Pccp, Llc
- Regulatory AUM
- $20.1B
- Discretionary
- $12.7B
- Clients
- 52
- Avg AUM / client
- $387M
- Accounts
- 48
- Employees
- 175
AUM over time
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) | 50 | $20.1B | 100.0% |
| State or municipal government entities | 1 | $0 | — |
| Other investment advisers | 1 | $0 | — |
Private funds (22)
View all →Reported in Form ADV Section 7.B.(1), filing of Oct 2024 · $8.9B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Pccp Credit X (Pf), Lp | Real Estate Fund | Delaware | $2.4B | 21 |
| Pccp Credit X, Lp | Real Estate Fund | Delaware | $1.5B | 27 |
| Pccp Credit Ix, Lp | Real Estate Fund | Delaware | $1.0B | 39 |
| Pccp Equity Ix (Pf), Lp | Real Estate Fund | Delaware | $536M | 8 |
| Pc Workforce Housing, Lp feeder | Real Estate Fund | Delaware | $381M | 2 |
| Pg Workforce Housing, Lp feeder | Real Estate Fund | Delaware | $381M | 2 |
| Pccp Equity Ix (Qf), Lp | Real Estate Fund | Delaware | $328M | 3 |
| Safari Ii Gazelle, Lp feeder | Real Estate Fund | Delaware | $305M | 2 |
| Safari Ii Lion, Lp feeder | Real Estate Fund | Delaware | $305M | 2 |
| Pccp Credit Ix (Pf), Lp | Real Estate Fund | Delaware | $268M | 16 |
| Gorelux Ii Scsp, Sicav Raif Pccp | Real Estate Fund | Luxembourg | $257M | 2 |
| Safari Lion, Lp feeder | Real Estate Fund | Delaware | $223M | 2 |
| Safari Gazelle, Lp feeder | Real Estate Fund | Delaware | $223M | 2 |
| Peix Broadstone Co Invest, Lp | Real Estate Fund | Delaware | $138M | 3 |
| Pccp Equity Viii (Pf), Lp | Real Estate Fund | Delaware | $113M | 2 |
People (17)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Giovara, Aaron, Arthur | Partner | May 1998 (28y) | 10% – 25% | |
| Kuemmeler, Donald, Henry | Senior Managing Partner | May 1998 (28y) | ≈ 4.69% – 25% via Dclj, Llc | |
| Lindsay, William, Rufus | Senior Managing Partner | May 1998 (28y) | ≈ 6.25% – 25% via Cgkl I, Llc | |
| Eberhardt, Greg, Alan | Partner | Dec 2007 (19y) | Less than 5% | |
| Heafey, Brian, Jospeh | Partner | Dec 2007 (19y) | Less than 5% | |
| Ulhorn, Emily, Irene Kristin | Trustee | Apr 2013 (13y) | ≈ 0.63% – 3.75% via Ulhorn Thornton Family Trust | |
| Towle, Stephen, Paul | Partner, Chief Financial Officer | Aug 2013 (13y) | Less than 5% | |
| Thornton, Bryan, Shelby | Managing Partner | Jan 2014 (13y) | ≈ 0.63% – 3.75% via Ulhorn Thornton Family Trust | |
| Lassere, Jed, William | Partner | Jan 2015 (12y) | Less than 5% | |
| Galovan, James, Brian | Partner | Jul 2015 (11y) | Less than 5% | |
| Ngongang, Lauren, Eng Young | Partner, Chief Risk Officer & Chief Compliance Officer | May 2016 (10y) | Less than 5% | |
| Randall, John, Winslow | Partner | Jan 2018 (9y) | Less than 5% | |
| Flynn, Erik, Radigan | Partner | Jun 2018 (8y) | Less than 5% | |
| Diaz, Jennifer, Rosal | Partner | Oct 2021 (5y) | Less than 5% | |
| Spaziani, Peter, Joseph | Senior Vice President, General Counsel | Jun 2022 (4y) | Less than 5% | |
| Dodge, Ryan, Francis | Partner | Oct 2024 (2y) | Less than 5% | |
| Kriegel, Karen, Boback | Partner | Oct 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Cgkl I, Llc | Member | May 1998 | A | 25% – 50% |
| Esc Pccp Holdings, Llc | Member | Dec 2007 | A | 10% – 25% |
| Amp Capital Investors Us Real Estate, Llc | Member | Dec 2017 | A | 10% – 25% |
| Pccp Class D, Llc | Member | Jan 2014 | A | 5% – 10% |
| Reef Manager, Llc | Elected Manager | Dec 2017 | A | Less than 5% |
| California State Teachers Retirement System | Member | Dec 2007 | B | ≈ 7.5% – 25% via Esc Pccp Holdings, Llc |
| Cgkl I, Llc | Member | Dec 2017 | B | ≈ 0% – 5% via Reef Manager, Llc |
| Amp Capital Investors International Holdings Limited | Member | Dec 2017 | B | ≈ 7.5% – 25% via Amp Capital Investors Us Real Estate, Llc |
| Collimate Capital Limited | Shareholder | May 2005 | B | ≈ 5.63% – 25% via Amp Capital Investors International Holdings Limited |
| Amp Holdings Proprietary Limited | Shareholder | Nov 1997 | B | ≈ 4.22% – 25% via Collimate Capital Limited |
| Amp Group Holdings Limited | Shareholder | Nov 1997 | B | ≈ 3.16% – 25% via Amp Holdings Proprietary Limited |
| Amp Limited | Shareholder | Nov 1997 | B | ≈ 2.37% – 25% via Amp Group Holdings Limited |
| Ulhorn Thornton Family Trust | Member | Jan 2014 | B | ≈ 1.25% – 5% via Pccp Class D, Llc |
| Dclj, Llc | Member | Oct 2018 | B | ≈ 6.25% – 25% via Cgkl I, Llc |
Undisclosed: 0% – 20% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Kuemmeler, Donald, Henry: 75% – 100% of Dclj, Llc × 25% – 50% of Cgkl I, Llc × 25% – 50% direct ≈ 4.69% – 25% of the firm
- Lindsay, William, Rufus: 25% – 50% of Cgkl I, Llc × 25% – 50% direct ≈ 6.25% – 25% of the firm
- Ulhorn, Emily, Irene Kristin: 50% – 75% of Ulhorn Thornton Family Trust × 25% – 50% of Pccp Class D, Llc × 5% – 10% direct ≈ 0.63% – 3.75% of the firm
- Thornton, Bryan, Shelby: 50% – 75% of Ulhorn Thornton Family Trust × 25% – 50% of Pccp Class D, Llc × 5% – 10% direct ≈ 0.63% – 3.75% of the firm
- California State Teachers Retirement System: 75% – 100% of Esc Pccp Holdings, Llc × 10% – 25% direct ≈ 7.5% – 25% of the firm
- Cgkl I, Llc: 75% – 100% of Reef Manager, Llc × 0% – 5% direct ≈ 0% – 5% of the firm
- Amp Capital Investors International Holdings Limited: 75% – 100% of Amp Capital Investors Us Real Estate, Llc × 10% – 25% direct ≈ 7.5% – 25% of the firm
- Collimate Capital Limited: 75% – 100% of Amp Capital Investors International Holdings Limited × 75% – 100% of Amp Capital Investors Us Real Estate, Llc × 10% – 25% direct ≈ 5.63% – 25% of the firm
- Amp Holdings Proprietary Limited: 75% – 100% of Collimate Capital Limited × 75% – 100% of Amp Capital Investors International Holdings Limited × 75% – 100% of Amp Capital Investors Us Real Estate, Llc × 10% – 25% direct ≈ 4.22% – 25% of the firm
- Amp Group Holdings Limited: 75% – 100% of Amp Holdings Proprietary Limited × 75% – 100% of Collimate Capital Limited × 75% – 100% of Amp Capital Investors International Holdings Limited × 75% – 100% of Amp Capital Investors Us Real Estate, Llc × 10% – 25% direct ≈ 3.16% – 25% of the firm
- Amp Limited: 75% – 100% of Amp Group Holdings Limited × 75% – 100% of Amp Holdings Proprietary Limited × 75% – 100% of Collimate Capital Limited × 75% – 100% of Amp Capital Investors International Holdings Limited × 75% – 100% of Amp Capital Investors Us Real Estate, Llc × 10% – 25% direct ≈ 2.37% – 25% of the firm
- Ulhorn Thornton Family Trust: 25% – 50% of Pccp Class D, Llc × 5% – 10% direct ≈ 1.25% – 5% of the firm
- Dclj, Llc: 25% – 50% of Cgkl I, Llc × 25% – 50% direct ≈ 6.25% – 25% 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 (22, $8.9B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Pccp Credit X (Pf), Lp | Real Estate Fund | $2.4B | $10.0M | 21 |
| Pccp Credit X, Lp | Real Estate Fund | $1.5B | $10.0M | 27 |
| Pccp Credit Ix, Lp | Real Estate Fund | $1.0B | $10.0M | 39 |
| Pccp Equity Ix (Pf), Lp | Real Estate Fund | $536M | $250K | 8 |
| Pc Workforce Housing, Lp | Real Estate Fund | $381M | $0 | 2 |
| Pg Workforce Housing, Lp | Real Estate Fund | $381M | $0 | 2 |
| Pccp Equity Ix (Qf), Lp | Real Estate Fund | $328M | $100K | 3 |
| Safari Ii Gazelle, Lp | Real Estate Fund | $305M | $0 | 2 |
| Safari Ii Lion, Lp | Real Estate Fund | $305M | $0 | 2 |
| Pccp Credit Ix (Pf), Lp | Real Estate Fund | $268M | $10.0M | 16 |
| Gorelux Ii Scsp, Sicav Raif Pccp | Real Estate Fund | $257M | $0 | 2 |
| Safari Lion, Lp | Real Estate Fund | $223M | $0 | 2 |
| Safari Gazelle, Lp | Real Estate Fund | $223M | $0 | 2 |
| Peix Broadstone Co Invest, Lp | Real Estate Fund | $138M | $0 | 3 |
| Pccp Equity Viii (Pf), Lp | Real Estate Fund | $113M | $200K | 2 |
| Pccp Equity Viii Feeder A, Lp | Real Estate Fund | $87.5M | $100K | 112 |
| Pccp Equity Viii (Qf), Lp | Real Estate Fund | $84.7M | $100K | 2 |
| Pccp Falcon Ii, Lp | Real Estate Fund | $76.4M | $0 | 2 |
| Pccp Equity Viii (Pf 2), Lp | Real Estate Fund | $45.3M | $100K | 2 |
| Tysons Co Invest, Lp | Real Estate Fund | $39.9M | $0 | 42 |
| Pccp Falcon, Lp | Real Estate Fund | $38.4M | $2.0M | 2 |
| Prose Co Invest, Lp | Real Estate Fund | $27.8M | $0 | 2 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 11.8 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: THE DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION OF THE STATE OF CALIFORNIA ("DFPI") ALLEGED THAT THE ADVISORY AFFILIATE DID NOT TRANSITION MANAGEMENT OF ITS CALIFORNIA FINANCING LAW ("CFL") LICENSES TO THE NATIONWIDE MULTISTATE LICENSING SYSTEM AND REGISTRY ("NMLS") BY THE REQUIRED DEADLINE. Status: Final Sanction Detail: THE CONSENT ORDER IMPOSES AN ADMINISTRATIVE PENALTY OF $2,500 TO BE MADE PAYABLE TO THE DFPI. THE FULL AMOUNT OF THE PENALTY IS PAYABLE BY THE ADVISORY AFFILIATE. THE PENALTY WAS PAID ON MAY 30, 2023. Summary: THE CONSENT ORDER IS FINAL AND EFFECTIVE AS OF JUNE 6, 2023.
Allegations: THE DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION OF THE STATE OF CALIFORNIA ("DFPI") ALLEGED THAT THE ADVISORY AFFILIATE DID NOT TRANSITION MANAGEMENT OF ITS CALIFORNIA FINANCING LAW ("CFL") LICENSES TO THE NATIONWIDE MULTISTATE LICENSING SYSTEM AND REGISTRY ("NMLS") BY THE REQUIRED DEADLINE. Status: Final Sanction Detail: THE CONSENT ORDER IMPOSES AN ADMINISTRATIVE PENALTY OF $2,500 TO BE MADE PAYABLE TO THE DFPI. THE FULL AMOUNT OF THE PENALTY IS PAYABLE BY THE ADVISORY AFFILIATE. THE PENALTY WAS PAID ON MAY 30, 2023. Summary: THE CONSENT ORDER IS FINAL AND EFFECTIVE AS OF JUNE 6, 2023.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
- • Other fees
- • TRANSACTION AND OTHER FEES
Services
- • Portfolio management for pooled investment vehicles
- • Other services
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 31, 2026.
View current Form ADV (SEC/IAPD) ↗