Greenhouse Funds Lllp
- Regulatory AUM
- $2.9B
- Discretionary
- $2.9B
- Clients
- 11
- Avg AUM / client
- $266M
- Accounts
- 12
- Employees
- 9
AUM over time
Annual snapshots from Form ADV filings · as of May 07, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 2 | $128M | 4.37% |
| Pooled investment vehicles (non-investment companies) | 9 | $2.6B | 88.8% |
| State or municipal government entities | Fewer than 5 clients | $200M | 6.84% |
Private funds (3)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $1.4B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Greenhouse Master Fund Lp master | Hedge Fund | Cayman Islands | $863M | 400 |
| Greenhouse Long Only Master Fund Lp master | Hedge Fund | Cayman Islands | $453M | 49 |
| Pm Manager Fund, Spc Segregated Portfolio 44 | Hedge Fund | Cayman Islands | $117M | 2 |
People (11)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Milano, Kirsten, Tara | Trustee | Mar 2011 (15y) | 10% – 25% | |
| Milano, Joseph, Michael | Director | Jun 2013 (13y) | ≈ 0% – 3.75% via Greenhouse Gp Llc | |
| Mitchell, Patrick, Joseph | Chief Financial Officer/Chief Compliance Officer | Jul 2013 (13y) | Less than 5% | |
| Maxwell, Terrance, Patrick | Director | Mar 2014 (12y) | Less than 5% | |
| Reese, Charles, Richard | Director | Mar 2014 (12y) | Less than 5% | |
| Morris, Charles, Alan | Chief Operating Officer | Jul 2014 (12y) | Less than 5% | |
| Barry, Scott, Charles | Limited Partner | Jan 2017 (10y) | 10% – 25% | |
| Landy, Benjamin, David | Limited Partner | Jan 2017 (10y) | 10% – 25% | |
| Prey, Duval, James | Limited Partner | Jan 2018 (9y) | Less than 5% | |
| Neis, John, Jameson | Director | Oct 2019 (7y) | Less than 5% | |
| Miller, Daniel, Patrick | Limited Partner | Jan 2021 (6y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| J M Milano Tr Joseph M Milano, Rev Trust Dtd 3/30/11 And K T Milano Tr Kirsten T Milano, Rev Trust Dtd 3/30/11 Ten Com | Limited Partner | Jun 2013 | A | 10% – 25% |
| Baird Financial Corporation | Limited Partner | Mar 2014 | A | 10% – 25% |
| Greenhouse Gp Llc | General Partner | Jun 2013 | A | Less than 5% |
| Baird Financial Group, Inc. | Shareholder | Dec 2020 | B | ≈ 7.5% – 25% via Baird Financial Corporation |
| J M Milano Tr Joseph M Milano, Rev Trust Dtd 3/30/11 And K T Milano Tr Kirsten T Milano, Rev Trust Dtd 3/30/11 Ten Com | Member | Nov 2016 | B | ≈ 0% – 2.5% via Greenhouse Gp Llc |
Undisclosed: 0% – 50% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Milano, Joseph, Michael: 50% – 75% of Greenhouse Gp Llc × 0% – 5% direct ≈ 0% – 3.75% of the firm
- Baird Financial Group, Inc.: 75% – 100% of Baird Financial Corporation × 10% – 25% direct ≈ 7.5% – 25% of the firm
- J M Milano Tr Joseph M Milano, Rev Trust Dtd 3/30/11 And K T Milano Tr Kirsten T Milano, Rev Trust Dtd 3/30/11 Ten Com: 25% – 50% of Greenhouse Gp Llc × 0% – 5% direct ≈ 0% – 2.5% 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 (3, $1.4B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Greenhouse Master Fund Lp | Hedge Fund | $863M | $1.0M | 400 |
| Greenhouse Long Only Master Fund Lp | Hedge Fund | $453M | $10.0M | 49 |
| Pm Manager Fund, Spc Segregated Portfolio 44 | Hedge Fund | $117M | $250K | 2 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/07/2026 | 2.15 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 $200M (7% of AUM) May 2026
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: May 07, 2026.
View current Form ADV (SEC/IAPD) ↗