Kailai Advisers Ltd.
SEC-registered
Private Fund Manager · Boutique (under $100M)
CRD 161692
· SEC file 801-74088
· Los Angeles, CA
· WWW.CLARITYPARTNERS.NET
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ADV data as of May 21, 2026
- Regulatory AUM
- $57.8M
- Discretionary
- $57.8M
- Clients
- 2
- Avg AUM / client
- $28.9M
- Accounts
- 2
- Employees
- 9
AUM over time
$57.8M
$892M
Feb 14, 2012
May 21, 2026
Reported AUM from Form ADV filings, plotted by filing date · as of May 21, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 2 | $57.8M | 100.0% |
Private funds (10)
Reported in Form ADV Section 7.B.(1), filing of Apr 2024 · $73.8M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Clarity China Partners, L.P. | Private Equity Fund | Cayman Islands | $59.2M | 56 |
| Clarity Partners, L.P. | Private Equity Fund | Delaware | $9.6M | 42 |
| Clarity China Partners (Ai), L.P. | Private Equity Fund | Cayman Islands | $1.8M | 4 |
| Clarity Advisors, L.P. | Private Equity Fund | Delaware | $1.4M | 54 |
| Kailai Investments Ii A, L.P. | Private Equity Fund | Cayman Islands | $703K | 3 |
| Rader Reinfrank Investors, L.P. | Private Equity Fund | Delaware | $475K | 18 |
| Kailai Investments Ii, L.P. | Private Equity Fund | Cayman Islands | $344K | 23 |
| Clarity Associates, L.P. | Private Equity Fund | Delaware | $131K | 26 |
| Rader Reinfrank International, L.P. | Private Equity Fund | Delaware | $95.5K | 1 |
| Rgr Associates, L.P. | Private Equity Fund | Delaware | $11.9K | 19 |
People (12)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Rader, Anne, Wilson | Trustee | Sep 1994 (32y) | 50% – 75% of Rader Living Trust Dtd 9/1/94 (indirect) | |
| Rader, Stephen, Paul | Trustee | Sep 1994 (32y) | GP / trustee / elected manager of Rader Living Trust Dtd 9/1/94 (indirect) | |
| Reinfrank, Ralph, Rudolph | Trustee | Jun 1995 (31y) | 75% or more of Reinfrank Living Trust Dtd 6/13/95 (indirect) | |
| Walker, Clinton, William | Trustee | Jan 1999 (28y) | GP / trustee / elected manager of Walker Living Trust (indirect) | |
| Porter, Barry, Alan | Director Of Kailai Advisers Ltd. | Sep 1999 (27y) | 50% – 75% of The Nautilus Trust, Dtd 09/10/99 (indirect) | |
| Porter, Lea, Lisbon | Trustee | Sep 1999 (27y) | 50% – 75% of The Nautilus Trust, Dtd 09/10/99 (indirect) | |
| Lee, David, Li | Director Of Kailai Advisers Ltd. | Jan 2000 (27y) | 50% – 75% of Alegre Trust Dated 1/21/00 (indirect) | |
| Lee, Ellen, Wang | Trustee | Jan 2000 (27y) | 50% – 75% of Alegre Trust Dated 1/21/00 (indirect) | |
| Gutfreund, Joshua, Lee | Trustee | Jun 2002 (24y) | GP / trustee / elected manager of Clarity China Holdings, Llc (indirect) | |
| Kessler, William, Jack | Cfo/Cco Of Kailai Advisers Ltd. | Sep 2006 (20y) | Less than 5% | |
| Liu, Xiao, Hua | Director Of Kailai Advisers Ltd. | Feb 2007 (20y) | 25% – 50% | |
| Wilson, Gary, Lee | Director Of Kailai Advisers Ltd. | Feb 2007 (20y) | 10% – 25% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Clarity China Holdings, Llc | Shareholder Of Kailai Advisers Ltd. | Feb 2007 | A | 50% – 75% |
| Alegre Trust Dated 1/21/00 | Managing Member | Jan 2006 | B | GP / trustee / elected manager of Clarity China Holdings, Llc (indirect) |
| Rader Living Trust Dtd 9/1/94 | Managing Member | Jan 2006 | B | GP / trustee / elected manager of Clarity China Holdings, Llc (indirect) |
| The Nautilus Trust, Dtd 09/10/99 | Managing Member | Jan 2006 | B | GP / trustee / elected manager of Clarity China Holdings, Llc (indirect) |
| Walker Living Trust | Managing Member | Jan 2006 | B | GP / trustee / elected manager of Clarity China Holdings, Llc (indirect) |
| Gutfreund Trust Dtd 6/17/02 | Managing Member | Jan 2006 | B | GP / trustee / elected manager of Clarity China Holdings, Llc (indirect) |
| Reinfrank Living Trust Dtd 6/13/95 | Member | Jan 2006 | B | GP / trustee / elected manager of Clarity China Holdings, Llc (indirect) |
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 (10, $73.8M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Clarity China Partners, L.P. | Private Equity Fund | $59.2M | $10.0M | 56 |
| Clarity Partners, L.P. | Private Equity Fund | $9.6M | $10.0M | 42 |
| Clarity China Partners (Ai), L.P. | Private Equity Fund | $1.8M | $10.0M | 4 |
| Clarity Advisors, L.P. | Private Equity Fund | $1.4M | $10.0M | 54 |
| Kailai Investments Ii A, L.P. | Private Equity Fund | $703K | $10.0M | 3 |
| Rader Reinfrank Investors, L.P. | Private Equity Fund | $475K | $2.5M | 18 |
| Kailai Investments Ii, L.P. | Private Equity Fund | $344K | $10.0M | 23 |
| Clarity Associates, L.P. | Private Equity Fund | $131K | $10.0M | 26 |
| Rader Reinfrank International, L.P. | Private Equity Fund | $95.5K | $2.5M | 1 |
| Rgr Associates, L.P. | Private Equity Fund | $11.9K | $2.5M | 19 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/21/2026 | 1.37 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
- • Fixed fees
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
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: May 21, 2026.
View current Form ADV (SEC/IAPD) ↗