Data / Investment advisers / Minnesota / Deepwater Asset Management, LLC
Deepwater Asset Management, LLC, Minneapolis, MN: $567 million AUM, SEC registered investment adviser
Updated November 7, 2026. Source: the SEC's Form ADV data files for investment advisers.
Deepwater Asset Management, LLC is an SEC registered investment adviser with its main office in Minneapolis, Minnesota and reports $567 million in regulatory assets under management in its Form ADV filed August 12, 2026. Its clients include pooled investment vehicles and investment companies. It is paid through a percentage of assets under management and performance based fees. It advises 10 private funds.
The request: Watch Deepwater Asset Management, LLC (CRD number 316507): each new Form ADV amendment, with AUM, clients and private funds. $10 of work on sign-up, no card.
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- Registration
- SEC registered investment adviser
- CRD number
- 316507
- SEC file number
- 801-126301
- SEC status
- Approved, effective July 29, 2022
- Main office
- 21 N. Third St. #250, Minneapolis, MN 55401
- Phone
- (612) 424-1393
- Regulatory AUM
- $566,534,308 in the Form ADV filed August 12, 2026
- Discretionary AUM
- $566,534,308
- Accounts
- 11
- Employees
- 9, of which 5 give investment advice
- Form of organization
- Limited Liability Company
- Paid through
- a percentage of assets under management, performance based fees
- Private funds
- 10: 8 venture capital funds, 2 hedge funds
- Gross assets of private funds
- $314,204,964
- Other offices
- 2
- Form ADV Item 11 disclosures
- None reported
- Latest Form ADV filing
- August 12, 2026
- SEC record
- Investment Adviser Public Disclosure
Clients
Client types the adviser reports in Form ADV item 5.D, with the AUM it attributes to each.
| Client type | Clients | AUM |
|---|---|---|
| Pooled investment vehicles | 10 | $335 million |
| Investment companies | 1 | $231.5 million |
AUM in the SEC's monthly files
Each change in the AUM the adviser reported across the monthly SEC files held here, with the first file that shows the new value.
| First in the file of | AUM | Form ADV filed |
|---|---|---|
| September 1, 2026 | $566.5 million | August 12, 2026 |
| April 1, 2026 | $626.7 million | March 20, 2026 |
| December 1, 2025 | $457.7 million | November 5, 2025 |
Other advisers in Minneapolis
| Adviser | City | AUM | Private funds | Source |
|---|---|---|---|---|
| Schwarz Dygos Wheeler Investment Advisors LLC | Minneapolis | $730.4 million | Not listed | adviserinfo.sec.gov |
| Summit Creek Advisors | Minneapolis | $650.9 million | Not listed | adviserinfo.sec.gov |
| White Oaks Wealth Advisors, Inc. | Minneapolis | $618.3 million | Not listed | adviserinfo.sec.gov |
| Allodium Investment Consultants, LLC | Minneapolis | $576.8 million | Not listed | adviserinfo.sec.gov |
| Northern Lakes Capital, L.P. | Minneapolis | $575.4 million | 7 | adviserinfo.sec.gov |
| Nicollet Investment Management, Inc. | Minneapolis | $557.4 million | Not listed | adviserinfo.sec.gov |
| Van Clemens Wealth Management, LLC | Minneapolis | $470.4 million | Not listed | adviserinfo.sec.gov |
| Logan Park Wealth Management | Minneapolis | $464.8 million | Not listed | adviserinfo.sec.gov |
Also on SpecStream
- Investment advisers in Minneapolis, MN
- Investment advisers in Minnesota
- Advisers with $500 million to $1 billion in AUM
- Advisers serving pooled investment vehicles
- Advisers serving investment companies
- Advisers that manage private funds
- Deepwater Asset Management, LLC on the SEC's adviser search
Public data published by the US Securities and Exchange Commission (US government work). Advisers report these values themselves in Form ADV, and neither the SEC nor the states approve or guarantee them. AUM is regulatory assets under management as the adviser reported it in Form ADV item 5.F, which can differ from the AUM a firm quotes elsewhere. Exempt reporting advisers do not report AUM. Office address, phone and website are the adviser's main office as filed; a firm that files its main office as a private residence shows no street address or phone. An Item 11 disclosure is a reported event, not a finding about the firm today. Details for each firm are on the SEC's Investment Adviser Public Disclosure site. This page uses SEC data and is not endorsed or certified by the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.