Private fund adviser · Chicago, IL
Project Level Management Company, LLC
SEC-registered investment adviser · CRD 335704 · SEC 801-132839
At a glance
Project Level Management Company, LLC is an SEC-registered investment adviser based in Chicago, Illinois, with $294 million in regulatory assets under management as of its Form ADV filed August 10, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 3,620th of 4,686 private fund advisers and 10,268th of 17,210 SEC-registered advisers by assets.
Main office 312-726-0140projectlevel.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $294M
- Rank among private fund advisers
- #3,620 of 4,686
- Rank among all SEC RIAs
- #10,268 of 17,210
- Rank in Illinois
- #458 of 684
- Clients
- 4
- Accounts
- 4
- Discretionary
- 100% of AUM
- Employees
- 50
- Advisory staff
- 8
- Offices
- 3
Owners and executives on its Form ADV
- Mellody L. Hobson LucasChairwoman
- Carlos E. CalderonSenior Vice President, Chief Financial Officer
- Emma L. Rodriguez-AyalaChief Administrative Officer & Board Secretary
- Jason G. WrightManaging Partner, Head of Investments
- Anthony D. RomeroDirector
- Beth A. BrookeDirector
- Stephen C MillsDirector
- Cynthia G MarshallDirector
- Pascale M. ThomasGeneral Counsel & Chief Compliance Officer
Custody and brokerage
Custodian
Project Level Management Company, LLC’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
Project Level Management Company, LLC is a hybrid RIA: 12 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Ariel Distributors, LLC.
- Ariel Distributors, LLC ↗CRD 38333
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, February 2026
Its Form ADV brochure (filed April 2026) names Ariel Distributors as the broker-dealer its advisers are registered with.
vised persons (including certain persons who are registered representatives of Ariel Distributors) receive incentive compensation from Project Level based upon their sales or institutional business development efforts that increase assets
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 4 | $294M | 100% |
Private funds
Project Level Management Company, LLC reports 4 private funds with $294M in gross assets: private equity funds (Form ADV Item 7.B).
Disciplinary disclosures
Project Level Management Company, LLC 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
Form ADV and brochures on the SEC’s adviser search ↗projectlevel.com ↗
AtlasMembers
The full record on Project Level Management Company, 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, 1 years of filings
- Locked
- Growth over one, three and five years
- Locked
- Rank against 2,041 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 9 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 7Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Project Level Management Company, LLC manage?
Project Level Management Company, LLC reports $294 million in regulatory assets under management across 4 accounts, 100% of it on a discretionary basis, on its Form ADV filed August 10, 2026.
What kind of firm is Project Level Management Company, LLC?
Project Level Management Company, LLC is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Project Level Management Company, LLC’s clients?
By assets, its largest client types are pooled investment vehicles ($294 million, 4 clients).
Does Project Level Management Company, LLC manage private funds?
Yes. It reports 4 private funds with $294 million in gross assets, including private equity funds.
Does Project Level Management Company, LLC have any disciplinary history?
Project Level Management Company, 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 Project Level Management Company, 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 (2026-08-10), 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 →