ARDEN FUND MANAGEMENT, LLC
Adviser information for ARDEN FUND MANAGEMENT, LLC last updated from Form ADV on March 28th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Delaware, United States |
Employees
| Total Number of Employees | 22 |
|---|---|
| Investment Advisory/Research | 15 |
| Registered Broker-Dealer Representatives | 2 |
| Registered State Investment Advisers | 2 |
| Licensed Agents of an Insurance Company | 1 |
| No. of Firms/People that Solicit Clients | 8 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 14 | $1.2B |
| Non-Discretionary | 0 | $0 |
| Total | 14 | $1.2B |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 0 | $0 |
| HNW Individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 14 | $1.2B |
| Pension and profit sharing plans | 0 | $0 |
| Charitable organizations | 0 | $0 |
| 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 |
| No. of Financial Planning Clients | 0 |
Services
| Advisory Services | Portfolio management for pooled investment vehiclesMANAGEMENT OF PRIVATE REAL ESTATE FUNDS |
|---|---|
| Compensation | % of AUMPerformance-based feesCARRIED INTEREST |
| Other Business Activities | Real estate broker, dealer, or agent |
Identifiers
| SEC RIA File Number | 801-80193 |
|---|---|
| SEC ERA File Number | 801-80193 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 164662 |
| Legal Entity Identifier | N/A |
Principal Office
1600 MARKET STREETSUITE 2600
PHILADELPHIA
PA
United States
Monday - Friday, 9:00AM - 5:00PM
Tel: 215-735-1313, Fax: 215-735-1123
Chief Compliance Officer
JOSEPH S. CARUSO
CHIEF OPERATING OFFICER
1600 MARKET STREET
SUITE 2600
PHILADELPHIA
PA
United States
Tel:
215-735-1313
Fax:
215.735.1123
J**@*************M
(Full email address available in API data)
Regulatory Contact
CRAIG A. SPENCER
PRESIDENT
1600 MARKET STREET, 17TH FLOOR
SUITE 2600
PHILADELPHIA
PA
United States
Tel:
215.735.1313
Fax:
215.735.1123
C**@*************M
(Full email address available in API data)
Industry Affiliates
| AQUARIUS INVESTMENT, LP | Sponsor, GP, manager of pooled investment vehicles |
| THE ARDEN GROUP. INC. | Real estate broker or dealerSponsor or syndicator of limited partnershipsSponsor, GP, manager of pooled investment vehicles |
| THE ARDEN GROUP INC. | Real estate broker or dealerSponsor or syndicator of limited partnerships |
| THE ARDEN GROUP, INC | Real estate broker or dealer |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|---|---|---|---|
| AQOZF FSU WEHO, L.P. | Real Estate Fund | $0.4M | $0.1M | 2 |
| ARDEN FUTUREPROOF, LLC | Real Estate Fund | $1.8M | $0.0M | 9 |
| ARDEN OPPORTUNITY FUND II, LP | Real Estate Fund | $6.6M | $0.3M | 99 |
| ARDEN REAL ESTATE PARTNERS I, LP | Real Estate Fund | $4.5M | $0.3M | 88 |
| ARDEN REAL ESTATE PARTNERS II-Q, L.P | Real Estate Fund | $7.6M | $0.5M | 50 |
| ARDEN REAL ESTATE PARTNERS II, LP | Real Estate Fund | $30.9M | $0.5M | 99 |
| ARDEN REAL ESTATE PARTNERS IV, L.P. | Real Estate Fund | $69.4M | $0.0M | 11 |
| AREP IV PARALLEL S FUND, LP | Real Estate Fund | $44.3M | $0.0M | 4 |
| AREPIII 1735 INVESTORS, LLC | Real Estate Fund | $34.2M | $0.3M | 26 |
| AREPIII PARALLEL S FUND, LP | Real Estate Fund | $30.6M | $0.1M | 4 |
| RXR ARDEN DIGITAL VENTURES FUND LP | Private Equity Fund | $16.6M | $0.0M | 13 |
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| AQUARIUS INVESTMENT, LP | Domestic Entity | – | MANAGING MEMBER AND 100% OWNER OF MEMBER INTERESTS | 05/2012 | > 75% |
| SPENCER, CRAIG, ALLEN | Individual | AQUARIUS INVESTMENTS, LP | GENERAL PARTNER AND 1% OWNER | 04/1995 | |
| SPENCER FAMILY TRUST | Domestic Entity | AQUARIUS INVESTMENTS, LP | LIMITED PARTNER AND 99% OWNER | 04/1995 | > 75% |
| SPENCER, CRAIG, ALLEN | Individual | – | CHAIRMAN & CHIEF EXECUTIVE OFFICER | 04/1995 | < 5% |
| CARUSO, JOSEPH, SANTO | Individual | – | CHIEF COMPLIANCE OFFICER / CHIEF OPERATING OFFICER | 04/2014 | < 5% |
| NIPON, ANDREW, MARK | Individual | AQUARIUS INVESTMENT, LP | TRUSTEE | 07/2015 | |
| NIPON, LAURENCE, MICHAEL | Individual | AQUARIUS INVESTMENT, LP | TRUSTEE | 07/2015 | |
| Dilmore, Alfred, Joseph | Individual | – | CHIEF FINANCIAL OFFICER | 07/2021 | < 5% |