Terracap Management Llc
- Regulatory AUM
- $1.4B
- Discretionary
- $1.4B
- Clients
- 11
- Avg AUM / client
- $131M
- Accounts
- 11
- Employees
- 21
AUM over time
Annual snapshots from Form ADV filings · as of May 01, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 11 | $1.4B | 100.0% |
Private funds (14)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $2.2B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Terracap Partners V (Institutional) Lp master | Real Estate Fund | Delaware | $1.4B | 78 |
| Terracap Partners Iv (Institutional) Lp master | Real Estate Fund | Delaware | $441M | 45 |
| Terracap Partners V (Erisa) Lp feeder | Other Private Fund | Delaware | $116M | 2 |
| Terracap Partners Iii (Institutional) Lp | Real Estate Fund | Delaware | $113M | 29 |
| Terracap Partners V (Hnw) Lp | Real Estate Fund | Delaware | $50.9M | 48 |
| Terracap Partners Iv (Erisa) Lp feeder | Other Private Fund | Delaware | $50.1M | 2 |
| Terracap Partners Iv (Hnw) Lp | Real Estate Fund | Delaware | $28.0M | 50 |
| Terracap Partners Iii (Hnw) Lp | Real Estate Fund | Delaware | $10.5M | 52 |
| Terracap Partners Ii (Institutional) Lp | Real Estate Fund | Delaware | $6.5M | 21 |
| Terracap Partners, Lp | Real Estate Fund | Delaware | $3.4M | 92 |
| Terracap Partners Ii (Hnw) Lp | Real Estate Fund | Delaware | $3.2M | 80 |
| Terracap Partners Vi (Institutional) Lp master | Real Estate Fund | Delaware | $0 | 24 |
| Terracap Partners Vi (Hnw) Lp | Real Estate Fund | Delaware | $0 | 13 |
| Terracap Partners Vi (Erisa) Lp feeder | Other Private Fund | Delaware | $0 | 2 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Operating Engineers' Local 324 Pension Fund Joint Board Of Trustees Operating Engineers Local 324 | 2024 |
People (3)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Gray, Robert, Morrow | Managing Principal | Jan 2001 (26y) | 25% – 50% | |
| Hagenbuckle, Walter, Stephen | Managing Principal | Jun 2008 (18y) | 25% – 50% | |
| Chagas De Oliveira, Joao Mauricio | Chief Compliance Officer | Mar 2024 (2y) | 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 (14, $2.2B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Terracap Partners V (Institutional) Lp | Real Estate Fund | $1.4B | $1.0M | 78 |
| Terracap Partners Iv (Institutional) Lp | Real Estate Fund | $441M | $1.0M | 45 |
| Terracap Partners V (Erisa) Lp | Other Private Fund | $116M | $1.0M | 2 |
| Terracap Partners Iii (Institutional) Lp | Real Estate Fund | $113M | $1.0M | 29 |
| Terracap Partners V (Hnw) Lp | Real Estate Fund | $50.9M | $250K | 48 |
| Terracap Partners Iv (Erisa) Lp | Other Private Fund | $50.1M | $1.0M | 2 |
| Terracap Partners Iv (Hnw) Lp | Real Estate Fund | $28.0M | $250K | 50 |
| Terracap Partners Iii (Hnw) Lp | Real Estate Fund | $10.5M | $250K | 52 |
| Terracap Partners Ii (Institutional) Lp | Real Estate Fund | $6.5M | $1.0M | 21 |
| Terracap Partners, Lp | Real Estate Fund | $3.4M | $50.0K | 92 |
| Terracap Partners Ii (Hnw) Lp | Real Estate Fund | $3.2M | $250K | 80 |
| Terracap Partners Vi (Institutional) Lp | Real Estate Fund | $0 | $1.0M | 24 |
| Terracap Partners Vi (Hnw) Lp | Real Estate Fund | $0 | $250K | 13 |
| Terracap Partners Vi (Erisa) Lp | Other Private Fund | $0 | $1.0M | 2 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Operating Engineers' Local 324 Pension Fund | Joint Board Of Trustees Operating Engineers Local 324 | 8,819 | $1.9B | 05/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/01/2026 | 3.52 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 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: May 01, 2026.
View current Form ADV (SEC/IAPD) ↗