Natural Capital Management, Llc
- Regulatory AUM
- $226M
- Discretionary
- $226M
- Clients
- 10
- Avg AUM / client
- $22.6M
- Accounts
- 10
- Employees
- 11
AUM over time
Annual snapshots from Form ADV filings · as of Jun 24, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 10 | $226M | 100.0% |
Private funds (11)
Reported in Form ADV Section 7.B.(1), filing of Aug 2024 · $270M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Natural Capital Fund Ii, L.P. | Private Equity Fund | Delaware | $115M | 123 |
| Natural Capital Fund I, L.P. | Private Equity Fund | Delaware | $53.6M | 73 |
| Heartland Affordable Housing, Llc | Real Estate Fund | Arkansas | $32.6M | 23 |
| Natural Capital Fund Ii A, L.P. | Private Equity Fund | Delaware | $16.8M | 33 |
| Van Buren Cold Storage, Llc | Real Estate Fund | Arkansas | $13.5M | 6 |
| Heartland Pinnacle, Llc | Real Estate Fund | Arkansas | $11.5M | 4 |
| Shiloh Drive, Llc | Real Estate Fund | Arkansas | $11.4M | 2 |
| Heartland Neighborhoods, Llc | Real Estate Fund | Arkansas | $6.2M | 4 |
| Midtown Doctors Building, Llc | Real Estate Fund | Arkansas | $4.3M | 7 |
| Heartland Affordable Housing Ii, Llc | Real Estate Fund | Arkansas | $3.5M | 2 |
| Heartland Stl, Llc | Real Estate Fund | Arkansas | $1.9M | 3 |
People (7)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Haynes, Melissa, Hall | Member | Nov 2018 (8y) | ≈ 5% – 18.75% via Rzr, Llc | |
| Simmons, Mark, Todd | Member | Nov 2018 (8y) | ≈ 5% – 18.75% via Rzr, Llc | |
| George Brockmann Gearhart | Member | CFA | May 2019 (7y) | ≈ 7.5% – 25% via Gbgearhart Enterprises Llc |
| Henry, Bradley, Thomas | Managing Partner | May 2019 (7y) | ≈ 18.75% – 50% via Bhkh Holdings, Llc | |
| Saviers, Marshall, Thomas | Member | May 2019 (7y) | ≈ 7.5% – 25% via Mts Nc, Llc | |
| Bagnall, Amy, Christeen | Chief Compliance Officer & General Counsel | Sep 2023 (3y) | Less than 5% | |
| Cude, Tracy, Lynne | Chief Financial Officer | Oct 2023 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Bhkh Holdings, Llc | Member | May 2019 | A | 25% – 50% |
| Mts Nc, Llc | Member | May 2019 | A | 10% – 25% |
| Gbgearhart Enterprises Llc | Member | May 2019 | A | 10% – 25% |
| Rzr, Llc | Member | May 2019 | A | 10% – 25% |
Undisclosed: 0% – 45% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Haynes, Melissa, Hall: 50% – 75% of Rzr, Llc × 10% – 25% direct ≈ 5% – 18.75% of the firm
- Simmons, Mark, Todd: 50% – 75% of Rzr, Llc × 10% – 25% direct ≈ 5% – 18.75% of the firm
- George Brockmann Gearhart: 75% – 100% of Gbgearhart Enterprises Llc × 10% – 25% direct ≈ 7.5% – 25% of the firm
- Henry, Bradley, Thomas: 75% – 100% of Bhkh Holdings, Llc × 25% – 50% direct ≈ 18.75% – 50% of the firm
- Saviers, Marshall, Thomas: 75% – 100% of Mts Nc, Llc × 10% – 25% direct ≈ 7.5% – 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 (11, $270M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Natural Capital Fund Ii, L.P. | Private Equity Fund | $115M | $25.0K | 123 |
| Natural Capital Fund I, L.P. | Private Equity Fund | $53.6M | $100K | 73 |
| Heartland Affordable Housing, Llc | Real Estate Fund | $32.6M | $75.0K | 23 |
| Natural Capital Fund Ii A, L.P. | Private Equity Fund | $16.8M | $50.0K | 33 |
| Van Buren Cold Storage, Llc | Real Estate Fund | $13.5M | $150K | 6 |
| Heartland Pinnacle, Llc | Real Estate Fund | $11.5M | $250K | 4 |
| Shiloh Drive, Llc | Real Estate Fund | $11.4M | $1.0M | 2 |
| Heartland Neighborhoods, Llc | Real Estate Fund | $6.2M | $200K | 4 |
| Midtown Doctors Building, Llc | Real Estate Fund | $4.3M | $200K | 7 |
| Heartland Affordable Housing Ii, Llc | Real Estate Fund | $3.5M | $300K | 2 |
| Heartland Stl, Llc | Real Estate Fund | $1.9M | $1.0M | 3 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/24/2026 | 3.06 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
- • MONITORING, CONSULTING, DIRECTOR, TRANSACTION FEES, ETC.
Services
- • Portfolio management for pooled investment vehicles
- • Other services
Custody
Firm reports having 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: Jun 24, 2026.
View current Form ADV (SEC/IAPD) ↗