Yucaipa Master Manager, Llc
- Regulatory AUM
- $1.5B
- Discretionary
- $1.5B
- Clients
- 8
- Avg AUM / client
- $186M
- Accounts
- 8
- Employees
- 23
AUM over time
Annual snapshots from Form ADV filings · as of Mar 30, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 8 | $1.5B | 100.0% |
Private funds (8)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $1.5B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Yucaipa American Alliance Fund Ii, Lp | Private Equity Fund | Delaware | $745M | 15 |
| Yucaipa American Alliance (Parallel) Fund Ii, Lp | Private Equity Fund | Delaware | $488M | 28 |
| Yucaipa American Alliance Iii, Lp | Private Equity Fund | Delaware | $163M | 6 |
| Yucaipa American Alliance (Parallel) Iii, Lp | Private Equity Fund | Delaware | $51.5M | 6 |
| Yucaipa Corporate Initiatives Fund I, Lp | Private Equity Fund | Delaware | $13.8M | 5 |
| Yucaipa Corporate Initiatives Fund Ii, Lp | Private Equity Fund | Delaware | $11.5M | 15 |
| Yucaipa Corporate Initiatives (Parallel) Fund Ii, Lp | Private Equity Fund | Delaware | $3.1M | 12 |
| Yucaipa American Special Situation Fund I, Lp | Private Equity Fund | Delaware | $3.0M | 2 |
People (7)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Johnson, Earvin | Trustee Of June Bug Lifetime Trust | Mar 1992 (34y) | 75% or more of June Bug Lifetime Trust (indirect) | |
| Burkle, Ronald, Wayne | Chief Executive Officer, Managing Partners, Member Of Yucaipa Master Manager, Llc | Aug 2004 (22y) | 75% or more | |
| Bermingham, Robert, P | General Counsel Of Yucaipa Master Manager, Llc | May 2011 (15y) | Less than 5% | |
| Stedman, Scott, Lougee | Senior Partner Of Yucaipa Master Manager, Llc | May 2011 (15y) | Less than 5% | |
| Tochner, Ira, Louis | Senior Partner Of Yucaipa Master Manager, Llc | May 2011 (15y) | Less than 5% | |
| Arabian, Hovig | Chief Financial Officer Of Yucaipa Master Manager, Llc | Jan 2016 (11y) | Less than 5% | |
| Larsen, Daniel, Allen | Assistant General Counsel And Chief Compliance Officer Of Yucaipa Master Manager, Llc | Mar 2022 (4y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Yucaipa Master Manager, Llc | Sole Member Of Yucaipa Alliance Management, Llc | Jan 2012 | A | 75% or more |
| Yucaipa American Funds, Llc | Sole Member Of Yucaipa American Alliance Fund Ii, Llc | Sep 2007 | A | 75% or more |
| Ryci Ii, Llc | Managing Member Of Yucaipa Corporate Initiatives Fund Ii, Llc | Aug 2007 | A | 75% or more |
| Johnson Capital Management | Member Of Yucaipa Corporate Initiatives Fund Ii, Llc | Aug 2007 | A | 50% – 75% |
| Johnson Capital Managment, Llc | Member Of California Management Associates Ii, Llc | Aug 2007 | A | 25% – 50% |
| Yucaipa American Management, Llc | Member Of Yucaipa American Funds, Llc | Dec 2005 | B | ≈ 56.25% – 100% via Yucaipa American Funds, Llc |
| Junebug Lifetime Trust | Member Of Johnson Capital Management Llc | Jul 2007 | B | 75% or more of Johnson Capital Management Llc (indirect) |
| Yucaipa American Affiliate, Llc | Member Of Yucaipa American Management, Llc | Aug 2004 | B | ≈ 28.13% – 75% via Yucaipa American Management, Llc |
| Yucaipa Corporate Affiliate Ii, Llc | Member Of Ryci Ii, Llc | Aug 2007 | B | ≈ 37.5% – 75% via Ryci Ii, Llc |
Estimated effective ownership (look-through of filed bands):
- Yucaipa American Management, Llc: 75% – 100% of Yucaipa American Funds, Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Yucaipa American Affiliate, Llc: 50% – 75% of Yucaipa American Management, Llc × 75% – 100% of Yucaipa American Funds, Llc × 75% – 100% direct ≈ 28.13% – 75% of the firm
- Yucaipa Corporate Affiliate Ii, Llc: 50% – 75% of Ryci Ii, Llc × 75% – 100% direct ≈ 37.5% – 75% 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 (8, $1.5B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Yucaipa American Alliance Fund Ii, Lp | Private Equity Fund | $745M | $10.0M | 15 |
| Yucaipa American Alliance (Parallel) Fund Ii, Lp | Private Equity Fund | $488M | $10.0M | 28 |
| Yucaipa American Alliance Iii, Lp | Private Equity Fund | $163M | $10.0M | 6 |
| Yucaipa American Alliance (Parallel) Iii, Lp | Private Equity Fund | $51.5M | $10.0M | 6 |
| Yucaipa Corporate Initiatives Fund I, Lp | Private Equity Fund | $13.8M | $10.0M | 5 |
| Yucaipa Corporate Initiatives Fund Ii, Lp | Private Equity Fund | $11.5M | $10.0M | 15 |
| Yucaipa Corporate Initiatives (Parallel) Fund Ii, Lp | Private Equity Fund | $3.1M | $10.0M | 12 |
| Yucaipa American Special Situation Fund I, Lp | Private Equity Fund | $3.0M | $10.0M | 2 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 3.09 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: YUCAIPA MASTER MANAGER, LLC ("YMM") IS ALLEGED TO HAVE NEGLIGENTLY FAILED TO DISCLOSE CERTAIN FINANCIAL CONFLICTS OF INTEREST AND TO HAVE MISALLOCATED CERTAIN FEES AND EXPENSES, ALL AS DISCUSSED IN FURTHER DETAIL IN IA RELEASE NO. 5074. Status: Final Sanction Detail: DISGORGEMENT OF $1,863,242 PLUS $71,070 IN PREJUDGMENT INTEREST, FOR A TOTAL OF $1,934,312, WHICH YMM PAID ON DECEMBER 27, 2018. CIVIL MONETARY PENALTY OF $1,000,000, WHICH YMM PAID ON DECEMBER 27, 2018. Summary: YMM SUBMITTED AN OFFER OF SETTLEMENT TO THE U.S. SECURITIES AND EXCHANGE COMMISSION (THE "SEC"), WHICH THE SEC ACCEPTED. IN CONNECTION THEREWITH, YMM CONSENTED TO THE ENTRY BY THE SEC OF AN ORDER INSTITUTING CEASE-AND-DESIST PROCEEDINGS, PURSUANT TO SECTION 203(K) OF THE INVESTMENT ADVISERS ACT OF 1940, MAKING FINDINGS, AND IMPOSING REMEDIAL SANCTIONS AND A CEASE-AND-DESIST ORDER (THE "ORDER") ON DECEMBER 13, 2018, WHICH WAS PUBLISHED AS IA RELEASE NO. 5074. THE ORDER FOUND YMM TO HAVE VIOLATED SECTIONS 206(2) AND 206(4) OF THE INVESTMENT ADVISERS ACT OF 1940 AND RULES 206-4(7) AND 206-4(8) THEREUNDER AND IMPOSED THE SANCTIONS DESCRIBED HEREIN.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
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) ↗