HEARTWOOD FUNDS – investment adviser, $318M regulatory AUM (Form ADV)

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
Sovereign wealth & foreign institutions	Fewer than 5	$228,700,000	72.0%
Pooled investment vehicles	2	$88,900,000	28.0%

Filing source

Form ADV 2049705 · Mar 12, 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

3 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.

SANLAMALLIANZ AFRICA EQUITY FUND, LTDOther Private Fund · Last reported Mar 12, 2026$78.8MGross asset value

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

Auditor COHEN & COMPANY CLEVELAND, Ohio, United States

Custodian STANDARD CHARTERED BANK LIMITED CYBER CITY, Mauritius Related to adviser: No

Provider details

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

COHEN & COMPANY
PCAOB 925

Fund details & source

Fund ID: 805-1642333221
Reported beneficial owners: 3
Minimum commitment: $5M

Form ADV 2049705 · Mar 12, 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.

HEARTWOOD SEGREGATED MODEL PORTFOLIO COMPANIES SPCOther Private Fund · Last reported Mar 12, 2026$10.1MGross asset value

Fund administrator KANE LPI SOLUTIONS LIMITED HAMILTON, Bermuda Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor COHEN & COMPANY CLEVELAND, Ohio, United States

Custodian ALLFUNDS BANK INTERNATIONAL, S.A. LUXEMBOURG, Luxembourg Related to adviser: No

Custodian NORTHERN TRUST CORPORATION CHICAGO, Illinois, United States Related to adviser: No

Marketer PROSPERO INVESTMENT SOLUTIONS LIMITED HAMILTON, Bermuda Related to adviser: No

Provider details

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

COHEN & COMPANY
PCAOB 925

Fund details & source

Fund ID: 805-7546449183
Reported beneficial owners: 2
Minimum commitment: $100K

Form ADV 2049705 · Mar 12, 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.

SANLAM CENTRE SUB-SAHARAN AFRICA EQUITY FUND, LTD.Other Private Fund · Last reported Feb 8, 2022$54.2MGross asset value

Feeder funds

SANLAM CENTRE SUB-SAHARAN AFRICA EQUITY FUND, LLC

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

Auditor COHEN & COMPANY CLEVELAND, Ohio, United States

Custodian STANDARD CHARTERED BANK LIMITED CYBER CITY, Mauritius Related to adviser: No

Provider details

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

COHEN & COMPANY
PCAOB 925

Fund details & source

Fund ID: 805-8390692537
Reported beneficial owners: 1
Minimum commitment: $5M

Form ADV 1598376 · Feb 8, 2022 · 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 12, 2026. View historical filings

Reported services

Pooled investment vehicle management · Business portfolio management · Selection of other advisers

Compensation

Percentage of assets · Fixed · Performance-based

Principal office

48 WALL STREET, SUITE 1100
NEW YORK, NY, 10005, United States

CRD 136940

Filing source

Form ADV 2049705 · Mar 12, 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.