Grain Management, Llc
- Regulatory AUM
- $8.1B
- Discretionary
- $8.1B
- Clients
- 25
- Avg AUM / client
- $323M
- Accounts
- 25
- Employees
- 77
AUM over time
Annual snapshots from Form ADV filings · as of Mar 27, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 25 | $8.1B | 100.0% |
Private funds (26)
View all →Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $9.5B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Grain Communications Opportunity Fund Ii, L.P. | Private Equity Fund | Delaware | $1.8B | 67 |
| Grain Communications Opportinuty Fund Iii Master, L.P. master | Private Equity Fund | Delaware | $1.7B | 4 |
| Grain Communications Opportunity Fund Iii, L.P. feeder | Private Equity Fund | Delaware | $1.0B | 72 |
| Grain Communications Opportunity Fund Iv A, L.P. | Private Equity Fund | Delaware | $766M | 30 |
| Grain Spectrum Holdings Iv Master, L.P. master | Other Private Fund | Delaware | $672M | 3 |
| Grain Spectrum Holdings Iv, L.P. feeder | Other Private Fund | Delaware | $492M | 16 |
| Gcof Ii Co Invest (Sc), L.P. | Private Equity Fund | Delaware | $446M | 2 |
| Grain Communications Opportunity Fund Iii (De Parallel), L.P. feeder | Private Equity Fund | Delaware | $355M | 2 |
| Grain Communications Opportunity Fund Iv C, L.P. | Private Equity Fund | Delaware | $346M | 26 |
| Gsc I, L.P. | Private Equity Fund | Delaware | $301M | 2 |
| Grain Communications Opportunity Fund Iii (Parallel), L.P. feeder | Private Equity Fund | Cayman Islands | $293M | 35 |
| Gcof Iii Condor Master Aiv C, L.P. master | Private Equity Fund | Delaware | $172M | 3 |
| Gcof Iii Condor Master Aiv B, L.P. master | Private Equity Fund | Delaware | $165M | 2 |
| Gcof Iii Condor Aiv B, L.P. feeder | Private Equity Fund | Delaware | $165M | 40 |
| Grain Spectrum Holdings Iv (Cayman), L.P. feeder | Other Private Fund | Delaware | $163M | 6 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Building Service 32 Bj Pension Fund Board Of Trustees Of The Building Service 32 Bj Pension Fund | 2024 | |
| Ibt Consolidated Pension Plan Bd Of Trustees Of Ibt Consolidated Pension Fund | Seattle, WA | 2024 |
| Aarp Employees' Pension Plan Aarp | Washington, DC | 2024 |
People (3)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Grain, David, Jonathan | Chief Executive Officer | Jan 2006 (21y) | ≈ 56.25% – 100% via Grain Capital, Llc | |
| Delittle, Lettice, Emily | Chief Compliance Officer | Dec 2018 (8y) | Less than 5% | |
| Gray, Erika, Lynn | Chief Financial Officer | Feb 2024 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Grain Capital, Llc | Owner | Mar 2010 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Grain, David, Jonathan: 75% – 100% of Grain Capital, 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.
Private funds (26, $9.5B gross assets)
Top 25 of 26 funds by gross assets · all funds
From Form ADV Section 7.B private fund reporting.
Retirement plans served (3)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Building Service 32 Bj Pension Fund | Board Of Trustees Of The Building Service 32 Bj Pension Fund | 53,782 | $4.6B | 07/01/2024 |
| Ibt Consolidated Pension Plan | Bd Of Trustees Of Ibt Consolidated Pension Fund | 3,457 | $180M | 01/01/2024 |
| Aarp Employees' Pension Plan | Aarp | 2,180 | $1.6B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/27/2026 | 6.51 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
- • Other services
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 27, 2026.
View current Form ADV (SEC/IAPD) ↗