Apogem Capital: AUM & Ownership

Clients

Apogem Capital serves 144 clients, 137 of them pooled investment vehicles. The average client has about $304 million with the firm, and high-net-worth clients hold 0% of its $43.8 billion in assets.

Regulatory assets by client type

Pooled investment vehicles137 clients54%
Insurance companies3 clients19%
Corporations and other businesses1 clients27%
OtherHigh-net-worth individuals, Charitable organizations0%

Show client breakdown

Client type	Clients	Regulatory AUM	Share	Avg. per client
High-net-worth individuals	1	$13,427,480	0.0%	$13.4M
Investment companies	1	$0	0.0%	$0
Pooled investment vehicles	137	$23,495,086,815	53.6%	$171.5M
Charitable organizations	1	$174,940,337	0.4%	$174.9M
Insurance companies	3	$8,182,629,118	18.7%	$2.73B
Corporations and other businesses	1	$11,953,339,671	27.3%	$11.95B
Total	144	$43,819,423,421	100%	$304.3M

High-net-worth individuals

Clients: 1
Regulatory AUM: $13,427,480
Share: 0.0%
Avg. per client: $13.4M

Investment companies

Clients: 1
Regulatory AUM: $0
Share: 0.0%
Avg. per client: $0

Pooled investment vehicles

Clients: 137
Regulatory AUM: $23,495,086,815
Share: 53.6%
Avg. per client: $171.5M

Charitable organizations

Clients: 1
Regulatory AUM: $174,940,337
Share: 0.4%
Avg. per client: $174.9M

Insurance companies

Clients: 3
Regulatory AUM: $8,182,629,118
Share: 18.7%
Avg. per client: $2.73B

Corporations and other businesses

Clients: 1
Regulatory AUM: $11,953,339,671
Share: 27.3%
Avg. per client: $11.95B

Total

Clients: 144
Regulatory AUM: $43,819,423,421
Share: 100%
Avg. per client: $304.3M

What it does

Apogem Capital provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, selecting other managers and other activities. It is paid through a percentage of assets, fixed fees and performance-based fees.

Apogem Capital advises 114 private funds.

94.4% of assets ($41.36B across 127 accounts) are managed with discretion; $2.46B across 17 accounts are not. 23% of clients are outside the U.S., and 3 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end

Funds100%

Custodians

Apogem Capital has custody of $9.10B for 4 clients.

Managed account assets by custodian

All other custodians$43.82B100%

Ownership and leadership

New York Life Investment Management Holdings LLC owns 75% or more of Apogem Capital, and Joshua Niedner is its CEO.

Who owns the firm

Apogem Capital LLC· the adviser

New York Life Investment Management Holdings LLC
Control person · since May 2020
Owns 75% or more of Apogem Capital LLC
- New York Life Insurance Company
  Control person · since December 1999
  Owns 75% or more of New York Life Investment Management Holdings LLC

Leadership

Joshua Niedner
Chief Executive Officer; Board Member
John Grady
Senior Managing Director & Chief Financial Officer
Kevin Power
Chief Compliance Officer
Naim Abou-Jaoude
Board Member, Chair
Francis Harte
Board Member
Thomas Hendry
Board Member
Alain Karaoglan
Board Member
Craig Sabal
Board Member
Stuart Warner
General Counsel

Staff

259 employees
127 in advisory functions
2 state-registered reps
53 broker-dealer reps
6 soliciting firms

Fees

Apogem Capital is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees.

Brochure fee details have not yet been processed for this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Apogem Capital has 4 offices, with 5 listed addresses across 5 states.

Listed office addresses by state

New York · 1 listed address

299 Park Avenue, 37th Floor, New YorkHQ

Other business names

Apogem Capital has reported 1 other business name to the SEC.

Ridgelake Partners (nyli)

Registration details

Legal name: Apogem Capital LLC
Headquarters: 299 Park Avenue, 37th Floor, New York, NY 10171
Phone: 212-601-3600
Website: www.apogemcapital.com
SEC file: 801-118844
Structure: Delaware LLC
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 Apogem Capital have?

Apogem Capital has 144 clients and manages $43.8 billion for them, as of September 2026. They include 137 pooled investment vehicles, 3 insurance companies and 1 high-net-worth individuals.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 14 September 2026

What services does Apogem Capital offer?

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does Apogem Capital have?

Apogem Capital has 2 investment adviser representatives registered with state securities authorities, out of 259 employees, and 127 perform investment advisory functions. 53 are registered representatives of a broker-dealer and 0 are 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 Apogem Capital invest in?

At the end of its last fiscal year, Apogem Capital’s separately managed accounts held 100% pooled vehicles (private funds and similar). It advises 114 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 Apogem Capital?

Apogem Capital is owned through a holding company by New York Life Insurance Company. Its direct owner is New York Life Investment Management Holdings LLC (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 14 September 2026

How does Apogem Capital get paid?

Apogem Capital is paid through a percentage of assets under management, fixed fees 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