# Pinegrove Opportunity Partners, LLC

> Pinegrove Opportunity Partners, LLC is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2014, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 16, 2026.

- CRD: 170811
- Filed as: PINEGROVE OPPORTUNITY PARTNERS, LLC
- Legal name: Pinegrove Adviser LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: September 16, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/170811
- AdvisorCensus page: https://advisorcensus.com/firm/pinegrove-opportunity-partners-llc-san-francisco-ca-170811

## Quick answers

**How is Pinegrove Opportunity Partners, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Pinegrove Opportunity Partners, LLC 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.

**Where is Pinegrove Opportunity Partners, LLC located?**
Pinegrove Opportunity Partners, LLC's principal office is in San Francisco, CA, according to its Form ADV; the October 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Pinegrove Opportunity Partners, LLC registered with the SEC or a state?**
Pinegrove Opportunity Partners, LLC is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 170811.

**How much does Pinegrove Opportunity Partners, LLC manage?**
Pinegrove Opportunity Partners, LLC reports $2,929,344,404 in regulatory assets under management in its Form ADV filing dated September 16, 2026 (100% discretionary).

**How have Pinegrove Opportunity Partners, LLC's assets and staff changed since 2021?**
In the Form ADV data for Pinegrove Opportunity Partners, LLC: Regulatory assets under management: $1,047,890,107 in the October 2021 data and $2,929,344,404 in the October 2026 data, up 180%. Total employees: 849 in October 2021 and 17 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Pinegrove Opportunity Partners, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4); other (2).

**Does Pinegrove Opportunity Partners, LLC report any disciplinary disclosures?**
Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/170811

**What changed in Pinegrove Opportunity Partners, LLC's recent Form ADV filings?**
In the October 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $2,929,344,404
- Discretionary: $2,929,344,404
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $2,784,344,404 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 2 | $145,000,000 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Other

### Firm details
- Registered since: 2014 (12 years)
- Employees: 17 total, 12 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/170811

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Century City, CA
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- pinegrove.vc
- LinkedIn @pinegrovevp

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,047,890,107 | 849 | March 31, 2021 |
| October 2022 | $1,101,154,247 | 1,116 | March 31, 2022 |
| October 2023 | $801,016,891 | 1,179 | May 19, 2023 |
| October 2024 | $798,654,349 | 1,175 | May 9, 2024 |
| October 2025 | $816,009,083 | 1,219 | July 30, 2025 |
| October 2026 | $2,929,344,404 | 17 | September 16, 2026 |

Regulatory assets under management: $1,047,890,107 in the October 2021 data and $2,929,344,404 in the October 2026 data, up 180%.
Total employees: 849 in October 2021 and 17 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $2,046,636,318 to $2,929,344,404 (+43%).
- Added an office in Century City, CA.
- Added an office in New York, NY.
- No longer lists an office in Menlo Park, CA.

### January 2026
- Changed its legal name from Brookfield Asset MGMT Private Inst Capital Adviser (Credit), LLC to Pinegrove Adviser LLC.
- Employees performing advisory functions went from 1219 to 12.
- Regulatory assets under management went from $816,009,083 to $2,046,636,318 (+151%).
- No longer lists an office in Beijing.
- No longer lists an office in Calgary.
- No longer lists an office in Central.
- No longer lists an office in Chicago, IL.
- No longer lists an office in Cleveland, OH.
- No longer lists an office in Dubai.
- No longer lists an office in Frankfurt.
- No longer lists an office in Hamilton.
- No longer lists an office in Income at Raffles.
- No longer lists an office in London.
- No longer lists an office in Madrid.
- No longer lists an office in Mumbai.
- No longer lists an office in Perth.
- No longer lists an office in San Francisco, CA.
- No longer lists an office in Sao Paulo.
- No longer lists an office in Seoul.
- No longer lists an office in Shanghai.
- No longer lists an office in Sydney.
- No longer lists an office in Tokyo.
- No longer lists an office in Toronto.
- No longer lists an office in Washington, DC.
- No longer lists an office in Westlake Village, CA.
- No longer lists an office in Worthing.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Pinegrove Opportunity Partners, LLC (CRD 170811): Form ADV filing data as of October 2026.