Investment adviser · CRD 164003

WARBERG ASSET MANAGEMENT LLC

Investment adviser filing (IA)

WINNETKA, IL, United States · Form ADV filed Mar 31, 2026

Regulatory AUM: $806M
Client accounts: 22
Employees: 10
Advisory professionals: 7

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	5	$725,297,563	90.0%
Corporations & businesses	4	$80,571,717	10.0%

Filing source

Form ADV 2078057 · 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

18 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.

WARBERG CA FUND LPHedge Fund · Last reported Mar 31, 2026$592MGross asset value

Form D fundraising filings

Warberg CA Fund LP

Fund administrator NAV CONSULTING OAK BROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor BAKER TILLY US, LLP CHICAGO, Illinois, United States

Custodian BTIG LLC NEW YORK CITY, New York, United States Related to adviser: No

Custodian FIFTH THIRD BANK CINCINNATI, Ohio, United States Related to adviser: No

Custodian NATIONAL FINANCIAL SERVICES BOSTON, Massachusetts, United States Related to adviser: No

Custodian STIFEL FINANCIAL CORP. ST. LOUIS, Missouri, United States Related to adviser: No

Prime broker BTIG NEW YORK CITY, New York, United States

Prime broker NATIONAL FINANCIAL SERVICES BOSTON, Massachusetts, United States

Provider details

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

BAKER TILLY US, LLP
PCAOB 23

Fund details & source

Fund ID: 805-9944819769
Reported beneficial owners: 81
Minimum commitment: $250K
Form D file number: 021-255481

Form ADV 2078057 · 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.

WARBERG WF XIII LPHedge Fund · Last reported Mar 31, 2026$44.6MGross asset value

Form D fundraising filings

Warberg WF XIII LP

Fund administrator NAV CONSULTING OAK BROOKTERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor BAKER TILLY US, LLP CHICAGO, Illinois, United States

Custodian CELADON FINANCIAL GROUP LLC MORRISTOWN, New Jersey, United States Related to adviser: No

Custodian FIFTH THIRD BANK CINCINNATI, Ohio, United States Related to adviser: No

Custodian NATIONAL FINANCIAL SERVICES LLC BOSTON, Massachusetts, United States Related to adviser: No

Prime broker FIDELITY INVESTMENT SERVICES BOSTON, Massachusetts, United States

Provider details

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

BAKER TILLY US, LLP
PCAOB 23

CELADON FINANCIAL GROUP LLC
SEC 8-47288

NATIONAL FINANCIAL SERVICES LLC
SEC 8-26740

Fund details & source

Fund ID: 805-3809205194
Reported beneficial owners: 57
Minimum commitment: $250K
Form D file number: 021-555728

Form ADV 2078057 · 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.

WARBERG WF XII LPHedge Fund · Last reported Mar 31, 2026$38.6MGross asset value

Form D fundraising filings

Warberg WF XII LP

Fund administrator NAV CONSULTING OAKBROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor BAKER TILLY US, LLP CHICAGO, Illinois, United States

Custodian FIFTH THIRD BANK CINCINNATI, Ohio, United States Related to adviser: No

Custodian NATIONAL FINANCIAL SERVICES BOSTON, Massachusetts, United States Related to adviser: No

Prime broker FIDELITY INVESTMENT SERVICES BOSTON, Massachusetts, United States

Provider details

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

BAKER TILLY US, LLP
PCAOB 23

Fund details & source

Fund ID: 805-1903718357
Reported beneficial owners: 53
Minimum commitment: $250K
Form D file number: 021-520587

Form ADV 2078057 · 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.

WARBERG SPAC FUND LPHedge Fund · Last reported Mar 31, 2026$31.2MGross asset value

Form D fundraising filings

Warberg SPAC Fund LP

Fund administrator NAV CONSULTING OAK BROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor BAKER TILLY US, LLP CHICAGO, Illinois, United States

Custodian FIFTH THIRD BANK CINCINNATI, Ohio, United States Related to adviser: No

Custodian NATIONAL FINANCIAL SERVICES BOSTON, Massachusetts, United States Related to adviser: No

Prime broker FIDELITY INVESTMENT SERVICES CHICAGO, Illinois, United States

Provider details

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

BAKER TILLY US, LLP
PCAOB 23

Fund details & source

Fund ID: 805-9905109139
Reported beneficial owners: 19
Minimum commitment: $500K
Form D file number: 021-366437

Form ADV 2078057 · 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.

WARBERG SPECIAL SITUATIONS FUND LPHedge Fund · Last reported Mar 31, 2026$19.4MGross asset value

Form D fundraising filings

Warberg Special Situations Fund LP

Fund administrator NAV OAK BROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor BAKER TILLY US, LLP CHICAGO, Illinois, United States

Custodian APEX CLEARING CORP. DALLAS, Texas, United States Related to adviser: No

Custodian FIFTH THIRD BANK CINCINNATI, Ohio, United States Related to adviser: No

Custodian NATIONAL FINANCIAL SERVICES BOSTON, Massachusetts, United States Related to adviser: No

Custodian OPPENHEIMER & CO., INC. NEW YORK, New York, United States Related to adviser: No

Prime broker APEX CLEARING CORP. DALLAS, Texas, United States

Prime broker FIDELITY INVESTMENT SERVICES CHICAGO, Illinois, United States

Prime broker OPPENHEIMER & CO., 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

BAKER TILLY US, LLP
PCAOB 23

Fund details & source

Fund ID: 805-4398162833
Reported beneficial owners: 15
Minimum commitment: $500K
Form D file number: 021-369355

Form ADV 2078057 · 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.

WARBERG WF X, LPHedge Fund · Last reported Mar 28, 2024$61.6MGross asset value

Fund administrator NAV CONSULTING OAK BROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor BAKER TILLY US, LLP CHICAGO, Illinois, United States

Custodian CELADON FINANCIAL GROUP MORRISTOWN, New Jersey, United States Related to adviser: No

Custodian FIFTH THIRD BANK CINCINNATI, Ohio, United States Related to adviser: No

Custodian NATIONAL FINANCIAL SERVICES BOSTON, Massachusetts, United States Related to adviser: No

Prime broker FIDELITY INVESTMENT SERVICES CHICAGO, Illinois, United States

Provider details

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

BAKER TILLY US, LLP
PCAOB 23

Fund details & source

Fund ID: 805-8871462997
Reported beneficial owners: 48
Minimum commitment: $250K

Form ADV 1855914 · 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.

WARBERG WF IX LPHedge Fund · Last reported Mar 29, 2023$58.1MGross asset value

Fund administrator NAV CONSULTING OAK BROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor BAKER TILLY US, LLP CHICAGO, Illinois, United States

Custodian FIFTH THIRD BANK CINCINNATI, Ohio, United States Related to adviser: No

Custodian NATIONAL FINANCIAL SERVICES BOSTON, Massachusetts, United States Related to adviser: No

Custodian STIFEL FINANCIAL CORP. ST. LOUIS, Missouri, United States Related to adviser: No

Prime broker FIDELITY INVESTMENT SERVICES CHICAGO, Illinois, United States

Provider details

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

BAKER TILLY US, LLP
PCAOB 23

Fund details & source

Fund ID: 805-3702250123
Reported beneficial owners: 36
Minimum commitment: $250K

Form ADV 1739554 · Mar 29, 2023 · 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

Individual portfolio management · Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

716 OAK STREET
WINNETKA, IL, 60093, United States

CRD 164003

Filing source

Form ADV 2078057 · 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.