Prep Investment Advisers, L.L.C.
- Regulatory AUM
- $1.9B
- Discretionary
- $1.9B
- Clients
- 5
- Avg AUM / client
- $382M
- Accounts
- 5
- Employees
- 34
AUM over time
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 5 | $1.9B | 100.0% |
Private funds (3)
Reported in Form ADV Section 7.B.(1), filing of May 2024 · $368M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Pearlmark Mezzanine Realty Partners V, L.P. | Real Estate Fund | Delaware | $184M | 110 |
| Pearlmark Equity Partners Ii, L.P. | Real Estate Fund | Delaware | $178M | 16 |
| Pearlmark Mezzanine Realty Partners Iv, L.P. | Real Estate Fund | Delaware | $6.7M | 61 |
People (1)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Lee, Jung, Won | Boardmember | Mar 2023 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Conning Holdings Limited | Shareholder | Mar 2023 | B | 75% or more of Conning U.S. Holdings, Inc. (indirect) |
| Generali Investments Holding S.P.A | Shareholder | Apr 2024 | B | 75% or more of Conning Holdings Limited (indirect) |
| Assicurazioni Generali S.P.A | Shareholder | Apr 2024 | B | 75% or more of Generali Investments Holding S.P.A (indirect) |
Undisclosed: 95% – 100% 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 (3, $368M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Pearlmark Mezzanine Realty Partners V, L.P. | Real Estate Fund | $184M | $5.0M | 110 |
| Pearlmark Equity Partners Ii, L.P. | Real Estate Fund | $178M | $5.0M | 16 |
| Pearlmark Mezzanine Realty Partners Iv, L.P. | Real Estate Fund | $6.7M | $5.0M | 61 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 3.18 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
- • Other fees
- • TRANSACTION FEES
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) ↗