Primary Wave Ip Investment Management Llc
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 288266
· SEC file 801-111060
· New York, NY
· WWW.INSTAGRAM.COM
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ADV data as of May 06, 2026
- Regulatory AUM
- $6.1B
- Discretionary
- $6.1B
- Clients
- 11
- Avg AUM / client
- $558M
- Accounts
- 11
- Employees
- 38
AUM over time
$133M
$6.1B
Jul 2017
May 2026
Annual snapshots from Form ADV filings · as of May 06, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 11 | $6.1B | 100.0% |
Private funds (6)
Reported in Form ADV Section 7.B.(1), filing of May 2024 · $3.4B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Primary Wave Music Ip Holdings, Lp | Private Equity Fund | Delaware | $1.1B | 4 |
| Primary Wave Music Ip Fund 3, Lp master | Private Equity Fund | Delaware | $924M | 96 |
| Primary Wave Music Ip Fund 2, Lp | Private Equity Fund | Delaware | $756M | 42 |
| Primary Wave Music Ip Fund 1 Lp | Private Equity Fund | Delaware | $533M | 24 |
| Primary Wave Music Ip Fund 4, Lp | Private Equity Fund | Delaware | $133M | 3 |
| Primary Wave Music Prince Coinvest, Lp | Private Equity Fund | Delaware | $17.0M | 15 |
People (2)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Mestel, Lawrence, Scott | Chief Executive Officer | Apr 2013 (13y) | ≈ 3.52% – 25% via Primary Wave Entertainment Holdings Llc | |
| Cisneros, William, Genaro | President, Chief Compliance Officer | Jun 2016 (10y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Primary Wave Music Publishing Llc | Owner | Jun 2016 | A | 75% or more |
| Pwmp Ventures Llc | Owner | Jun 2016 | B | ≈ 56.25% – 100% via Primary Wave Music Publishing Llc |
| Brookfield Corporation | Owner | Dec 2022 | B | ≈ 1.98% – 28.13% via Brookfield Asset Management Ulc |
| Brookfield Asset Management Ulc | Owner | Dec 2022 | B | ≈ 2.64% – 28.13% via Brookfield Us Holdings Inc. |
| Brookfield Us Inc. | Member | Aug 2022 | B | ≈ 7.03% – 37.5% via Brookfield Alto Holdings Llc |
| Brookfield Us Holdings Inc. | Shareholder | Jan 2003 | B | ≈ 3.52% – 28.13% via Brookfield Us Inc. |
| Primary Wave Entertainment Holdings Llc | Owner | Jun 2016 | B | ≈ 14.06% – 50% via Pwmp Ventures Llc |
| Brookfield Alto Holdings Llc | Member | Oct 2022 | B | ≈ 14.06% – 50% via Pwmp Ventures Llc |
| Brookfield Asset Management Ltd | Owner | Dec 2022 | B | ≈ 0.66% – 14.06% via Brookfield Asset Management Ulc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Mestel, Lawrence, Scott: 25% – 50% of Primary Wave Entertainment Holdings Llc × 25% – 50% of Pwmp Ventures Llc × 75% – 100% of Primary Wave Music Publishing Llc × 75% – 100% direct ≈ 3.52% – 25% of the firm
- Pwmp Ventures Llc: 75% – 100% of Primary Wave Music Publishing Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Brookfield Corporation: 75% – 100% of Brookfield Asset Management Ulc × 75% – 100% of Brookfield Us Holdings Inc. × 50% – 75% of Brookfield Us Inc. × 50% – 75% of Brookfield Alto Holdings Llc × 25% – 50% of Pwmp Ventures Llc × 75% – 100% of Primary Wave Music Publishing Llc × 75% – 100% direct ≈ 1.98% – 28.13% of the firm
- Brookfield Asset Management Ulc: 75% – 100% of Brookfield Us Holdings Inc. × 50% – 75% of Brookfield Us Inc. × 50% – 75% of Brookfield Alto Holdings Llc × 25% – 50% of Pwmp Ventures Llc × 75% – 100% of Primary Wave Music Publishing Llc × 75% – 100% direct ≈ 2.64% – 28.13% of the firm
- Brookfield Us Inc.: 50% – 75% of Brookfield Alto Holdings Llc × 25% – 50% of Pwmp Ventures Llc × 75% – 100% of Primary Wave Music Publishing Llc × 75% – 100% direct ≈ 7.03% – 37.5% of the firm
- Brookfield Us Holdings Inc.: 50% – 75% of Brookfield Us Inc. × 50% – 75% of Brookfield Alto Holdings Llc × 25% – 50% of Pwmp Ventures Llc × 75% – 100% of Primary Wave Music Publishing Llc × 75% – 100% direct ≈ 3.52% – 28.13% of the firm
- Primary Wave Entertainment Holdings Llc: 25% – 50% of Pwmp Ventures Llc × 75% – 100% of Primary Wave Music Publishing Llc × 75% – 100% direct ≈ 14.06% – 50% of the firm
- Brookfield Alto Holdings Llc: 25% – 50% of Pwmp Ventures Llc × 75% – 100% of Primary Wave Music Publishing Llc × 75% – 100% direct ≈ 14.06% – 50% of the firm
- Brookfield Asset Management Ltd: 25% – 50% of Brookfield Asset Management Ulc × 75% – 100% of Brookfield Us Holdings Inc. × 50% – 75% of Brookfield Us Inc. × 50% – 75% of Brookfield Alto Holdings Llc × 25% – 50% of Pwmp Ventures Llc × 75% – 100% of Primary Wave Music Publishing Llc × 75% – 100% direct ≈ 0.66% – 14.06% 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 (6, $3.4B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Primary Wave Music Ip Holdings, Lp | Private Equity Fund | $1.1B | $0 | 4 |
| Primary Wave Music Ip Fund 3, Lp | Private Equity Fund | $924M | $5.0M | 96 |
| Primary Wave Music Ip Fund 2, Lp | Private Equity Fund | $756M | $5.0M | 42 |
| Primary Wave Music Ip Fund 1 Lp | Private Equity Fund | $533M | $5.0M | 24 |
| Primary Wave Music Ip Fund 4, Lp | Private Equity Fund | $133M | $5.0M | 3 |
| Primary Wave Music Prince Coinvest, Lp | Private Equity Fund | $17.0M | $0 | 15 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/06/2026 | 2.67 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
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: May 06, 2026.
View current Form ADV (SEC/IAPD) ↗