Ab Carval Investors, Lp
SEC-registered
Private Fund Manager · Large ($10B–$100B)
CRD 141819
· SEC file 801-71932
· Minneapolis, MN
· www.linkedin.com
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ADV data as of Mar 30, 2026
- Regulatory AUM
- $18.4B
- Discretionary
- $13.8B
- Clients
- 69
- Avg AUM / client
- $267M
- Accounts
- 69
- Employees
- 169
AUM over time
$13.1B
$20.4B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 30, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 1 | $414M | 2.24% |
| Pooled investment vehicles (non-investment companies) | 63 | $13.4B | 72.5% |
| Other | 5 | $4.7B | 25.2% |
Private funds (65)
View all →Reported in Form ADV Section 7.B.(1), filing of Nov 2024 · $15.2B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Cvi Cvf V Pooling Fund Ii Lp master | Hedge Fund | Delaware | $4.1B | 229 |
| Cvi Cvf Iv Master Fund Ii Lp master | Hedge Fund | Delaware | $2.5B | 138 |
| Cvi Aa Master Fund Ii Lp master | Hedge Fund | Delaware | $835M | 27 |
| Cvi Cvf Iii Master Fund Ii Lp master | Hedge Fund | Delaware | $639M | 113 |
| Cvic Master Fund Lp master | Hedge Fund | Cayman Islands | $592M | 256 |
| Centre Street Carval Partnership Lp | Hedge Fund | Delaware | $471M | 8 |
| Cvi Cvf V Pooling Fund I Lp master | Hedge Fund | Delaware | $460M | 229 |
| Carval Contingent Credit Fund Lp | Hedge Fund | Delaware | $395M | 2 |
| Carval Gcf Master Fund Ii Lp master | Hedge Fund | Delaware | $376M | 61 |
| Cvi Ccof Master Fund I Lp master | Hedge Fund | Delaware | $375M | 6 |
| Cvi Cvf Singapore Holdings Vcc | Hedge Fund | Singapore | $357M | 10 |
| Cvi Cvf V Pooling Fund Iii Lp master | Hedge Fund | Delaware | $332M | 229 |
| Cvi Cvf Iv Master Fund I Lp master | Hedge Fund | Delaware | $319M | 138 |
| Cvi Cef Master Fund Iii Lp master | Hedge Fund | Delaware | $307M | 47 |
| Cvi Aif Master Fund Ii Lp master | Hedge Fund | Delaware | $283M | 28 |
People (7)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Bogart, Matthew, Robert | General Counsel | Aug 2007 (19y) | Less than 5% | |
| Ganley, James, Patrick | Managing Principal | Jun 2016 (10y) | Less than 5% | |
| Gunderson, Jody, Ann | Managing Principal | Jun 2016 (10y) | Less than 5% | |
| Hedberg, Christopher, John | Chief Operating Officer | Jan 2017 (10y) | Less than 5% | |
| Detor, Lucas, Kole | Managing Principal | Jun 2017 (9y) | Less than 5% | |
| Oberg, Christie, Ramona Farris | Chief Compliance Officer | Jul 2022 (4y) | Less than 5% | |
| Morris, Brandynn, Young | Chief Financial Officer | Jan 2023 (4y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Alliancebernstein L.P. | General Partner | Jul 2022 | A | 75% or more |
| Equitable Holdings Inc | Shareholder | Jun 2020 | B | ≈ 14.06% – 50% via Alpha Units Holdings Inc |
| Alliancebernstein Holding L.P. | Limited Partner | Oct 1999 | B | ≈ 18.75% – 50% via Alliancebernstein L.P. |
| Alpha Units Holdings Inc | Limited Partner | May 2018 | B | ≈ 18.75% – 50% via Alliancebernstein L.P. |
| Alliancebernstein Corporation | General Partner | Oct 1999 | B | GP / trustee / elected manager of Alliancebernstein L.P. (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Equitable Holdings Inc: 75% – 100% of Alpha Units Holdings Inc × 25% – 50% of Alliancebernstein L.P. × 75% – 100% direct ≈ 14.06% – 50% of the firm
- Alliancebernstein Holding L.P.: 25% – 50% of Alliancebernstein L.P. × 75% – 100% direct ≈ 18.75% – 50% of the firm
- Alpha Units Holdings Inc: 25% – 50% of Alliancebernstein L.P. × 75% – 100% direct ≈ 18.75% – 50% of the firm
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 (65, $15.2B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Cvi Cvf V Pooling Fund Ii Lp | Hedge Fund | $4.1B | $10.0M | 229 |
| Cvi Cvf Iv Master Fund Ii Lp | Hedge Fund | $2.5B | $10.0M | 138 |
| Cvi Aa Master Fund Ii Lp | Hedge Fund | $835M | $5.0M | 27 |
| Cvi Cvf Iii Master Fund Ii Lp | Hedge Fund | $639M | $10.0M | 113 |
| Cvic Master Fund Lp | Hedge Fund | $592M | $5.0M | 256 |
| Centre Street Carval Partnership Lp | Hedge Fund | $471M | $5.0M | 8 |
| Cvi Cvf V Pooling Fund I Lp | Hedge Fund | $460M | $10.0M | 229 |
| Carval Contingent Credit Fund Lp | Hedge Fund | $395M | $5.0M | 2 |
| Carval Gcf Master Fund Ii Lp | Hedge Fund | $376M | $10.0M | 61 |
| Cvi Ccof Master Fund I Lp | Hedge Fund | $375M | $5.0M | 6 |
| Cvi Cvf Singapore Holdings Vcc | Hedge Fund | $357M | $0 | 10 |
| Cvi Cvf V Pooling Fund Iii Lp | Hedge Fund | $332M | $10.0M | 229 |
| Cvi Cvf Iv Master Fund I Lp | Hedge Fund | $319M | $10.0M | 138 |
| Cvi Cef Master Fund Iii Lp | Hedge Fund | $307M | $5.0M | 47 |
| Cvi Aif Master Fund Ii Lp | Hedge Fund | $283M | $10.0M | 28 |
| Cvi Av Master Fund Ii Lp | Hedge Fund | $243M | $5.0M | 18 |
| Cvi Cvf Iv Master Fund Iii Lp | Hedge Fund | $237M | $10.0M | 138 |
| Cvi Cef Ii Pooling Fund Ii Lp | Hedge Fund | $207M | $5.0M | 376 |
| Cvi Cvf Ii Master Fund Ii Lp | Hedge Fund | $190M | $10.0M | 48 |
| Cvi Cef Ii Pooling Fund I Lp | Hedge Fund | $171M | $5.0M | 376 |
| Cvi Cef Ii Pooling Fund Iii Lp | Hedge Fund | $169M | $5.0M | 376 |
| Cvi Csf Master Fund I Lp | Hedge Fund | $168M | $300M | 7 |
| Cvi Cef Master Fund I Lp | Hedge Fund | $156M | $5.0M | 47 |
| Cvi Cvf Iii Master Fund I Lp | Hedge Fund | $155M | $10.0M | 113 |
| Cvi Cpt Fund I Ltd | Hedge Fund | $145M | $100K | 3 |
Top 25 of 65 funds by gross assets · all funds
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 17.7 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
Services
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- J.P. Morgan $2.1B (12% of AUM) Mar 2026
- Northern Trust $2.0B (11% of AUM) Mar 2026
- Computershare Trust Company, N.A. $1.1B (6% of AUM) Feb 2026
- Bnp Paribas $70.3M (0% of AUM) Nov 2024
- Bbva Bancomer $5.4M (0% of AUM) Jan 2022
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: Mar 30, 2026.
View current Form ADV (SEC/IAPD) ↗