Steelhead Partners,Llc
- Regulatory AUM
- $2.5B
- Discretionary
- $2.5B
- Clients
- 6
- Avg AUM / client
- $418M
- Accounts
- 7
- Employees
- 12
AUM over time
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 6 | $2.5B | 99.9% |
| Corporations and other businesses | Fewer than 5 clients | $2.6M | 0.1% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $2.6B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Steelhead Pathfinder Master, L.P. master | Hedge Fund | Cayman Islands | $2.6B | 165 |
| Steelhead Navigator Master, L.P. master | Hedge Fund | Cayman Islands | $30.1M | 87 |
People (8)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Johnston, James, Michael | Member | Oct 1996 (30y) | 25% – 50% | |
| Klein, Brian, Katz | Member | Oct 1996 (30y) | Less than 5% | |
| Hulse, Grant, William | Chief Financial Officer/Chief Operating Officer | Jun 2010 (16y) | Less than 5% | |
| Stevenson, Greg, Martin | President | Jun 2010 (16y) | Less than 5% | |
| Binge, Brent, Eugene | General Counsel And Chief Compliance Officer | Jul 2010 (16y) | Less than 5% | |
| Schaefer, Scott, Bradley | Managing Member | Apr 2014 (12y) | Less than 5% | |
| Schaefer, Melissa, Katherine | Trustee | Apr 2014 (12y) | GP / trustee / elected manager of The Schaefer Family Trust (indirect) | |
| Mcfarland, Nicholas, R | Member/Co Portfolio Manager | Apr 2020 (6y) | 25% – 50% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| The Schaefer Family Trust | Member | May 2019 | A | 25% – 50% |
Undisclosed: 0% – 25% 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 (2, $2.6B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Steelhead Pathfinder Master, L.P. | Hedge Fund | $2.6B | $1.0M | 165 |
| Steelhead Navigator Master, L.P. | Hedge Fund | $30.1M | $1.0M | 87 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 1.59 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
- • Performance-based fees
- • Other fees
- • PERFORMANCE-BASED INCENTIVE ALLOCATION
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Bnp Paribas Securities Corp. $16.2M (1% of AUM) Apr 2020
- BNY Mellon $2.6M (0% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have 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: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗