
Form D file number: 021-464788

Form ADV 2045734 · Mar 31, 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.

FIGURE MARKETS OFFSHORE OPPORTUNITY FUND LPSecuritized Asset Fund · Last reported Mar 31, 2026$9.59MGross asset value

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

Auditor KPMG LLP CHICAGO, Illinois, United States

Custodian BITGO, INC. PALO ALTO, California, 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 LLP
PCAOB 185

BITGO, INC.
LEI 254900UPX35JR22RH064

Fund details & source

Fund ID: 805-9697307587
Reported beneficial owners: 4
Minimum commitment: $1

Form ADV 2045734 · Mar 31, 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.

FIGURE MARKETS REAL WORLD ASSET FUND, LPLiquidity Fund · Last reported Mar 31, 2026$0Gross asset value

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

Auditor KPMG LLP CHICAGO, Illinois, United States

Custodian LEAD BANK KANSAS CITY, Missouri, 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 LLP
PCAOB 185

LEAD BANK
LEI 254900489AYBH6QVA116

Fund details & source

Fund ID: 805-3251874285
Reported beneficial owners: 0
Minimum commitment: $0

Form ADV 2045734 · Mar 31, 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.

BWII, L.P.Hedge Fund · Last reported Mar 31, 2015$80.4MGross asset value

Form D fundraising filings

BWII L.P.

Feeder funds

BWII, LTD

Fund administrator SS&C GLOBEOP WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP SAN FRANCISCO, California, United States

Custodian CITI 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 MORGAN STANLEY SAN FRANCISCO, California, United States Related to adviser: No

Custodian NEWEDGE USA, LLC CHICAGO, Illinois, United States Related to adviser: No

Marketer PAPAMARKOU WELLNER & CO., INC. NEW YORK, New York, United States Related to adviser: No

Prime broker CITI 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

J.P. MORGAN SECURITIES LLC
SEC 8-35008

NEWEDGE USA, LLC
SEC 8-47023

PAPAMARKOU WELLNER & CO., INC.
CRD 10963 · SEC 8-29033

Fund details & source

Fund ID: 805-8587255336
Reported beneficial owners: 18
Minimum commitment: $1M
Form D file number: 021-89784

Form ADV 888669 · Mar 31, 2015 · 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.

CABEZON QUANT MARKET NEUTRAL FUND, L.P.Hedge Fund · Last reported Feb 16, 2012$10.9MGross asset value

Form D fundraising filings

Cabezon Quant Market Neutral Fund L.P.

Feeder funds

CABEZON QUANT MARKET NEUTRAL, LTD

Fund administrator THE CONIFER GROUP, LLC SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP SAN FRANCISCO, California, United States

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

Prime broker CITI 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

Fund details & source

Fund ID: 805-7533311217
Reported beneficial owners: 5
Minimum commitment: $500K
Form D file number: 021-169900

Form ADV 613382 · Feb 16, 2012 · 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.

FIGURE HELOC ACCESS FUND, LLCOther Private Fund · Last reported Jun 5, 2025$8.05MGross asset value

Form D fundraising filings

Figure HELOC Access Fund, LLC

Fund administrator FORMIDIUM CORP DOWNERS GROVE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Custodian FIRST REPUBLIC BANK SAN FRANCISCO, California, United States Related to adviser: No

Provider details

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

FIRST REPUBLIC BANK
LEI YWC0TIKBQM2JV8L4IV08

Fund details & source

Fund ID: 805-3266477950
Reported beneficial owners: 8
Minimum commitment: $100K
Form D file number: 021-508964

Form ADV 1996081 · Jun 5, 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: Mar 31, 2026. View historical filings

Reported services

Investment company portfolio management · Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

650 CALIFORNIA STREET, SUITE 200
SAN FRANCISCO, CA, 94108, United States

CRD 158307

Filing source

Form ADV 2045734 · Mar 31, 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.