Niva WealthLet’s talk

Bentallgreenoak (u.s.) Limited Partnership

SEC-registered adviser since 1985Seattle, WACRD 111470

$24.1B
AUM
17
Clients
See fees
Fee
16
Advisory staff

From Form ADV filed 30 July 2026 · data retrieved 15 October 2026SEC record

Bentallgreenoak (u.s.) Limited Partnership is an investment adviser headquartered in Seattle, Washington, and registered with the SEC since 1985. Its clients include banking or thrift institutions, pension and profit-sharing plans, and pooled investment vehicles.

Its services include portfolio management for pooled vehicles and portfolio management for institutions. Fee arrangements include a percentage of assets under management and performance-based fees. SL Investment US-Re Holdings 2009-1, LLC owns 50% to 75% of Bentallgreenoak (u.s.) Limited Partnership, and John Carrafiell is its CEO.

Clients

Bentallgreenoak (u.s.) Limited Partnership serves 17 clients, 9 of them pooled investment vehicles. The average client has about $1.42 billion with the firm.

Regulatory assets by client type
  • Banking or thrift institutions2 clients41%
  • Pooled investment vehicles9 clients25%
  • Pension and profit-sharing plans4 clients30%
  • Insurance companies2 clients4%
Show client breakdown
Banking or thrift institutions
Clients
2
Regulatory AUM
$9,915,000,000
Share
41.2%
Avg. per client
$4.96B
Pooled investment vehicles
Clients
9
Regulatory AUM
$5,912,000,000
Share
24.6%
Avg. per client
$656.9M
Pension and profit-sharing plans
Clients
4
Regulatory AUM
$7,248,000,000
Share
30.1%
Avg. per client
$1.81B
Insurance companies
Clients
2
Regulatory AUM
$992,000,000
Share
4.1%
Avg. per client
$496.0M

Total

Clients
17
Regulatory AUM
$24,067,000,000
Share
100%
Avg. per client
$1.42B

What it does

Bentallgreenoak (u.s.) Limited Partnership provides portfolio management for pooled vehicles, portfolio management for institutions and other activities. It is paid through a percentage of assets and performance-based fees.

Bentallgreenoak (u.s.) Limited Partnership provided financial planning to 0 clients last fiscal year and advises 24 private funds.

55.6% of assets ($13.39B across 11 accounts) are managed with discretion; $10.67B across 6 accounts are not. 38% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks1%
  • Cash1%
  • Other98%
    • Real estate98%

Custodians

Bentallgreenoak (u.s.) Limited Partnership has custody of $76.6M for 13 clients.

Managed account assets by custodian
  • All other custodians$24.07B100%

Ownership and leadership

SL Investment US-Re Holdings 2009-1, LLC owns 50% to 75% of Bentallgreenoak (u.s.) Limited Partnership, and John Carrafiell is its CEO.

Who owns the firm
Bentallgreenoak (u.s.) Limited Partnership· the adviser

  • SL Investment US-Re Holdings 2009-1, LLC

    Control person · since March 2021

    Owns 50% to 75% of Bentallgreenoak (u.s.) Limited Partnership

  • Sun Life Investment Management U.S., LLC

    Control person · since March 2026

    Owns 25% to 50% of Bentallgreenoak (u.s.) Limited Partnership

  • Karamjit Kalsi

    Control person · since July 2021

    Owns 10% to 25% of Bentallgreenoak (u.s.) Limited Partnership

  • John Carrafiell

    Control person · since July 2021

    Owns 10% to 25% of Bentallgreenoak (u.s.) Limited Partnership

Leadership

  • John Carrafiell
    Chief Executive Officer
  • Karamjit Kalsi
    President and CEO SLC Management
  • Devinder Gill
    Chief Financial Officer
  • Andrew Yoon
    Chief Operating Officer
  • Matthew Campbell
    Managing Partner, General Counsel, Chief Compliance Officer
  • Christopher Niehaus
    Managing Partner, Chairman of US

Staff

  • 127 employees
  • 16 in advisory functions
  • 5 broker-dealer reps

Fees

Bentallgreenoak (u.s.) Limited Partnership is paid through a percentage of assets under management and performance-based fees.

Bentallgreenoak (u.s.) Limited Partnership’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Bentallgreenoak (u.s.) Limited Partnership has 6 offices, with 7 listed addresses across 6 states.

Listed office addresses by state

Washington · 1 listed address

  • 1201 Third Avenue, Suite 3000, SeattleHQ

Other business names

Bentallgreenoak (u.s.) Limited Partnership has reported 3 other business names to the SEC.

  • Bentall Kennedy
  • Bentallgreenoak
  • Bgo

Registration details

Legal name
Bentallgreenoak (u.s.) Limited Partnership
Headquarters
1201 Third Avenue, Suite 3000, Seattle, WA 98101
Phone
206-623-4739
Website
bentallgreenoak.com
SEC file
801-24618
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 Bentallgreenoak (u.s.) Limited Partnership have?

Bentallgreenoak (u.s.) Limited Partnership has 17 clients and manages $24.1 billion for them, as of July 2026. They include 9 pooled investment vehicles, 4 pension and profit-sharing plans and 2 banking or thrift institutions.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 July 2026

What services does Bentallgreenoak (u.s.) Limited Partnership offer?

Bentallgreenoak (u.s.) Limited Partnership provides portfolio management for pooled vehicles, portfolio management for institutions and other activities.

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

How many financial advisors does Bentallgreenoak (u.s.) Limited Partnership have?

Bentallgreenoak (u.s.) Limited Partnership has 0 investment adviser representatives registered with state securities authorities, out of 127 employees, and 16 perform investment advisory functions. 5 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 Bentallgreenoak (u.s.) Limited Partnership invest in?

At the end of its last fiscal year, Bentallgreenoak (u.s.) Limited Partnership’s separately managed accounts held 98% real estate, 1% non-exchange-traded equities and 1% cash and equivalents. It advises 24 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 Bentallgreenoak (u.s.) Limited Partnership?

Bentallgreenoak (u.s.) Limited Partnership is owned through a chain of holding companies by Sun Life Financial Inc. Its direct owners are Karamjit Kalsi (10% to 25%), John Carrafiell (10% to 25%), SL Investment US-Re Holdings 2009-1, LLC (50% to 75%) and Sun Life Investment Management U.S., LLC (25% to 50%).

Source: Form ADV Part 1A, Schedules A and B, filed 30 July 2026

How does Bentallgreenoak (u.s.) Limited Partnership get paid?

Bentallgreenoak (u.s.) Limited Partnership 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

Sources

  1. Form ADV Part 1A, amendment filed 30 July 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 111470.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

Download source data (JSON)How this directory is compiledReport a correction

This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Bentallgreenoak (u.s.) Limited Partnership and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.