Rainier Investment Management Llc
SEC-registered
Mutual Fund / Asset Manager · Small ($100M–$1B)
CRD 105556
· SEC file 801-35638
· Seattle, WA
· WWW.LINKEDIN.COM
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ADV data as of Jun 23, 2026
- Regulatory AUM
- $581M
- Discretionary
- $581M
- Clients
- 4
- Avg AUM / client
- $145M
- Accounts
- 4
- Employees
- 3
AUM over time
$581M
$15.5B
Dec 2011
Jun 2026
Annual snapshots from Form ADV filings · as of Jun 23, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 1 | $356M | 61.2% |
| Pooled investment vehicles (non-investment companies) | 2 | $196M | 33.8% |
| Corporations and other businesses | 1 | $29.1M | 5.01% |
People (6)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Kushner, Jessica, Michele | Chief Compliance Officer | May 2017 (9y) | Less than 5% | |
| Pegula, Kim, S | Owner | Jan 2018 (9y) | ≈ 2.97% – 37.5% via East Asset Management, Llc | |
| Pegula, Terrence, M | Owner | Jan 2018 (9y) | ≈ 2.97% – 37.5% via East Asset Management, Llc | |
| Turner, Sarah, Christine | Corporate Secretary | Sep 2018 (8y) | Less than 5% | |
| Mayer, Marc, Orlans | Ceo | Jan 2019 (8y) | Less than 5% | |
| Morrow, James, Stuart | Owner | Oct 2020 (6y) | ≈ 8.9% – 75% via Callodine Group, Llc |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Manning & Napier Group, Llc | Sole Owner | Apr 2016 | A | 75% or more |
| Manning & Napier Inc. | Sole Managing Member | Jun 2011 | B | ≈ 56.25% – 100% via Manning & Napier Group, Llc |
| Callodine Midco, Inc | Owner | Apr 2022 | B | ≈ 42.19% – 100% via Manning & Napier Inc. |
| Callodine Mn Holdings, Inc. | Owner | Mar 2022 | B | ≈ 31.64% – 100% via Callodine Midco, Inc |
| Callodine Aggregator, Llc | Owner | Mar 2022 | B | ≈ 23.73% – 100% via Callodine Mn Holdings, Inc. |
| Callodine Group, Llc | Owner | Mar 2022 | B | ≈ 11.87% – 75% via Callodine Aggregator, Llc |
| East Asset Management, Llc | Owner | Mar 2022 | B | ≈ 5.93% – 50% via Callodine Aggregator, Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Pegula, Kim, S: 50% – 75% of East Asset Management, Llc × 25% – 50% of Callodine Aggregator, Llc × 75% – 100% of Callodine Mn Holdings, Inc. × 75% – 100% of Callodine Midco, Inc × 75% – 100% of Manning & Napier Inc. × 75% – 100% of Manning & Napier Group, Llc × 75% – 100% direct ≈ 2.97% – 37.5% of the firm
- Pegula, Terrence, M: 50% – 75% of East Asset Management, Llc × 25% – 50% of Callodine Aggregator, Llc × 75% – 100% of Callodine Mn Holdings, Inc. × 75% – 100% of Callodine Midco, Inc × 75% – 100% of Manning & Napier Inc. × 75% – 100% of Manning & Napier Group, Llc × 75% – 100% direct ≈ 2.97% – 37.5% of the firm
- Morrow, James, Stuart: 75% – 100% of Callodine Group, Llc × 50% – 75% of Callodine Aggregator, Llc × 75% – 100% of Callodine Mn Holdings, Inc. × 75% – 100% of Callodine Midco, Inc × 75% – 100% of Manning & Napier Inc. × 75% – 100% of Manning & Napier Group, Llc × 75% – 100% direct ≈ 8.9% – 75% of the firm
- Manning & Napier Inc.: 75% – 100% of Manning & Napier Group, Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Callodine Midco, Inc: 75% – 100% of Manning & Napier Inc. × 75% – 100% of Manning & Napier Group, Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Callodine Mn Holdings, Inc.: 75% – 100% of Callodine Midco, Inc × 75% – 100% of Manning & Napier Inc. × 75% – 100% of Manning & Napier Group, Llc × 75% – 100% direct ≈ 31.64% – 100% of the firm
- Callodine Aggregator, Llc: 75% – 100% of Callodine Mn Holdings, Inc. × 75% – 100% of Callodine Midco, Inc × 75% – 100% of Manning & Napier Inc. × 75% – 100% of Manning & Napier Group, Llc × 75% – 100% direct ≈ 23.73% – 100% of the firm
- Callodine Group, Llc: 50% – 75% of Callodine Aggregator, Llc × 75% – 100% of Callodine Mn Holdings, Inc. × 75% – 100% of Callodine Midco, Inc × 75% – 100% of Manning & Napier Inc. × 75% – 100% of Manning & Napier Group, Llc × 75% – 100% direct ≈ 11.87% – 75% of the firm
- East Asset Management, Llc: 25% – 50% of Callodine Aggregator, Llc × 75% – 100% of Callodine Mn Holdings, Inc. × 75% – 100% of Callodine Midco, Inc × 75% – 100% of Manning & Napier Inc. × 75% – 100% of Manning & Napier Group, Llc × 75% – 100% direct ≈ 5.93% – 50% 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.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/23/2026 | 2.09 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
Services
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- J.P. Morgan $29.1M (5% of AUM) Jun 2026
- Northern Trust $21.8M (3% of AUM) Mar 2024
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have 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: Jun 23, 2026.
View current Form ADV (SEC/IAPD) ↗