EFTA00286421.pdf

FORM ADV OMB: 3235-0049 UNIFORM APPLICATION FOR INVESTMENT ADVISER REGISTRATION Primary Business Name: CORBIN CAPITAL PARTNERS, L.P. IIARD/CRD Number: Rev. 11/2010 WARNING: Complete this form truthfully. False statements or omissions may result in denial of your application, revocation of your registration, or criminal prosecution. You must keep this form updated by filing periodic amendments. See Form ADV General Instruction 3. Item 1 Identifying Information Responses to this Item tell us who you are, where you are doing business, and how we can contact you. A. Your full legal name (if you are a sole proprietor, your last, first, and middle names): CORBIN CAPITAL PARTNERS, L.P. B. Name under which you primarily conduct your advisory business, If different from Item 1.A. CORBIN CAPITAL PARTNERS, L.P. List on Section 1.B. of Schedule D any additional names under which you conduct your advisory business. C. If this filing is reporting a change in your legal name (Item 1.A.) or primary business name (Item 1.B.), enter the new name and specify whether the name change is of r your legal name or r your primary business name: D. If you are registered with the SEC as an Investment adviser, your SEC file number: E. If you have a number ("CRD Num ].assigned by FINRA's CRD system or by the IARD system, your CRD number: If your firm does not have a CRD number, skip this Item I.E. Do not provide the CRD number of one of your officers, employees, or affiliates. F. Principal Office and Place of Business (1) Address (do not use a P.O. Box): Number and Street 1: Number and Street 2: 590 MADISON AVENUE 31ST FLOOR City: State: Country: ZIP+4/Postal Code: NEW YORK NY UNITED STATES 10022 If this address is a private residence, check this box: r List on Section 1.F. of Schedule D any office, other than your principal office and place of business, at which you conduct investment advisory business. If you are applying for registration, or are registered, with one or more state securities authorities, you must list all of your offices in the state or states to which you are applying for registration or with whom you are registered. If you are applying for registration, or are registered only, with the SEC, list the largest five offices in terms of numbers of employees. (2) Days of week that you normally conduct business at your principal office and place of business: 0 Monday-Friday Other: Normal business hours at this location: 8:30AM - 6:00PM (3) Telephone number at this location: EFTA00286421  (4) imil m r at this location: G. Mailing address, if different from your principal office and place of business address: Number and Street 1: Number and Street 2: City: State: Country: ZIP+4/Postal Code: If this address is a private residence, check this box: r H. If you are a sole proprietor, state your full residence address, if different from your principal office and place of business address in Item 1.F.: Number and Street 1: Number and Street 2: City: State: Country: ZIP+4/Postal Code: YES NO I. Do you have World Wide Web site addresses? 0 If "yes," list these addresses on Section 1.1. of Schedule D. If a web address serves as a portal through which to access other information you have published on the World Wide Web, you may list the portal without listing addresses for all of the other information. Some advisers may need to list more than one portal address. Do not provide individual electronic mail addresses in response to this Item. J. Contact Employee: Name: Title: Telephone Number: Facsimile Number: Number and Street 1: Number and Street 2: City: State: Country: ZIP+4/Postal Code: Electronic mail (e-mail) address, if contact employee has one: The contact employee should be an employee whom you have authorized to receive information and respond to questions about this Form ADV. YES NO K. Do you maintain some or all of the books and records you are required to keep under o Section 204 of the Advisers Act, or similar state law, somewhere other than your principal office and place of business? If "yes," complete Section 1.K. of Schedule D. YES NO L. Are you registered with a foreign financial regulatory authority? 0 Answer "no" if you are not registered with a foreign financial regulatory authority, even if you have an affiliate that is registered with a foreign financial regulatory authority. If "yes", complete Section 1.L. of Schedule D. EFTA00286422  FORM ADV OMB: 3235-0049 UNIFORM APPLICATION FOR INVESTMENT ADVISER REGISTRATION Primary Business Name: CORBIN CAPITAL PARTNERS, L.P. IIARD/CRD Number: Rev. 2010 WARNING: Complete this form truthfully. False statements or omissions may result in denial of your application, revocation of your registration, or criminal prosecution. You must keep this form updated by filing periodic amendments. See Form ADV General Instruction 3. Item 1 Identifying Information Responses to this Item tell us who you are, where you are doing business, and how we can contact you. A. Your full legal name (if you are a sole proprietor, your last, first, and middle names): CORBIN CAPITAL PARTNERS, L.P. B. Name under which you primarily conduct your advisory business, if different from Item 1.A. CORBIN CAPITAL PARTNERS, L.P. List on Section 1.8. of Schedule D any additional names under which you conduct your advisory business. C. If this filing is reporting a change in your legal name (Item 1.A.) or primary business name (Item 1.6.), enter the new name and specify whether the name change is of r your legal name or r your primary business name: D. If you are registered with the SEC as an investment adviser, your SEC file number: E. If you have a number ("CRD Numbibsigned by FINRA's CRD system or by the LARD system, your CRD number: If your firm does not have a CRD number, skip this Item 1.E. Do not provide the CRD number of one of your officers, employees, or affiliates. F. Principal Office and Place of Business (1) Address (do not use a P.O. Box): Number and Street 1: Number and Street 2: 590 MADISON AVENUE 31ST FLOOR City: State: Country: ZIP+4/Postal Code: NEW YORK NY UNITED STATES 10022 If this address is a private residence, check this box: r List on Section 1.F. of Schedule D any office, other than your principal office and place of business, at which you conduct investment advisory business. If you are applying for registration, or are registered, with one or more state securities authorities, you must list all of your offices in the state or states to which you are applying for registration or with whom you are registered. If you are applying for registration, or are registered only, with the SEC, list the largest five offices in terms of numbers of employees. (2) Days of week that you normally conduct business at your principal office and place of business: Monday-Friday r Other: Normal business hours at this location: 8:30AM - 6:00PM EFTA00286423  (3) Tele hone number at this location: (4) Facsimile number at this location: G. Mailing address, if different from your principal office and place of business address: Number and Street 1: Number and Street 2: City: State: Country: ZIP+4/Postal Code: If this address is a private residence, check this box: r H. If you are a sole proprietor, state your full residence address, if different from your principal office and place of business address in Item 1.F.: Number and Street 1: Number and Street 2: City: State: Country: ZIP+4/Postal Code: YES NO I. Do you have World Wide Web site addresses? If "yes," list these addresses on Section 1.1. of Schedule D. If a web address serves as a portal through which to access other information you have published on the World Wide Web, you may list the portal without listing addresses for all of the other information. Some advisers may need to list more than one portal address. Do not provide individual electronic mail addresses in response to this Item. J. Contact Employee: Name: Title: Telephone Number: Facsimile Number: Number and Street 1: Number and Street 2: City: State: Country: ZIP+4/Postal Code: Electronic mail (e-mail) address, if contact employee has one: The contact employee should be an employee whom you have authorized to receive information and respond to questions about this Form ADV. YES NO K. Do you maintain some or all of the books and records you are required to keep under cr Section 204 of the Advisers Act, or similar state law, somewhere other than your principal office and place of business? If "yes," complete Section 1.K. of Schedule D. YES NO L. Are you registered with a foreign financial regulatory authority? r- a Answer "no" if you are not registered with a foreign financial regulatory authority, even if you have an affiliate that is registered with a foreign financial regulatory authority. If "yes", complete Section 1.L. of Schedule D. FORM ADV OMB: 3235-0049 UNIFORM APPLICATION FOR INVESTMENT ADVISER REGISTRATION Primary Business Name: CORBIN CAPITAL PARTNERS, L.P. IARD/CRD Number: Rev. ”1 1.1 Item 2 SEC Registration Responses to this Item help us (and you) determine whether you are eligible to register with the SEC. Complete this Item 2 only if you are applying for SEC registration or submitting an annual EFTA00286424 updating amendment to your SEC registration. A. To register (or remain registered) with the SEC, you must check at least one of the Items 2.A (1) through 2.A(11), below. If you are submitting an annual updating amendment to your SEC registration and you are no longer eligible to register with the SEC, check Item 2.A(12). You: (1)have assets under management of $25 million (in U.S. dollars) or more; See Part 1A Instruction 2.a. to determine whether you should check this box. ✓ (2)have your principal office and place of business in Wyoming; ✓ (3)have your principal office and place of business outside the United States; ✓ (4)are an investment adviser (or sub-adviser) to an investment company registered under the Investment Company Act of 1940; See Part lA Instruction 2.b. to determine whether you should check this box. r (5)have been designated as a nationally recognized statistical rating organization; See Part 1A Instruction 2.c. to determine whether you should check this box. r (6)are a pension consultant that qualifies for the exemption in rule 203A-2(b); See Part 1A Instruction 2.d. to determine whether you should check this box. ✓ (7)are relying on rule 203A-2(c) because you are an investment adviser that controls, is controlled by, or is under common control with, an Investment adviser that is registered with the SEC, and your principal office and place of business is the same as the registered adviser; See Part 1A Instruction 2.e. to determine whether you should check this box. If you check this box, complete Section 2.A(7) of Schedule D. ✓ (8)are a newly formed adviser relying on rule 203A-2(d) because you expect to be eligible for SEC registration within 120 days; See Part IA Instruction 2.1 to determine whether you should check this box. If you check this box, complete Section 2.A(8) of Schedule D. ✓ (9) are a multi-state adviser relying on rule 203A-2(e); See Part 1A Instruction 2.g. to determine whether you should check this box. If you check this box, complete Section 2.A(9) of Schedule D. ✓ (10)are an Internet investment adviser relying on rule 203A-2(f); See Part 1A Instructions 2.h. to determine whether you should check this box. ✓ (11)have received an SEC order exempting you from the prohibition against registration with the SEC; If you checked this box, complete Section 2.A(11) of Schedule D. ✓ (12)are no longer eligible to remain registered with the SEC. EFTA00286425  See Part 1A Instructions 2.i. to determine whether you should check this box. B. Under state laws, SEC-registered advisers may be required to provide to state securities authorities a copy of the Form ADV and any amendments they file with the SEC. These are called notice filings. If this is an initial application, check the box(es) next to the state(s) that you would like to receive notice of this and all subsequent filings you submit to the SEC. If this is an amendment to direct your notice filings to additional state(s), check the box(es) next to he state(s) that you would like to receive notice of this and all subsequent filings you submit o the SEC. If this is an amendment to your registration to stop your notice filings from going o state(s) that currently receive them, uncheck the boxes) next to those state s . r AL r ID r MO 7 PA r AK r IL r MT r PR r AZ r IN r NE r RI r AR r IA r NV r SC r CA r KS r NH r SD r co r KY r NJ r TN r CT r LA r NM r Tx r DE r ME r NY r UT r DC r MD r NC r VT r FL r MA r ND r VI r GA r MI r OH r VA r GU r mm r OK r WA r HI r ms r OR r WV r WI If you are amending your registration to stop your notice filings from going to a state that currently receives them and you do not want to pay that state's notice filing fee for the coming year, your amendment must filed before the end of the year (December 31). FORM ADV OMB: 3235-0049 UNIFORM APPLICATION FOR INVESTMENT ADVISER REGISTRATION Primary Business Name: CORBIN CAPITAL PARTNERS, L.P. IIARD/CRD Number: Rev. 11 2010 Item 3 Form Of Organization A. How are you organized? C Corporation r Sole Proprietorship r Limited Liability Partnership (LLP) 0 Partnership C Limited Liability Company (LLC) r Other (specify): If you are changing your response to this Item, see Part /A Instruction 4. EFTA00286426  B. In what month does your fiscal year end each year? December C. Under the laws of what state or country are you organized? State: Country: Delaware UNITED STATES FORM ADV OMB: 3235-0049 UNIFORM APPLICATION FOR INVESTMENT ADVISER REGISTRATION Primary Business Name: CORBIN CAPITAL PARTNERS, L.P. IARD/CRD Number: RR Rev. Item 4 Successions YES NO A. Are you, at the time of this filing, succeeding to the business of a registered investment adviser? If "yes," complete Item 4.B. and Section 4 of Schedule D. B. Date of Succession: (mm/orwwv) EFTA00286427  If you have already reported this succession on a previous Form ADV filing, do not report the succession again. Instead, check "No." See Part 1A Instruction 4. FORM ADV OMB: 3235-0049 UNIFORM APPLICATION FOR INVESTMENT ADVISER REGISTRATION Primary Business Name: CORBIN CAPITAL PARTNERS,■ IIARD/CRD Number: 130819 Rev. 11/2010 Item 5 Information About Your Advisory Business Responses to this Item help us understand your business, assist us in preparing for on-site examinations, and provide us with data we use when making regulatory policy. Part 1A Instruction 5.a. provides additional guidance to newly-formed advisers for completing this Item 5. Employees A. Approximately how many employees do you have? Include full and part-time employees but do not include any clerical workers. EFTA00286428  • 1- 5 r 6-10 0 11-50 r 51-250 r 251-500 ✓ 501-1,000 More than If more than 1,000, how many? (round to the nearest 1,000) 1,000 B. (1) Approximately how many of these employees perform investment advisory functions (including research)? ✓0 r 1-5 r 6-10 11-50 r 51-250 If more than 1,000, how many? • 251-500 • 501-1,000 More than (round to the nearest 1,000) 1,000 (2) Approximately how many of these employees are registered representatives of a broker- dealer? 0 ✓ 1-5 r 6-10 r11-50 r 51-250 ✓ 251-500 ✓ 501-1,000 r More than If more than 1,000, how many? (round to the nearest 1,000) 1,000 If you are organized as a sole proprietorship, include yourself as an employee in your responses to Items 5.A(1) and 5.8(2). If an employee performs more than one function, you should count that employee in each of your responses to Item 5.8(1) and 5.8(2). (3) Approximately how many firms or other persons solicit advisory clients on your behalf? • 0 1-5 r 6-10 11-50 r 51-250 ✓ 251-500 r 501-1,000 More than If more than 1,000, how many? (round to the nearest 1,000) 1,000 In your response to Item 5.8(3), do not count any of your employees and count a firm only once -- do not count each of the firm's employees that solicit on your behalf. Clients C. To approximately how many clients did you provide investment advisory services during your most-recently completed fiscal year? • 0 • 110 o 11-25 r 26-100 r 101-250 If more than 500, how many? • 251-500 • More than 500 (round to the nearest 500) D. What types of clients do you have? Indicate the None Up 11- 26- 51- More approximate percentage that each type of client to 25% 50% 75% Than comprises of your total number of clients. 10% 75% (1) Individuals (other than high net worth a r c- r r r individuals) (2) High net worth Individuals o r r r r r (3) Banking or thrift institutions a r r. r C r (4) Investment companies (including mutual funds) o r r r C r (5) Pension and profit sharing plans (other than () e r r r e plan participants) (6) Other pooled investment vehicles (e.g., hedge EFTA00286429  funds) r r r r r 0 (7) Charitable organizations 0 r r r r r (8) Corporations or other businesses not listed r r r r r above (9) State or municipal government entities 0 r r r c r (10) Other: o r r r r r The category "Individuals" Includes trusts, estates, 401(k) plans and IRAs of individuals and their family members, but does not include businesses organized as sole proprietorships. Unless you provide advisory services pursuant to an investment advisory contract to an investment company registered under the Investment Company Act of 1940, check "None" In response to Item 5.D(4). Compensation Arrangements E. You are compensated for your investment advisory services by (check all that apply): 0(1) A percentage of assets under your management r (2) Hourly charges ✓ (3) Subscription fees (for a newsletter or periodical) (4) Fixed fees (other than subscription fees) ✓ (5) Commissions (6) Performance-based fees ✓ (7) Other (specify): Assets Under Management YES NO F. (1) Do you provide continuous and regular supervisory or management services to o r securities portfolios? (2) If yes, what is the amount of your assets under management and total number of accounts? U.S. Dollar Amount Total Number of Accounts Discretionary: (a) $ 2661053956.00 (d) 14 Non-Discretionary: (b) $ 68529012.00 (e) 2 Total: (c) $ 2729582968.00 (f) 16 Part 1A Instruction 5.b. explains how to calculate your assets under management. You must follow these instructions carefully when completing this Item. Advisory Activities G. What type(s) of advisory services do you provide? Check all that apply. ✓ (1) Financial planning services ✓ (2) Portfolio management for individuals and/or small businesses ✓ (3) Portfolio management for investment companies 113 (4) Portfolio management for businesses or institutional clients (other than investment companies) ✓ (5) Pension consulting services EFTA00286430  ✓ (6) Selection of other advisers ✓ (7) Publication of periodicals or newsletters ✓ (8) Security ratings or pricing services ✓ (9) Market timing services (10) Other (specify): PORTFOLIO MANAGEMENT FOR POOLED INVESTMENT VEHICLES Do not check Item 5.G(3) unless you provide advisory services pursuant to an investment advisory contract to an investment company registered under the Investment Company Act of 1940. H.If you provide financial planning services, to how many clients did you provide these services during your last fiscal year? 1-10 r 11-25 26-50 r 51-100 r 101-250 r 251-500 r More than 500 If more than 500, how many? (round to the nearest 500) I. If you participate in a wrap fee program, do you (check all that apply): ✓ (1) sponsor the wrap fee program ? ✓ (2) act as a portfolio manager for the wrap fee program? If you are a portfolio manager for a wrap fee program, list the names of the programs and their sponsors in Section 5.1(2) of Schedule D. If your involvement in a wrap fee program is limited to recommending wrap fee programs to your clients , or you advise a mutual fund that is offered through a wrap fee program, do not check either Item 5.1(1) or 5.1(2). FORM ADV OMB: 3235-0049 UNIFORM APPLICATION FOR INVESTMENT ADVISER REGISTRATION Primary Business Name: CORBIN CAPITAL PARTNERS L.P. IIARD/CRD Number: Rev. 11 2010 Item 6 Other Business Activities In this Item, we request information about your other business activities. A. You are actively engaged in business as a (check all that apply): ✓ (1) Broker-dealer ✓ (2) Registered representative of a broker-dealer (3) Futures commission merchant, commodity pool operator, or commodity trading advisor r (4) Real estate broker, dealer, or agent r (5) Insurance broker or agent r (6) Bank (including a separately identifiable department or division of a bank) r (7) Other financial product salesperson (specify): YES NO EFTA00286431  B. (1) Are you actively engaged in any other business not listed in Item 6.A. (other than C giving investment advice)? (2) If yes, is this other business your primary business? r If "yes," describe this other business on Section 6.8. of Schedule D. YES NO (3) Do you sell products or provide services other than investment advice to your advisory clients? FORM ADV OMB: 3235-0049 UNIFORM APPLICATION FOR INVESTMENT ADVISER REGISTRA N i Primary Business Name: CORBIN CAPITAL PARTNERS, L.P. IARD/CRD Number: Rev. 11/2010 Item 7 Financial Industry Affiliations In this Item, we request information about your financial industry affiliations and activities. This information identifies areas in which conflicts of interest may occur between you and your clients. Item 7 requires you to provide information about you and your related persons. Your related persons are all of your advisory affiliates and any related person that is under common control with you. A. You have a related person that is a (check all that apply): ✓ (1) broker-dealer, municipal securities dealer, or government securities broker or dealer ✓ (2) investment company (including mutual funds) ri (3) other investment adviser (including financial planners) II (4) futures commission merchant, commodity pool operator, or commodity trading advisor ✓ (5) banking or thrift institution ✓ (6) accountant or accounting firm ✓ (7) lawyer or law firm ✓ (8) insurance company or agency EFTA00286432  r (9) pension consultant r (10) real estate broker or dealer (11) sponsor or syndicator of limited partnerships If you checked Items 7.A.(1) or (3), you must list on Section 7.A. of Schedule D all your related persons that are investment advisers, broker-dealers, municipal securities dealers, or government securities broker or dealers. Yes No B. Are you or any related person a general partner in an investment-related limited C partnership or manager of an investment-related limited liability company, or do you advise any other "private fund" as defined under SEC rule 203(b)(3)-1? If "yes," for each limited partnership or limited liability company, or (if applicable) private fund, complete Sec: ion 7 of Schedule 0 . If, however, you are an SEC- registered adviser and you have related persons that are SEC-registered advisers who are the general partners of limited partnerships or the managers of limited liability companies, you do not have to complete section ;'.B of Schedule 0 with respect to those related advisers' limited partnerships or limited liability companies. To use this alternative procedure, you must state In the Miscellaneous Section of Schedule D :(1) that you have related SEC-registered investment advisers that manage limited partnerships or limited liability companies that are not listed in Section 7.8. of Schedule D ; (2) that complete and accurate information about those limited partnerships or limited liability companies is available in Section 7.8. of Schedule D of the Form ADVs of your related SEC-registered advisers; and (3) whether your clients are solicited to invest in any of those limited partnerships or limited liability companies. FORM ADV OMB: 3235-0049 UNIFORM APPLICATION FOR INVESTMENT ADVISER REGISTRATION Primary Business Name: CORBIN CAPITAL PARTNERS, L.P. IARD/CRD Number: Rev. 1.1 :3101 Item 8 Participation or Interest in Client Transactions In this Item, we request information about your participation and interest in your clients' transactions. Like Item 7, this information identifies areas In which conflicts of interest may occur between you and your clients. Like Item 7, Item 8 requires you to provide information about you and your related persons. Proprietary Interest in Client Transactions A. Do you or any related person: Yes No (1) buy securities for yourself from advisory clients, or sell securities you own to advisory clients (principal transactions)? (2) buy or sell for yourself securities (other than shares of mutual funds) that you also recommend to advisory clients? (3) recommend securities (or other investment products) to advisory clients in which you or any related person has some other proprietary (ownership) interest (other than those mentioned in Items 8.A(1) or (2))? Sales Interest in Client Transactions B. Do you or arty related person: Yes No EFTA00286433  (1) as a broker-dealer or registered representative of a broker-dealer, execute securities trades for brokerage customers in which advisory client securities are sold to or bought from the brokerage customer (agency cross transactions)? (2) recommend purchase of securities to advisory clients for which you or any related o C person serves as underwriter, general or managing partner, or purchaser representative? (3) recommend purchase or sale of securities to advisory clients for which you or any C 0 related person has any other sales interest (other than the receipt of sales commissions as a broker or registered representative of a broker-dealer)? Investment or Brokerage Discretion C. Do you or any related person have discretionary authority to determine the: Yes No (1) securities to be bought or sold for a client's account? 0 C (2) amount of securities to be bought or sold for a client's account? 0 C (3) broker or dealer to be used for a purchase or sale of securities for a client's o C account? (4) commission rates to be paid to a broker or dealer for a client's securities 0 C transactions? D. Do you or any related person recommend brokers or dealers to clients? C 0 E. Do you or any related person receive research or other products or services other than C 0 execution from a broker-dealer or a third party in connection with client securities transactions? F. Do you or any related person, directly or indirectly, compensate any person for client 0 C referrals? In responding to this Item 8.F., consider in your response all cash and non-cash compensation that you or a related person gave any person in exchange for client referrals, including any bonus that is based, at least in part, on the number or amount of client referrals. FORM ADV OMB: 3235-0049 UNIFORM APPLICATION FOR INVESTMENT ADVISER REGISTRATION Primary Business Name: CORBIN CAPITAL PARTNERS, L.P. IIARD/CRD Number: Rev. 11 2010 Item 9 Custody In this Item, we ask you whether you or a related person has custody of client assets and about your custodial practices. A. (1) Do you have custody of any advisory clients': Yes No (a) cash or bank accounts? 0 C (b) securities? 0 C If you are registering or registered with the SEC, answer "No" to Item 9.A.(1)(a) and (b) if you have custody solely because (i) you deduct your advisory fees directly from your clients' accounts, or (ii) a related person maintains client funds or securities as a qualified custodian but you have overcome the presumption that you are not operationally independent (pursuant to Advisers Act rule 206(4)(2)-(d)(5)) from the related person. EFTA00286434  (2) If you checked "yes" to Item 9.A(1)(a) or (b), what is the amount of client funds and securities and total number of clients for which you have custody: U.S. Dollar Amount Total Number of Clients (a)$ 2661053956 (b) 14 If your related person serves as qualified custodian of client assets, do not include the amount of those assets and the number of those clients in your response to Item 9.A.(2). Instead, include that information in your response to Item 9.8.(2). B. (1) Do any of your related persons have custody of any of your advisory clients': Yes No (a) cash or bank accounts? 0 (b) securities? 0 You are required to answer this item regardless of how you answered Item 9.A.(1)(a) or (b). (2) If you checked "yes" to Item 9.6.(1)(a) or (b), what is the amount of client funds and securities and total number of clients for which your related persons have custody: U.S. Dollar Amount Total Number of Clients (a)$ 1763868150 (b) 8 C. If you or your related persons have custody of client funds or securities, check all the following that apply: (1) A qualified custodian(s) sends account statements at least quarterly to the investors in r the pooled investment vehicle(s) you manage. (2) An independent public accountant audits annually the pooled investment vehicle(s) that you manage and the audited financial statements are distributed to the investors in the pools. (3) An independent public accountant conducts an annual surprise examination of client r funds and securities. (4) An independent public accountant prepares an internal control report with respect to custodial services when you or your related persons are qualified custodians for client funds and securities. If you checked Item 9.C.(2), C.(3) or C.(4), list in Section 9.C. of Schedule D the accountants that are engaged to perform the audit or examination or prepare an internal control report. D. Do you or your related persons act as qualified custodians for your clients in connection Yes No with advisory services you provide to clients? (1) you act as a qualified custodian (2) your related persons act as qualified custodians 0 If you checked "yes" to Item 9.D.(2), list in Section 9.D. of Schedule D all your related persons that act as qualified custodians for your clients in connection with advisory services you provide to clients (you do not have to list broker-dealers already identified as qualified custodians in Section 7.A. of Schedule D). E. If you are filing your annual updating amendment and you were subject to a surprise examination by an independent public accountant during your last fiscal year, provide the date (MM/YYYY) the examination commenced: OMB: 3235-0049 EFTA00286435  FORM ADV UNIFORM APPLICATION FOR INVESTMENT ADVISER REGISTRATION Primary Business Name: CORBIN CAPITAL PARTNERS, L.P. IARD/CRD Number Rey!1 101 Item 10 Control Persons In this Item, we ask you to identify every person that, directly or indirectly, controls you. If you are submitting an initial application, you must complete Schedule A and Schedule B. Schedule A asks for information about your direct owners and executive officers. Schedule B asks for information about your indirect owners. If this is an amendment and you are updating information you reported on either Schedule A or Schedule B (or both) that you filed with your Initial application, you must complete Schedule C. YES NO Does any person not named in Item 1.A. or Schedules A, B, or C, directly or indirectly, control your management or policies? If yes, complete Section 10 of Schedule D. OMB: 3235-0049 EFTA00286436  FORM ADV UNIFORM APPLICATION FOR INVESTMENT ADVISER REGISTRATION Primary Business Name: CORBIN CAPITAL PARTNERS, L.P. IIARD/CRD Number: Rev. 11 2010 Item 11Disclosure Information In this Item, we ask for information about your disciplinary history and the disciplinary history of all your advisory affiliates. We use this information to determine whether to grant your application for registration, to decide whether to revoke your registration or to place limitations on your activities as an investment adviser, and to identify potential problem areas to focus on during our on-site examinations. One event may result in "yes" answers to more than one of the questions below. Your advisory affiliates are: (1) all of your current employees (other than employees performing only clerical, administrative, support or similar functions); (2) all of your officers, partners, or directors (or any person performing similar functions); and (3) all persons directly or indirectly controlling you or controlled by you. If you are a "separately identifiable department or division" (SID) of a bank, see the Glossary of Terms to determine who your advisory affiliates are. If you are registered or registering with the SEC, you may limit your disclosure of any event listed in Item 11 to ten years following the date of the event. If you are registered or registering with a state, you must respond to the questions as posed; you may, therefore, limit your disclosure to ten years following the date of an event only in responding to Items 11.A(1), 11.A (2), 11.8(1), 11.B(2), 11.D(4), and 1134(1)(a). For purposes of calculating this ten-year period, the date of an event is the date the final order, judgment, or decree was entered, or the date any rights of appeal from preliminary orders, judgments, or decrees lapsed. You must complete the appropriate Disclosure Reporting Page ("DRP") for "yes" answers to the questions in this Item 11. For "ves" answers to the following Questions, complete a Criminal Action DRP; A. In the past ten years, have you or any advisory affiliate: YES NO (1) been convicted of or plead guilty or nolo contendere ("no contest") in a domestic, C 0 foreign, or military court to any felony? (2) been charged with any felony? 0 If you are registered or registering with the SEC, you may limit your response to Item 11.A(2) to charges that are currently pending. B. In the past ten years, have you or any advisory affiliate: (1) been convicted of or plead guilty or nolo contendere ("no contest") in a domestic, C 0 foreign, or military court to a misdemeanor involving: investments or an Investment-related business, or any fraud, false statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or a conspiracy to commit any of these offenses? (2) been charged with a misdemeanor listed in 11.B(1)? 0 If you are registered or registering with the SEC, you may limit your response to Item 11.8(2) to charges that are currently pending. EFTA00286437 For "yes" answers to the following questions. complete a Regulatory Action DRP: C. Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: YES NO (1) found you or any advisory affiliate to have made a false statement or omission? r 0 (2) found you or any advisory affiliate to have been involved in a violation of SEC or C 0 CFTC regulations or statutes? (3) found you or any advisory affiliate to have been a cause of an investment-related C business having its authorization to do business denied, suspended, revoked, or restricted? (4) entered an order against you or any advisory affiliate in connection with 0 investment-related activity? (5) imposed a civil money penalty on you or any advisory affiliate, or ordered you or any advisory affiliate to cease and desist from any activity? D. Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: (1) ever found you or any advisory affiliate to have made a false statement or 0 omission, or been dishonest, unfair, or unethical? (2) ever found you or any advisory affiliate to have been involved in a violation of 0 investment-related regulations or statutes? (3) ever found you or any advisory affiliate to have been a cause of an investment- C related business having its authorization to do business denied, suspended, revoked, or restricted? (4) in the past ten years, entered an order against you or any advisory affiliate in 0 connection with an investment-related activity? (5) ever denied, suspended, or revoked your or any advisory affiliate's registration or C 0 license, or otherwise prevented you or any advisory affiliate, by order, from associating with an investment-related business or restricted your or any advisory affiliate's activity? E. Has any self-regulatory organization or commodities exchange ever: (1) found you or any advisory affiliate to have made a false statement or omission? (2) found you or any advisory affiliate to have been Involved in a violation of its rules r 0 (other than a violation designated as a "minor rule violation" under a plan approved by the SEC)? (3) found you or any advisory affiliate to have been the cause of an investment- 0 related business having its authorization to do business denied, suspended, revoked, or restricted? (4) disciplined you or any advisory affiliate by expelling or suspending you or the 0 advisory affiliate from membership, barring or suspending you or the advisory affiliate from association with other members, or otherwise restricting your or the advisory affiliate's activities? F. Has an authorization to act as an attorney, accountant, or federal contractor granted C 0 to you or any advisory affiliate ever been revoked or suspended? G. Are you or any advisory affiliate now the subject of any regulatory proceeding that could result in a "yes" answer to any part of Item 11.C., 11.D., or 11.E.? For "yes" answers to the following Questions. complete a Civil Judicial Action DRP: EFTA00286438  H. (1) Has any domestic or foreign c