{ "crd_number": 156543, "slug": "related-fund-management-llc-new-york-ny-156543", "primary_business_name": "RELATED FUND MANAGEMENT, LLC", "legal_name": "RELATED FUND MANAGEMENT, LLC", "dbas": [ "NYC SIG CRE23 GP, LLC (RELYING ADVISER)", "RDF IV GP, LLC (RELYING ADVISER)", "RDF WAM GP, LLC (RELYING ADVISER)", "RELATED OPPORTUNITIES CO-INVEST W GP, LLC", "RELATED REAL ESTATE FUND II (FEEDER) GP, L.P. (RELYING ADVISER)", "RELATED REAL ESTATE FUND II GP, L.P. (RELYING ADVISER)", "RELATED REAL ESTATE FUND III (JERSEY FEEDER) GP, LLC (RELYING ADVISER)", "RELATED REAL ESTATE FUND III GP, L.P. (RELYING ADVISER)", "RELATED REAL ESTATE FUND IV (JERSEY FEEDER) GP, LLC (RELYING ADVISER)", "RELATED REAL ESTATE FUND IV GP, L.P. (RELYING ADVISER)", "RELATED REAL ESTATE OPPORTUNITY ZONE PARTNERS GP III, LLC (RELYING ADVISER)", "RELATED REAL ESTATE OPPORTUNITY ZONE PARTNERS GP, LP (RELYING ADVISER)", "RELATED REAL ESTATE OPPORTUNITY ZONE PARTNERS II GP, LP (RELYING ADVISER)", "RELATED REAL ESTATE RECOVERY FUND GP (FEEDER) LIMITED (RELYING ADVISER)", "RELATED REAL ESTATE RECOVERY FUND GP, L.P. (RELYING ADVISER)", "RELATED UBC OPPORTUNITY FUND GP, LLC (RELYING ADVISER)", "RFM 2SM MANAGING MEMBER LLC (RELYING ADVISER)", "RFM AFFORDABLE HOUSING FUND GP, L.P. (RELYING ADVISER)", "RFM CHERRY STREET REIT GP LLC (RELYING ADVISER)", "RFM CRE GP, LLC (RELYING ADVISER)", "RFM ISQ CO-INVEST GP LLC (RELYING ADVISER)", "RFM LEAD SMA INVESTMENT MANAGER LLC (RELYING ADVISER)", "RFM-NYSCRF AFFORDABLE HOUSING FUND GP, LLC (RELYING ADVISER)", "RRED GP, LLC (RELYING ADVISER)" ], "city": "New York", "state": "NY", "country": "United States", "cbsa_code": "35620", "metro": { "cbsa_code": "35620", "common_name": "New York", "msa_name": "New York-Newark-Jersey City, NY-NJ", "path": "/advisors/ny/new-york" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2012-03-30", "years_registered": 14, "period": "2026-10-01", "filing_date": "2026-03-31", "carried_forward": false, "raum_total": 14022715669.0, "raum_discretionary": 12868039403.0, "raum_non_discretionary": 1154676266.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 69, "advisory_employees": 54, "client_count_bucket": null, "clients_by_type": { "other": { "raum": 37521537.0, "count": 1, "description": "MANAGED ACCOUNTS" }, "pooled_investment_vehicles": { "raum": 13985194132.0, "count": 40 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CA", "FL", "NY", "TX" ], "websites": [], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/156543", "city_as_filed": "NEW YORK", "url": "https://advisorcensus.com/firm/related-fund-management-llc-new-york-ny-156543", "display_name": "Related Fund Management, LLC", "summary": "Related Fund Management, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.", "citation": "AdvisorCensus. Related Fund Management, LLC (CRD 156543): 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 pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients" ], "quick_answers": [ { "q": "How is Related Fund Management, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Related Fund Management, 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." }, { "q": "Where is Related Fund Management, LLC located?", "a": "Related Fund Management, LLC's principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 3 other offices (Schedule D, Section 1.F)." }, { "q": "Is Related Fund Management, LLC registered with the SEC or a state?", "a": "Related Fund Management, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 156543." }, { "q": "How much does Related Fund Management, LLC manage?", "a": "Related Fund Management, LLC reports $14,022,715,669 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (92% discretionary)." }, { "q": "How have Related Fund Management, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Related Fund Management, LLC: Regulatory assets under management: $9,744,255,056 in the October 2021 data and $14,022,715,669 in the October 2026 data, up 44%. Total employees: 47 in October 2021 and 69 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Related Fund Management, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (40); other (1)." }, { "q": "Which custodians does Related Fund Management, LLC use?", "a": "Related Fund Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank of America as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Related Fund Management, LLC 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/156543" }, { "q": "What changed in Related Fund Management, LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: No longer lists the business name Related Energy Focused Real Estate Fund GP, LLC (Relying Adviser). No longer lists the business name Related Energy Focused Feeder GP, LLC (Relying Adviser). No longer lists the business name RFM KJ 2015 GP, LLC (Relying Adviser). No longer lists the business name Recs II GP, Ltd. (Relying Adviser). No longer lists the business name Recs II GP, LLC (Relying Adviser). Added the business name RFM-Nyscrf Affordable Housing Fund GP, LLC (Relying Adviser). Added the business name RFM 2SM Managing Member LLC (Relying Adviser). Added the business name RFM ISQ Co-Invest GP LLC (Relying Adviser). Employees performing advisory functions went from 52 to 54. Changed its office addresses in Dallas, TX." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 9744255056.0, "total_employees": 47, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 12031658422.0, "total_employees": 46, "filing_date": "2022-04-04" }, { "period": "2023-10-01", "regulatory_assets_under_management": 11450510346.0, "total_employees": 57, "filing_date": "2023-09-14" }, { "period": "2024-10-01", "regulatory_assets_under_management": 12827383381.0, "total_employees": 55, "filing_date": "2024-05-06" }, { "period": "2025-10-01", "regulatory_assets_under_management": 13360100086.0, "total_employees": 64, "filing_date": "2025-03-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 14022715669.0, "total_employees": 69, "filing_date": "2026-03-31" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "No longer lists the business name Related Energy Focused Real Estate Fund GP, LLC (Relying Adviser).", "No longer lists the business name Related Energy Focused Feeder GP, LLC (Relying Adviser).", "No longer lists the business name RFM KJ 2015 GP, LLC (Relying Adviser).", "No longer lists the business name Recs II GP, Ltd. (Relying Adviser).", "No longer lists the business name Recs II GP, LLC (Relying Adviser).", "Added the business name RFM-Nyscrf Affordable Housing Fund GP, LLC (Relying Adviser).", "Added the business name RFM 2SM Managing Member LLC (Relying Adviser).", "Added the business name RFM ISQ Co-Invest GP LLC (Relying Adviser).", "Employees performing advisory functions went from 52 to 54.", "Changed its office addresses in Dallas, TX." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Bank of America", "name_as_filed": "BANK OF AMERICA", "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/related-fund-management-llc-new-york-ny-156543.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 40, "fewer_than_5": false, "raum": 13985194132.0 }, { "type": "other", "label": "Other", "count": 1, "fewer_than_5": false, "raum": 37521537.0 } ], "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/156543", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }