CL
Cwci Llc
SEC-registered
Private Fund Manager · Small ($100M–$1B)
CRD 144535
· SEC file 801-69737
· Washington, DC
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ADV data as of Mar 18, 2026
- Regulatory AUM
- $256M
- Discretionary
- $256M
- Clients
- 5
- Avg AUM / client
- $51.1M
- Accounts
- 5
- Employees
- 5
AUM over time
$256M
$9.3B
Mar 30, 2012
Mar 18, 2026
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 18, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 5 | $256M | 100.0% |
Private funds (11)
Reported in Form ADV Section 7.B.(1), filing of Nov 2024 · $270M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Cwcapital Cobalt Vr, Ltd. | Securitized Asset Fund | Cayman Islands | $245M | 1 |
| G Star 2003 3 Ltd. | Securitized Asset Fund | Cayman Islands | $11.9M | 2 |
| Cwcapital Cobalt Ii, Ltd. | Securitized Asset Fund | Cayman Islands | $6.0M | 4 |
| Crest 2003 2 | Securitized Asset Fund | Cayman Islands | $2.7M | 2 |
| Cwcapital Cobalt I, Ltd | Securitized Asset Fund | Cayman Islands | $2.1M | 1 |
| Crest 2004 1, Ltd. | Securitized Asset Fund | Cayman Islands | $1.4M | 5 |
| Gramercy Real Estate Cdo 2006 1, Ltd. | Securitized Asset Fund | Cayman Islands | $308K | 1 |
| Crest Clr 2002 1 | Securitized Asset Fund | Cayman Islands | $210K | 8 |
| Sorin 2005 1 | Securitized Asset Fund | Cayman Islands | $208K | 1 |
| Gramercy Real Estate Cdo 2005 1, Ltd. | Securitized Asset Fund | Cayman Islands | $107K | 1 |
| Acasr 2007 1 A | Securitized Asset Fund | Cayman Islands | $84.4K | 1 |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Iannarone, David, Bruce | Chief Executive Officer | Sep 2010 (16y) | Less than 5% | |
| Amelia, Hoffman, Thornton | Senior Vice President, Associate General Counsel | Jul 2013 (13y) | Less than 5% | |
| Cunningham, Bruce, Thomas | Chief Financial Officer, Chief Compliance Officer | Mar 2015 (11y) | Less than 5% | |
| Zhu, Guangyu, Nmn | Senior Vice President | Feb 2016 (11y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Cw Financial Services Llc | Sole Member | Jan 2004 | A | 75% or more |
| Galaxy Acquisition Llc | Sole Member | Sep 2010 | B | ≈ 31.64% – 100% via Cw Financial Services Holding Company Llc |
| Strategic Investment Portfolio L.P. | Partner | Sep 2010 | B | ≈ 1.11% – 28.13% via Fts Sip L.P. |
| Bt Pension Scheme | Partner | Sep 2010 | B | ≈ 0.83% – 28.13% via Strategic Investment Portfolio L.P. |
| Cwfs Holdings Llc | Member | Oct 2011 | B | ≈ 56.25% – 100% via Cw Financial Services Llc |
| Cw Financial Services Holding Company Llc | Member | Aug 2012 | B | ≈ 42.19% – 100% via Cwfs Holdings Llc |
| Pecr Holdco Llc | Sole Member | Jun 2018 | B | ≈ 23.73% – 100% via Galaxy Acquisition Llc |
| Galaxy Cf Ust Investment Holdings Llc | Member | Sep 2010 | B | ≈ 5.93% – 56.25% via Galaxy Cf Holdings Llc |
| Galaxy Cf Holdings Llc | Member | Sep 2010 | B | ≈ 11.87% – 75% via Pecr Holdco Llc |
| Galaxy Pef Holdings Llc | Member | Sep 2010 | B | ≈ 11.87% – 75% via Pecr Holdco Llc |
| Fortress Credit Opportunities Fund (B) Lp | Member | Sep 2010 | B | ≈ 1.48% – 28.13% via Galaxy Cf Ust Investment Holdings Llc |
| Fts Sip L.P. | Member | Sep 2010 | B | ≈ 1.48% – 28.13% via Galaxy Cf Ust Investment Holdings Llc |
| Fortress Investment Fund V (Fund A) Lp | Member | Sep 2010 | B | ≈ 2.97% – 37.5% via Galaxy Pef Holdings Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Galaxy Acquisition Llc: 75% – 100% of Cw Financial Services Holding Company Llc × 75% – 100% of Cwfs Holdings Llc × 75% – 100% of Cw Financial Services Llc × 75% – 100% direct ≈ 31.64% – 100% of the firm
- Strategic Investment Portfolio L.P.: 75% – 100% of Fts Sip L.P. × 25% – 50% of Galaxy Cf Ust Investment Holdings Llc × 50% – 75% of Galaxy Cf Holdings Llc × 50% – 75% of Pecr Holdco Llc × 75% – 100% of Galaxy Acquisition Llc × 75% – 100% of Cw Financial Services Holding Company Llc × 75% – 100% of Cwfs Holdings Llc × 75% – 100% of Cw Financial Services Llc × 75% – 100% direct ≈ 1.11% – 28.13% of the firm
- Bt Pension Scheme: 75% – 100% of Strategic Investment Portfolio L.P. × 75% – 100% of Fts Sip L.P. × 25% – 50% of Galaxy Cf Ust Investment Holdings Llc × 50% – 75% of Galaxy Cf Holdings Llc × 50% – 75% of Pecr Holdco Llc × 75% – 100% of Galaxy Acquisition Llc × 75% – 100% of Cw Financial Services Holding Company Llc × 75% – 100% of Cwfs Holdings Llc × 75% – 100% of Cw Financial Services Llc × 75% – 100% direct ≈ 0.83% – 28.13% of the firm
- Cwfs Holdings Llc: 75% – 100% of Cw Financial Services Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Cw Financial Services Holding Company Llc: 75% – 100% of Cwfs Holdings Llc × 75% – 100% of Cw Financial Services Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Pecr Holdco Llc: 75% – 100% of Galaxy Acquisition Llc × 75% – 100% of Cw Financial Services Holding Company Llc × 75% – 100% of Cwfs Holdings Llc × 75% – 100% of Cw Financial Services Llc × 75% – 100% direct ≈ 23.73% – 100% of the firm
- Galaxy Cf Ust Investment Holdings Llc: 50% – 75% of Galaxy Cf Holdings Llc × 50% – 75% of Pecr Holdco Llc × 75% – 100% of Galaxy Acquisition Llc × 75% – 100% of Cw Financial Services Holding Company Llc × 75% – 100% of Cwfs Holdings Llc × 75% – 100% of Cw Financial Services Llc × 75% – 100% direct ≈ 5.93% – 56.25% of the firm
- Galaxy Cf Holdings Llc: 50% – 75% of Pecr Holdco Llc × 75% – 100% of Galaxy Acquisition Llc × 75% – 100% of Cw Financial Services Holding Company Llc × 75% – 100% of Cwfs Holdings Llc × 75% – 100% of Cw Financial Services Llc × 75% – 100% direct ≈ 11.87% – 75% of the firm
- Galaxy Pef Holdings Llc: 50% – 75% of Pecr Holdco Llc × 75% – 100% of Galaxy Acquisition Llc × 75% – 100% of Cw Financial Services Holding Company Llc × 75% – 100% of Cwfs Holdings Llc × 75% – 100% of Cw Financial Services Llc × 75% – 100% direct ≈ 11.87% – 75% of the firm
- Fortress Credit Opportunities Fund (B) Lp: 25% – 50% of Galaxy Cf Ust Investment Holdings Llc × 50% – 75% of Galaxy Cf Holdings Llc × 50% – 75% of Pecr Holdco Llc × 75% – 100% of Galaxy Acquisition Llc × 75% – 100% of Cw Financial Services Holding Company Llc × 75% – 100% of Cwfs Holdings Llc × 75% – 100% of Cw Financial Services Llc × 75% – 100% direct ≈ 1.48% – 28.13% of the firm
- Fts Sip L.P.: 25% – 50% of Galaxy Cf Ust Investment Holdings Llc × 50% – 75% of Galaxy Cf Holdings Llc × 50% – 75% of Pecr Holdco Llc × 75% – 100% of Galaxy Acquisition Llc × 75% – 100% of Cw Financial Services Holding Company Llc × 75% – 100% of Cwfs Holdings Llc × 75% – 100% of Cw Financial Services Llc × 75% – 100% direct ≈ 1.48% – 28.13% of the firm
- Fortress Investment Fund V (Fund A) Lp: 25% – 50% of Galaxy Pef Holdings Llc × 50% – 75% of Pecr Holdco Llc × 75% – 100% of Galaxy Acquisition Llc × 75% – 100% of Cw Financial Services Holding Company Llc × 75% – 100% of Cwfs Holdings Llc × 75% – 100% of Cw Financial Services Llc × 75% – 100% direct ≈ 2.97% – 37.5% 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, $270M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Cwcapital Cobalt Vr, Ltd. | Securitized Asset Fund | $245M | $500K | 1 |
| G Star 2003 3 Ltd. | Securitized Asset Fund | $11.9M | $500K | 2 |
| Cwcapital Cobalt Ii, Ltd. | Securitized Asset Fund | $6.0M | $500K | 4 |
| Crest 2003 2 | Securitized Asset Fund | $2.7M | $500K | 2 |
| Cwcapital Cobalt I, Ltd | Securitized Asset Fund | $2.1M | $500K | 1 |
| Crest 2004 1, Ltd. | Securitized Asset Fund | $1.4M | $500K | 5 |
| Gramercy Real Estate Cdo 2006 1, Ltd. | Securitized Asset Fund | $308K | $500K | 1 |
| Crest Clr 2002 1 | Securitized Asset Fund | $210K | $500K | 8 |
| Sorin 2005 1 | Securitized Asset Fund | $208K | $500K | 1 |
| Gramercy Real Estate Cdo 2005 1, Ltd. | Securitized Asset Fund | $107K | $500K | 1 |
| Acasr 2007 1 A | Securitized Asset Fund | $84.4K | $500K | 1 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/18/2026 | 1.91 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
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports it does not have 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 18, 2026.
View current Form ADV (SEC/IAPD) ↗