Enhalus Capital, Lp
- Regulatory AUM
- $786M
- Discretionary
- $786M
- Clients
- 7
- Avg AUM / client
- $112M
- Accounts
- 7
- Employees
- 4
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 27, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 5 | $545M | 69.4% |
| Pension and profit sharing plans | 1 | $62.5M | 7.96% |
| Other | 1 | $178M | 22.7% |
Private funds (3)
Reported in Form ADV Section 7.B.(1), filing of Sep 2024 · $579M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Enhalus Burgh, Lp | Hedge Fund | Delaware | $397M | 1 |
| Cassini Partners, L.P. Enhalus Capital, Lp Series | Hedge Fund | Delaware | $151M | 2 |
| Enhalus Intertidal Master Fund, Lp master | Hedge Fund | Cayman Islands | $31.1M | 26 |
People (3)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Press, Ari, James Stern | Managing Member | Sep 2020 (6y) | ≈ 37.5% – 75% via Press Family Holdings, Llc | |
| Trenary, Timothy, Scott | Managing Member | Sep 2020 (6y) | ≈ 18.75% – 50% via Trenary Holdings, Llc | |
| Ramberg, Ava, Lucretia | Coo, Cfo, Cco | Oct 2020 (6y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Press Family Holdings, Llc | Limited Partner | Sep 2020 | A | 50% – 75% |
| Trenary Holdings, Llc | Limited Partner | Sep 2020 | A | 25% – 50% |
| Enhalus Management Gp, Llc | General Partner | Sep 2020 | A | Less than 5% |
| Press Family Holdings, Llc | Managing Member | Sep 2020 | B | ≈ 0% – 3.75% via Enhalus Management Gp, Llc |
| Trenary Holdings, Llc | Member | Sep 2020 | B | ≈ 0% – 2.5% via Enhalus Management Gp, Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Press, Ari, James Stern: 75% – 100% of Press Family Holdings, Llc × 50% – 75% direct ≈ 37.5% – 75% of the firm
- Trenary, Timothy, Scott: 75% – 100% of Trenary Holdings, Llc × 25% – 50% direct ≈ 18.75% – 50% of the firm
- Press Family Holdings, Llc: 50% – 75% of Enhalus Management Gp, Llc × 0% – 5% direct ≈ 0% – 3.75% of the firm
- Trenary Holdings, Llc: 25% – 50% of Enhalus Management Gp, Llc × 0% – 5% direct ≈ 0% – 2.5% 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 (3, $579M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Enhalus Burgh, Lp | Hedge Fund | $397M | $0 | 1 |
| Cassini Partners, L.P. Enhalus Capital, Lp Series | Hedge Fund | $151M | $10.0K | 2 |
| Enhalus Intertidal Master Fund, Lp | Hedge Fund | $31.1M | $1.0M | 26 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/27/2026 | 1.71 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
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Morgan Stanley $193M (25% of AUM) Mar 2026
- J.P. Morgan $27.7M (4% of AUM) Mar 2026
- National Financial Services (Fidelity) $19.9M (2% of AUM) Mar 2025
- State Street $12.9M (2% of AUM) Sep 2024
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: Mar 27, 2026.
View current Form ADV (SEC/IAPD) ↗