# Sterling Fund Management, LLC

> Sterling Fund Management, LLC is an SEC-registered investment advisory firm in Chicago, IL, registered since 2012, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 160338
- Filed as: STERLING FUND MANAGEMENT, LLC
- Also doing business as: STERLING PARTNERS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/160338
- AdvisorCensus page: https://advisorcensus.com/firm/sterling-fund-management-llc-chicago-il-160338

## Quick answers

**How is Sterling Fund Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Sterling 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.

**Where is Sterling Fund Management, LLC located?**
Sterling Fund Management, LLC's principal office is in Chicago, IL, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Sterling Fund Management, LLC registered with the SEC or a state?**
Sterling Fund Management, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 160338.

**How much does Sterling Fund Management, LLC manage?**
Sterling Fund Management, LLC reports $461,646,186 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Sterling Fund Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Sterling Fund Management, LLC: Regulatory assets under management: $1,752,121,718 in the October 2021 data and $461,646,186 in the October 2026 data, down 74%. Total employees: 38 in October 2021 and 30 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Sterling Fund Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (9).

**Does Sterling Fund Management, LLC report any disciplinary disclosures?**
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/160338

**What changed in Sterling Fund Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 10 to 11. Regulatory assets under management went from $351,864,324 to $461,646,186 (+31%). Added an office in Columbia, MD. No longer lists an office in Baltimore, MD.

## 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: $461,646,186
- Discretionary: $461,646,186
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 9 | $461,646,186 |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 30 total, 11 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL, MD
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Columbia, MD

### Websites listed on Form ADV (Item 1.I)
- sterlingpartners.com
- LinkedIn @35470

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,752,121,718 | 38 | March 31, 2021 |
| October 2022 | $1,542,334,105 | 44 | September 19, 2022 |
| October 2023 | $1,128,277,476 | 43 | September 17, 2023 |
| October 2024 | $1,091,384,324 | 43 | March 29, 2024 |
| October 2025 | $351,864,324 | 31 | May 2, 2025 |
| October 2026 | $461,646,186 | 30 | March 31, 2026 |

Regulatory assets under management: $1,752,121,718 in the October 2021 data and $461,646,186 in the October 2026 data, down 74%.
Total employees: 38 in October 2021 and 30 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 10 to 11.
- Regulatory assets under management went from $351,864,324 to $461,646,186 (+31%).
- Added an office in Columbia, MD.
- No longer lists an office in Baltimore, MD.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Sterling Fund Management, LLC (CRD 160338): Form ADV filing data as of October 2026.