Banner Ridge Partners, Lp
SEC-registered
Private Fund Manager · Large ($10B–$100B)
CRD 304928
· SEC file 801-117167
· New York, NY
· www.bannerridge.com
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ADV data as of Jul 13, 2026
- Regulatory AUM
- $15.3B
- Discretionary
- $15.3B
- Clients
- 35
- Avg AUM / client
- $438M
- Accounts
- 34
- Employees
- 27
AUM over time
$302M
$15.3B
Nov 2019
Jul 2026
Annual snapshots from Form ADV filings · as of Jul 13, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 1 | — | — |
| Pooled investment vehicles (non-investment companies) | 34 | $15.3B | 100.0% |
| State or municipal government entities | Fewer than 5 clients | $0 | — |
Private funds (11)
Reported in Form ADV Section 7.B.(1), filing of Jul 2024 · $7.3B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Banner Ridge Secondary Master Fund V, Lp master | Private Equity Fund | Delaware | $2.3B | 431 |
| Banner Ridge Secondary Master Fund Iv, Lp master | Private Equity Fund | Delaware | $1.8B | 214 |
| Banner Ridge Secondary Master Fund Iii, Lp master | Private Equity Fund | Delaware | $1.0B | 120 |
| Banner Ridge Dsco Fund Ii, Lp master | Private Equity Fund | Delaware | $894M | 73 |
| Banner Ridge Dsco Fund I, Lp master | Private Equity Fund | Delaware | $563M | 39 |
| Banner Ridge Secondary Fund V Co, Lp | Private Equity Fund | Delaware | $204M | 11 |
| Banner Ridge Secondary Fund Iv Co, Lp | Private Equity Fund | Delaware | $151M | 15 |
| Diversified Value Preferred Ii, Lp | Private Equity Fund | Delaware | $145M | 3 |
| Banner Ridge Secondary Fund Iii Co, Lp | Private Equity Fund | Delaware | $132M | 13 |
| Banner Ridge Small Buyouts I, Lp master | Private Equity Fund | Delaware | $60.8M | 11 |
| Diversified Value Preferred, Lp | Private Equity Fund | Delaware | $2.6M | 2 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| International Union Of Painters And Allied Trades District Council No. 21 Annuity Fund International Union Of Painters & Allied Trades Dc No. 21 Annuity Fund | 2024 | |
| H.F.I.A.W. Local No. 32 Pension Trust Fund Board Of Trustees H.F.I.A.W. Local No.32 Pension Trust Fund | 2024 | |
| Motion Picture And Television Fund Retirement Income Plan Motion Picture And Television Fund | 2024 | |
| Teamsters Pension Trust Fund Of Philadelphia & Vic Board Of Trustees Of Teamsters Pension Trust Fund Of Philadelphia & Vi | Pennsauken, NJ | 2024 |
People (3)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Cusano, Anthony, Michael | Managing Member | Jun 2019 (7y) | ≈ 0% – 5% via Banner Ridge Llc | |
| Driessen, Christopher, J | Partner | Jun 2019 (7y) | ≈ 37.5% – 75% via Banner Ridge Enterprise Holdco, Lp | |
| Halper, Scott, Mimeles | Chief Compliance Officer, Partner | Nov 2019 (7y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Banner Ridge Enterprise Holdco, Lp | Limited Partner | Feb 2024 | A | 75% or more |
| Banner Ridge Llc | General Partner Of Banner Ridge Partners Lp | Jun 2019 | A | Less than 5% |
| Banner Ridge Holdco Gp, Llc | General Partner | Feb 2024 | B | GP / trustee / elected manager of Banner Ridge Enterprise Holdco, Lp (indirect) |
| Banner Ridge Llc | General Partner | Feb 2024 | B | GP / trustee / elected manager of Banner Ridge Holdco Gp, Llc (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Cusano, Anthony, Michael: 75% – 100% of Banner Ridge Llc × 0% – 5% direct ≈ 0% – 5% of the firm
- Driessen, Christopher, J: 50% – 75% of Banner Ridge Enterprise Holdco, Lp × 75% – 100% direct ≈ 37.5% – 75% 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 (11, $7.3B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Banner Ridge Secondary Master Fund V, Lp | Private Equity Fund | $2.3B | $5.0M | 431 |
| Banner Ridge Secondary Master Fund Iv, Lp | Private Equity Fund | $1.8B | $5.0M | 214 |
| Banner Ridge Secondary Master Fund Iii, Lp | Private Equity Fund | $1.0B | $5.0M | 120 |
| Banner Ridge Dsco Fund Ii, Lp | Private Equity Fund | $894M | $5.0M | 73 |
| Banner Ridge Dsco Fund I, Lp | Private Equity Fund | $563M | $5.0M | 39 |
| Banner Ridge Secondary Fund V Co, Lp | Private Equity Fund | $204M | $5.0M | 11 |
| Banner Ridge Secondary Fund Iv Co, Lp | Private Equity Fund | $151M | $5.0M | 15 |
| Diversified Value Preferred Ii, Lp | Private Equity Fund | $145M | $5.0M | 3 |
| Banner Ridge Secondary Fund Iii Co, Lp | Private Equity Fund | $132M | $5.0M | 13 |
| Banner Ridge Small Buyouts I, Lp | Private Equity Fund | $60.8M | $5.0M | 11 |
| Diversified Value Preferred, Lp | Private Equity Fund | $2.6M | $5.0M | 2 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (4)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| International Union Of Painters And Allied Trades District Council No. 21 Annuity Fund | International Union Of Painters & Allied Trades Dc No. 21 Annuity Fund | 5,163 | $220M | 07/01/2024 |
| H.F.I.A.W. Local No. 32 Pension Trust Fund | Board Of Trustees H.F.I.A.W. Local No.32 Pension Trust Fund | 202 | $90.3M | 01/01/2024 |
| Motion Picture And Television Fund Retirement Income Plan | Motion Picture And Television Fund | 148 | $47.7M | 01/01/2024 |
| Teamsters Pension Trust Fund Of Philadelphia & Vic | Board Of Trustees Of Teamsters Pension Trust Fund Of Philadelphia & Vi | 7,961 | $2.7B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 07/13/2026 | 4.59 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
- • Other fees
- • CONSULTING FEES
Services
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Pension consulting 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: Jul 13, 2026.
View current Form ADV (SEC/IAPD) ↗