Private fund adviser · Chicago, IL
Klaff Realty, LP
SEC-registered investment adviser · CRD 265787 · SEC 801-106657
At a glance
Klaff Realty, LP is an SEC-registered investment adviser based in Chicago, Illinois, with $275 million in regulatory assets under management as of its Form ADV filed March 31, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 3,708th of 4,686 private fund advisers and 10,621st of 17,210 SEC-registered advisers by assets.
Main office 312-360-1234klaffrealty.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $275M
- Rank among private fund advisers
- #3,708 of 4,686
- Rank among all SEC RIAs
- #10,621 of 17,210
- Rank in Illinois
- #479 of 684
- Clients
- 8
- Accounts
- 8
- Discretionary
- 100% of AUM
- Employees
- 10
- Advisory staff
- 2
- Offices
- 1
Owners and executives on its Form ADV
- Hersch M. KlaffPresident & Treasurer
- Ryan C. LevyVice President
- Rita L. SawyerCFO and CCO
Custody and brokerage
Custodian
Klaff Realty, LP’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 | 8 | $275M | 100% |
Private funds
Klaff Realty, LP reports 7 private funds with $239M in gross assets: private equity funds, real estate funds (Form ADV Item 7.B).
Disciplinary disclosures
Klaff Realty, LP 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
- Fixed fees
- Performance-based fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗klaffrealty.com ↗
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The full record on Klaff Realty, LP
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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- Owners and executives, with titles and stakes
- 3 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 Klaff Realty, LP manage?
Klaff Realty, LP reports $275 million in regulatory assets under management across 8 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 31, 2026.
What kind of firm is Klaff Realty, LP?
Klaff Realty, LP is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Klaff Realty, LP’s clients?
By assets, its largest client types are pooled investment vehicles ($275 million, 8 clients).
Does Klaff Realty, LP manage private funds?
Yes. It reports 7 private funds with $239 million in gross assets, including private equity funds, real estate funds.
Does Klaff Realty, LP have any disciplinary history?
Klaff Realty, LP 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 Klaff Realty, LP’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 (2026-03-31), 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 →