Data / Investment advisers / California / Makena Capital Management, LLC
Makena Capital Management, LLC, Menlo Park, CA: $24.3 billion AUM, SEC registered investment adviser
Updated November 7, 2026. Source: the SEC's Form ADV data files for investment advisers.
Makena Capital Management, LLC is an SEC registered investment adviser with its main office in Menlo Park, California and reports $24.3 billion in regulatory assets under management in its Form ADV filed March 31, 2026. Its clients include pooled investment vehicles and charitable organizations. It is paid through a percentage of assets under management, performance based fees and other fees. It advises 29 private funds.
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- Registration
- SEC registered investment adviser
- CRD number
- 156855
- SEC file number
- 801-74068
- SEC status
- Approved, effective March 30, 2012
- Main office
- 2755 Sand Hill Road Suite 200, Menlo Park, CA 94025
- Phone
- (650) 926-0510
- Regulatory AUM
- $24,276,709,692 in the Form ADV filed March 31, 2026
- Discretionary AUM
- $23,811,782,270
- Non discretionary AUM
- $464,927,422
- Accounts
- 48
- Employees
- 77, of which 30 give investment advice
- Form of organization
- Limited Liability Company
- Paid through
- a percentage of assets under management, performance based fees, other fees
- Private funds
- 29: 15 private equity funds, 14 hedge funds
- Gross assets of private funds
- $21,578,858,392
- Form ADV Item 11 disclosures
- None reported
- Latest Form ADV filing
- March 31, 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 | 36 | $23.60 billion |
| Charitable organizations | 12 | $673.8 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 |
|---|---|---|
| April 1, 2026 | $24.28 billion | March 31, 2026 |
| December 1, 2025 | $23.92 billion | March 28, 2025 |
Other advisers in Menlo Park
| Adviser | City | AUM | Private funds | Source |
|---|---|---|---|---|
| Sequoia Capital Operations, LLC | Menlo Park | $82.17 billion | 60 | adviserinfo.sec.gov |
| Alan Biller and Associates | Menlo Park | $65.07 billion | Not listed | adviserinfo.sec.gov |
| SB Investment Advisers (US) Inc. | Menlo Park | $53.47 billion | 1 | adviserinfo.sec.gov |
| Lightspeed Venture Partners | Menlo Park | $50.01 billion | 51 | adviserinfo.sec.gov |
| New Enterprise Associates | Menlo Park | $35.58 billion | 27 | adviserinfo.sec.gov |
| Accel-Kkr | Menlo Park | $23.81 billion | 32 | adviserinfo.sec.gov |
| TCV | Menlo Park | $22.51 billion | 34 | adviserinfo.sec.gov |
| Altimeter Capital Management, LP | Menlo Park | $18.75 billion | 33 | adviserinfo.sec.gov |
Also on SpecStream
- Investment advisers in Menlo Park, CA
- Investment advisers in California
- Advisers with $10 billion to $100 billion in AUM
- Advisers serving pooled investment vehicles
- Advisers serving charitable organizations
- Advisers that manage private funds
- Makena Capital 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.