Clients
Ab Carval Investors serves 69 clients, 63 of them pooled investment vehicles. The average client has about $267 million with the firm.
- Investment companies1 clients2%
- Pooled investment vehicles63 clients73%
- Other5 clients25%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Investment companies | 1 | $413,828,506 | 2.2% | $413.8M |
| Pooled investment vehicles | 63 | $13,372,216,736 | 72.5% | $212.3M |
| Other | 5 | $4,655,944,722 | 25.2% | $931.2M |
| Total | 69 | $18,441,989,964 | 100% | $267.3M |
- Clients
- 1
- Regulatory AUM
- $413,828,506
- Share
- 2.2%
- Avg. per client
- $413.8M
- Clients
- 63
- Regulatory AUM
- $13,372,216,736
- Share
- 72.5%
- Avg. per client
- $212.3M
- Clients
- 5
- Regulatory AUM
- $4,655,944,722
- Share
- 25.2%
- Avg. per client
- $931.2M
Total
- Clients
- 69
- Regulatory AUM
- $18,441,989,964
- Share
- 100%
- Avg. per client
- $267.3M
What it does
Ab Carval Investors provides portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.
Ab Carval Investors advises 64 private funds.
74.8% of assets ($13.79B across 64 accounts) are managed with discretion; $4.66B across 5 accounts are not. 12% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Other100%
- Residential mortgages and asset based finance100%
Custodians
Ab Carval Investors’ client accounts are held mainly at J.P. Morgan, with 12% of managed assets, and The Northern Trust, with 11%. Ab Carval Investors has custody of $12.37B for 67 clients.
- J.P. MorganJP Morgan Chase Bank · Monroe, LA · $2.14B12%
- The Northern TrustThe Northern Trust Company · Chicago, IL · $2.03B11%
- All other custodians$14.28B77%
Ownership and leadership
Alliancebernstein L.P. owns 75% or more of Ab Carval Investors.
- Owns 75% or more of Ab Carval Investors, LP
Alliancebernstein L.P.
Control person · since July 2022
- Owns 25% to 50% of Alliancebernstein L.P.
Alliancebernstein Holding L.P.
Control person · since October 1999
- Owns 25% to 50% of Alliancebernstein L.P.
Alpha Units Holdings Inc
Control person · since May 2018
- Owns 25% to 50% of Alliancebernstein L.P.
Equitable Holdings Inc
Control person · since May 2018
Alliancebernstein Corporation
General partner · Control person · since October 1999
Leadership
- Brandynn MorrisChief Financial Officer
- Christopher HedbergChief Operating Officer
- Paul EmersonChief Compliance Officer
- Matthew BogartGeneral Counsel
- Lucas DetorManaging Principal
- Jody GundersonManaging Principal
Staff
- 169 employees
- 74 in advisory functions
Fees
Ab Carval Investors is paid through a percentage of assets under management and performance-based fees.
Ab Carval Investors’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Ab Carval Investors has 2 offices, with 2 listed addresses across 2 states.
Minnesota · 1 listed address
- 1601 Utica Avenue South, Suite 1000, MinneapolisHQ
New York · 1 listed address
- 461 5th Ave, New York
Registration details
- Legal name
- Ab Carval Investors, LP
- Headquarters
- 1601 Utica Avenue South, Suite 1000, Minneapolis, MN 55416-3496
- Phone
- 952-444-4780
- SEC file
- 801-71932
- Structure
- Delaware limited partnership
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Ab Carval Investors have?
Ab Carval Investors has 69 clients and manages $18.4 billion for them, as of September 2026. They include 63 pooled investment vehicles, 5 other clients and 1 investment companies.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 September 2026
What services does Ab Carval Investors offer?
Ab Carval Investors provides portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Ab Carval Investors use?
Ab Carval Investors’ separately managed account assets are held at JP Morgan Chase Bank (Monroe, LA), with $2,138,220,835 and The Northern Trust Company (Chicago, IL), with $2,028,682,442. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 September 2026
How many financial advisors does Ab Carval Investors have?
Ab Carval Investors has 0 investment adviser representatives registered with state securities authorities, out of 169 employees, and 74 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Ab Carval Investors invest in?
At the end of its last fiscal year, Ab Carval Investors’ separately managed accounts held 100% residential mortgages and asset based finance. It advises 64 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Ab Carval Investors?
Ab Carval Investors is owned through a holding company by Alliancebernstein Holding L.P., Alpha Units Holdings Inc and Equitable Holdings Inc. Its direct owner is Alliancebernstein L.P. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 25 September 2026
How does Ab Carval Investors get paid?
Ab Carval Investors is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file