Borderless Management Llc
- Regulatory AUM
- $345M
- Discretionary
- $333M
- Clients
- 20
- Avg AUM / client
- $17.3M
- Accounts
- 20
- Employees
- 24
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 19 | $333M | 96.4% |
| Corporations and other businesses | 1 | $12.3M | 3.56% |
Private funds (8)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $310M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Borderless Algo Fund I Lp master | Private Equity Fund | British Virgin Islands | $218M | 18 |
| Borderless Edgefi Fund Ii Lp master | Private Equity Fund | British Virgin Islands | $29.6M | 40 |
| Borderless Multi Strategy Fund V Lp master | Hedge Fund | British Virgin Islands | $21.1M | 13 |
| Borderless Algo Fund Ii Lp master | Private Equity Fund | British Virgin Islands | $16.1M | 10 |
| Borderless Cross Chain Ecosystem Fund Lp master | Private Equity Fund | British Virgin Islands | $12.0M | 23 |
| Borderless Edgefi Fund I Llc | Private Equity Fund | Delaware | $5.7M | 21 |
| Borderless Planets Fund Llc | Private Equity Fund | Delaware | $4.2M | 34 |
| Hnt Multi Strategy Fund I Corp. | Private Equity Fund | Panama | $3.6M | 23 |
People (3)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Murugan, Arul | Manager | Oct 2016 (10y) | ≈ 14.06% – 56.25% via Akasha Trust | |
| Palani, Kavitha | Trustee | Nov 2016 (10y) | ≈ 14.06% – 56.25% via Akasha Trust | |
| Garcia, David, Elias Horacio | Chief Compliance Officer | Oct 2018 (8y) | ≈ 28.13% – 75% via Dg Global Ventures Llc |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Borderless Group Llc | Managing Member | Oct 2018 | A | 75% or more |
| Akasha Trust | Member | Oct 2016 | B | ≈ 28.13% – 75% via Eleven Eleven Investments Llc |
| Dg Global Ventures Llc | Member | Oct 2018 | B | ≈ 37.5% – 75% via Borderless Group Llc |
| Eleven Eleven Investments Llc | Member | Oct 2018 | B | ≈ 37.5% – 75% via Borderless Group Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Murugan, Arul: 50% – 75% of Akasha Trust × 75% – 100% of Eleven Eleven Investments Llc × 50% – 75% of Borderless Group Llc × 75% – 100% direct ≈ 14.06% – 56.25% of the firm
- Palani, Kavitha: 50% – 75% of Akasha Trust × 75% – 100% of Eleven Eleven Investments Llc × 50% – 75% of Borderless Group Llc × 75% – 100% direct ≈ 14.06% – 56.25% of the firm
- Garcia, David, Elias Horacio: 75% – 100% of Dg Global Ventures Llc × 50% – 75% of Borderless Group Llc × 75% – 100% direct ≈ 28.13% – 75% of the firm
- Akasha Trust: 75% – 100% of Eleven Eleven Investments Llc × 50% – 75% of Borderless Group Llc × 75% – 100% direct ≈ 28.13% – 75% of the firm
- Dg Global Ventures Llc: 50% – 75% of Borderless Group Llc × 75% – 100% direct ≈ 37.5% – 75% of the firm
- Eleven Eleven Investments Llc: 50% – 75% of Borderless Group Llc × 75% – 100% direct ≈ 37.5% – 75% 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 (8, $310M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Borderless Algo Fund I Lp | Private Equity Fund | $218M | $300K | 18 |
| Borderless Edgefi Fund Ii Lp | Private Equity Fund | $29.6M | $50.0K | 40 |
| Borderless Multi Strategy Fund V Lp | Hedge Fund | $21.1M | $100K | 13 |
| Borderless Algo Fund Ii Lp | Private Equity Fund | $16.1M | $125K | 10 |
| Borderless Cross Chain Ecosystem Fund Lp | Private Equity Fund | $12.0M | $50.0K | 23 |
| Borderless Edgefi Fund I Llc | Private Equity Fund | $5.7M | $25.0K | 21 |
| Borderless Planets Fund Llc | Private Equity Fund | $4.2M | $50.0K | 34 |
| Hnt Multi Strategy Fund I Corp. | Private Equity Fund | $3.6M | $25.0K | 23 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 2.9 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
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: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗