Forager Capital Management, Llc
- Regulatory AUM
- $353M
- Discretionary
- $353M
- Clients
- 2
- Avg AUM / client
- $176M
- Accounts
- 2
- Employees
- 3
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 23, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 2 | $353M | 100.0% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $350M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Forager Fund, Lp | Hedge Fund | Delaware | $328M | 75 |
| Fcm Homebuilder Llc | Private Equity Fund | Delaware | $22.1M | 10 |
People (3)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Edward Urban Kissel | Managing Partner | Jul 2011 (15y) | ≈ 18.75% – 50% via Bad Dog Enterprises, Llc | |
| Robert Symmes Macarthur | Managing Partner | Jul 2011 (15y) | ≈ 18.75% – 50% via Macarthur Llc | |
| Johnathan N Wilhelm | Partner And Chief Compliance Officer | Jul 2017 (9y) | ≈ 18.75% – 50% via Beaumont Capital, Llc |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Macarthur Llc | Owner | Jan 2020 | A | 25% – 50% |
| Bad Dog Enterprises, Llc | Owner | Jan 2020 | A | 25% – 50% |
| Beaumont Capital, Llc | Owner | Jan 2020 | A | 25% – 50% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Edward Urban Kissel: 75% – 100% of Bad Dog Enterprises, Llc × 25% – 50% direct ≈ 18.75% – 50% of the firm
- Robert Symmes Macarthur: 75% – 100% of Macarthur Llc × 25% – 50% direct ≈ 18.75% – 50% of the firm
- Johnathan N Wilhelm: 75% – 100% of Beaumont Capital, Llc × 25% – 50% direct ≈ 18.75% – 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.
Private funds (2, $350M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Forager Fund, Lp | Hedge Fund | $328M | $1.0M | 75 |
| Fcm Homebuilder Llc | Private Equity Fund | $22.1M | $1.0M | 10 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/23/2026 | 1.36 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
Reported custodians
- Northern Trust $57.8M (19% of AUM) Mar 2023
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 23, 2026.
View current Form ADV (SEC/IAPD) ↗