Angeles Investment Advisors, Llc.
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 110213
· SEC file 801-60042
· Santa Monica, CA
· www.linkedin.com
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ADV data as of Jul 30, 2026
- Regulatory AUM
- $7.3B
- Discretionary
- $6.0B
- Clients
- 61
- Avg AUM / client
- $119M
- Accounts
- 61
- Employees
- 28
AUM over time
$1.3B
$8.7B
Dec 2011
Jul 2026
Annual snapshots from Form ADV filings · as of Jul 30, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 5 | $157M | 2.16% |
| Pooled investment vehicles (non-investment companies) | 17 | $4.3B | 58.5% |
| Pension and profit sharing plans | 6 | $389M | 5.34% |
| Charitable organizations | 32 | $2.4B | 33.1% |
| Corporations and other businesses | 1 | $62.7M | 0.86% |
Private funds (15)
Reported in Form ADV Section 7.B.(1), filing of Jul 2024 · $3.6B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Angeles Global Equity Opportunities Fund Llc | Other Private Fund | Delaware | $1.6B | 121 |
| Angeles Diversified Income Fund Llc | Other Private Fund | Delaware | $837M | 52 |
| Angeles Absolute Return Fund Ltd | Hedge Fund | Cayman Islands | $200M | 43 |
| Angeles Private Markets Fund 2 Lp | Private Equity Fund | Delaware | $148M | 34 |
| Angeles Private Markets Fund Lp | Private Equity Fund | Delaware | $123M | 37 |
| Angeles Private Markets Fund 4 Lp | Private Equity Fund | Delaware | $122M | 65 |
| Angeles Private Markets Fund 3 Lp | Private Equity Fund | Delaware | $109M | 41 |
| Angeles Private Credit Fund Lp | Other Private Fund | Delaware | $99.3M | 37 |
| Angeles Direct Equity Fund 1 Lp | Private Equity Fund | Delaware | $94.7M | 62 |
| Angeles Private Credit Fund 2 Lp | Other Private Fund | Delaware | $88.0M | 41 |
| Angeles Direct Equity Fund 2 Lp | Private Equity Fund | Delaware | $48.4M | 73 |
| Angeles Private Markets Fund 5 Lp | Private Equity Fund | Delaware | $43.0M | 62 |
| Angeles Real Assets Fund 1 Lp | Private Equity Fund | Delaware | $39.6M | 27 |
| Angeles Private Credit Fund 3 Lp | Other Private Fund | Delaware | $12.7M | 22 |
| Angeles Absolute Return Fund Llc | Hedge Fund | Delaware | $6.3M | 2 |
Nonprofit clients
Charities that reported this firm as a top-paid contractor (investment services) on Form 990.
| Charity | Location | Period |
|---|---|---|
| Mary E Bivins Foundation EIN 750842370 | Amarillo, TX | 09/30/2024 |
| Amarillo College Foundation Inc EIN 756029084 | Amarillo, TX | 08/31/2024 |
| New Mexico State University Foundation Inc EIN 850170157 | Las Cruces, NM | 06/30/2024 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Employees Retirement Plan Of Hajoca Corporation Hajoca Corporation | 2024 | |
| Jacobs Technology Inc. Employees' Savings Plan Jacobs Technology, Inc. | 2024 | |
| Kaiser Permanente Supplemental Savings And Retirement Plan For Scpmg Southern California Permanente Medical Group | 2024 | |
| The 401(k) Plan For Permanente Medical Groups Southern California Permanente Medical Group | 2024 | |
| Southwestern Law School Dc Retirement Plan Southwestern Law School | 2024 | |
| Employees' Retirement Plan Of Consolidated Electrical Distributors, Inc. Consolidated Electrical Distributors, Inc. | 2024 | |
| Securitas Technology Corporation 401(k) Savings Plan Securitas Technology Corporation | 2024 | |
| Jacobs 401(k) Plus Savings Plan Jacobs Engineering Group Inc. | 2024 |
People (10)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Michael Adam Rosen | Managing Member | Jan 2001 (26y) | 25% – 50% | |
| Perlow, Howard, David | Managing Member | Jan 2001 (26y) | 25% – 50% | |
| Kridel, Sandra, C | Chief Administrative Officer | Oct 2004 (22y) | Less than 5% | |
| Mcgibbons, Anna, Louise | Consultant | Apr 2005 (21y) | Less than 5% | |
| Smetana, Stephen, Thomas | Chief Compliance Officer, Chief Operating Officer | Jun 2008 (18y) | Less than 5% | |
| Burlon, Michael | Hedge Fund Research Consultant | Nov 2014 (12y) | Less than 5% | |
| Cruz, Derrick | Director Private Markets | Jan 2019 (8y) | Less than 5% | |
| Yung, William, W | Associate Director Private Markets | Jan 2019 (8y) | Less than 5% | |
| Brief, David, Robert | Investment Officer | Mar 2021 (5y) | Less than 5% | |
| Raikh, Evgenia | Director Private Markets | Mar 2021 (5y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Cadei, Gina F | Operations Associate | Jan 2016 | A | Less than 5% |
| Azelton, Aaron | Director Public Markets | Jan 2016 | A | Less than 5% |
Undisclosed: 0% – 50% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (15, $3.6B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Angeles Global Equity Opportunities Fund Llc | Other Private Fund | $1.6B | $1.0M | 121 |
| Angeles Diversified Income Fund Llc | Other Private Fund | $837M | $1.0M | 52 |
| Angeles Absolute Return Fund Ltd | Hedge Fund | $200M | $1.0M | 43 |
| Angeles Private Markets Fund 2 Lp | Private Equity Fund | $148M | $1.0M | 34 |
| Angeles Private Markets Fund Lp | Private Equity Fund | $123M | $1.0M | 37 |
| Angeles Private Markets Fund 4 Lp | Private Equity Fund | $122M | $1.0M | 65 |
| Angeles Private Markets Fund 3 Lp | Private Equity Fund | $109M | $1.0M | 41 |
| Angeles Private Credit Fund Lp | Other Private Fund | $99.3M | $1.0M | 37 |
| Angeles Direct Equity Fund 1 Lp | Private Equity Fund | $94.7M | $1.0M | 62 |
| Angeles Private Credit Fund 2 Lp | Other Private Fund | $88.0M | $1.0M | 41 |
| Angeles Direct Equity Fund 2 Lp | Private Equity Fund | $48.4M | $1.0M | 73 |
| Angeles Private Markets Fund 5 Lp | Private Equity Fund | $43.0M | $1.0M | 62 |
| Angeles Real Assets Fund 1 Lp | Private Equity Fund | $39.6M | $1.0M | 27 |
| Angeles Private Credit Fund 3 Lp | Other Private Fund | $12.7M | $1.0M | 22 |
| Angeles Absolute Return Fund Llc | Hedge Fund | $6.3M | $1.0M | 2 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (8)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Employees Retirement Plan Of Hajoca Corporation | Hajoca Corporation | 5,164 | $483M | 01/01/2024 |
| Jacobs Technology Inc. Employees' Savings Plan | Jacobs Technology, Inc. | 8,335 | $2.2B | 01/01/2024 |
| Kaiser Permanente Supplemental Savings And Retirement Plan For Scpmg | Southern California Permanente Medical Group | 6,474 | $899M | 01/01/2024 |
| The 401(k) Plan For Permanente Medical Groups | Southern California Permanente Medical Group | 18,579 | $6.5B | 01/01/2024 |
| Southwestern Law School Dc Retirement Plan | Southwestern Law School | 202 | $106M | 01/01/2024 |
| Employees' Retirement Plan Of Consolidated Electrical Distributors, Inc. | Consolidated Electrical Distributors, Inc. | 1,665 | $1.2B | 01/01/2024 |
| Securitas Technology Corporation 401(k) Savings Plan | Securitas Technology Corporation | 3,616 | $199M | 01/01/2024 |
| Jacobs 401(k) Plus Savings Plan | Jacobs Engineering Group Inc. | 16,218 | $6.4B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Foundations & charities (3)
| Organization | Type | Assets | As of |
|---|---|---|---|
| Mary E Bivins Foundation | Public charity | $139M | 09/30/2024 |
| Amarillo College Foundation Inc | Public charity | $91.2M | 08/31/2024 |
| New Mexico State University Foundation Inc | Public charity | $423M | 06/30/2024 |
From IRS Form 990 investment-management-fee disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/13/2026 | 4.9 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
Custody
Reported custodians
- Charles Schwab & Co. $1.6B (22% of AUM) Mar 2026
- Northern Trust $1.1B (13% of AUM) Dec 2022
- BNY Mellon $954M (13% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jul 30, 2026.
View current Form ADV (SEC/IAPD) ↗