Investment adviser · CRD 105307
CLEARWATER MANAGEMENT CO., INC.
Investment adviser filing (IA)
ST PAUL, MN, United States · Form ADV filed Mar 17, 2026
- Regulatory AUM
- $4.68B Form ADV · Item 5.F
- Client accounts
- 13 Accounts, not individual clients
- Employees
- 1 Reported in this filing
- Advisory professionals
- 1 Investment advisory functions
Who they report serving
Form ADV · Item 5.DClient types and their share of reported regulatory assets.
| Client type | Clients | Regulatory assets | Share of AUM |
|---|---|---|---|
| Investment companies | 4 | $3,900,605,254 | 83.3% |
| Pooled investment vehicles | 9 | $781,314,607 | 16.7% |
Filing source
Form ADV 2043113 · Mar 17, 2026 · Item 5.D
Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.
Private funds & service providers
10 Private fundsThe count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.
CLEARWATER PRIVATE OPPORTUNITY FUND III, LLLPPrivate Equity Fund · Last reported Mar 17, 2026$14.3MGross asset value
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- Yes
KPMG LLP
PCAOB 185
FIDUCIARY COUNSELLING INC
CRD 104753 · SEC 801-4158
Fund details & source
- Fund ID
- 805-2254422623
- Reported beneficial owners
- 82
- Minimum commitment
- $300K
- Form D file number
- 021-122104
Form ADV 2043113 · Mar 17, 2026 · Schedule D 7.B.(1)
Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.
CLEARWATER PRIVATE OPPORTUNITY FUND II, LLLPPrivate Equity Fund · Last reported Mar 24, 2017$55.7MGross asset value
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- Yes
FIDUCIARY COUNSELLING INC
CRD 104753 · SEC 801-4158
Fund details & source
- Fund ID
- 805-2754635284
- Reported beneficial owners
- 82
- Minimum commitment
- $300K
- Form D file number
- 021-77117
Form ADV 1062028 · Mar 24, 2017 · Schedule D 7.B.(1)
Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.
CLEARWATER PRIVATE OPPORTUNITY FUND, LPPrivate Equity Fund · Last reported Mar 24, 2017$10.3MGross asset value
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- Yes
FIDUCIARY COUNSELLING INC
CRD 104753 · SEC 801-4158
Fund details & source
- Fund ID
- 805-6358027809
- Reported beneficial owners
- 48
- Minimum commitment
- $300K
- Form D file number
- 021-40498
Form ADV 1062028 · Mar 24, 2017 · Schedule D 7.B.(1)
Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.
Services & filing details
Most recent filing: Mar 17, 2026. View historical filings
Reported services
Investment company portfolio management · Pooled investment vehicle management · Selection of other advisers
Compensation
Percentage of assets
Principal office
30 EAST 7TH STREET, SUITE 2000ST PAUL, MN, 55101, United States
CRD 105307
Filing source
Form ADV 2043113 · Mar 17, 2026 · Items 1 & 5
Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.