Gramercy Funds Management Llc

SEC-registered Private Fund Manager · Mid-sized ($1B–$10B) CRD 152209 · SEC file 801-70808 · West Palm Beach, FL · TWITTER.COM

☆ Save with Pro ADV data as of Mar 31, 2026

Regulatory AUM: $7.4B
Discretionary: $7.4B
Clients: 41
Avg AUM / client: $181M
Accounts: 51
Employees: 75

AUM over time

$2.8B $7.4B

Dec 2011 Dec 2025

Annual snapshots from Form ADV filings · as of Mar 31, 2026

Who they serve

Client type	Clients	AUM	% of AUM
Investment companies	1	$58.9M	0.79%
Pooled investment vehicles (non-investment companies)	40	$6.0B	80.8%
Pension and profit sharing plans	Fewer than 5 clients	$328M	4.42%
State or municipal government entities	Fewer than 5 clients	$569M	7.66%
Insurance companies	Fewer than 5 clients	$228M	3.07%
Sovereign wealth funds and foreign official institutions	Fewer than 5 clients	$78.9M	1.06%
Other	Fewer than 5 clients	$165M	2.22%

Private funds (48)

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Reported in Form ADV Section 7.B.(1), filing of Apr 2024 · $7.2B combined gross assets

Fund	Type	Domicile	Gross assets	Owners
Gramercy Capital Solutions Fund Ii L.P.	Private Equity Fund	Delaware	$685M	13
Gramercy Pg Holdings Lp master	Private Equity Fund	Delaware	$612M	69
Gramercy Capital Solutions Fund Iii Lp	Other Private Fund	Delaware	$608M	11
Gramex Investment Holdings Llc	Other Private Fund	Delaware	$532M	20
Gramercy Pg Feeder Lp feeder	Private Equity Fund	Cayman Islands	$509M	19
Gramercy 1812 Opportunity Fund Llc	Hedge Fund	Delaware	$459M	2
Gramercy Multi Asset Fund L.P. master	Hedge Fund	Delaware	$374M	5
Gramercy Multi Asset Feeder Fund L.P. feeder	Hedge Fund	Cayman Islands	$306M	2
Gramercy Distressed Opportunity Fund Iii A Lp master	Private Equity Fund	Cayman Islands	$252M	8
Gramercy Distressed Opportunity Offshore Fund Iii A Ltd feeder	Private Equity Fund	Cayman Islands	$248M	2
Gramercy Opportunity Fund Spc	Hedge Fund	Cayman Islands	$209M	100
Gramercy Capital Solutions Fund, L.P.	Private Equity Fund	Delaware	$205M	19
Gramercy Special Situations Opportunity I Lp	Private Equity Fund	Delaware	$201M	44
Gramercy Distressed Opportunity Fund Iii Lp	Private Equity Fund	Cayman Islands	$189M	42
Gramercy Am Fig Strategic Partnership Fund Llc	Other Private Fund	Cayman Islands	$149M	1

People (8)

Name	Role / title	With firm since	Ownership
Koenigsberger, Robert, Scott	Chief Investment Officer	Jun 2009 (17y)	≈ 28.13% – 75% via Cerro Negro Capital Management Llc
Lanava, Robert, John	Chief Compliance Officer	Dec 2009 (17y)	Less than 5%
Seaman, Scott, Guy	Co Chief Operating Officer	Dec 2009 (17y)	≈ 9.38% – 37.5% via Tall Oaks Capital Management Llc
Joannou, Robert, Michael	Co Chief Operating Officer	Jan 2014 (13y)	Less than 5%
O'melia, Joshua, Michael	Chief Legal Officer	Mar 2019 (7y)	Less than 5%
El Erian, Mohamed, Aly	Chair	Jul 2020 (6y)	10% – 25%
Wilson, Dennis, Michael	Chief Financial Officer	Jul 2021 (5y)	Less than 5%
Humphrey, Thomas, Patrick	President	Feb 2023 (4y)	Less than 5%

Entity owners (Schedule A/B)

Entity	Title / status	Since	Sch.	Ownership
Gramercy Financial Group Llc	Owner	Jan 2010	A	50% – 75%
Kudu Investment Us, Llc	Member	Jun 2022	A	10% – 25%
Gramercy Em Pe Llc	Member	May 2018	A	5% – 10%
Cerro Negro Capital Management Llc	Member	Jun 2009	B	≈ 37.5% – 75% via Gramercy Financial Group Llc
San Bernardino County Employees' Retirement Association	Managing Member	May 2018	B	≈ 3.75% – 10% via Gramercy Em Pe Llc
Kudu Investment Holdings, Llc	Member	Dec 2019	B	≈ 7.5% – 25% via Kudu Investment Us, Llc
Kudu Investment Management Llc	Member	Dec 2019	B	≈ 5.63% – 25% via Kudu Investment Holdings, Llc
Wm Regent Ltd.	Member	Oct 2020	B	≈ 4.22% – 25% via Kudu Investment Management Llc
Wm International Holdings Ltd.	Shareholder	Oct 2020	B	≈ 3.16% – 25% via Wm Regent Ltd.
Wm Hinson (Bermuda) Ltd.	Shareholder	Jan 2023	B	≈ 2.37% – 25% via Wm International Holdings Ltd.
White Mountains Insurance Group, Ltd.	Shareholder	Oct 2020	B	≈ 1.78% – 25% via Wm Hinson (Bermuda) Ltd.
Tall Oaks Capital Management Llc	Member	May 2018	B	≈ 12.5% – 37.5% via Gramercy Financial Group Llc

Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.

Estimated effective ownership (look-through of filed bands):

Koenigsberger, Robert, Scott: 75% – 100% of Cerro Negro Capital Management Llc × 75% – 100% of Gramercy Financial Group Llc × 50% – 75% direct ≈ 28.13% – 75% of the firm
Seaman, Scott, Guy: 75% – 100% of Tall Oaks Capital Management Llc × 25% – 50% of Gramercy Financial Group Llc × 50% – 75% direct ≈ 9.38% – 37.5% of the firm
Cerro Negro Capital Management Llc: 75% – 100% of Gramercy Financial Group Llc × 50% – 75% direct ≈ 37.5% – 75% of the firm
San Bernardino County Employees' Retirement Association: 75% – 100% of Gramercy Em Pe Llc × 5% – 10% direct ≈ 3.75% – 10% of the firm
Kudu Investment Holdings, Llc: 75% – 100% of Kudu Investment Us, Llc × 10% – 25% direct ≈ 7.5% – 25% of the firm
Kudu Investment Management Llc: 75% – 100% of Kudu Investment Holdings, Llc × 75% – 100% of Kudu Investment Us, Llc × 10% – 25% direct ≈ 5.63% – 25% of the firm
Wm Regent Ltd.: 75% – 100% of Kudu Investment Management Llc × 75% – 100% of Kudu Investment Holdings, Llc × 75% – 100% of Kudu Investment Us, Llc × 10% – 25% direct ≈ 4.22% – 25% of the firm
Wm International Holdings Ltd.: 75% – 100% of Wm Regent Ltd. × 75% – 100% of Kudu Investment Management Llc × 75% – 100% of Kudu Investment Holdings, Llc × 75% – 100% of Kudu Investment Us, Llc × 10% – 25% direct ≈ 3.16% – 25% of the firm
Wm Hinson (Bermuda) Ltd.: 75% – 100% of Wm International Holdings Ltd. × 75% – 100% of Wm Regent Ltd. × 75% – 100% of Kudu Investment Management Llc × 75% – 100% of Kudu Investment Holdings, Llc × 75% – 100% of Kudu Investment Us, Llc × 10% – 25% direct ≈ 2.37% – 25% of the firm
White Mountains Insurance Group, Ltd.: 75% – 100% of Wm Hinson (Bermuda) Ltd. × 75% – 100% of Wm International Holdings Ltd. × 75% – 100% of Wm Regent Ltd. × 75% – 100% of Kudu Investment Management Llc × 75% – 100% of Kudu Investment Holdings, Llc × 75% – 100% of Kudu Investment Us, Llc × 10% – 25% direct ≈ 1.78% – 25% of the firm
Tall Oaks Capital Management Llc: 25% – 50% of Gramercy Financial Group Llc × 50% – 75% direct ≈ 12.5% – 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 (48, $7.2B gross assets)

Fund	Type	Gross assets	Min. investment	Owners
Gramercy Capital Solutions Fund Ii L.P.	Private Equity Fund	$685M	$5.0M	13
Gramercy Pg Holdings Lp	Private Equity Fund	$612M	$5.0M	69
Gramercy Capital Solutions Fund Iii Lp	Other Private Fund	$608M	$5.0M	11
Gramex Investment Holdings Llc	Other Private Fund	$532M	$5.0M	20
Gramercy Pg Feeder Lp	Private Equity Fund	$509M	$5.0M	19
Gramercy 1812 Opportunity Fund Llc	Hedge Fund	$459M	$0	2
Gramercy Multi Asset Fund L.P.	Hedge Fund	$374M	$5.0M	5
Gramercy Multi Asset Feeder Fund L.P.	Hedge Fund	$306M	$5.0M	2
Gramercy Distressed Opportunity Fund Iii A Lp	Private Equity Fund	$252M	$5.0M	8
Gramercy Distressed Opportunity Offshore Fund Iii A Ltd	Private Equity Fund	$248M	$5.0M	2
Gramercy Opportunity Fund Spc	Hedge Fund	$209M	$0	100
Gramercy Capital Solutions Fund, L.P.	Private Equity Fund	$205M	$5.0M	19
Gramercy Special Situations Opportunity I Lp	Private Equity Fund	$201M	$5.0M	44
Gramercy Distressed Opportunity Fund Iii Lp	Private Equity Fund	$189M	$5.0M	42
Gramercy Am Fig Strategic Partnership Fund Llc	Other Private Fund	$149M	$0	1
Gramercy Distressed Opportunity Fund Ii Lp	Private Equity Fund	$140M	$5.0M	43
Puerto Rico Holdings Llc	Private Equity Fund	$108M	$0	19
Gramercy Em Credit Total Return Fund	Other Private Fund	$96.6M	$5.0M	1
Gramercy Em Credit Total Return Feeder Fund	Other Private Fund	$96.3M	$5.0M	3
Bona Fide Investment Holdings Ii Llc	Other Private Fund	$89.6M	$5.0M	17
Gramercy Opportunity Fund Spc Ven Sp	Other Private Fund	$87.1M	$0	31
Gramercy Dr Law Holdings Llc	Private Equity Fund	$82.2M	$5.0M	36
Gramercy Venezuela Opportunity Master Fund	Hedge Fund	$77.6M	$5.0M	12
Gramercy Emerging Markets Dynamic Credit Fund	Hedge Fund	$61.5M	$5.0M	3
Gp Holdings Sa Ii Llc	Other Private Fund	$60.6M	$0	23

Top 25 of 48 funds by gross assets · all funds

From Form ADV Section 7.B private fund reporting.

Documents (1 archived)

Form	Period	Size
Form ADV (full filing)	03/31/2026	10.6 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
• Performance-based fees

Services

• Portfolio management for investment companies
• Portfolio management for pooled investment vehicles
• Portfolio management for businesses/institutional clients

Custody

Reported custodians

State Street $943M (13% of AUM) Mar 2026
BNY Mellon $556M (7% of AUM) Mar 2026
Bnp Paribas $221M (3% of AUM) Mar 2026
Northern Trust $61.2M (1% of AUM) Dec 2022
J.P. Morgan $1.6M (0% of AUM) Dec 2022

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 31, 2026.

View current Form ADV (SEC/IAPD) ↗