Investment adviser · CRD 316597

TANGENCY CAPITAL INVESTMENT ADVISORY LTD.

Investment adviser filing (IA)

HAMILTON, Bermuda · Form ADV filed Mar 20, 2026

Regulatory AUM: $3.45B
Client accounts: 6
Employees: 13
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	6	$3,452,377,875	100.0%

Filing source

Form ADV 2060516 · Mar 20, 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

4 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.

SELECT MARKET ACCESS FUND LTDOther Private Fund · Last reported Mar 20, 2026$1.75BGross asset value

Form D fundraising filings

Select Market Access Fund Ltd.

Fund administrator ARTEX FUND SERVICES LTD. HAMILTON, Bermuda Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LTD. HAMILTON, Bermuda

Custodian THE BANK OF NEW YORK MELLON 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

ERNST & YOUNG LTD.
PCAOB 1277

Fund details & source

Fund ID: 805-7432327029
Reported beneficial owners: 31
Minimum commitment: $5M
Form D file number: 021-355076

Form ADV 2060516 · Mar 20, 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.

SELECT TOP LAYER FUND LTD.Other Private Fund · Last reported Mar 20, 2026$500MGross asset value

Form D fundraising filings

Select Top Layer Fund Ltd.

Fund administrator ARTEX FUND SERVICES LTD. HAMILTON, Bermuda Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LTD. HAMILTON, Bermuda

Custodian THE BANK OF NEW YORK MELLON 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

ERNST & YOUNG LTD.
PCAOB 1277

Fund details & source

Fund ID: 805-9227086188
Reported beneficial owners: 13
Minimum commitment: $5M
Form D file number: 021-466634

Form ADV 2060516 · Mar 20, 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.

BEAR ISLAND QS FUND LTDOther Private Fund · Last reported Mar 20, 2026$370MGross asset value

Fund administrator ARTEX FUND SERVICES LTD. HAMILTON, Bermuda Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LTD. HAMILTON, Bermuda

Custodian THE BANK OF NEW YORK MELLON 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

ERNST & YOUNG LTD.
PCAOB 1277

Fund details & source

Fund ID: 805-3582766491
Reported beneficial owners: 2
Minimum commitment: $100M
Form D file number: 021-355076

Form ADV 2060516 · Mar 20, 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.

SELECT MARKET OPPORTUNITIES FUND LTDOther Private Fund · Last reported Mar 20, 2026$114MGross asset value

Form D fundraising filings

Select Market Opportunities Fund Ltd.

Fund administrator ARTEX FUND SERVICES LTD. HAMILTON, Bermuda Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LTD. HAMILTON, Bermuda

Custodian THE BANK OF NEW YORK MELLON 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

ERNST & YOUNG LTD.
PCAOB 1277

Fund details & source

Fund ID: 805-7025203011
Reported beneficial owners: 20
Minimum commitment: $1M
Form D file number: 021-466635

Form ADV 2060516 · Mar 20, 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.

Services & filing details

Most recent filing: Mar 20, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

45 REID STREET, WESSEX HOUSE, THIRD FLOOR
HAMILTON, HM12, Bermuda

CRD 316597

Filing source

Form ADV 2060516 · Mar 20, 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.