Vantage Infrastructure (Usa) Inc.
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 157458
· SEC file 801-74174
· New York, NY
· WWW.LINKEDIN.COM
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ADV data as of Mar 31, 2026
- Regulatory AUM
- $1.5B
- Discretionary
- $106M
- Clients
- 7
- Avg AUM / client
- $210M
- Accounts
- 7
- Employees
- 5
AUM over time
$122M
$1.5B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 2 | $1.1B | 75.4% |
| Pension and profit sharing plans | 2 | $206M | 14.0% |
| Insurance companies | 2 | $156M | 10.6% |
| Other | 1 | $11.7K | 0.0% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Oct 2024 · $109M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Vantage Infrastructure Debt Fund master | Other Private Fund | Delaware | $109M | 5 |
People (5)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Bertarelli, Ernesto, Silvio Maurizio | Limited Partner | Jan 2011 (16y) | ≈ 3.34% – 56.25% via Landmark Lp | |
| Guichard Bertarelli, Donata | Limited Partner | Jan 2011 (16y) | ≈ 1.67% – 37.5% via Landmark Lp | |
| Cleary, Nicholas, James | Director, Executive Director | Aug 2015 (11y) | Less than 5% | |
| Saleemah, Ahamed, Hassanali | Chief Compliance Officer | Jun 2022 (4y) | Less than 5% | |
| Fry, Dominic, Matthew | Non Executive Director | Dec 2022 (4y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Vantage Infrastructure Holdings Ltd | Shareholder | Aug 2018 | A | 75% or more |
| Northill Capital (Jersey) L.P. | Limited Partner | Jan 2011 | B | ≈ 11.87% – 75% via Northill Jersey Holdings Lp |
| Northill Invest Lp | Limited Partner | Nov 2015 | B | ≈ 8.9% – 75% via Northill Capital (Jersey) L.P. |
| Landmark Lp | Limited Partner | Nov 2015 | B | ≈ 6.67% – 75% via Northill Invest Lp |
| B Flexion Holdings (Switzerland) Sa | Owner | Jun 2020 | B | 75% or more of B Flexion Am Holdings Limited (indirect) |
| B Flexion Group Holdings Sa | Owner | Jun 2020 | B | 75% or more of B Flexion Holdings (Switzerland) Sa (indirect) |
| Bertarelli Partners Ltd | Owner | Jan 2011 | B | 75% or more of Lm (Gp) Ltd (indirect) |
| Northill Jersey Holdings Lp | Owner | Feb 2024 | B | ≈ 15.82% – 75% via Northill Uk Management Holdings Limited Ii |
| Capital Four Holding A/S | Owner | Feb 2024 | B | ≈ 56.25% – 100% via Vantage Infrastructure Holdings Ltd |
| Northill Uk Management Holdings Limited Ii | Owner | Feb 2024 | B | ≈ 21.09% – 75% via Northill Marvel Luxembourg Holdings Sarl |
| Northill Marvel Luxembourg Holdings Sarl | Owner | Mar 2016 | B | ≈ 28.13% – 75% via Capital Four Holding A/S |
| B Flexion Am Holdings Limited | General Partner | Jun 2012 | B | GP / trustee / elected manager of Northill Jersey Holdings Lp (indirect) |
| B Flexion Gp Limited | General Partner | Nov 2015 | B | GP / trustee / elected manager of Northill Invest Lp (indirect) |
| Lm (Gp) Ltd | General Partner | Nov 2008 | B | GP / trustee / elected manager of Landmark Lp (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Bertarelli, Ernesto, Silvio Maurizio: 50% – 75% of Landmark Lp × 75% – 100% of Northill Invest Lp × 75% – 100% of Northill Capital (Jersey) L.P. × 75% – 100% of Northill Jersey Holdings Lp × 75% – 100% of Northill Uk Management Holdings Limited Ii × 75% – 100% of Northill Marvel Luxembourg Holdings Sarl × 50% – 75% of Capital Four Holding A/S × 75% – 100% of Vantage Infrastructure Holdings Ltd × 75% – 100% direct ≈ 3.34% – 56.25% of the firm
- Guichard Bertarelli, Donata: 25% – 50% of Landmark Lp × 75% – 100% of Northill Invest Lp × 75% – 100% of Northill Capital (Jersey) L.P. × 75% – 100% of Northill Jersey Holdings Lp × 75% – 100% of Northill Uk Management Holdings Limited Ii × 75% – 100% of Northill Marvel Luxembourg Holdings Sarl × 50% – 75% of Capital Four Holding A/S × 75% – 100% of Vantage Infrastructure Holdings Ltd × 75% – 100% direct ≈ 1.67% – 37.5% of the firm
- Northill Capital (Jersey) L.P.: 75% – 100% of Northill Jersey Holdings Lp × 75% – 100% of Northill Uk Management Holdings Limited Ii × 75% – 100% of Northill Marvel Luxembourg Holdings Sarl × 50% – 75% of Capital Four Holding A/S × 75% – 100% of Vantage Infrastructure Holdings Ltd × 75% – 100% direct ≈ 11.87% – 75% of the firm
- Northill Invest Lp: 75% – 100% of Northill Capital (Jersey) L.P. × 75% – 100% of Northill Jersey Holdings Lp × 75% – 100% of Northill Uk Management Holdings Limited Ii × 75% – 100% of Northill Marvel Luxembourg Holdings Sarl × 50% – 75% of Capital Four Holding A/S × 75% – 100% of Vantage Infrastructure Holdings Ltd × 75% – 100% direct ≈ 8.9% – 75% of the firm
- Landmark Lp: 75% – 100% of Northill Invest Lp × 75% – 100% of Northill Capital (Jersey) L.P. × 75% – 100% of Northill Jersey Holdings Lp × 75% – 100% of Northill Uk Management Holdings Limited Ii × 75% – 100% of Northill Marvel Luxembourg Holdings Sarl × 50% – 75% of Capital Four Holding A/S × 75% – 100% of Vantage Infrastructure Holdings Ltd × 75% – 100% direct ≈ 6.67% – 75% of the firm
- Northill Jersey Holdings Lp: 75% – 100% of Northill Uk Management Holdings Limited Ii × 75% – 100% of Northill Marvel Luxembourg Holdings Sarl × 50% – 75% of Capital Four Holding A/S × 75% – 100% of Vantage Infrastructure Holdings Ltd × 75% – 100% direct ≈ 15.82% – 75% of the firm
- Capital Four Holding A/S: 75% – 100% of Vantage Infrastructure Holdings Ltd × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Northill Uk Management Holdings Limited Ii: 75% – 100% of Northill Marvel Luxembourg Holdings Sarl × 50% – 75% of Capital Four Holding A/S × 75% – 100% of Vantage Infrastructure Holdings Ltd × 75% – 100% direct ≈ 21.09% – 75% of the firm
- Northill Marvel Luxembourg Holdings Sarl: 50% – 75% of Capital Four Holding A/S × 75% – 100% of Vantage Infrastructure Holdings Ltd × 75% – 100% direct ≈ 28.13% – 75% 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 (1, $109M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Vantage Infrastructure Debt Fund | Other Private Fund | $109M | $20.0M | 5 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 1.61 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
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Desjardins Trust Inc. $207M (39% of AUM) Jun 2022
- Westpac Banking Corporation $132M (54% of AUM) Apr 2018
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) ↗