# AIP CAPITAL MARKETS LLC X-17A-5 (2025-06-26) — Broker-dealer annual report - Company: AIP CAPITAL MARKETS LLC - Form: X-17A-5 - Filed: 2025-06-26 - Period: 2025-03-31 - Accession: 0002013816-25-000082 - CIK: 1708829 - File #: 8-69973 - Type: Broker-dealer - Material weakness: No - Auditor: Nawrocki Smith LLP - Auditor location: Hauppauge, NY - Contact: Hasnain Naveed - Phone: 212-668-8700 - Email: hnaveed@acisecure.com - Website: acisecure.com - Signed by: Namsoo Lee (Managing Director) Original filing: https://www.sec.gov/Archives/edgar/data/1708829/000201381625000082/aippubaudit.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 # ANNUAL REPORTS FORM X-17A-5 PART III FACING PAGE Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 FILING FOR THE PERIOD BEGINNING 04/01/2024 MM/DD/YY AND ENDING 03/31/2025 MM/DD/YY A. REGISTRANT IDENTIFICATION NAME OF FIRM: AIP CAPITAL MARKETS LLC TYPE OF REGISTRANT (check all applicable boxes): [ Broker-dealer ] Security-based swap dealer \_ \_ Major security-based swap participant □ Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) 26123 MARINA DR | | | (No. and Street) | | | | | |-------------------------------------------------------------------------------------------------|--|--------------------------------|--------------------------------------------|-----------------|--|--| | ROLLING HILLS ESTATES | | CA | | 90274 | | | | (City) | | (State) | | (Zip Code) | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | | HASNAIN NAVEED | | 212-668-8700 | HNAVEED@ACISECURE.COM | | | | | (Name) | | (Area Code - Telephone Number) | | (Email Address) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
NAWROCKI SMITH LLP | | | | | | | | (Name - if individual, state last, first, and middle name) | | | | | | | | 100 MOTOR PARKWAY, SUITE 580 HAUPPAUGE | | | NY | 11788 | | | | (Address) | | (City) | (State) | (Zip Code) | | | | MARCH 4, 2009 | | | 3370 | | | | | (Date of Registration with PCAOB)(if applicable) | | | (PCAOB Registration Number, if applicable) | | | | | FOR OFFICIAL USE ONLY | | | | | | | \* Claims for exemption from the requirement that the annual reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1)(ii), if applicable. Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. OMB APPROVAL OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 > SEC FILE NUMBER 8-69973 {1}------------------------------------------------ ### OATH OR AFFIRMATION I. NAMSOO LEE \_ swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of AIP CAPITAL MARKETS LLC .. as of 3/31 , 2 025 , is true and correct. I further swear (or affirm) that neither the company nor any partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely as that of a customer. Title. Managing Director Notary Public ### This filing\*\* contains (check all applicable boxes): - (a) Statement of financial condition. - (b) Notes to consolidated statement of financial condition. - [ (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X). - [ (d) Statement of cash flows. - [ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - [ (f) Statement of changes in liabilities subordinated to claims of creditors. - [ (g) Notes to consolidated financial statements. - [ (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - [ (i) Computation of tangible net worth under 17 CFR 240.18a-2. - □ (i) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 20.15c3-3. - □ (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - [1) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - [ (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - | (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - [] (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-2, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - [ (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.18a-7, as applicable. - [ (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - [ (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - (t) Independent public accountant's report based on an examination of the statement of financial condition. - [ {u] Independent public accountant's report based on an examination of the financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - [ (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - [ (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - [ (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.17a-12, as applicable. - | (y) Report describing any material inadequacies found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). - O (z) Other: - \*\* To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18c-7(d)(2), as applicable. {2}------------------------------------------------ # AIP CAPITAL MARKETS LLC Financial Statement With Report of Independent Registered Public Accounting Firm As of and For the Year Ended March 31, 2025 This report is deemed PUBLIC in accordance with Rule 17a-5(e)(3) under the Securities Exchange Act of 1934. {3}------------------------------------------------ ### AIP CAPITAL MARKETS LLC FOR THE YEAR ENDED MARCH 31, 2025 ### Table of Contents Page | Report of Independent Registered Public Accounting Firm | | |---------------------------------------------------------|-------| | Financial Statement: | | | Statement of Financial Condition | 2 | | Notes to Financial Statement | 3 - 5 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) # REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Member of AIP Capital Markets LLC: ### Opinion on the Financial Statement We have audited the accompanying statement of financial condition of AIP Capital Markets LLC (the "Company") as of March 31, 2025, and the related notes (collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of AIP Capital Markets LLC as of March 31, 2025 in conformity with accounting principles generally accepted in the United States of America. ### Basis for Opinion This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the U.S. Securities and Exchange Commission ("SEC") and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statement. We believe that our audit provides a reasonable basis for our opinion. We have served as AIP Capital Markets LLC's auditor since 2021. Hauppauge, New York June 25, 2025 Nawocki Smith LLK {5}------------------------------------------------ ### AIP CAPITAL MARKETS LLC STATEMENT OF FINANCIAL CONDITION AS OF MARCH 31, 2025 | ASSIETS | | | |----------------------------------------|---|--------| | Cash | S | 15,100 | | Other assets | | 899 | | TOTAL ASSETS | S | 15,999 | | LIABILITIES AND MEMBER'S EQUITY | | | | LABILITIES: | | | | Accounts payable and other liabilities | ക | 7,078 | | TOTAL LIABILITIES | | 7,078 | | MEMBER'S EQUITY | | 8,921 | | TOTAL LIABILITIES AND MEMBER'S EQUITY | S | 15,999 | The Notes to Financial Statement are an integral part of this statement. {6}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As of March 31, 2025, the Company had no payables to its Parent. ### NOTE 6-RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS: In February 2016, the FASB issued ASU No. 2016-02, Leases ("ASU 2016-02"). This update requires all leases with a term greater than 12 months to be recognized on the balance sheet through a right of use asset and a lease liability and the disclosure of key information pertaining to leasing arrangements. This new guidance is effective for December 15, 2018, with early adoption permitted. The Company has evaluated the new guidance and determined there is no material impact on its financial statement since the Company does not have a lease. The Financial Accounting Standards Board (the "FASB") has established the Accounting Standards Codification" or "ASC") as the authoritative source of GAAP recognized by the FASB. The principles embodied in the Codification are to be applied by nongovernmental entities in the preparation of financial statement in accordance with GAAP in the United States. New accounting pronouncements are incorporated into the issuance of Accounting Standards Updates ("ASUs"). For the year ended March 31, 2025, various ASUs issued by the FASB were either newly issued or had effective implementation dates that would require their provisions to be reflected in the financial statement for the year ther evaluated or is currently evaluating the implications, if any, of each of these pronouncements and they may have on the Company's financial statement. In most cases, management has determined that either limited or no application to the Company and, in all cases, implementation would not have a material statement taken as a whole. ### NOTE 7 - CLASSES OF MEMBERSHIP INTERESTS, SHARES ISSUED AND RIGHTS: The Company issued 100 Class A Membership Units and 1000 Class B Membership Units to Abacus Infrastructure Partners Group LLC. The Company is authorized to issue one hundred (100) Class A Membership Units which (x) shall have equal governance rights with respect to every other Class A Membership Unit with one vote per Class A Membership Unit and (y) shall not have any economic rights to participate in profits, losses and distributions of the Company. Notwithstanding any other provisions of the Limited Liability Company Operating Agreement, Class A Membership Units shall be the only class of Membership Units with the voting rights. Additional Class A Membership Units may be issued only with the written consent of the Majority in Interest of Class A Members. The Company is authorized to issue four thousand (4,000) Class B Membership Units shall be non-voting Membership Units, but shall have equal economic rights to participate in profits, losses and distributions of the Company with respect to every other Class B Membership Unit. ### NOTE 8 - COMMITMENTS AND CONTINGENCIES: The Company had no commitments or contingent fabilities and had not been named as a defendant in any lawsuit at March 31, 2025, or during the year then ended. ### NOTE 9 - SEGMENT REPORTING: The Company follows ASC 280, Segment Reporting (including adoption of ASU 2023-07), which requires companies to disclose segment data based on how management makes decisions about allocating resources to segments and evaluating performance. The Company conducts its business activities and reports financial results as a single reportable segment, brokerage services segment. Using the management approach, qualitative and quantitative criteria established by ASC 280, the Company is considered to be a single reportable segment. {9}------------------------------------------------ ### AIP CAPITAL MARKETS LLC NOTES TO FINANCIAL STATEMENT FOR THE YEAR ENDED MARCH 31, 2025 ### NOTE 9 - SEGMENT REPORTING (CONTINUED): The Company's Chief Operating Decision Maker ("CODM") is the Companys Chief Executive Officer. The CODM makes decisions about allocating resources and assessing performance in a manner consistent with the way the Company operates its business and presents their financial results. The nature of business of the brokerage services segment are the same as described in the organization of business and summary of significant accounting policies. The measure of segment assets is reported on the Statement of Financial Condition as total assets. Segment financial information is identical to that presented in the accompanying financial statement. ### NOTE 10 - ONGOING CONCERN: The Company might not have sufficient liquidity to meet its anticipated obligations over the next year from the date of issuance of the financial statement. In connection with the Company's assessment of going concern considerations, management has determined that the Company will have access to funding from the parent is committed to continuing to fund the ongoing operations of the Company. ### NOTE 11 - SUBSEQUENT EVENTS: The Company has evaluated events subsequent to the Statement of Financial Condition date for items requiring recording or disclosure in the financial statement. The evaluation was performed through the date the financial statement was issued. Based upon this review, the Company has determined that there were no events which took place that would have a material impact on its financial statement. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.