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 XI FUND OF FUNDS, L.P.Private Equity Fund · Last reported Mar 30, 2026$632MGross asset value

Form D fundraising filings

Thrivent White Rose Fund XI Fund of Funds, LP

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
805-6525962983
Reported beneficial owners
14
Minimum commitment
$50K
Form D file number
021-301527

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, L.P.Private Equity Fund · Last reported Mar 30, 2026$599MGross asset value

Form D fundraising filings

Thrivent White Rose Endurance Fund, 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
805-7250370809
Reported beneficial owners
17
Minimum commitment
$100K
Form D file number
021-354903

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 IV, LPPrivate Equity Fund · Last reported Mar 30, 2026$512MGross asset value

Feeder funds

  • THRIVENT WHITE ROSE REAL ESTATE FUND IV, LP
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
805-5881535097
Reported beneficial owners
7
Minimum commitment
$5K
Form D file number
021-427670

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 XII EQUITY DIRECT, L.P.Private Equity Fund · Last reported Mar 30, 2026$460MGross asset value

Form D fundraising filings

Thrivent White Rose Fund XI 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
805-1497394367
Reported beneficial owners
27
Minimum commitment
$0
Form D file number
021-301523

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 X FUND OF FUNDS, L.P.Private Equity Fund · Last reported Mar 30, 2026$363MGross asset value

Form D fundraising filings

Thrivent White Rose Fund X 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
805-5853323937
Reported beneficial owners
10
Minimum commitment
$0
Form D file number
021-278581

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 II, L.P.Private Equity Fund · Last reported Mar 30, 2026$345MGross asset value

Form D fundraising filings

Thrivent White Rose Real Estate 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
805-2219169664
Reported beneficial owners
10
Minimum commitment
$50K
Form D file number
021-316954

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 III, L.P.Private Equity Fund · Last reported Mar 30, 2026$343MGross asset value

Form D fundraising filings

Thrivent White Rose Real Estate Fund III, 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
805-5655746474
Reported beneficial owners
9
Minimum commitment
$50K
Form D file number
021-368970

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.