Private fund adviser · Louisville, KY
PNC Real Estate
PNC TC, LLC · SEC-registered investment adviser · CRD 172753 · SEC 801-80546
At a glance
PNC Real Estate is an SEC-registered investment adviser based in Louisville, Kentucky, with $3.6 billion in regulatory assets under management as of its Form ADV filed June 8, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 1,201st of 4,686 private fund advisers and 2,571st of 17,210 SEC-registered advisers by assets.
Main office 913-253-9150As filed on Form ADV
- Regulatory AUM
- $3.6B
- Rank among private fund advisers
- #1,201 of 4,686
- Rank among all SEC RIAs
- #2,571 of 17,210
- Rank in Kentucky
- #6 of 85
- Clients
- 72
- Accounts
- 72
- Discretionary
- 100% of AUM
- Employees
- 186
- Advisory staff
- 186
- Offices
- 6
Owners and executives on its Form ADV
- Todd J. CrowPresident and Director
- John N. NunneryVice President and Treasurer
- Rachelle V. HesterleeSenior Vice President and Director
- Megan A. RyanSenior Vice President and Director
- Mary P. PumphreyChief Compliance Officer
Custody and brokerage
Custodian
PNC Real Estate’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Broker-dealer
Hybrid RIA
PNC Real Estate is a hybrid RIA: 9 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: PNC Capital Markets LLC and PNC Wealth Management.
- PNC Capital Markets LLC ↗CRD 15647
- PNC Wealth Management ↗CRD 129052
Its Form ADV brochure (filed March 2026) names PNC Capital Markets as the broker-dealer its advisers are registered with.
Certain of the Firm’s management personnel are registered representatives of PNC Capital Markets, LLC, a registered broker -dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 72 | $3.6B | 100% |
Private funds
PNC Real Estate reports 8 private funds with $349M in gross assets: private equity funds (Form ADV Item 7.B).
Disciplinary disclosures
PNC Real Estate answers yes to 8 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for pooled investment vehicles
How it’s paid
- Other
Form ADV and brochures on the SEC’s adviser search ↗
AtlasMembers
The full record on PNC Real Estate
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
- Locked
- Growth over one, three and five years
- Locked
- Rank against 1,553 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 5 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 2Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does PNC Real Estate manage?
PNC Real Estate reports $3.6 billion in regulatory assets under management across 72 accounts, 100% of it on a discretionary basis, on its Form ADV filed June 8, 2026.
What kind of firm is PNC Real Estate?
PNC Real Estate is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets. It reports a bank or thrift among its related persons. A public reporting company controls it.
Who are PNC Real Estate’s clients?
By assets, its largest client types are pooled investment vehicles ($3.6 billion, 72 clients).
Does PNC Real Estate manage private funds?
Yes. It reports 8 private funds with $349 million in gross assets, including private equity funds.
Does PNC Real Estate have any disciplinary history?
PNC Real Estate answers yes to 8 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is PNC Real Estate’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 (2026-06-08), 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 →