Investment adviser · CRD 156855

MAKENA CAPITAL MANAGEMENT, LLC

Investment adviser filing (IA)

MENLO PARK, CA, United States · Form ADV filed Mar 31, 2026

Regulatory AUM: $24.3B
Client accounts: 48
Employees: 77
Advisory professionals: 30

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	36	$23,602,896,496	97.2%
Charities	12	$673,813,196	2.8%

Filing source

Form ADV 2085303 · 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

50+ 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.

Browse the first 49 funds across 7 pages.

MAKENA CAPITAL ASSOCIATES (U.S.), L.P.Hedge Fund · Last reported Mar 31, 2026$7.06BGross asset value

Form D fundraising filings

MAKENA CAPITAL ASSOCIATES US LP

Feeder funds

MAKENA CAPITAL ASSOCIATES (CAYMAN), L.P.

Fund administrator SS&C TECHNOLOGIES, INC. NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian SILICON VALLEY BANK MENLO PARK, California, United States Related to adviser: No

Custodian THE BANK OF NEW YORK MELLON EVERETT, Massachusetts, 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

DELOITTE & TOUCHE LLP
PCAOB 34

SILICON VALLEY BANK
LEI 549300D2KJ20JMXE7542

THE BANK OF NEW YORK MELLON
LEI HPFHU0OQ28E4N0NFVK49

Fund details & source

Fund ID: 805-3446289879
Reported beneficial owners: 590
Minimum commitment: $100M
Form D file number: 021-92771
Form D file number: 021-92796

Form ADV 2085303 · 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.

MAKENA CAPITAL SPLITTER X, L.P.Hedge Fund · Last reported Mar 31, 2026$3.71BGross asset value

Form D fundraising filings

MAKENA CAPITAL SPLITTER X LP

Fund administrator SS&C TECHNOLOGIES, INC. NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian THE BANK OF NEW YORK MELLON EVERETT, Massachusetts, 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

DELOITTE & TOUCHE LLP
PCAOB 34

THE BANK OF NEW YORK MELLON
LEI HPFHU0OQ28E4N0NFVK49

Fund details & source

Fund ID: 805-9156454317
Reported beneficial owners: 94
Minimum commitment: $100M
Form D file number: 021-128590

Form ADV 2085303 · 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.

MAKENA CAPITAL ASSOCIATES (CAYMAN), L.P.Hedge Fund · Last reported Mar 30, 2023$2.9BGross asset value

Form D fundraising filings

MAKENA CAPITAL ASSOCIATES CAYMAN L P

Fund administrator SS&C TECHNOLOGIES, INC. NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP GRAND CAYMAN, Cayman Islands

Custodian THE BANK OF NEW YORK MELLON EVERETT, Massachusetts, United States Related to adviser: No

Marketer NEW END ASSOCIATES LIMITED LONDON, United Kingdom Related to adviser: No

Marketer PENINSULA CAPITAL PTY LTD. MT ELIZA, Australia Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

DELOITTE & TOUCHE LLP
PCAOB 1096

THE BANK OF NEW YORK MELLON
LEI HPFHU0OQ28E4N0NFVK49

Fund details & source

Fund ID: 805-9152855230
Reported beneficial owners: 87
Minimum commitment: $100M
Form D file number: 021-92796

Form ADV 1737982 · Mar 30, 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.

MAKENA CAPITAL SPLITTER B, L.P.Hedge Fund · Last reported Mar 31, 2026$2.87BGross asset value

Form D fundraising filings

MAKENA CAPITAL SPLITTER B L P

Fund administrator SS&C TECHNOLOGIES, INC. NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian SILICON VALLEY BANK MENLO PARK, California, United States Related to adviser: No

Custodian THE BANK OF NEW YORK MELLON EVERETT, Massachusetts, 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

DELOITTE & TOUCHE LLP
PCAOB 34

SILICON VALLEY BANK
LEI 549300D2KJ20JMXE7542

THE BANK OF NEW YORK MELLON
LEI HPFHU0OQ28E4N0NFVK49

Fund details & source

Fund ID: 805-1518134175
Reported beneficial owners: 10
Minimum commitment: $100M
Form D file number: 021-89363

Form ADV 2085303 · 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.

MAKENA PERPETUAL PRIVATE EQUITY FUND, L.P.Hedge Fund · Last reported Mar 31, 2026$1.69BGross asset value

Form D fundraising filings

Makena Perpetual Private Equity Fund, L.P.

Feeder funds

MAKENA PERPETUAL PRIVATE EQUITY FUND (CAYMAN), L.P.

Fund administrator SS&C TECHNOLOGIES, INC. NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian SILICON VALLEY BANK MENLO PARK, California, United States Related to adviser: No

Custodian THE BANK OF NEW YORK MELLON EVERETT, Massachusetts, United States Related to adviser: No

Marketer CARNEGIE FONDER STOCKHOLM, Sweden Related to adviser: No

Marketer MORGAN STANLEY SMITH BARNEY LLC 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: Yes
External marketing: Yes

DELOITTE & TOUCHE LLP
PCAOB 34

SILICON VALLEY BANK
LEI 549300D2KJ20JMXE7542

THE BANK OF NEW YORK MELLON
LEI HPFHU0OQ28E4N0NFVK49

Fund details & source

Fund ID: 805-5027879015
Reported beneficial owners: 158
Minimum commitment: $10M
Form D file number: 021-289749
Form D file number: 021-28974901

Form ADV 2085303 · 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.

MAKENA PERPETUAL VENTURE CAPITAL FUND, L.P.Hedge Fund · Last reported Mar 31, 2026$1.51BGross asset value

Form D fundraising filings

Makena Perpetual Venture Capital Fund, L.P.

Feeder funds

MAKENA PERPETUAL VENTURE CAPITAL FUND (CAYMAN), L.P.

Fund administrator SS&C TECHNOLOGIES, INC. NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian SILICON VALLEY BANK MENLO PARK, California, United States Related to adviser: No

Custodian THE BANK OF NEW YORK MELLON EVERETT, Massachusetts, United States Related to adviser: No

Marketer CARNEGIE FONDER STOCKHOLM, Sweden Related to adviser: No

Marketer CITI PRIVATE ALTERNATIVES, LLC NEW YORK, New York, United States Related to adviser: No

Marketer LPL FINANCIAL LLC FORT MILL, South Carolina, United States Related to adviser: No

Marketer MORGAN STANLEY SMITH BARNEY LLC 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: Yes
External marketing: Yes

DELOITTE & TOUCHE LLP
PCAOB 34

SILICON VALLEY BANK
LEI 549300D2KJ20JMXE7542

THE BANK OF NEW YORK MELLON
LEI HPFHU0OQ28E4N0NFVK49

LPL FINANCIAL LLC
CRD 6413 · SEC 801-10970

Fund details & source

Fund ID: 805-7661979721
Reported beneficial owners: 299
Minimum commitment: $10M
Form D file number: 021-289762
Form D file number: 021-28976201

Form ADV 2085303 · 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.

MAKENA CAPITAL SPLITTER Y, L.P.Hedge Fund · Last reported Mar 31, 2026$1.49BGross asset value

Form D fundraising filings

Makena Capital Splitter Y, L.P.

Fund administrator SS&C TECHNOLOGIES, INC. NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian THE BANK OF NEW YORK MELLON EVERETT, Massachusetts, 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

DELOITTE & TOUCHE LLP
PCAOB 34

THE BANK OF NEW YORK MELLON
LEI HPFHU0OQ28E4N0NFVK49

Fund details & source

Fund ID: 805-3891013691
Reported beneficial owners: 94
Minimum commitment: $100M
Form D file number: 021-153912

Form ADV 2085303 · 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 · Business portfolio management · Selection of other advisers

Compensation

Percentage of assets · Performance-based

Principal office

2755 SAND HILL ROAD, SUITE 200
MENLO PARK, CA, 94025, United States

CRD 156855

Filing source

Form ADV 2085303 · 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.