Investment adviser · CRD 322495

AEREF MANAGEMENT, LLC

Investment adviser filing (IA)

NEW YORK, NY, United States · Form ADV filed Mar 31, 2026

Regulatory AUM: $194M
Client accounts: 2
Employees: 20
Advisory professionals: 13

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	2	$194,450,000	100.0%

Filing source

Form ADV 2079611 · 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

1 Private fund

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

A&E REAL ESTATE FINANCE, LLCReal Estate Fund · Last reported Mar 31, 2026$194MGross asset value

Feeder funds

AEREF MEMBER PARTNERS, LP

Fund administrator ALTER DOMUS CARMEL, Indiana, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor RSM US LLP NEW YORK, New York, United States

Custodian BANKUNITED, INC. MIAMI LAKES, Florida, United States Related to adviser: No

Custodian CUSTOMERS BANK PHILADELPHIA, Pennsylvania, 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

RSM US LLP
PCAOB 49

BANKUNITED, INC.
LEI 96OVUWEW5D4YX6PFXD91

CUSTOMERS BANK
LEI 5493001KJTIIGC8Y1R12

Fund details & source

Fund ID: 805-2400942853
Reported beneficial owners: 10
Minimum commitment: $1M
Form D file number: 021-453561

Form ADV 2079611 · 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.

Services & filing details

Most recent filing: Mar 31, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

40 WEST 57TH STREET, SUITE 1710
NEW YORK, NY, 10019-4001, United States

CRD 322495

Filing source

Form ADV 2079611 · 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.