Private fund adviser · LOS Angeles, CA
Balmoral Management II L.P.
SEC-registered investment adviser · CRD 164956 · SEC 801-77680
At a glance
Balmoral Management II L.P. is an SEC-registered investment adviser based in LOS Angeles, California, with $974 million in regulatory assets under management as of its Form ADV filed April 30, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 2,331st of 4,686 private fund advisers and 5,456th of 17,210 SEC-registered advisers by assets.
Main office 310-473-3065balmoralfunds.comAs filed on Form ADV
- Regulatory AUM
- $974M
- Rank among private fund advisers
- #2,331 of 4,686
- Rank among all SEC RIAs
- #5,456 of 17,210
- Rank in California
- #633 of 1,873
- Clients
- 3
- Accounts
- 3
- Discretionary
- 100% of AUM
- Employees
- 16
- Advisory staff
- 13
- Offices
- 1
Owners and executives on its Form ADV
- Rafael AstrucLimited Partner
- Luke D. MauChief Compliance Officer & Chief Financial Officer
- Jonathan A. VictorLimited Partner & Senior Managing Director
- Samuel M. VictorLimited Partner
- Robin S. NourmandLimited Partner & Managing Director
Custody and brokerage
Custodian
Balmoral Management II L.P.’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 3 | $974M | 100% |
Private funds
Balmoral Management II L.P. reports 5 private funds with $974M in gross assets: private equity funds (Form ADV Item 7.B).
Disciplinary disclosures
Balmoral Management II L.P. reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for pooled investment vehicles
How it’s paid
- A percentage of assets under management
- Performance-based fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗balmoralfunds.com ↗
AtlasMembers
The full record on Balmoral Management II L.P.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 2,182 peers of its type and size
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- Owners and executives, with titles and stakes
- 5 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does Balmoral Management II L.P. manage?
Balmoral Management II L.P. reports $974 million in regulatory assets under management across 3 accounts, 100% of it on a discretionary basis, on its Form ADV filed April 30, 2026.
What kind of firm is Balmoral Management II L.P.?
Balmoral Management II L.P. is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Balmoral Management II L.P.’s clients?
By assets, its largest client types are pooled investment vehicles ($974 million, 3 clients).
Does Balmoral Management II L.P. manage private funds?
Yes. It reports 5 private funds with $974 million in gross assets, including private equity funds.
Does Balmoral Management II L.P. have any disciplinary history?
Balmoral Management II L.P. reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Balmoral Management II L.P.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-04-30), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →