{"url":"https://nivawealth.com/firms/ab-carval-investors-141819","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/141819","regulatoryAum":18441989964,"crd":"141819","secFileNumber":"801-71932","legalName":"Ab Carval Investors, LP","displayName":"Ab Carval Investors","website":"https://www.abcarval.com/us/en-us/investors/home.html","linkedinUrl":"https://www.linkedin.com/company/carval-investors/","founded":null,"organization":"Delaware limited partnership","fiscalYearEnd":"December","headquarters":{"street":"1601 Utica Avenue South, Suite 1000","city":"Minneapolis","state":"MN","stateName":"Minnesota","country":"United States","postalCode":"55416-3496"},"tradeNames":[],"registration":{"secApproved":"27 October 2010","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":169,"advisory":74,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":13786045242,"discretionaryAccounts":64,"nonDiscretionary":4655944722,"nonDiscretionaryAccounts":5,"wrapProgram":null,"nonUsClientsPct":12,"nonAumClients":0},"clientTypes":[{"label":"Investment companies","clients":1,"regulatoryAum":413828506},{"label":"Pooled investment vehicles","clients":63,"regulatoryAum":13372216736},{"label":"Other","clients":5,"regulatoryAum":4655944722}],"fees":[],"feeNotes":[],"custodians":[{"name":"JP Morgan Chase Bank","shortName":"J.P. Morgan","location":"Monroe, LA","smaAssets":2138220835},{"name":"The Northern Trust Company","shortName":"The Northern Trust","location":"Chicago, IL","smaAssets":2028682442}],"custodyNote":"Ab Carval Investors has custody of $12.37B for 67 clients.","otherCustodians":[],"leadership":[{"name":"Brandynn Morris","title":"Chief Financial Officer","crd":"7718124"},{"name":"Christopher Hedberg","title":"Chief Operating Officer","crd":"2263364"},{"name":"Paul Emerson","title":"Chief Compliance Officer","crd":"5258073"},{"name":"Matthew Bogart","title":"General Counsel","crd":"5854623"},{"name":"Lucas Detor","title":"Managing Principal","crd":"4226286"},{"name":"Jody Gunderson","title":"Managing Principal","crd":"6678102"}],"ownership":[{"label":"Alliancebernstein L.P.","detail":"General partner in the 75% or more ownership band and a control person, since July 2022."},{"label":"Alliancebernstein Holding L.P.","detail":"Indirect owner: a limited partner of Alliancebernstein L.P. in the 25% to 50% band and a control person, since October 1999.","parent":"Alliancebernstein L.P."},{"label":"Alpha Units Holdings Inc","detail":"Indirect owner: a limited partner of Alliancebernstein L.P. in the 25% to 50% band and a control person, since May 2018.","parent":"Alliancebernstein L.P."},{"label":"Alliancebernstein Corporation","detail":"Indirect owner: general partner of Alliancebernstein L.P. and a control person, since October 1999.","parent":"Alliancebernstein L.P."},{"label":"Equitable Holdings Inc","detail":"Indirect owner: a limited partner of Alliancebernstein L.P. in the 25% to 50% band and a control person, since May 2018.","parent":"Alliancebernstein L.P."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":2,"privateResidences":0},"listedOfficeAddresses":2,"officesByState":[{"state":"Minnesota","offices":1,"addresses":[{"street":"1601 Utica Avenue South, Suite 1000","city":"Minneapolis","headquarters":true}]},{"state":"New York","offices":1,"addresses":[{"street":"461 5th Ave","city":"New York"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"952-444-4780","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Other","percent":100,"detail":"Residential Mortgages and Asset Based Finance"}],"privateFunds":64},"sources":{"adv1FilingDate":"25 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/141819/PDF/141819.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Ab Carval Investors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Ab Carval Investors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Ab Carval Investors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Ab Carval Investors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Ab Carval Investors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Ab Carval Investors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Ab Carval Investors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}