Clients
Investure serves 38 clients, 20 of them pooled investment vehicles. The average client has about $1.01 billion with the firm.
- High-net-worth individuals4%
- Pooled investment vehicles20 clients52%
- Charitable organizations18 clients45%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | Not reported | $1,389,417,974 | 3.6% | — |
| Pooled investment vehicles | 20 | $19,858,370,724 | 51.5% | $992.9M |
| Charitable organizations | 18 | $17,276,443,158 | 44.8% | $959.8M |
| Total | 38 | $38,524,231,856 | 100% | $1.01B |
- Clients
- Not reported
- Regulatory AUM
- $1,389,417,974
- Share
- 3.6%
- Avg. per client
- —
- Clients
- 20
- Regulatory AUM
- $19,858,370,724
- Share
- 51.5%
- Avg. per client
- $992.9M
- Clients
- 18
- Regulatory AUM
- $17,276,443,158
- Share
- 44.8%
- Avg. per client
- $959.8M
Total
- Clients
- 38
- Regulatory AUM
- $38,524,231,856
- Share
- 100%
- Avg. per client
- $1.01B
What it does
Investure provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers. It is paid through a percentage of assets and performance-based fees.
Investure provided financial planning to 0 clients last fiscal year and advises 21 private funds.
57.2% of assets ($22.05B across 39 accounts) are managed with discretion; $16.47B across 19 accounts are not. 3% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Funds94%
- Pooled vehicles88%
- Registered funds6%
- Bonds5%
Filed values cover 99%. The neutral 1% gap has no reported category.
Custodians
Investure’s client accounts are held mainly at The Northern Trust, with 5% of managed assets. Investure has custody of $23.83B for 21 clients.
- The Northern TrustThe Northern Trust Company · Chicago, IL · $1.91B5%
- All other custodians$36.62B95%
Ownership and leadership
Bruce Miller owns 25% to 50% of Investure, and Bruce Miller is its CEO.
- Owns 25% to 50% of Investure, LLC
Bruce Miller
Control person · since March 2004
- Owns 10% to 25% of Investure, LLC
Chad Morgan
Control person · since January 2015
- Owns 10% to 25% of Investure, LLC
Puja Seam
Control person · since February 2012
- Owns 10% to 25% of Investure, LLC
Andriy Shapowal
Control person · since January 2013
- Owns 10% to 25% of Investure, LLC
Jonathan Hill
Control person · since January 2016
- Owns 5% to 10% of Investure, LLC
George Nolde
Control person · since January 2025
Leadership
- Bruce MillerManaging Member/Chief Executive Officer
- Andrew VarnesMember/Chief Financial Officer
- Puja SeamMember/Chief Operating Officer
- Alexander SwartzMember/Chief Compliance Officer/General Counsel
- Vitali BezouchkoMember/Chief Data Officer
- Jonathan HillMember
- Chad MorganMember
- George NoldeMember
- Andriy ShapowalMember
Staff
- 51 employees
- 13 in advisory functions
- 1 state-registered rep
Reported holdings
Investure’s reported 13F holdings total $1.60B across 17 positions, and the ten largest make up 90.8% of it.
- $1.60B
- Reported 13F value
- 17
- Positions
- 90.8%
- In the 10 largest
- −21.5%
- Value vs. prior quarter
- Vanguard Index Fds · S&P 500 ETF Shs26.5%
- J P Morgan Exchange Traded F · Betabuldrs Japan15.5%
- Vanguard Index Fds · Total Stk Mkt13.9%
- iShares Inc. · Core MSCI Emkt11.9%
- iShares TR · Core MSCI Eafe11.8%
- SPDR Series Trust · ST Str SP Biot4.1%
- Essex Ppty TR Inc.1.8%
- Invitation Homes Inc.1.8%
- Equity Residential · SH Ben Int1.8%
- Udr Inc.1.7%
Together, the ten largest are 90.8% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $1.60B is not its $38.52B in regulatory assets and does not represent any individual client's portfolio.
Fees
Investure is paid through a percentage of assets under management and performance-based fees.
Investure’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Investure has 0 offices, with 1 listed address in 1 state.
Virginia · 1 listed address
- 240 W Main Street, Suite 500, CharlottesvilleHQ
Registration details
- Legal name
- Investure, LLC
- Headquarters
- 240 W Main Street, Suite 500, Charlottesville, VA 22902
- Phone
- 434-220-0280
- Website
- www.investure.com
- SEC file
- 801-62689
- 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 Investure have?
Investure has 38 clients and manages $38.5 billion for them, as of August 2026. They include 20 pooled investment vehicles and 18 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 August 2026
What services does Investure offer?
Investure provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Investure use?
Investure’s separately managed account assets are held at The Northern Trust Company (Chicago, IL), with $1,909,071,902. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 August 2026
How many financial advisors does Investure have?
Investure has 1 investment adviser representatives registered with state securities authorities, out of 51 employees, and 13 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 Investure invest in?
At the end of its last fiscal year, Investure’s separately managed accounts held 88% pooled vehicles (private funds and similar), 6% registered funds (mutual funds, ETFs, BDCs) and 5% U.S. government and agency bonds. It advises 21 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 Investure?
Investure’s direct owners are Chad Morgan, Bruce Miller, Puja Seam, Andriy Shapowal, Jonathan Hill and George Nolde, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 20 August 2026
How does Investure get paid?
Investure 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