Clearwater Management Co., Inc.
- Regulatory AUM
- $4.7B
- Discretionary
- $4.7B
- Clients
- 13
- Avg AUM / client
- $360M
- Accounts
- 13
- Employees
- 1
AUM over time
Annual snapshots from Form ADV filings · as of Mar 17, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 4 | $3.9B | 83.3% |
| Pooled investment vehicles (non-investment companies) | 9 | $781M | 16.7% |
Private funds (8)
Reported in Form ADV Section 7.B.(1), filing of Jun 2024 · $783M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Clearwater Diversifying Strategies Fund, Llc master | Hedge Fund | Delaware | $166M | 61 |
| Clearwater Private Opportunity Fund V, Lllp | Private Equity Fund | Minnesota | $156M | 78 |
| Clearwater Private Opportunity Fund Vi, Lllp | Private Equity Fund | Minnesota | $132M | 77 |
| Clearwater Private Opportunity Fund Viii, Llc | Private Equity Fund | Delaware | $113M | 88 |
| Clearwater Private Opportunity Fund Vii, Llc | Private Equity Fund | Delaware | $88.1M | 59 |
| Clearwater Opportunity Fund, Lllp | Hedge Fund | Minnesota | $57.7M | 70 |
| Clearwater Private Opportunity Fund Iv, Lllp | Private Equity Fund | Minnesota | $50.1M | 76 |
| Clearwater Private Opportunity Fund Iii, Lllp | Private Equity Fund | Minnesota | $19.7M | 94 |
People (12)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Piasecki, Frank, Weyerhaeuser | Director | Dec 1992 (34y) | 10% – 25% | |
| Hlavka, Elizabeth, Driscoll | Director | Mar 1995 (31y) | 10% – 25% | |
| Weyerhaeuser, Catherine, Lane | Director | Jun 1999 (27y) | 10% – 25% | |
| Carr, Samuel, Baldwin | Director | Mar 2000 (26y) | 10% – 25% | |
| Cunningham, Courtland, Baxter | Director, Vice President And Secretary | Mar 2013 (13y) | 10% – 25% | |
| Day, Vivian, Weyerhaeuser | Director | Sep 2014 (12y) | 10% – 25% | |
| Driscoll, William, Lindeke | Chairman, President, Treasurer And Director | Sep 2015 (11y) | 10% – 25% | |
| Slocum, Michael, John | Director | Dec 2017 (9y) | 10% – 25% | |
| Middleton, Richard, W | Director | Dec 2018 (8y) | 10% – 25% | |
| Davis, Melissa, Marguerite | Director, Non Voting | Mar 2021 (5y) | Less than 5% | |
| Mitchell, Jason, Keith | Chief Compliance Officer | Mar 2021 (5y) | Less than 5% | |
| Titcomb, Daniel, Leslie | Director | Dec 2022 (4y) | 10% – 25% |
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 (8, $783M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Clearwater Diversifying Strategies Fund, Llc | Hedge Fund | $166M | $300K | 61 |
| Clearwater Private Opportunity Fund V, Lllp | Private Equity Fund | $156M | $300K | 78 |
| Clearwater Private Opportunity Fund Vi, Lllp | Private Equity Fund | $132M | $150K | 77 |
| Clearwater Private Opportunity Fund Viii, Llc | Private Equity Fund | $113M | $300K | 88 |
| Clearwater Private Opportunity Fund Vii, Llc | Private Equity Fund | $88.1M | $300K | 59 |
| Clearwater Opportunity Fund, Lllp | Hedge Fund | $57.7M | $300K | 70 |
| Clearwater Private Opportunity Fund Iv, Lllp | Private Equity Fund | $50.1M | $300K | 76 |
| Clearwater Private Opportunity Fund Iii, Lllp | Private Equity Fund | $19.7M | $300K | 94 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/17/2026 | 2.6 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
- • Other fees
- • FIXED % OF COMMITTED CAPITAL OR NAV FOR PRIVATE FUNDS.
Services
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Selection of other advisers
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 17, 2026.
View current Form ADV (SEC/IAPD) ↗