C Iii Investment Management Llc
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 156553
· SEC file 801-72474
· New York, NY
· WWW.C3CP.COM
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ADV data as of Mar 31, 2026
- Regulatory AUM
- $2.5B
- Discretionary
- $2.0B
- Clients
- 9
- Avg AUM / client
- $274M
- Accounts
- 9
- Employees
- 80
AUM over time
$2.5B
$5.1B
Dec 2011
Dec 2025
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) | 8 | $2.4B | 99.2% |
| Insurance companies | 1 | $20.2M | 0.82% |
Private funds (9)
Reported in Form ADV Section 7.B.(1), filing of Jul 2024 · $3.5B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| C Iii Recovery Fund Iii L.P. | Real Estate Fund | Delaware | $2.1B | 105 |
| C Iii Recovery Fund Ii L.P. | Real Estate Fund | Delaware | $682M | 105 |
| Arcap 2006 Rr7 Resecuritization, Inc. | Securitized Asset Fund | Delaware | $399M | 30 |
| C Iii Recovery Fund Ii Co Investment L.P. | Real Estate Fund | Delaware | $144M | 4 |
| Centerline 2007 1 Resecuritization, Inc. | Securitized Asset Fund | Delaware | $104M | 2 |
| C Iii High Yield Real Estate Debt Fund Iv L.P. | Hedge Fund | Delaware | $50.2M | 11 |
| C Iii Recovery Fund Ii Co Investment Ii (Ny2) L.P. | Real Estate Fund | Delaware | $6.3M | 2 |
| Arcap 2005 1 Resecuritization, Inc. | Securitized Asset Fund | Delaware | $5.8M | 13 |
| Nomura Cre Cdo 2007 2, Limited | Securitized Asset Fund | Cayman Islands | $2.0M | 12 |
People (14)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Farkas, Andrew, Lawrence | Member | Jul 2003 (23y) | 75% or more of Island Capital Group Llc (indirect) | |
| Cohen, Jeffrey, Patrick | Member Of Board Of Managers | Feb 2010 (17y) | Less than 5% | |
| Reisman, Sidney, Joseph | Member Of Board Of Managers | Feb 2010 (17y) | GP / trustee / elected manager of C Iii Capital Partners Llc (indirect) | |
| Hughson, Paul, Andrew | Executive Managing Director | Dec 2010 (16y) | Less than 5% | |
| Lieber, Robert, Cross | Executive Managing Director | Dec 2010 (16y) | Less than 5% | |
| Block, Lawrence, Steven | Senior Managing Director, Co General Counsel And Chief Compliance Officer | Jan 2011 (16y) | Less than 5% | |
| Jesselson, Michael, Gershon | Member Of Board Of Managers | May 2012 (14y) | GP / trustee / elected manager of C Iii Capital Partners Llc (indirect) | |
| Furman, Katherine, Drew | Senior Managing Director | Sep 2012 (14y) | Less than 5% | |
| Tai, Edward, C. | Managing Director | Sep 2012 (14y) | Less than 5% | |
| Mark Zvi Lande | Senior Managing Director, Co General Counsel And Secretary | Nov 2013 (13y) | Less than 5% | |
| Waters, Stephen, Bedingfield | Managing Director And Chief Accounting Officer | Jan 2022 (5y) | Less than 5% | |
| Schneidman, Jon, Baer | Senior Managing Director | Feb 2022 (5y) | Less than 5% | |
| White, Diana, Wilson | Managing Director | Feb 2022 (5y) | Less than 5% | |
| Pisano, Jeffrey, Thomas | Senior Managing Director | Jun 2023 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| C Iii Capital Partners Llc | Member, C Iii Investment Management Llc | Nov 2010 | A | 75% or more |
| Island Capital Group Llc | Member | Oct 2009 | B | 75% or more of Island C Iii Directives Llc (indirect) |
| Anubis Advisors Llc | Member | Mar 2010 | B | 75% or more of Island C Iii Manager Llc (indirect) |
| Island C Iii Holdings Llc | Member | Feb 2010 | B | ≈ 18.75% – 50% via C Iii Capital Partners Llc |
| Island C Iii Holdings Ii Llc | Member | May 2010 | B | ≈ 18.75% – 50% via C Iii Capital Partners Llc |
| Island C Iii Directives Llc | Managing Member | Nov 2009 | B | GP / trustee / elected manager of Island C Iii Holdings Llc (indirect) |
| Island C Iii Manager Llc | Manager | Feb 2010 | B | GP / trustee / elected manager of C Iii Capital Partners Llc (indirect) |
| Island C Iii Directives Ii Llc | Managing Member | May 2010 | B | GP / trustee / elected manager of Island C Iii Holdings Ii Llc (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Island C Iii Holdings Llc: 25% – 50% of C Iii Capital Partners Llc × 75% – 100% direct ≈ 18.75% – 50% of the firm
- Island C Iii Holdings Ii Llc: 25% – 50% of C Iii Capital Partners Llc × 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 (9, $3.5B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| C Iii Recovery Fund Iii L.P. | Real Estate Fund | $2.1B | $375K | 105 |
| C Iii Recovery Fund Ii L.P. | Real Estate Fund | $682M | $10.0M | 105 |
| Arcap 2006 Rr7 Resecuritization, Inc. | Securitized Asset Fund | $399M | $100K | 30 |
| C Iii Recovery Fund Ii Co Investment L.P. | Real Estate Fund | $144M | $0 | 4 |
| Centerline 2007 1 Resecuritization, Inc. | Securitized Asset Fund | $104M | $100K | 2 |
| C Iii High Yield Real Estate Debt Fund Iv L.P. | Hedge Fund | $50.2M | $1.0M | 11 |
| C Iii Recovery Fund Ii Co Investment Ii (Ny2) L.P. | Real Estate Fund | $6.3M | $5.0M | 2 |
| Arcap 2005 1 Resecuritization, Inc. | Securitized Asset Fund | $5.8M | $100K | 13 |
| Nomura Cre Cdo 2007 2, Limited | Securitized Asset Fund | $2.0M | $250K | 12 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 3.64 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
- • SEE SCHEDULE D - MISCELLANEOUS
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Other services
Custody
Reported custodians
- Citibank $20.2M (1% of AUM) Mar 2026
- Wells Fargo $19.5M (0% of AUM) Oct 2022
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) ↗