KESTREL INVESTMENT MANAGEMENT CORP

Advisory Business

Type of Organization	Corporation
Fiscal Year End	DECEMBER
Legal Location	California, United States

Employees

Total Number of Employees	8
Investment Advisory/Research	4
Registered Broker-Dealer Representatives	0
Registered State Investment Advisers	0
Licensed Agents of an Insurance Company	0
No. of Firms/People that Solicit Clients	0

RAUM

Provides Management of Securities Portfolios	Yes

Type	Accounts	RAUM
Discretionary	9	$153.0M
Non-Discretionary	0	$0
Total	9	$153.0M

Clients

Type	Number	RAUM
Individuals	0	$0
HNW Individuals	6	$50.7M
Banking or thrift institutions	0	$0
Investment companies	0	$0
Business development companies	0	$0
Pooled investment vehicles	1	$13.8M
Pension and profit sharing plans	<5	$62.4M
Charitable organizations	<5	$26.0M
State or municipal gov entities	0	$0
Other investment advisers	0	$0
Insurance companies	0	$0
Sovereign wealth funds and foreign official institutions	0	$0
Corporations or other businesses	0	$0
Other	0	$0

Type	Number
No. of Non-RAUM Clients	0
No. of Non-U.S. Clients	0

Services

Advisory Services	Portfolio management for individuals and/or small businessesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clients
Compensation	% of AUM

Identifiers

SEC RIA File Number	801-43351
SEC ERA File Number	801-43351
SEC CIK Numbers	917579, 1372702
SEC CRD Numbers	106789
Legal Entity Identifier	None

Principal Office

411 BOREL AVENUE
SUITE 403
SAN MATEO
CA
United States

Websites

Chief Compliance Officer

No. Employees, Historic

RAUM, Historic

No. Clients, Historic