B. Riley Wealth Private Shares, Llc
- Regulatory AUM
- $47.6M
- Discretionary
- $47.6M
- Clients
- 8
- Avg AUM / client
- $6.0M
- Accounts
- 8
- Employees
- 8
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) | 8 | $47.6M | 100.0% |
Private funds (9)
Reported in Form ADV Section 7.B.(1), filing of May 2024 · $297M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| B. Riley Private Shares 2023 2 Qp, Llc | Private Equity Fund | Delaware | $249M | 312 |
| Nam Special Situations Fund I Qp, Llc Series F1 | Private Equity Fund | Delaware | $22.8M | 156 |
| B. Riley Private Shares Fund 2023 1, Llc | Private Equity Fund | Delaware | $10.9M | 69 |
| B. Riley Private Shares 2023 2 Qc, Llc | Private Equity Fund | Delaware | $8.2M | 85 |
| B. Riley Private Shares Fund 2022 1, Llc | Private Equity Fund | Delaware | $3.7M | 56 |
| B. Riley Private Shares Fund 2022 1 Qp, Llc | Private Equity Fund | Delaware | $1.7M | 31 |
| Social Internet Fund I, Llc | Private Equity Fund | Delaware | $1.4M | 100 |
| Nam Special Situations Fund Vii, Llc | Private Equity Fund | Delaware | $58.2K | 9 |
| Nam Special Situations Fund Iii, Llc Magic Leap Series 1 | Private Equity Fund | Delaware | $0 | 97 |
People (6)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Charles Peter Hastings | Managing Member | Jul 2021 (5y) | Less than 5% | |
| Michael Anthony Mullen | Managing Member | Jul 2021 (5y) | Less than 5% | |
| Markunas, Michael | General Counsel | Oct 2021 (5y) | Less than 5% | |
| Philip Richard Zanone | Managing Member | Feb 2022 (5y) | Less than 5% | |
| Marcus Anthony Arneaud | Chief Compliance Officer | Aug 2022 (4y) | Less than 5% | |
| Thomas John Kelleher | Registered representative | Nov 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| B. Riley Wealth Management Holdings, Inc. | Parent Company | Jul 2021 | A | 75% or more |
| B. Riley Financial, Inc. | Parent | Apr 2021 | B | ≈ 42.19% – 100% via Br Financial Holdings, Llc |
| Br Financial Holdings, Llc | Parent | Apr 2021 | B | ≈ 56.25% – 100% via B. Riley Wealth Management Holdings, Inc. |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- B. Riley Financial, Inc.: 75% – 100% of Br Financial Holdings, Llc × 75% – 100% of B. Riley Wealth Management Holdings, Inc. × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Br Financial Holdings, Llc: 75% – 100% of B. Riley Wealth Management Holdings, Inc. × 75% – 100% direct ≈ 56.25% – 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.
Private funds (9, $297M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| B. Riley Private Shares 2023 2 Qp, Llc | Private Equity Fund | $249M | $50.0K | 312 |
| Nam Special Situations Fund I Qp, Llc Series F1 | Private Equity Fund | $22.8M | $25.0K | 156 |
| B. Riley Private Shares Fund 2023 1, Llc | Private Equity Fund | $10.9M | $25.0K | 69 |
| B. Riley Private Shares 2023 2 Qc, Llc | Private Equity Fund | $8.2M | $50.0K | 85 |
| B. Riley Private Shares Fund 2022 1, Llc | Private Equity Fund | $3.7M | $50.0K | 56 |
| B. Riley Private Shares Fund 2022 1 Qp, Llc | Private Equity Fund | $1.7M | $50.0K | 31 |
| Social Internet Fund I, Llc | Private Equity Fund | $1.4M | $100K | 100 |
| Nam Special Situations Fund Vii, Llc | Private Equity Fund | $58.2K | $25.0K | 9 |
| Nam Special Situations Fund Iii, Llc Magic Leap Series 1 | Private Equity Fund | $0 | $25.0K | 97 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 3.22 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
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) ↗