Sterling Investment Management, Llc
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 174707
· SEC file 801-80903
· West Palm Beach, FL
· www.linkedin.com
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ADV data as of Mar 25, 2026
- Regulatory AUM
- $2.4B
- Discretionary
- $2.4B
- Clients
- 13
- Avg AUM / client
- $186M
- Accounts
- 13
- Employees
- 52
AUM over time
$490M
$2.4B
Jan 20, 2015
Mar 25, 2026
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 25, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 13 | $2.4B | 100.0% |
Private funds (12)
Reported in Form ADV Section 7.B.(1), filing of Jun 2024 · $2.0B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Sterling Value Add Partners Iii, L.P. | Real Estate Fund | Delaware | $458M | 31 |
| Sterling Consumer Logistics Properties I, L.P. | Real Estate Fund | Delaware | $281M | 18 |
| Sterling Value Add Partners Ii, L.P. | Real Estate Fund | Delaware | $280M | 18 |
| Sterling United Properties Ii, Lp | Real Estate Fund | Delaware | $275M | 13 |
| Sterling United Properties I, Lp | Real Estate Fund | Delaware | $196M | 12 |
| Sterling Value Add Partners Iv, L.P. | Real Estate Fund | Delaware | $138M | 5 |
| Sterling Value Add Partners (Nr) Iii, L.P. | Real Estate Fund | Delaware | $102M | 6 |
| Sterling Value Add Partners (Nr) Iv, L.P. | Real Estate Fund | Delaware | $91.7M | 2 |
| Sterling Value Add Partners, L.P. | Real Estate Fund | Delaware | $78.4M | 17 |
| Sterling Golf Mill Co Invest, Lp | Real Estate Fund | Delaware | $24.8M | 2 |
| Sterling Value Add Partners (Nr) Ii, L.P. | Real Estate Fund | Delaware | $18.9M | 10 |
| Sterling Value Add Partners (Nr), L.P. | Real Estate Fund | Delaware | $9.4M | 22 |
People (8)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Kosoy, Andrea, Beth | Trustee | Jul 2008 (18y) | 25% – 50% | |
| Kosoy, Brian, Daniel | Trustee | Jul 2008 (18y) | Less than 5% | |
| Munder, Adam, Lee | Trustee | Jan 2014 (13y) | Less than 5% | |
| Munder, Elisabeth, Lupica | Trustee | Jun 2020 (6y) | GP / trustee / elected manager of Adam L. Munder Revocable Trust Dated June 4, 2020 (indirect) | |
| Dykstra, Jerry, Joe | President Logistics | Feb 2021 (6y) | Less than 5% | |
| Dake, Robert, Dale | Chief Operating Officer; Member | Jul 2021 (5y) | Less than 5% | |
| Fried, Jordan, Michael | Principal, Investments; Member | Jan 2022 (5y) | 5% – 10% | |
| Defazio, Daniel, Richard | Chief Compliance Officer And Chief Accounting Officer | Feb 2022 (5y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Silverado Trail Sim, Llc | Member | Mar 2012 | A | 10% – 25% |
| Andrea B. Kosoy Irrevocable Trust Dated November 21, 2012 | Member | Apr 2014 | A | 10% – 25% |
| 2021 Brian D. Kosoy Investment Trust Dated October 4, 2021 | Member | Oct 2021 | A | 10% – 25% |
| Munder Family Investment, Llc | Member | Aug 2021 | A | 10% – 25% |
| Silverado Trail, Lllp | Sole Member | Mar 2012 | B | ≈ 7.5% – 25% via Silverado Trail Sim, Llc |
| Andrea B. Kosoy Revocable Trust | Limited Partner | Jul 2008 | B | ≈ 5.63% – 25% via Silverado Trail, Lllp |
| Adam L. Munder Revocable Trust Dated June 4, 2020 | Manager & Sole Member | Jun 2020 | B | ≈ 7.5% – 25% via Munder Family Investment, Llc |
| Brian D. Kosoy Revocable Trust | General Partner | Jul 2008 | B | GP / trustee / elected manager of Silverado Trail, Lllp (indirect) |
Undisclosed: 0% – 30% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Silverado Trail, Lllp: 75% – 100% of Silverado Trail Sim, Llc × 10% – 25% direct ≈ 7.5% – 25% of the firm
- Andrea B. Kosoy Revocable Trust: 75% – 100% of Silverado Trail, Lllp × 75% – 100% of Silverado Trail Sim, Llc × 10% – 25% direct ≈ 5.63% – 25% of the firm
- Adam L. Munder Revocable Trust Dated June 4, 2020: 75% – 100% of Munder Family Investment, Llc × 10% – 25% direct ≈ 7.5% – 25% 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 (12, $2.0B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Sterling Value Add Partners Iii, L.P. | Real Estate Fund | $458M | $3.0M | 31 |
| Sterling Consumer Logistics Properties I, L.P. | Real Estate Fund | $281M | $5.0M | 18 |
| Sterling Value Add Partners Ii, L.P. | Real Estate Fund | $280M | $5.0M | 18 |
| Sterling United Properties Ii, Lp | Real Estate Fund | $275M | $5.0M | 13 |
| Sterling United Properties I, Lp | Real Estate Fund | $196M | $5.0M | 12 |
| Sterling Value Add Partners Iv, L.P. | Real Estate Fund | $138M | $5.0M | 5 |
| Sterling Value Add Partners (Nr) Iii, L.P. | Real Estate Fund | $102M | $3.0M | 6 |
| Sterling Value Add Partners (Nr) Iv, L.P. | Real Estate Fund | $91.7M | $5.0M | 2 |
| Sterling Value Add Partners, L.P. | Real Estate Fund | $78.4M | $2.0M | 17 |
| Sterling Golf Mill Co Invest, Lp | Real Estate Fund | $24.8M | $4.0M | 2 |
| Sterling Value Add Partners (Nr) Ii, L.P. | Real Estate Fund | $18.9M | $5.0M | 10 |
| Sterling Value Add Partners (Nr), L.P. | Real Estate Fund | $9.4M | $2.0M | 22 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/25/2026 | 3.76 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
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 25, 2026.
View current Form ADV (SEC/IAPD) ↗