AdvisorCensus / Financial advisors / Minnesota / Minneapolis / Thrivent Private Investments
Thrivent Private Investments
Filed as THRIVENT PRIVATE INVESTMENTS · Legal name Thrivent Investment Capital Advisors, LLC
Thrivent Private Investments is an SEC-registered investment advisory firm in Minneapolis, MN, registered since 2025, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.
Quick answers
From the filingHow is Thrivent Private Investments compensated?
On its Form ADV (Item 5.E, October 2026), Thrivent Private Investments reports these compensation arrangements: a percentage of assets under its management; performance-based fees.
Where is Thrivent Private Investments located?
Thrivent Private Investments' principal office is in Minneapolis, MN, according to its Form ADV; the February 2026 filing also lists 1 other office (Schedule D, Section 1.F).
Is Thrivent Private Investments registered with the SEC or a state?
Thrivent Private Investments is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 338378.
How much does Thrivent Private Investments manage?
Thrivent Private Investments reports $22,781,793,218 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).
What types of clients does Thrivent Private Investments serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (47).
Does Thrivent Private Investments 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/338378
What changed in Thrivent Private Investments' recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $15,576,234,617 to $22,781,793,218 (+46%). No longer lists an office in Appleton, WI.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2ASee the firm's brochure (dated March 30, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$22,781,793,218 as of October 2026, filing dated March 30, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for pooled investment vehicles (other than investment companies)
Registration and firm details
Items 1, 2, 5- Legal name
- Thrivent Investment Capital Advisors, LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2025 (1 year)
- Employees
- Total: 66. Performing investment advisory functions: 24.
- Wrap fee program participation
- No.
- Other offices (Schedule D, Section 1.F)
-
1 other office, as of the February 2026 filing
- States registered or notice-filed
-
2 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Changes in the filing
Last 12 months- April 2026
- Regulatory assets under management went from $15,576,234,617 to $22,781,793,218 (+46%).
- No longer lists an office in Appleton, WI.
- February 2026
- Updated its list of owners and control persons (Schedule A).
- December 2025
- Newly registered with the SEC.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Thrivent Private Investments (CRD 338378): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/thrivent-private-investments-minneapolis-mn-338378