Private fund adviser · Bellevue, WA
Cercano Management LLC
SEC-registered investment adviser · CRD 315897 · SEC 801-122903
At a glance
Cercano Management LLC is an SEC-registered investment adviser based in Bellevue, Washington, with $7.3 billion in regulatory assets under management as of its Form ADV filed September 8, 2026. Its largest client group by assets is pooled investment vehicles, and it reports 6 individual clients. By Form ADV it is a private fund adviser, ranked 752nd of 4,686 private fund advisers and 1,650th of 17,210 SEC-registered advisers by assets.
Main office 425-371-7500cercanolp.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $7.3B
- Rank among private fund advisers
- #752 of 4,686
- Rank among all SEC RIAs
- #1,650 of 17,210
- Rank in Washington
- #18 of 271
- Individual clients
- 6
- High-net-worth clients
- 6
- Accounts
- 48
- Discretionary
- 97% of AUM
- Employees
- 62
- Advisory staff
- 25
- Offices
- 2
Owners and executives on its Form ADV
- Albert F. HwangExec VP and Management Committee Member
- Christopher N. OrndorffPresident, Management Committee Member
- Yongbai ChoiExec VP and Management Committee Member
- Joel W. ShoopChief Financial Officer
- Malinda M. KhauvChief Compliance Officer
- Patricia A. HalperCo-Chief Investment Officer
Custody and brokerage
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 27 | $6.3B | 86% |
| High-net-worth individuals | 6 | $590M | 8% |
| Corporations or other businesses | – | $403M | 6% |
| Charitable organizations | – | $0M | <1% |
Private funds
Cercano Management LLC reports 29 private funds with $6.8B in gross assets: hedge funds, private equity funds, venture capital funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Cercano Management LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗cercanolp.com ↗
AtlasMembers
The full record on Cercano Management LLC
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, 3 years of filings
- Locked
- Growth over one, three and five years
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- Rank against 1,159 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 6 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 9Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Cercano Management LLC manage?
Cercano Management LLC reports $7.3 billion in regulatory assets under management across 48 accounts, 97% of it on a discretionary basis, on its Form ADV filed September 8, 2026.
What kind of firm is Cercano Management LLC?
Cercano Management LLC is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Cercano Management LLC’s clients?
By assets, its largest client types are pooled investment vehicles ($6.3 billion, 27 clients); high-net-worth individuals ($590 million, 6 clients); corporations or other businesses ($403 million).
Does Cercano Management LLC manage private funds?
Yes. It reports 29 private funds with $6.8 billion in gross assets, including hedge funds, private equity funds, venture capital funds, other private funds.
Does Cercano Management LLC have any disciplinary history?
Cercano Management LLC 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 Cercano Management LLC’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 (2026-09-08), 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 →