Investment adviser · CRD 338378

THRIVENT PRIVATE INVESTMENTS

Investment adviser filing (IA)

THRIVENT INVESTMENT CAPITAL ADVISORS, LLC

MINNEAPOLIS, MN, United States · Form ADV filed Mar 30, 2026

Regulatory AUM
$22.8B
Form ADV · Item 5.F
Client accounts
47
Accounts, not individual clients
Employees
66
Reported in this filing
Advisory professionals
24
Investment advisory functions

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Pooled investment vehicles47$22,781,793,218100.0%
Filing source

Form ADV 2046697 · Mar 30, 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

37 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

THRIVENT WHITE ROSE FUND XVI FUND OF FUNDS LPPrivate Equity Fund · Last reported Mar 30, 2026$2BGross asset value

Form D fundraising filings

Thrivent White Rose Fund XVI Fund of Funds, L.P.

Feeder funds

  • THRIVENT WHITE ROSE FEEDER XVI FUND OF FUNDS LLC
Fund administrator GEN II FUND SERVICES, LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor PRICEWATERHOUSECOOPERS LLP MINNEAPOLIS, Minnesota, United States
Custodian UMB BANK N.A. KANSAS CITY, Missouri, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

Fund details & source
Fund ID
805-5429506330
Reported beneficial owners
16
Minimum commitment
$100K
Form D file number
021-560495

Form ADV 2046697 · Mar 30, 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.

THRIVENT WHITE ROSE FUND XIV FUND OF FUNDS, L.P.Private Equity Fund · Last reported Mar 30, 2026$1.43BGross asset value

Form D fundraising filings

Thrivent White Rose Fund XIV Fund of Funds, L.P.

Fund administrator GEN II FUND SERVICES, LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor PRICEWATERHOUSECOOPERS LLP MINNEAPOLIS, Minnesota, United States
Custodian UMB BANK N.A. KANSAS CITY, Missouri, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

Fund details & source
Fund ID
805-7047076159
Reported beneficial owners
16
Minimum commitment
$50K
Form D file number
021-387372

Form ADV 2046697 · Mar 30, 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.

BADGER FBN 2025, LLCPrivate Equity Fund · Last reported Mar 30, 2026$1.3BGross asset value

Feeder funds

  • BADGER FBN 2025 HOLDINGS, LLC
  • BADGER FBN 2025 HOLDINGS, LLC
Fund administrator THE BANK OF NEW YORK MELLON TRUST CORPORATION HOUSTON, Texas, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor PRICEWATERHOUSECOOPERS LLP MINNEAPOLIS, Minnesota, United States
Custodian THE BANK OF NEW YORK MELLON TRUST CORPORATION HOUSTON, Texas, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

Fund details & source
Fund ID
805-6450531960
Reported beneficial owners
1
Minimum commitment
$0

Form ADV 2046697 · Mar 30, 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.

THRIVENT WHITE ROSE REAL ESTATE FUND VI, L.P.Private Equity Fund · Last reported Mar 30, 2026$1.25BGross asset value

Form D fundraising filings

Thrivent White Rose Real Estate Fund VI, L.P.

Feeder funds

  • THRIVENT WHITE ROSE REAL ESTATE FEEDER VI, LLC
Fund administrator GEN II FUND SERVICES, LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor PRICEWATERHOUSECOOPERS LLP MINNEAPOLIS, Minnesota, United States
Custodian UMB BANK N.A. KANSAS CITY, Missouri, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

Fund details & source
Fund ID
805-8232357643
Reported beneficial owners
6
Minimum commitment
$100K
Form D file number
021-560498

Form ADV 2046697 · Mar 30, 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.

THRIVENT WHITE ROSE FUND XV EQUITY DIRECT LPPrivate Equity Fund · Last reported Mar 30, 2026$942MGross asset value

Feeder funds

Fund administrator GEN II FUND SERVICES, LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor PRICEWATERHOUSECOOPERS LLP MINNEAPOLIS, Minnesota, United States
Custodian UMB BANK N.A. KANSAS CITY, Missouri, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

Fund details & source
Fund ID
805-9497919922
Reported beneficial owners
24
Minimum commitment
$50K
Form D file number
021-465738

Form ADV 2046697 · Mar 30, 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.

THRIVENT WHITE ROSE FUND XIV EQUITY DIRECT, L.P.Private Equity Fund · Last reported Mar 30, 2026$933MGross asset value

Form D fundraising filings

Thrivent White Rose Fund XIV Equity Direct, L.P.

Fund administrator GEN II FUND SERVICES, LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor PRICEWATERHOUSECOOPERS LLP MINNEAPOLIS, Minnesota, United States
Custodian UMB BANK N.A. KANSAS CITY, Missouri, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

Fund details & source
Fund ID
805-7471716110
Reported beneficial owners
25
Minimum commitment
$20K
Form D file number
021-425991

Form ADV 2046697 · Mar 30, 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.

THRIVENT WHITE ROSE ENDURANCE FUND II, L.P.Private Equity Fund · Last reported Mar 30, 2026$904MGross asset value

Form D fundraising filings

Thrivent White Rose Endurance Fund II, L.P.

Fund administrator GEN II FUND SERVICES, LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor PRICEWATERHOUSECOOPERS LLP MINNEAPOLIS, Minnesota, United States
Custodian UMB BANK N.A. KANSAS CITY, Missouri, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

Fund details & source
Fund ID
805-4950357360
Reported beneficial owners
16
Minimum commitment
$100K
Form D file number
021-387374

Form ADV 2046697 · Mar 30, 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.

Services & filing details

Most recent filing: Mar 30, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

901 MARQUETTE AVENUE, SUITE 2500
MINNEAPOLIS, MN, 55402-3211, United States

CRD 338378

Filing source

Form ADV 2046697 · Mar 30, 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.