1207 CAPITAL GROUP, LLC

Thesis

1207 Capital Group, LLC, operating as Cimarron Funds, is an investment adviser founded in 2002 and based in Chicago, Illinois. The firm specializes in niche investment strategies across global credit and equity markets, seeking out expert managers. Cimarron manages four private funds: Cimarron Partners, LP (a hedge fund of funds employing strategies like multi-sector long/short, specialized equity long/short, fixed income arbitrage, merger arbitrage, and event-driven approaches for relative value and equity-like returns with lower volatility), Cimarron Healthcare Opportunities, LP (focusing on healthcare and life sciences equity long/short), Cimarron Energy Spectrum, LP (targeting the energy sector and transition industries with long/short equity and potential direct investments), and Cimarron Venture Opportunities, LP (seeking long-term capital appreciation through venture capital-style private equity in healthcare and life sciences). The firm emphasizes comprehensive due diligence and a deliberate investment process, with investment decisions overseen by a three-professional Investment Committee. As of December 31, 2025, Cimarron managed approximately $159.2 million in discretionary AUM, with $130 million total AUM indicated by another source and $138.0 million attributed to its four pooled investment vehicles. The firm does not currently manage separate accounts or non-U.S. funds.