Investment adviser · CRD 314178
ARIEL ALTERNATIVES, LLC
Investment adviser filing (IA)
CHICAGO, IL, United States · Form ADV filed Jul 16, 2026
- Regulatory AUM
- $1.51B Form ADV · Item 5.F
- Client accounts
- 6 Accounts, not individual clients
- Employees
- 57 Reported in this filing
- Advisory professionals
- 12 Investment advisory functions
Who they report serving
Form ADV · Item 5.DClient types and their share of reported regulatory assets.
| Client type | Clients | Regulatory assets | Share of AUM |
|---|---|---|---|
| Pooled investment vehicles | 6 | $1,510,990,112 | 100.0% |
Filing source
Form ADV 2120158 · Jul 16, 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
6 Private fundsThe count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.
PROJECT BLACK, LPPrivate Equity Fund · Last reported Jul 16, 2026$1.19BGross asset value
Form D fundraising filings
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- No
PRICEWATERHOUSECOOPERS LLP
PCAOB 238
BANK OF AMERICA, NATIONAL ASSOCIATION
LEI B4TYDEB6GKMZO031MB27
THE NORTHERN TRUST COMPANY
LEI 6PTKHDJ8HDUF78PFWH30
Fund details & source
- Fund ID
- 805-3335415675
- Reported beneficial owners
- 12
- Minimum commitment
- $100M
- Form D file number
- 021-414544
Form ADV 2120158 · Jul 16, 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.
GROOME PB CO-INVEST AGGREGATOR, LLCPrivate Equity Fund · Last reported Jul 16, 2026$176MGross asset value
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- No
PRICEWATERHOUSECOOPERS LLP
PCAOB 238
BANK OF AMERICA, NATIONAL ASSOCIATION
LEI B4TYDEB6GKMZO031MB27
THE NORTHERN TRUST COMPANY
LEI 6PTKHDJ8HDUF78PFWH30
Fund details & source
- Fund ID
- 805-5253213755
- Reported beneficial owners
- 2
- Minimum commitment
- $100M
- Form D file number
- 021-414544
Form ADV 2120158 · Jul 16, 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.
PROJECT BLACK COORDINATED PARTICIPATION FUND, LPPrivate Equity Fund · Last reported Jul 16, 2026$102MGross asset value
Form D fundraising filings
PROJECT BLACK COORDINATED PARTICIPATION FUND, LP
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- No
PRICEWATERHOUSECOOPERS LLP
PCAOB 238
BANK OF AMERICA, NATIONAL ASSOCIATION
LEI B4TYDEB6GKMZO031MB27
THE NORTHERN TRUST COMPANY
LEI 6PTKHDJ8HDUF78PFWH30
Fund details & source
- Fund ID
- 805-2799406107
- Reported beneficial owners
- 2
- Minimum commitment
- $100M
- Form D file number
- 021-414545
Form ADV 2120158 · Jul 16, 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.
PROJECT BLACK NUS, LPPrivate Equity Fund · Last reported Jul 16, 2026$102MGross asset value
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- No
PRICEWATERHOUSECOOPERS LLP
PCAOB 238
BANK OF AMERICA, NATIONAL ASSOCIATION
LEI B4TYDEB6GKMZO031MB27
THE NORTHERN TRUST COMPANY
LEI 6PTKHDJ8HDUF78PFWH30
Fund details & source
- Fund ID
- 805-8597576482
- Reported beneficial owners
- 2
- Minimum commitment
- $100M
- Form D file number
- 021-414544
Form ADV 2120158 · Jul 16, 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.
PROJECT BLACK SPARTA II INCLUSION CO-INVESTMENT LLCPrivate Equity Fund · Last reported Jul 16, 2026$91.9MGross asset value
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- No
PRICEWATERHOUSECOOPERS LLP
PCAOB 238
BANK OF AMERICA, NATIONAL ASSOCIATION
LEI B4TYDEB6GKMZO031MB27
THE NORTHERN TRUST COMPANY
LEI 6PTKHDJ8HDUF78PFWH30
Fund details & source
- Fund ID
- 805-4369938535
- Reported beneficial owners
- 1
- Minimum commitment
- $100M
- Form D file number
- 021-414544
Form ADV 2120158 · Jul 16, 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.
FUSE PB CO-INVEST AGGREGATOR, LLCPrivate Equity Fund · Last reported Jul 16, 2026$0Gross asset value
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- No
PRICEWATERHOUSECOOPERS LLP
PCAOB 238
BANK OF AMERICA, NATIONAL ASSOCIATION
LEI B4TYDEB6GKMZO031MB27
THE NORTHERN TRUST COMPANY
LEI 6PTKHDJ8HDUF78PFWH30
Fund details & source
- Fund ID
- 805-5542692420
- Reported beneficial owners
- 2
- Minimum commitment
- $100M
- Form D file number
- 021-414544
Form ADV 2120158 · Jul 16, 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: Jul 16, 2026. View historical filings
Reported services
Pooled investment vehicle management
Compensation
Percentage of assets · Performance-based
Principal office
200 E RANDOLPH STREET, SUITE 2900CHICAGO, IL, 60601-6505, United States
CRD 314178
Filing source
Form ADV 2120158 · Jul 16, 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.