Investment adviser · CRD 326949

BANNER CAPITAL MANAGEMENT, LLC

Investment adviser filing (IA)

LEHI, UT, United States · Form ADV filed May 8, 2026

Regulatory AUM
$619M
Form ADV · Item 5.F
Client accounts
6
Accounts, not individual clients
Employees
7
Reported in this filing
Advisory professionals
5
Investment advisory functions

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Pooled investment vehicles6$619,188,611100.0%
Filing source

Form ADV 2103954 · May 8, 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

12 Private funds

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

BANNER CAPITAL FUND I, LPPrivate Equity Fund · Last reported May 8, 2026$278MGross asset value

Form D fundraising filings

Banner Capital Fund I, LP

Fund administrator UMB FUND SERVICES INC. OGDEN, Utah, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor RSM US LLP CHICAGO, Illinois, United States
Custodian UMB BANK, NATIONAL ASSOCIATION OGDEN, Utah, 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

UMB BANK, NATIONAL ASSOCIATION
LEI VNOO6EITDJ2YUEBMSZ83

Fund details & source
Fund ID
805-6337488612
Reported beneficial owners
103
Minimum commitment
$250K
Form D file number
021-548116

Form ADV 2103954 · May 8, 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.

BANNER CO-INVEST PARTNERS I, LLC (FKA PATTERN PREFERRED INVESTORS, LLC)Private Equity Fund · Last reported May 8, 2026$105MGross asset value

Form D fundraising filings

Pattern Preferred Investors, LLC

Fund administrator CLIFTONLARSONALLEN LLP MINNEAPOLIS, Minnesota, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor RSM US LLP CHICAGO, Illinois, United States
Custodian KEYBANK NATIONAL ASSOCIATION SALT LAKE CITY, Utah, 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

KEYBANK NATIONAL ASSOCIATION
LEI 5493001KJTIIGC8Y1R12

Fund details & source
Fund ID
805-3188522649
Reported beneficial owners
20
Minimum commitment
$250K
Form D file number
021-436205

Form ADV 2103954 · May 8, 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.

BANNER CAPITAL FUND I-A, LPPrivate Equity Fund · Last reported May 8, 2026$46.8MGross asset value

Form D fundraising filings

Banner Capital Fund I-A, LP

Fund administrator UMB FUND SERVICES INC. OGDEN, Utah, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor RSM US LLP CHICAGO, Illinois, United States
Custodian UMB BANK, NATIONAL ASSOCIATION OGDEN, Utah, 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

UMB BANK, NATIONAL ASSOCIATION
LEI VNOO6EITDJ2YUEBMSZ83

Fund details & source
Fund ID
805-6237969400
Reported beneficial owners
67
Minimum commitment
$250K
Form D file number
021-548115

Form ADV 2103954 · May 8, 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.

BANNER CLEAN PARTNERS, LLCPrivate Equity Fund · Last reported May 8, 2026$46.3MGross asset value

Form D fundraising filings

Banner Clean Partners, LLC

Fund administrator UMB FUND SERVICES INC. OGDEN, Utah, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor RSM US LLP CHICAGO, Illinois, United States
Custodian KEYBANK NATIONAL ASSOCIATION SALT LAKE CITY, Utah, 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

KEYBANK NATIONAL ASSOCIATION
LEI 5493001KJTIIGC8Y1R12

Fund details & source
Fund ID
805-7006386135
Reported beneficial owners
5
Minimum commitment
$250K
Form D file number
021-493838

Form ADV 2103954 · May 8, 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.

BANNER CAPITAL FUND II, LPPrivate Equity Fund · Last reported May 8, 2026$39.8MGross asset value

Form D fundraising filings

Banner Capital Fund II, LP

Fund administrator UMB FUND SERVICES INC. OGDEN, Utah, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor KPMG SALT LAKE CITY, Utah, United States
Custodian UMB BANK, NATIONAL ASSOCIATION OGDEN, Utah, 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

KPMG
PCAOB 49

UMB BANK, NATIONAL ASSOCIATION
LEI VNOO6EITDJ2YUEBMSZ83

Fund details & source
Fund ID
805-3539138237
Reported beneficial owners
15
Minimum commitment
$1M
Form D file number
021-544559

Form ADV 2103954 · May 8, 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.

BANNER PRINT PARTNERS, L.P.Private Equity Fund · Last reported May 8, 2026$11.6MGross asset value

Form D fundraising filings

BANNER PRINT PARTNERS, L.P.

Fund administrator UMB FUND SERVICES INC. OGDEN, Utah, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor RSM US LLP CHICAGO, Illinois, United States
Custodian KEYBANK NATIONAL ASSOCIATION SALT LAKE CITY, Utah, 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

KEYBANK NATIONAL ASSOCIATION
LEI 5493001KJTIIGC8Y1R12

Fund details & source
Fund ID
805-8698372710
Reported beneficial owners
4
Minimum commitment
$250K
Form D file number
021-517362

Form ADV 2103954 · May 8, 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.

BANNER MANSCAPED PARTNERS, LLCPrivate Equity Fund · Last reported Aug 14, 2025$22.3MGross asset value

Form D fundraising filings

Banner Manscaped Partners, LLC

Fund administrator VECTOR AIS SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor RSM US LLP CHICAGO, Illinois, United States
Custodian KEYBANK NATIONAL ASSOCIATION SALT LAKE CITY, Utah, 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

KEYBANK NATIONAL ASSOCIATION
LEI 5493001KJTIIGC8Y1R12

Fund details & source
Fund ID
805-1879599873
Reported beneficial owners
28
Minimum commitment
$250K
Form D file number
021-493896

Form ADV 2009706 · Aug 14, 2025 · 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: May 8, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

3600 OUTLET PARKWAY, SUITE 450
LEHI, UT, 84048, United States

CRD 326949

Filing source

Form ADV 2103954 · May 8, 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.