Waterton Investment Adviser, L.L.C.
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 285602
· SEC file 801-109009
· Chicago, IL
· www.facebook.com
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ADV data as of Jun 03, 2026
- Regulatory AUM
- $4.3B
- Discretionary
- $4.3B
- Clients
- 17
- Avg AUM / client
- $255M
- Accounts
- 17
- Employees
- 226
AUM over time
$100M
$4.7B
Dec 2016
Jun 2026
Annual snapshots from Form ADV filings · as of Jun 03, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 17 | $4.3B | 100.0% |
Private funds (12)
Reported in Form ADV Section 7.B.(1), filing of Apr 2024 · $4.7B combined gross assets
People (9)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Vilim, Peter, Michael | Vice Chairman | Jun 1995 (31y) | Less than 5% | |
| Hurd, Richard, Hanford | Managing Partner, Investment Management | Aug 2013 (13y) | Less than 5% | |
| Schwartz, David, Reuben | Chief Executive Officer And Chairman | Aug 2013 (13y) | Less than 5% | |
| Lukowski, Phil, Joseph | Managing Partner, Portfolio Management | Dec 2017 (9y) | Less than 5% | |
| Marszewski, Tara | Managing Partner And Chief Financial Officer | Sep 2019 (7y) | Less than 5% | |
| Joseph, Todd, Andrew | Chief Compliance Officer | Dec 2019 (7y) | Less than 5% | |
| Brock, Stephanie, Foster | Managing Partner, Property Management | Nov 2021 (5y) | Less than 5% | |
| Wells, Michelle, Christine | Managing Partner, Investor Relations | Apr 2022 (4y) | Less than 5% | |
| Harris, Erick, Steven | General Counsel | Mar 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Waterton Residential L.L.C. | Member | May 2022 | A | 75% or more |
| Waterton Enterprises, L.L.C. | Member | May 2022 | B | ≈ 31.64% – 100% via Waterton Associates Holdings, L.L.C. |
| Sc Intermediate, L.L.C. | Member | Nov 2016 | B | ≈ 23.73% – 100% via Waterton Enterprises, L.L.C. |
| Schwartz Consolidated, L.L.C. | Member | Jun 2009 | B | ≈ 17.8% – 100% via Sc Intermediate, L.L.C. |
| Waterton Associates Holdings, L.L.C. | Member | May 2022 | B | ≈ 42.19% – 100% via Waterton Associates L.L.C. |
| Waterton Associates L.L.C. | Member | May 2022 | B | ≈ 56.25% – 100% via Waterton Residential L.L.C. |
| Jamie Diamond Schwartz Family Gift Trust | Member | Jun 2011 | B | ≈ 4.45% – 50% via Schwartz Consolidated, L.L.C. |
| David Schwartz Family Gift Trust | Member | Jun 2011 | B | ≈ 4.45% – 50% via Schwartz Consolidated, L.L.C. |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Waterton Enterprises, L.L.C.: 75% – 100% of Waterton Associates Holdings, L.L.C. × 75% – 100% of Waterton Associates L.L.C. × 75% – 100% of Waterton Residential L.L.C. × 75% – 100% direct ≈ 31.64% – 100% of the firm
- Sc Intermediate, L.L.C.: 75% – 100% of Waterton Enterprises, L.L.C. × 75% – 100% of Waterton Associates Holdings, L.L.C. × 75% – 100% of Waterton Associates L.L.C. × 75% – 100% of Waterton Residential L.L.C. × 75% – 100% direct ≈ 23.73% – 100% of the firm
- Schwartz Consolidated, L.L.C.: 75% – 100% of Sc Intermediate, L.L.C. × 75% – 100% of Waterton Enterprises, L.L.C. × 75% – 100% of Waterton Associates Holdings, L.L.C. × 75% – 100% of Waterton Associates L.L.C. × 75% – 100% of Waterton Residential L.L.C. × 75% – 100% direct ≈ 17.8% – 100% of the firm
- Waterton Associates Holdings, L.L.C.: 75% – 100% of Waterton Associates L.L.C. × 75% – 100% of Waterton Residential L.L.C. × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Waterton Associates L.L.C.: 75% – 100% of Waterton Residential L.L.C. × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Jamie Diamond Schwartz Family Gift Trust: 25% – 50% of Schwartz Consolidated, L.L.C. × 75% – 100% of Sc Intermediate, L.L.C. × 75% – 100% of Waterton Enterprises, L.L.C. × 75% – 100% of Waterton Associates Holdings, L.L.C. × 75% – 100% of Waterton Associates L.L.C. × 75% – 100% of Waterton Residential L.L.C. × 75% – 100% direct ≈ 4.45% – 50% of the firm
- David Schwartz Family Gift Trust: 25% – 50% of Schwartz Consolidated, L.L.C. × 75% – 100% of Sc Intermediate, L.L.C. × 75% – 100% of Waterton Enterprises, L.L.C. × 75% – 100% of Waterton Associates Holdings, L.L.C. × 75% – 100% of Waterton Associates L.L.C. × 75% – 100% of Waterton Residential L.L.C. × 75% – 100% direct ≈ 4.45% – 50% 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, $4.7B gross assets)
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/03/2026 | 3.93 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
- • Fixed fees
- • Performance-based fees
- • Other fees
- • PERCENT OF CAPITAL, PROPERTY MGT, ACQUISITION, CONSTRUCTION
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: Jun 03, 2026.
View current Form ADV (SEC/IAPD) ↗