Park Avenue Institutional Advisers Llc
- Regulatory AUM
- $82.0B
- Discretionary
- $82.0B
- Clients
- 24
- Avg AUM / client
- $3.4B
- Accounts
- 29
- Employees
- 72
AUM over time
Annual snapshots from Form ADV filings · as of Mar 27, 2026
Asset allocation (SMA assets by investment type)
as of Mar 27, 2026Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Investments (13F portfolio — 5 positions, $199,215,911)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Janus Detroit Street Trust Janus Henderson Aa A Clo Etf | ETF | $99,870,000 | 2,000,000 | 50.1% | 0.12% |
| 2 | Janus Henderson Asset Backed Securities Etf | ETF | $98,463,625 | 1,975,000 | 49.4% | 0.12% |
| 3 | Revolution Medicines Inc | Common Stock | $497,434 | 5,115 | 0.25% | 0.0% |
| 4 | Braze Inc | Common Stock | $209,893 | 8,890 | 0.11% | 0.0% |
| 5 | Service Titan Inc | Common Stock | $174,959 | 2,757 | 0.09% | 0.0% |
Top 25 of 5 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 24 | $4.6B | 5.66% |
| Insurance companies | Fewer than 5 clients | $77.2B | 94.1% |
| Other | Fewer than 5 clients | $208M | 0.25% |
People (6)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Bessel, Michael, Joseph | Chief Compliance Officer | Feb 2015 (12y) | Less than 5% | |
| Flannigan, John, Hunter | Llc Manager | May 2018 (8y) | Less than 5% | |
| Liolis, Nicholas, Nmn | Chief Investment Officer | Jan 2023 (4y) | Less than 5% | |
| Lowenbraun, Isaac, Hirsch | President And Senior Managing Director | Aug 2024 (2y) | Less than 5% | |
| Udicious, Debra, Anne | Llc Manager | Aug 2024 (2y) | Less than 5% | |
| Weiss, Larry, Mark | Head Of Asset Management Accounting & Mutual Fund Treasurer | Aug 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Guardian Investor Services Llc | Member | Feb 2015 | A | 75% or more |
| The Guardian Life Insurance Company Of America | Owner | Feb 2015 | B | ≈ 56.25% – 100% via Guardian Investor Services Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- The Guardian Life Insurance Company Of America: 75% – 100% of Guardian Investor Services Llc × 75% – 100% direct ≈ 56.25% – 100% 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.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/27/2026 | 1.15 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
Services
- • Portfolio management for investment companies
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- J.P. Morgan $64.2B (78% of AUM) Mar 2026
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 27, 2026.
View current Form ADV (SEC/IAPD) ↗