Investment adviser · CRD 160892

CARMEL PARTNERS

Investment adviser filing (IA)

CARMEL MANAGEMENT III, LLC

SAN FRANCISCO, CA, United States · Form ADV filed Mar 31, 2026

Regulatory AUM
$7.98B
Form ADV · Item 5.F
Client accounts
8
Accounts, not individual clients
Employees
164
Reported in this filing
Advisory professionals
11
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 vehicles8$7,984,384,000100.0%
Filing source

Form ADV 2047190 · 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

11 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.

CARMEL PARTNERS INVESTMENT FUND III, LPReal Estate Fund · Last reported Mar 31, 2026$0Gross asset value
Auditor PRICEWATERHOUSECOOPERS SAN FRANCISCO, California, United States
Custodian WELLS FARGO SECURITIES, LLC SAN FRANCISCO, California, 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

PRICEWATERHOUSECOOPERS
PCAOB 238

WELLS FARGO SECURITIES, LLC
SEC 8-65876

Fund details & source
Fund ID
805-1809429639
Reported beneficial owners
56
Minimum commitment
$5M
Form D file number
021-108682

Form ADV 2047190 · 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.

CARMEL PARTNERS INVESTMENT FUND IV, LPReal Estate Fund · Last reported Apr 28, 2023$129MGross asset value

Form D fundraising filings

Carmel Partners Investment Fund IV, L.P.

Auditor PRICEWATERHOUSECOOPERS SAN FRANCISCO, California, United States
Custodian CITIGROUP GLOBAL MARKETS INC. NEW YORK, New York, 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

PRICEWATERHOUSECOOPERS
PCAOB 238

CITIGROUP GLOBAL MARKETS INC.
SEC 8-8177

Fund details & source
Fund ID
805-2520805464
Reported beneficial owners
79
Minimum commitment
$5M
Form D file number
021-170857

Form ADV 1758365 · Apr 28, 2023 · 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.

CP INVESTMENT FUND, LPReal Estate Fund · Last reported Jul 31, 2017$1.22MGross asset value
Auditor PRICEWATERHOUSECOOPERS SAN FRANCISCO, California, United States
Custodian WELLS FARGO SAN FRANCISCO, California, 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
Fund details & source
Fund ID
805-3606815393
Reported beneficial owners
26
Minimum commitment
$5M
Form D file number
021-60459

Form ADV 1126989 · Jul 31, 2017 · 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.

CP INVESTMENT FUND II, LPReal Estate Fund · Last reported Mar 31, 2021$0Gross asset value
Auditor PRICEWATERHOUSECOOPERS SAN FRANCISCO, California, United States
Custodian WELLS FARGO SECURITIES, LLC SAN FRANCISCO, California, 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

PRICEWATERHOUSECOOPERS
PCAOB 238

WELLS FARGO SECURITIES, LLC
SEC 8-65876

Fund details & source
Fund ID
805-4608530785
Reported beneficial owners
30
Minimum commitment
$5M
Form D file number
021-99999

Form ADV 1503915 · Mar 31, 2021 · 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

1000 SANSOME STREET, FIRST FLOOR
SAN FRANCISCO, CA, 94111, United States

CRD 160892

Filing source

Form ADV 2047190 · 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.