Upwelling Capital Group Llc
- Regulatory AUM
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- Discretionary
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- Clients
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- Avg AUM / client
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- Accounts
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- Employees
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AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 31, 2026
Private funds (4)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $15.2M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Medley Opportunity Fund Ii Lp | Other Private Fund | Delaware | $7.3M | 23 |
| Upwelling Equity Investors I Lp | Private Equity Fund | Delaware | $6.6M | 22 |
| Upwelling Equity Investors I B Lp | Private Equity Fund | Delaware | $1.3M | 25,000 |
| Upwelling Equity Investors Ii Lp | Private Equity Fund | Delaware | $0 | 2 |
People (2)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Mark, Joncarlo, Ruben | Chief Compliance Officer And Managing Member | Apr 2011 (15y) | 75% or more of Mark Family Trust (indirect) | |
| Rubin Mark, Jami, Denise | Co Trustee | Apr 2011 (15y) | 75% or more of Mark Family Trust (indirect) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| The Mark Family Trust | Trust | Apr 2011 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
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 (4, $15.2M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Medley Opportunity Fund Ii Lp | Other Private Fund | $7.3M | $2.0M | 23 |
| Upwelling Equity Investors I Lp | Private Equity Fund | $6.6M | $25.0K | 22 |
| Upwelling Equity Investors I B Lp | Private Equity Fund | $1.3M | $50.0K | 25,000 |
| Upwelling Equity Investors Ii Lp | Private Equity Fund | $0 | $50.0K | 2 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 1.35 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: FAILURE TO TIMELY DISCLOSE GIFTS ON A STATEMENT OF ECONOMIC INTERESTS (FORM 700). Status: Final Summary: IN 2011, JONCARLO MARK, ALONG WITH OTHER MEMBERS OF THE CALPERS INVESTMENT STAFF AND BOARD OF ADMINISTRATION, SETTLED A CASE IN WHICH LAWFUL GIFTS WERE REPORTED ON CALPERS MONTHLY GIFT REPORTS INSTEAD OF AN ANNUAL FORM 700. MR. MARK AGREED TO PAY A "STREAMLINED PRGRAM" ADMINISTRATIVE FINE (AS DID OTHERS) OF $1,400 TO THE FAIR POLITICAL PRACTICES COMMISSION (FPPC) TO SETTLE THE CASE.
Allegations: FAILURE TO TIMELY DISCLOSE GIFTS ON A STATEMENT OF ECONOMIC INTERESTS (FORM 700). Status: Final Sanction Detail: THE DATE OF PAYMENT OF THE FINE WAS 8/29/11, IT WAS PAID BY JONCARLO R. MARK AND NO PORTION WAS WAIVED. Summary: IN 2011, JONCARLO MARK, ALONG WITH OTHER MEMBERS OF THE CALPERS INVESTMENT STAFF AND BOARD OF ADMINISTRATION, SETTLED A CASE IN WHICH LAWFUL GIFTS WERE REPORTED ON CALPERS MONTHLY GIFT REPORTS INSTEAD OF ON AN ANNUAL FORM 700. MR. MARK AGREED TO PAY A "STREAMLINED PROGRAM" ADMINISTRATIVE FINE (AS DID OTHERS) OF $1,400 TO THE FAIR POLITICAL PRACTICES COMMISSION (FPPC) TO SETTLE THE CASE.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
Not reported.
Custody
Firm reports it does not have 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) ↗