Investment adviser · CRD 282617

CALMWATER CAPITAL

Investment adviser filing (IA)

CALMWATER ASSET MANAGEMENT, LLC

EL SEGUNDO, CA, United States · Form ADV filed Mar 27, 2026

Regulatory AUM
$793M
Form ADV · Item 5.F
Client accounts
7
Accounts, not individual clients
Employees
8
Reported in this filing
Advisory professionals
7
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 vehicles7$792,519,211100.0%
Filing source

Form ADV 2071495 · Mar 27, 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

2 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.

CALMWATER CAPITAL 3, LLCReal Estate Fund · Last reported Mar 27, 2026$26.6MGross asset value
Auditor COHNREZNICK LLP LOS ANGELES, California, United States
Custodian WESTERN ALLIANCE BANCORPORATION PHOENIX, Arizona, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

COHNREZNICK LLP
PCAOB 596

WESTERN ALLIANCE BANCORPORATION
LEI SI7YQSVPFZBSQ878IC17

Fund details & source
Fund ID
805-6391233884
Reported beneficial owners
1
Minimum commitment
$5M

Form ADV 2071495 · Mar 27, 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.

CALMWATER REAL ESTATE CREDIT FUND II, LPReal Estate Fund · Last reported Aug 2, 2018$45.9MGross asset value

Form D fundraising filings

Calmwater Real Estate Credit Fund II, LP

Fund administrator EISNERAMPER FUND SERVICES, LLC SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor BDO USA, LLP LOS ANGELES, California, United States
Custodian FIRST REPUBLIC BANK SAN FRANCISCO, California, 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

BDO USA, LLP
PCAOB 243

FIRST REPUBLIC BANK
LEI YWC0TIKBQM2JV8L4IV08

Fund details & source
Fund ID
805-2797420595
Reported beneficial owners
4
Minimum commitment
$5M
Form D file number
021-236684

Form ADV 1232626 · Aug 2, 2018 · 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 27, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

507 S DOUGLAS ST, 2ND FLOOR
EL SEGUNDO, CA, 90245, United States

CRD 282617

Filing source

Form ADV 2071495 · Mar 27, 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.