{"url":"https://nivawealth.com/firms/global-endowment-management-157772","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/157772","regulatoryAum":12883817810,"crd":"157772","secFileNumber":"801-73314","legalName":"Global Endowment Management, LP","displayName":"Global Endowment Management","website":null,"founded":null,"organization":"Delaware partnership","fiscalYearEnd":"December","headquarters":{"street":"224 W Tremont Avenue","city":"Charlotte","state":"NC","stateName":"North Carolina","country":"United States","postalCode":"28203"},"tradeNames":[],"registration":{"secApproved":"24 February 2012","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":82,"advisory":23,"brokerDealerReps":0,"insuranceAgents":0,"promoters":1},"aum":{"discretionary":12883817810,"discretionaryAccounts":46,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":2,"nonAumClients":46},"clientTypes":[{"label":"Pooled investment vehicles","clients":27,"regulatoryAum":7961733116},{"label":"Charitable organizations","clients":14,"regulatoryAum":4874503273},{"label":"Other","clients":5,"regulatoryAum":47581421}],"fees":[],"feeNotes":[],"custodians":[{"name":"The Bank of New York Mellon Corporation","shortName":"The Bank of New York Mellon","location":"Everett, MA","smaAssets":845503192}],"custodyNote":"Global Endowment Management has custody of $12.88B for 46 clients.","otherCustodians":[],"leadership":[{"name":"Dogan Perese","title":"Chief Operating Officer","crd":"7818754"},{"name":"Richard Abraham","title":"Chief Compliance Officer","crd":"2506581"},{"name":"Matthew Bank","title":"Chief Investment Officer","crd":"5019752"},{"name":"Stephanie Lynch","title":"Managing Partner","crd":"7246070"},{"name":"Jay Ripley","title":"Head of Investments","crd":"4909410"},{"name":"Michael Smith","title":"Chief Market Strategist","crd":"6271234"}],"ownership":[{"label":"Global Endowment Partners, LP","detail":"Limited partner in the 75% or more ownership band and a control person, since July 2007."},{"label":"Michael Smith","detail":"Indirect owner: member of Gem GP, LLC and a control person, since December 2019.","parent":"Gem GP, LLC"},{"label":"Stephanie Lynch","detail":"Indirect owner: member of Gem GP, LLC and a control person, since December 2019.","parent":"Gem GP, LLC"},{"label":"Matthew Bank","detail":"Indirect owner: member of Gem GP, LLC and a control person, since January 2025.","parent":"Gem GP, LLC"},{"label":"Gem GP, LLC","detail":"Indirect owner: general partner of Global Endowment Partners, LP and a control person, since July 2007.","parent":"Global Endowment Partners, LP"},{"label":"Jay Ripley","detail":"Indirect owner: member of Gem GP, LLC and a control person, since January 2024.","parent":"Gem GP, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[{"state":"North Carolina","offices":1,"addresses":[{"street":"224 W Tremont Avenue","city":"Charlotte","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"704-333-8282","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":79},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":16},{"label":"Cash and cash equivalents","percent":5}],"privateFunds":148},"sources":{"adv1FilingDate":"28 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/157772/PDF/157772.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Global Endowment Management have?","answer":"Global Endowment Management has 46 clients and manages $12.9 billion for them, as of August 2026. They include 27 pooled investment vehicles, 14 charitable organizations and 5 other clients.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 28 August 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Global Endowment Management offer?","answer":"Global Endowment Management provides 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 Global Endowment Management use?","answer":"Global Endowment Management’s separately managed account assets are held at The Bank of New York Mellon Corporation (Everett, MA), with $845,503,192. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 August 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Global Endowment Management have?","answer":"Global Endowment Management has 0 investment adviser representatives registered with state securities authorities, out of 82 employees, and 23 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 Global Endowment Management invest in?","answer":"At the end of its last fiscal year, Global Endowment Management’s separately managed accounts held 79% exchange-traded equities, 16% pooled vehicles (private funds and similar) and 5% cash and equivalents. It advises 148 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 Global Endowment Management?","answer":"Global Endowment Management’s direct owner is Global Endowment Partners, LP (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 28 August 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Global Endowment Management get paid?","answer":"Global Endowment Management is paid through a percentage of assets under management and performance-based fees. 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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."}