BA
Bw Asset Management Ltd
SEC-registered
Private Fund Manager · Small ($100M–$1B)
CRD 300503
· SEC file 801-116666
· George Town
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ADV data as of Mar 25, 2026
- Regulatory AUM
- $110M
- Discretionary
- $110M
- Clients
- 2
- Avg AUM / client
- $55.1M
- Accounts
- 2
- Employees
- 40
AUM over time
$0
$136M
Apr 22, 2019
Mar 25, 2026
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 25, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 1 | $31.4M | 28.5% |
| Pooled investment vehicles (non-investment companies) | 1 | $78.7M | 71.5% |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Borrelli, Cosimo, Nmn | Director | Jul 2013 (13y) | Less than 5% | |
| Kardachi, Jason, Aleksander | Director | Jul 2013 (13y) | Less than 5% | |
| Mansfield, Mitchell, Wayne | Director | Dec 2019 (7y) | Less than 5% | |
| Jancovic, Gizelle, Marie | Chief Compliance Officer | Sep 2023 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Borrelli Walsh Asia Limited | Sole Shareholder | Jul 2013 | A | 75% or more |
| American Appraisal Associates, Llc | Shareholder | Feb 1970 | B | ≈ 56.25% – 100% via Borrelli Walsh Asia Limited |
| Aa Management Group, Inc. | Shareholder | Jul 1994 | B | ≈ 42.19% – 100% via American Appraisal Associates, Llc |
| Kroll, Llc | Shareholder | Jun 1996 | B | ≈ 31.64% – 100% via Aa Management Group, Inc. |
| Deerfield Dakota Holding, Llc | Shareholder | Dec 2012 | B | ≈ 23.73% – 100% via Kroll, Llc |
| Duff & Phelps Holdings Corporation | Shareholder | Oct 2017 | B | ≈ 17.8% – 100% via Deerfield Dakota Holding, Llc |
| Kroll Midco Corporation | Shareholder | Oct 2017 | B | ≈ 13.35% – 100% via Duff & Phelps Holdings Corporation |
| Delta Buyer, Inc. | Shareholder | Jan 2020 | B | ≈ 10.01% – 100% via Kroll Midco Corporation |
| Delta Parent Holdings, Inc. | Shareholder | Jan 2020 | B | ≈ 7.51% – 100% via Delta Buyer, Inc. |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- American Appraisal Associates, Llc: 75% – 100% of Borrelli Walsh Asia Limited × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Aa Management Group, Inc.: 75% – 100% of American Appraisal Associates, Llc × 75% – 100% of Borrelli Walsh Asia Limited × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Kroll, Llc: 75% – 100% of Aa Management Group, Inc. × 75% – 100% of American Appraisal Associates, Llc × 75% – 100% of Borrelli Walsh Asia Limited × 75% – 100% direct ≈ 31.64% – 100% of the firm
- Deerfield Dakota Holding, Llc: 75% – 100% of Kroll, Llc × 75% – 100% of Aa Management Group, Inc. × 75% – 100% of American Appraisal Associates, Llc × 75% – 100% of Borrelli Walsh Asia Limited × 75% – 100% direct ≈ 23.73% – 100% of the firm
- Duff & Phelps Holdings Corporation: 75% – 100% of Deerfield Dakota Holding, Llc × 75% – 100% of Kroll, Llc × 75% – 100% of Aa Management Group, Inc. × 75% – 100% of American Appraisal Associates, Llc × 75% – 100% of Borrelli Walsh Asia Limited × 75% – 100% direct ≈ 17.8% – 100% of the firm
- Kroll Midco Corporation: 75% – 100% of Duff & Phelps Holdings Corporation × 75% – 100% of Deerfield Dakota Holding, Llc × 75% – 100% of Kroll, Llc × 75% – 100% of Aa Management Group, Inc. × 75% – 100% of American Appraisal Associates, Llc × 75% – 100% of Borrelli Walsh Asia Limited × 75% – 100% direct ≈ 13.35% – 100% of the firm
- Delta Buyer, Inc.: 75% – 100% of Kroll Midco Corporation × 75% – 100% of Duff & Phelps Holdings Corporation × 75% – 100% of Deerfield Dakota Holding, Llc × 75% – 100% of Kroll, Llc × 75% – 100% of Aa Management Group, Inc. × 75% – 100% of American Appraisal Associates, Llc × 75% – 100% of Borrelli Walsh Asia Limited × 75% – 100% direct ≈ 10.01% – 100% of the firm
- Delta Parent Holdings, Inc.: 75% – 100% of Delta Buyer, Inc. × 75% – 100% of Kroll Midco Corporation × 75% – 100% of Duff & Phelps Holdings Corporation × 75% – 100% of Deerfield Dakota Holding, Llc × 75% – 100% of Kroll, Llc × 75% – 100% of Aa Management Group, Inc. × 75% – 100% of American Appraisal Associates, Llc × 75% – 100% of Borrelli Walsh Asia Limited × 75% – 100% direct ≈ 7.51% – 100% 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.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/25/2026 | 1.03 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
- • Hourly charges
- • Fixed fees
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
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 25, 2026.
View current Form ADV (SEC/IAPD) ↗