{
  "crd_number": 141819,
  "slug": "ab-carval-investors-lp-minneapolis-mn-141819",
  "primary_business_name": "AB CARVAL INVESTORS, LP",
  "legal_name": "AB CARVAL INVESTORS, LP",
  "dbas": [],
  "city": "Minneapolis",
  "state": "MN",
  "country": "United States",
  "cbsa_code": "33460",
  "metro": {
    "cbsa_code": "33460",
    "common_name": "Minneapolis",
    "msa_name": "Minneapolis-St. Paul-Bloomington, MN-WI",
    "path": "/advisors/mn/minneapolis"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2010-10-27",
  "years_registered": 15,
  "period": "2026-10-01",
  "filing_date": "2026-09-25",
  "carried_forward": false,
  "raum_total": 18441989964.0,
  "raum_discretionary": 13786045242.0,
  "raum_non_discretionary": 4655944722.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 169,
  "advisory_employees": 74,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 4655944722.0,
      "count": 5,
      "description": "SEPARATELY MANAGED ACCOUNTS"
    },
    "investment_companies": {
      "raum": 413828506.0,
      "count": 1
    },
    "pooled_investment_vehicles": {
      "raum": 13372216736.0,
      "count": 63
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "MN"
  ],
  "websites": [
    "https://abcarval.com/us/en-us/investors/home.html",
    "https://linkedin.com/company/carval-investors"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/141819",
  "city_as_filed": "MINNEAPOLIS",
  "url": "https://advisorcensus.com/firm/ab-carval-investors-lp-minneapolis-mn-141819",
  "display_name": "AB Carval Investors, LP",
  "summary": "AB Carval Investors, LP is an SEC-registered investment advisory firm in Minneapolis, MN, registered since 2010, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 25, 2026.",
  "citation": "AdvisorCensus. AB Carval Investors, LP (CRD 141819): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is AB Carval Investors, LP compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), AB Carval Investors, LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is AB Carval Investors, LP located?",
      "a": "AB Carval Investors, LP's principal office is in Minneapolis, MN, according to its Form ADV; the October 2026 filing also lists 2 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is AB Carval Investors, LP registered with the SEC or a state?",
      "a": "AB Carval Investors, LP is an SEC-registered investment advisory firm, registered since 2010. Status as filed: Approved. CRD 141819."
    },
    {
      "q": "How much does AB Carval Investors, LP manage?",
      "a": "AB Carval Investors, LP reports $18,441,989,964 in regulatory assets under management in its Form ADV filing dated September 25, 2026 (75% discretionary)."
    },
    {
      "q": "How have AB Carval Investors, LP's assets and staff changed since 2021?",
      "a": "In the Form ADV data for AB Carval Investors, LP: Regulatory assets under management: $17,728,189,603 in the October 2021 data and $18,441,989,964 in the October 2026 data, up 4%. Total employees: 185 in October 2021 and 169 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does AB Carval Investors, LP serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (63); other (5); investment companies (1)."
    },
    {
      "q": "Which custodians does AB Carval Investors, LP use?",
      "a": "AB Carval Investors, LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists JP Morgan Chase Bank and The Northern Trust Company as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does AB Carval Investors, LP report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/141819"
    },
    {
      "q": "What changed in AB Carval Investors, LP's recent Form ADV filings?",
      "a": "In the October 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 17728189603.0,
      "total_employees": 185,
      "filing_date": "2021-07-21"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 18531082785.0,
      "total_employees": 191,
      "filing_date": "2022-07-29"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 19601734197.0,
      "total_employees": 203,
      "filing_date": "2023-08-11"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 20428486178.0,
      "total_employees": 205,
      "filing_date": "2024-08-08"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 16770595544.0,
      "total_employees": 186,
      "filing_date": "2025-05-29"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 18441989964.0,
      "total_employees": 169,
      "filing_date": "2026-09-25"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 72 to 74.",
        "No longer lists an office in Singapore."
      ]
    },
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "JP Morgan Chase Bank",
      "name_as_filed": "JP MORGAN CHASE BANK",
      "affiliated": false
    },
    {
      "name": "The Northern Trust Company",
      "name_as_filed": "THE NORTHERN TRUST COMPANY",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/ab-carval-investors-lp-minneapolis-mn-141819.md",
  "clients": [
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 413828506.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 63,
      "fewer_than_5": false,
      "raum": 13372216736.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 5,
      "fewer_than_5": false,
      "raum": 4655944722.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/141819",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}