Ite Management L.P.
- Regulatory AUM
- $7.5B
- Discretionary
- $7.5B
- Clients
- 16
- Avg AUM / client
- $469M
- Accounts
- 16
- Employees
- 85
AUM over time
Annual snapshots from Form ADV filings · as of Jun 08, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 13 | $7.1B | 95.2% |
| Other | 3 | $362M | 4.82% |
Private funds (6)
Reported in Form ADV Section 7.B.(1), filing of May 2024 · $3.0B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Ite Rail Fund L.P. master | Hedge Fund | Delaware | $2.9B | 881 |
| Ite Global Intermodal Fund L.P. master | Hedge Fund | Cayman Islands | $86.0M | 83 |
| Ite Institutional Rail Fund L.L.C. | Hedge Fund | Delaware | $19.9M | 1 |
| Ite Air Master Fund Ii L.P. master | Private Equity Fund | Cayman Islands | $11.5M | 12 |
| Ite Diversified Transportation Asset Fund L.P. | Hedge Fund | Delaware | $649K | 24 |
| Ite Offshore Diversified Transportation Asset Fund L.P. | Hedge Fund | Bermuda | $0 | 3 |
People (5)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Smilow, David, Aaron | Managing Partner | Sep 1997 (29y) | ≈ 25% – 56.25% via D. Aaron Llc | |
| Farah, Lisette | Chief Financial Officer | Sep 2014 (12y) | Less than 5% | |
| Koenig, Jason, Benjamin | Managing Partner And President | Sep 2014 (12y) | ≈ 18.75% – 50% via Amelmade L.L.C. | |
| Brand, Matthew, I | Chief Operating Officer | Jan 2022 (5y) | Less than 5% | |
| Brady, Deirdre, Rose | General Counsel/Chief Compliance Officer | May 2022 (4y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| D. Aaron Llc | Limited Partner | Sep 2014 | A | 50% – 75% |
| Amelmade L.L.C. | Limited Partner | Apr 2015 | A | 25% – 50% |
| Ite Management Gp L.L.C. | General Partner | Sep 2014 | A | Less than 5% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Smilow, David, Aaron: 50% – 75% of D. Aaron Llc × 50% – 75% direct ≈ 25% – 56.25% of the firm
- Koenig, Jason, Benjamin: 75% – 100% of Amelmade L.L.C. × 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 (6, $3.0B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Ite Rail Fund L.P. | Hedge Fund | $2.9B | $1.0M | 881 |
| Ite Global Intermodal Fund L.P. | Hedge Fund | $86.0M | $1.0M | 83 |
| Ite Institutional Rail Fund L.L.C. | Hedge Fund | $19.9M | $40.0M | 1 |
| Ite Air Master Fund Ii L.P. | Private Equity Fund | $11.5M | $100K | 12 |
| Ite Diversified Transportation Asset Fund L.P. | Hedge Fund | $649K | $1.0M | 24 |
| Ite Offshore Diversified Transportation Asset Fund L.P. | Hedge Fund | $0 | $1.0M | 3 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/08/2026 | 3.68 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
Reported custodians
- Citibank $362M (5% of AUM) Jun 2026
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: Jun 08, 2026.
View current Form ADV (SEC/IAPD) ↗