Baseline Partners Llc
- Regulatory AUM
- $75.3M
- Discretionary
- $75.2M
- Clients
- 3
- Avg AUM / client
- $25.1M
- Accounts
- 3
- Employees
- 4
AUM over time
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 1 | $100K | 0.13% |
| Pooled investment vehicles (non-investment companies) | 2 | $75.2M | 99.9% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Jan 2024 · $84.4M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Baseline Cre Income Fund, Llc | Real Estate Fund | Delaware | $72.1M | 376 |
| Baseline Credit Opportunity Fund Llc | Real Estate Fund | Delaware | $12.3M | 44 |
People (3)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Cardon, Patrick, Reneer | Member | Nov 2018 (8y) | ≈ 56.25% – 100% via Pc30, Llc | |
| Joshua David Davis | Member | Aug 2022 (4y) | Less than 5% | |
| Burris, Debbie, Louise | Chief Compliance Officer | Nov 2023 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Pc30, Llc | Member | Nov 2018 | A | 75% or more |
| Una Speranza Llc | Member | Aug 2022 | A | 10% – 25% |
Undisclosed: 0% – 15% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Cardon, Patrick, Reneer: 75% – 100% of Pc30, 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 (2, $84.4M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Baseline Cre Income Fund, Llc | Real Estate Fund | $72.1M | $100K | 376 |
| Baseline Credit Opportunity Fund Llc | Real Estate Fund | $12.3M | $100K | 44 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 1.69 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: NEGLIGENT MISREPRESENTATION, BREACH OF FIDUCIARY DUTY, COMMON LAW FRAUD, VIOLATION OF ILLINOIS UNIFORM DECEPTIVE TRADE PRACTICES ACT, VIOLATION OF SECTION 20(A) OF THE EXCHANGE ACT, VIOLATION OF ILLINOIS SECURITIES LAW. Status: Pending Summary: THE PLAINTIFF WAS AN INVESTOR IN WINDOW ROCK RESIDENTIAL RECOVERY FUND, LP, MANAGED BY AN AFFILIATE OF THE ADVISORY AFFILIATE, AND ALLEGES THE DEFENDANTS, WHICH INCLUDE THE ADVISORY AFFILIATE, INDUCED ITS INVESTMENT IN THE FUND BY MAKING FALSE REPRESENTATIONS. PLAINTIFF ALSO ALLEGES THAT DEFENDANTS BREACHED FIDUCIARY DUTIES OWED TO INVESTORS AND MISSTATED THE FUND'S FINANCIAL CONDITION AND THE PERFORMANCE OF THE INVESTMENT ASSETS. WINDOW ROCK RESIDENTIAL RECOVERY FUND LP HAS BEEN LIQUIDATED AND TERMINATED. THE FUND PERFORMED BELOW EXPECTATIONS AND RESULTED IN A PARTIAL LOSS TO INVESTORS. DEFENDANTS DENY PLAINTIFF'S ALLEGATIONS OF IMPROPRIETY. DEFENDANTS NOTE THAT THIS LAWSUIT APPEARS TO BE RETALIATORY; IN A SEPARATE LAWSUIT THAT PRECEDES THIS LAWSUIT, AFFILIATES OF THE PLAINTIFFS AND DEFENDANTS APPEAR IN OPPOSITE ROLES (SEE MARICOPA COUNTY SUPERIOR COURT CV2014-009811).
Allegations: MISREPRESENTATIONS, CONCEALMENT AND MISMANAGEMENT. Status: Pending Summary: THE PLAINTIFF WAS AN INVESTOR IN WINDOW ROCK RESIDENTIAL RECOVERY FUND, LP, MANAGED BY AN AFFILIATE OF THE ADVISORY AFFILIATE, AND ALLEGES THE DEFENDANTS, WHICH INCLUDE THE ADVISORY AFFILIATE, INDUCED ITS INVESTMENT IN THE FUND BY MAKING FALSE REPRESENTATIONS. PLAINTIFF ALSO ALLEGES THAT DEFENDANTS BREACHED FIDUCIARY DUTIES OWED TO INVESTORS AND MISTATED THE FUND'S FINANCIAL CONDITION AND THE PERFORMANCE OF THE INVESTMENT ASSETS. WINDOW ROCK RESIDENTIAL RECOVERY FUND LP HAS BEEN LIQUIDATED AND TERMINATED. THE FUND PERFORMED BELOW EXPECTATIONS AND RESULTED IN A PARTIAL LOSS TO INVESTORS. DEFENDANTS DENY PLAINTIFF'S ALLEGATIONS OF IMPROPRIETY. DEFENDANTS NOTE THAT THIS LAWSUIT APPEARS TO BE RETALIATORY; IN A SEPARATE LAWSUIT THAT PRECEDES THIS LAWSUIT, AFFILIATES OF THE PLAINTIFFS AND DEFENDANTS APPEAR IN OPPOSITE ROLES (SEE MARICOPY COUNTY SUPERIOR COURT CV2014-009811).
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for investment companies
- • 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 31, 2026.
View current Form ADV (SEC/IAPD) ↗