Elion Partners, Llc
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 170483
· SEC file 801-110933
· Miami, FL
· WWW.ELIONPARTNERS.COM
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ADV data as of Mar 31, 2026
- Regulatory AUM
- $1.4B
- Discretionary
- $1.4B
- Clients
- 28
- Avg AUM / client
- $50.4M
- Accounts
- 28
- Employees
- 27
AUM over time
$408M
$1.4B
Jun 29, 2017
Mar 31, 2026
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 28 | $1.4B | 100.0% |
Private funds (21)
View all →Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $1.3B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Elion V Us Feeder I, Lp | Real Estate Fund | Delaware | $251M | 83 |
| Elion Industrial Fund Ii, Lp feeder | Real Estate Fund | Delaware | $198M | 10 |
| Elion V Cayman Feeder I, Lp | Real Estate Fund | Cayman Islands | $125M | 81 |
| Adar Ridgeport Industrial Partners (Domestic), Llc feeder | Real Estate Fund | Delaware | $121M | 23 |
| Adar Development Partners, Lp | Real Estate Fund | Delaware | $102M | 39 |
| Adar Somerset, Llc | Real Estate Fund | Delaware | $90.8M | 24 |
| Adar Ridgeport Industrial Partners Gp Co Investment, Llc feeder | Real Estate Fund | Delaware | $76.1M | 6 |
| Elion Industrial Fund Ii (Sidecar A), Lp feeder | Real Estate Fund | Delaware | $48.5M | 1 |
| Adar Ridgeport Industrial Partners (Colombian), Lp feeder | Real Estate Fund | Cayman Islands | $36.5M | 5 |
| Adar Glenmont Investors, Llc | Real Estate Fund | Delaware | $36.0M | 11 |
| Elion Development Fund I, Lp | Real Estate Fund | Delaware | $35.0M | 7 |
| Adar Ridgeport Industrial Partners (Panamanian), Lp feeder | Real Estate Fund | Cayman Islands | $34.2M | 7 |
| Elion Industrial Fund Ii (Private Capital), Lp feeder | Real Estate Fund | Delaware | $16.9M | 23 |
| Sunlight Dc, Llc | Real Estate Fund | Delaware | $15.0M | 0 |
| Elion Industrial Fund Ii Feeder, Lp feeder | Real Estate Fund | Delaware | $11.9M | 8 |
People (7)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Azout, Jacobo, Nmn | Manager | Nov 2011 (15y) | 25% – 50% | |
| Khoudari, Sara, Azout | Member | Nov 2011 (15y) | ≈ 7.03% – 42.19% via Realco Realty, Llc | |
| Khoudari, Shlomo, Nmn | Manager | Nov 2011 (15y) | ≈ 7.03% – 42.19% via Realco Realty, Llc | |
| Argy, Sylvain, Mayer | Manager | Jan 2013 (14y) | 10% – 25% | |
| Juan Roberto Deangulo | Manager | Jan 2013 (14y) | Less than 5% | |
| Azout, Gilda | Member | Dec 2022 (4y) | GP / trustee / elected manager of Sarisa Elion, Llc (indirect) | |
| Pearson, Dalia, Miodowski | Cco | Aug 2023 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Elion Holdings I, Lp | Member | Dec 2022 | A | 75% or more |
| Ep Rsa Holdings, Llc | Member | Dec 2022 | A | Less than 5% |
| Elion I, Lp | Limited Partner | Aug 2023 | B | ≈ 56.25% – 100% via Elion Holdings I, Lp |
| Sarisa Elion, Llc | Limited Partner | Feb 2024 | B | ≈ 28.13% – 75% via Elion I, Lp |
| Realco Realty, Llc | Member | Nov 2011 | B | ≈ 14.06% – 56.25% via Sarisa Elion, Llc |
| Elion Gp, Llc | General Partner | Feb 2023 | B | GP / trustee / elected manager of Elion Holdings I, Lp (indirect) |
Estimated effective ownership (look-through of filed bands):
- Khoudari, Sara, Azout: 50% – 75% of Realco Realty, Llc × 50% – 75% of Sarisa Elion, Llc × 50% – 75% of Elion I, Lp × 75% – 100% of Elion Holdings I, Lp × 75% – 100% direct ≈ 7.03% – 42.19% of the firm
- Khoudari, Shlomo, Nmn: 50% – 75% of Realco Realty, Llc × 50% – 75% of Sarisa Elion, Llc × 50% – 75% of Elion I, Lp × 75% – 100% of Elion Holdings I, Lp × 75% – 100% direct ≈ 7.03% – 42.19% of the firm
- Elion I, Lp: 75% – 100% of Elion Holdings I, Lp × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Sarisa Elion, Llc: 50% – 75% of Elion I, Lp × 75% – 100% of Elion Holdings I, Lp × 75% – 100% direct ≈ 28.13% – 75% of the firm
- Realco Realty, Llc: 50% – 75% of Sarisa Elion, Llc × 50% – 75% of Elion I, Lp × 75% – 100% of Elion Holdings I, Lp × 75% – 100% direct ≈ 14.06% – 56.25% 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 (21, $1.3B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Elion V Us Feeder I, Lp | Real Estate Fund | $251M | $5.0M | 83 |
| Elion Industrial Fund Ii, Lp | Real Estate Fund | $198M | $5.0M | 10 |
| Elion V Cayman Feeder I, Lp | Real Estate Fund | $125M | $5.0M | 81 |
| Adar Ridgeport Industrial Partners (Domestic), Llc | Real Estate Fund | $121M | $1.0M | 23 |
| Adar Development Partners, Lp | Real Estate Fund | $102M | $3.0M | 39 |
| Adar Somerset, Llc | Real Estate Fund | $90.8M | $50.0K | 24 |
| Adar Ridgeport Industrial Partners Gp Co Investment, Llc | Real Estate Fund | $76.1M | $1.0M | 6 |
| Elion Industrial Fund Ii (Sidecar A), Lp | Real Estate Fund | $48.5M | $5.0M | 1 |
| Adar Ridgeport Industrial Partners (Colombian), Lp | Real Estate Fund | $36.5M | $1.0M | 5 |
| Adar Glenmont Investors, Llc | Real Estate Fund | $36.0M | $50.0K | 11 |
| Elion Development Fund I, Lp | Real Estate Fund | $35.0M | $50.0K | 7 |
| Adar Ridgeport Industrial Partners (Panamanian), Lp | Real Estate Fund | $34.2M | $1.0M | 7 |
| Elion Industrial Fund Ii (Private Capital), Lp | Real Estate Fund | $16.9M | $2.0M | 23 |
| Sunlight Dc, Llc | Real Estate Fund | $15.0M | $50.0K | 0 |
| Elion Industrial Fund Ii Feeder, Lp | Real Estate Fund | $11.9M | $5.0M | 8 |
| Elion Iv Qp Fund, Lp | Real Estate Fund | $11.1M | $5.0M | 53 |
| Elion Dc Co Invest, Llc | Real Estate Fund | $10.7M | $75.0K | 13 |
| Adar Ridgeport Industrial Partners (International), Lp | Real Estate Fund | $10.4M | $1.0M | 9 |
| Elion Iv Cayman Feeder I, Lp | Real Estate Fund | $10.4M | $5.0M | 56 |
| Adar 17 West, Llc | Real Estate Fund | $9.7M | $500K | 18 |
| Elion Iv Us Feeder I, Lp | Real Estate Fund | $1.5M | $5.0M | 25 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 5.44 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
- • Other fees
- • PROPERTY MANAGEMENT, CONSTRUCTION MANAGEMENT, DEVELOPMENT MANAGE
Services
- • Portfolio management for pooled investment vehicles
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) ↗