325 Capital Llc
- Regulatory AUM
- $338M
- Discretionary
- $338M
- Clients
- 3
- Avg AUM / client
- $113M
- Accounts
- 7
- Employees
- 7
AUM over time
Annual snapshots from Form ADV filings · as of Mar 23, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 3 | $65.8M | 19.5% |
| Charitable organizations | Fewer than 5 clients | $272M | 80.5% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $36.5M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| 325 Capital Master Fund Lp master | Hedge Fund | Cayman Islands | $36.5M | 17 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Employees' Retirement Plan Of Duke University Duke University | 2024 |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Braner, Michael | Managing Partner, Chief Compliance Officer | Nov 2018 (8y) | 25% – 50% | |
| Friedberg, Daniel | Managing Partner | Nov 2018 (8y) | 25% – 50% | |
| Shrivastava, Anil | Managing Partner | Nov 2018 (8y) | 25% – 50% | |
| Laufer, Laura, Hines | Partner | Apr 2019 (7y) | Less than 5% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
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 (1, $36.5M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| 325 Capital Master Fund Lp | Hedge Fund | $36.5M | $5.0M | 17 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Employees' Retirement Plan Of Duke University | Duke University | 23,682 | $2.8B | 07/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/23/2026 | 1.22 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
- • EXPENSE REIMBURSEMENT
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- BNY Mellon $272M (81% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 23, 2026.
View current Form ADV (SEC/IAPD) ↗