Investment adviser · CRD 297613

SWEETWATER PRIVATE EQUITY

Investment adviser filing (IA)

SWEETWATER INVESTMENT MANAGEMENT LLC

ENCINITAS, CA, United States · Form ADV filed Aug 31, 2026

Regulatory AUM
$1.58B
Form ADV · Item 5.F
Client accounts
14
Accounts, not individual clients
Employees
20
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 vehicles14$1,580,323,645100.0%
Filing source

Form ADV 2120624 · Aug 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

16 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.

SWEETWATER PRIVATE EQUITY III L.P.Private Equity Fund · Last reported Aug 31, 2026$674MGross asset value

Form D fundraising filings

Sweetwater Private Equity III L.P.

Feeder funds

Fund administrator STANDISH MANAGEMENT LOS ANGELES, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE & TOUCHE LLP LOS ANGELES, California, United States
Custodian BANC OF CALIFORNIA LOS ANGELES, California, United States Related to adviser: No
Custodian LADENBURG THALMANN & CO. INC. NEW YORK, New York, United States Related to adviser: No
Custodian MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED NEW YORK, New York, United States Related to adviser: No
Marketer HARKEN CAPITAL SECURITIES, LLC BOSTON, Massachusetts, United States Related to adviser: No
Prime broker LADENBURG THALMANN & CO. INC. NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

DELOITTE & TOUCHE LLP
PCAOB 34

BANC OF CALIFORNIA
LEI 549300IBHVRZNE4YFN80

LADENBURG THALMANN & CO. INC.
SEC 8-17230

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
SEC 8-7221

HARKEN CAPITAL SECURITIES, LLC
CRD 163749 · SEC 8-69077

LADENBURG THALMANN & CO. INC.
CRD 505 · SEC 8-17230

Fund details & source
Fund ID
805-3032422511
Reported beneficial owners
98
Minimum commitment
$75K
Form D file number
021-401462
Form D file number
021-401829

Form ADV 2120624 · Aug 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.

SWEETWATER SECONDARIES FUND IV L.P.Private Equity Fund · Last reported Aug 31, 2026$317MGross asset value

Form D fundraising filings

Sweetwater Secondaries Fund IV L.P.

Feeder funds

  • SWEETWATER SECONDARIES FUND IV (CAYMAN) L.P.
Fund administrator STANDISH MANAGEMENT LOS ANGELES, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE & TOUCHE LLP LOS ANGELES, California, United States
Custodian BANC OF CALIFORNIA LOS ANGELES, California, United States Related to adviser: No
Custodian MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED NEW YORK, New York, United States Related to adviser: No
Marketer ATLANTIC - PACIFIC CAPITAL, INC. STAMFORD, Connecticut, 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

BANC OF CALIFORNIA
LEI 549300IBHVRZNE4YFN80

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
SEC 8-7221

ATLANTIC - PACIFIC CAPITAL, INC.
CRD 38356 · SEC 8-48198

Fund details & source
Fund ID
805-2524149566
Reported beneficial owners
40
Minimum commitment
$0
Form D file number
021-526995

Form ADV 2120624 · Aug 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.

SWEETWATER SECONDARIES FUND II L.P.Private Equity Fund · Last reported Aug 31, 2026$269MGross asset value

Form D fundraising filings

Sweetwater Secondaries Fund II, L.P.

Feeder funds

Fund administrator STANDISH MANAGEMENT LOS ANGELES, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE & TOUCHE LLP LOS ANGELES, California, United States
Custodian BANC OF CALIFORNIA LOS ANGELES, California, United States Related to adviser: No
Custodian LADENBURG THALMANN & CO. INC. NEW YORK, New York, United States Related to adviser: No
Custodian MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED NEW YORK, New York, United States Related to adviser: No
Marketer HARKEN CAPITAL SECURITIES, LLC BOSTON, Massachusetts, United States Related to adviser: No
Prime broker LADENBURG THALMANN & CO. INC. NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

DELOITTE & TOUCHE LLP
PCAOB 34

BANC OF CALIFORNIA
LEI 549300IBHVRZNE4YFN80

LADENBURG THALMANN & CO. INC.
SEC 8-17230

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
SEC 8-7221

HARKEN CAPITAL SECURITIES, LLC
CRD 163749 · SEC 8-69077

LADENBURG THALMANN & CO. INC.
CRD 505 · SEC 8-17230

Fund details & source
Fund ID
805-9826554590
Reported beneficial owners
96
Minimum commitment
$75K
Form D file number
021-312679
Form D file number
021-353665

Form ADV 2120624 · Aug 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.

SWEETWATER III D LPPrivate Equity Fund · Last reported Aug 31, 2026$108MGross asset value

Form D fundraising filings

Sweetwater III D LP

Fund administrator STANDISH MANAGEMENT LOS ANGELES, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE & TOUCHE LLP LOS ANGELES, California, United States
Custodian BANC OF CALIFORNIA LOS ANGELES, 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

DELOITTE & TOUCHE LLP
PCAOB 34

BANC OF CALIFORNIA
LEI 549300IBHVRZNE4YFN80

Fund details & source
Fund ID
805-8337868588
Reported beneficial owners
20
Minimum commitment
$0
Form D file number
021-519273

Form ADV 2120624 · Aug 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.

SWEETWATER III B LPPrivate Equity Fund · Last reported Aug 31, 2026$70.6MGross asset value

Form D fundraising filings

Sweetwater III B LP

Fund administrator STANDISH MANAGEMENT LOS ANGELES, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE & TOUCHE LLP LOS ANGELES, California, United States
Custodian BANC OF CALIFORNIA LOS ANGELES, 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

DELOITTE & TOUCHE LLP
PCAOB 34

BANC OF CALIFORNIA
LEI 549300IBHVRZNE4YFN80

Fund details & source
Fund ID
805-7849697109
Reported beneficial owners
4
Minimum commitment
$1M
Form D file number
021-496831

Form ADV 2120624 · Aug 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.

SWEETWATER III A LPPrivate Equity Fund · Last reported Aug 31, 2026$68.9MGross asset value

Form D fundraising filings

Sweetwater III A LP

Fund administrator STANDISH MANAGEMENT LOS ANGELES, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE & TOUCHE LLP LOS ANGELES, California, United States
Custodian BANC OF CALIFORNIA LOS ANGELES, 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

DELOITTE & TOUCHE LLP
PCAOB 34

BANC OF CALIFORNIA
LEI 549300IBHVRZNE4YFN80

Fund details & source
Fund ID
805-2977888809
Reported beneficial owners
5
Minimum commitment
$1M
Form D file number
021-480996

Form ADV 2120624 · Aug 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.

SWEETWATER SELECT GROWTH FUND I L.P.Private Equity Fund · Last reported Aug 31, 2026$18.4MGross asset value

Form D fundraising filings

Sweetwater Select Growth Fund I L.P.

Fund administrator STANDISH MANAGEMENT LOS ANGELES, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE & TOUCHE LLP LOS ANGELES, California, United States
Custodian BANC OF CALIFORNIA LOS ANGELES, 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

DELOITTE & TOUCHE LLP
PCAOB 34

BANC OF CALIFORNIA
LEI 549300IBHVRZNE4YFN80

Fund details & source
Fund ID
805-3673366330
Reported beneficial owners
5
Minimum commitment
$0
Form D file number
021-550789

Form ADV 2120624 · Aug 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: Aug 31, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

662 ENCINITAS BLVD, STE 250
ENCINITAS, CA, 92024, United States

CRD 297613

Filing source

Form ADV 2120624 · Aug 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.