Investment adviser · CRD 335825

ONWARD INVESTORS

Exempt reporting adviser (ERA)

Exempt reporting advisers use a shorter Form ADV report. Some adviser-level figures are not reported; fund disclosures appear below when available.

ONWARD INVESTORS, LLC

MINNETONKA, MN, United States · Form ADV filed Sep 21, 2026

Adviser-level assets, account counts and staffing figures are unavailable in this filing. View the reported fund disclosures below →

Private funds & service providers

3 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.

ONWARD INVESTORS VALUE FUND III, L.P.Real Estate Fund · Last reported Sep 21, 2026$458MGross asset value
Fund administrator ARMANINO, LLP SAN RAMON, California, United States Investor statements: No (provided to no investors) Related to adviser: No
Fund administrator JSQ ADMINISTRATIVE SERVICES LLC 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 U.S. BANCORP ADVISORS, LLC ST. PAUL, Minnesota, 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

U.S. BANCORP ADVISORS, LLC
SEC 8-30706

Fund details & source
Fund ID
805-5244265789
Reported beneficial owners
1
Minimum commitment
$500K
Form D file number
021-2030050

Form ADV 2114400 · Sep 21, 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.

ONWARD INVESTORS VALUE FUND II, L.P.Real Estate Fund · Last reported Sep 21, 2026$364MGross asset value
Fund administrator ARMANINO, LLP SAN RAMON, California, United States Investor statements: No (provided to no investors) Related to adviser: No
Fund administrator JSQ ADMINISTRATIVE SERVICES LLC 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 U.S. BANCORP ADVISORS, LLC ST. PAUL, Minnesota, 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

U.S. BANCORP ADVISORS, LLC
SEC 8-30706

Fund details & source
Fund ID
805-5810969469
Reported beneficial owners
1
Minimum commitment
$250K
Form D file number
021-1817457

Form ADV 2114400 · Sep 21, 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.

ONWARD INVESTORS VALUE FUND, L.P.Real Estate Fund · Last reported Sep 21, 2026$19.4MGross asset value

No provider names available in this fund's imported disclosure.

Provider details
Annual audit
No
Prime brokers
No
Custodians
No
Administrator other than the adviser
No
External marketing
No
Fund details & source
Fund ID
805-3402301984
Reported beneficial owners
1
Minimum commitment
$250K
Form D file number
021-1669446

Form ADV 2114400 · Sep 21, 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: Sep 21, 2026. View historical filings

Reported services

Not reported in these imported fields

Compensation

Not reported in these imported fields

Principal office

10900 WAYZATA BLVD., SUITE 700
MINNETONKA, MN, 55305, United States

CRD 335825

Filing source

Form ADV 2114400 · Sep 21, 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.