Investment adviser · CRD 338940

ELMTREE FUNDS, LLC

Investment adviser filing (IA)

ST. LOUIS, MO, United States · Form ADV filed Mar 31, 2026

Regulatory AUM
$7.77B
Form ADV · Item 5.F
Client accounts
16
Accounts, not individual clients
Employees
37
Reported in this filing
Advisory professionals
18
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 vehicles16$7,773,898,501100.0%
Filing source

Form ADV 2071551 · 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

15 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.

ETGP ULMUS VENTURE, LPReal Estate Fund · Last reported Mar 31, 2026$471MGross asset value
Auditor ERNST & YOUNG LLP NEW YORK, New York, United States
Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States
Custodian CIBC U.S. ST LOUIS, Missouri, United States Related to adviser: No
Custodian J.P. MORGAN CHICAGO, Illinois, 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

ERNST & YOUNG LLP
PCAOB 42

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

Fund details & source
Fund ID
805-9105003338
Reported beneficial owners
2
Minimum commitment
$0

Form ADV 2071551 · 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.

ETGP BIRCH VENTURE, LPReal Estate Fund · Last reported Mar 31, 2026$382MGross asset value
Auditor ERNST & YOUNG LLP NEW YORK, New York, United States
Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States
Custodian UMB BANK KANSAS CITY, Missouri, 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

ERNST & YOUNG LLP
PCAOB 42

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

Fund details & source
Fund ID
805-8007216251
Reported beneficial owners
2
Minimum commitment
$0

Form ADV 2071551 · 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.

ETGP PINE VENTURE, LPReal Estate Fund · Last reported Mar 31, 2026$366MGross asset value
Auditor ERNST & YOUNG LLP NEW YORK, New York, United States
Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States
Custodian UMB BANK KANSAS CITY, Missouri, 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

ERNST & YOUNG LLP
PCAOB 42

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

Fund details & source
Fund ID
805-4061527889
Reported beneficial owners
2
Minimum commitment
$0

Form ADV 2071551 · 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.

ETGP ASPEN VENTURE, LPReal Estate Fund · Last reported Mar 31, 2026$357MGross asset value
Auditor ERNST & YOUNG LLP NEW YORK, New York, United States
Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States
Custodian UMB BANK KANSAS CITY, Missouri, 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

ERNST & YOUNG LLP
PCAOB 42

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

Fund details & source
Fund ID
805-8929129871
Reported beneficial owners
2
Minimum commitment
$0

Form ADV 2071551 · 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.

ETGP SPRUCE VENTURE, LPReal Estate Fund · Last reported Mar 31, 2026$339MGross asset value
Auditor ERNST & YOUNG LLP NEW YORK, New York, United States
Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States
Custodian TRUSTMARK BANK JACKSON, Mississippi, United States Related to adviser: No
Custodian UMB BANK KANSAS CITY, Missouri, 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

ERNST & YOUNG LLP
PCAOB 42

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

Fund details & source
Fund ID
805-5802967475
Reported beneficial owners
2
Minimum commitment
$0

Form ADV 2071551 · 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.

ETGP SAMARA VENTURE, LPReal Estate Fund · Last reported Mar 31, 2026$323MGross asset value
Auditor ERNST & YOUNG LLP NEW YORK, New York, United States
Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States
Custodian UMB BANK KANSAS CITY, Missouri, 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

ERNST & YOUNG LLP
PCAOB 42

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

Fund details & source
Fund ID
805-6668108601
Reported beneficial owners
2
Minimum commitment
$0

Form ADV 2071551 · 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.

ELMTREE U.S. NET LEASE FUND V-B, LPReal Estate Fund · Last reported Mar 31, 2026$214MGross asset value

Form D fundraising filings

ELMTREE U.S. NET LEASE FUND V-B, L.P.

Fund administrator JGM FUND ADMINISTRATION, LLC, DBA IQ EQ FUND ADMINISTRATION GARDEN CITY, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor PRICEWATERHOUSECOOPERS NEW YORK, New York, United States
Custodian UMB BANK KANSAS CITY, Missouri, 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

PRICEWATERHOUSECOOPERS
PCAOB 238

Fund details & source
Fund ID
805-7986264874
Reported beneficial owners
9
Minimum commitment
$5M
Form D file number
021-485708

Form ADV 2071551 · 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

8027 FORSYTH BLVD, SUITE 1100
ST. LOUIS, MO, 63105, United States

CRD 338940

Filing source

Form ADV 2071551 · 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.