{"url":"https://nivawealth.com/firms/jv-management-313398","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/313398","regulatoryAum":4980553138,"crd":"313398","history":[{"filedOn":"2021-06-01","regulatoryAum":548227822,"clients":7,"employees":7,"offices":2},{"filedOn":"2022-03-29","regulatoryAum":531956508,"clients":11,"employees":8,"offices":2},{"filedOn":"2023-03-31","regulatoryAum":911021440,"clients":24,"employees":14,"offices":2},{"filedOn":"2024-06-03","regulatoryAum":2790088308,"clients":34,"employees":14,"offices":2},{"filedOn":"2025-06-05","regulatoryAum":4381575030,"clients":50,"employees":17,"offices":1},{"filedOn":"2026-05-06","regulatoryAum":4980553138,"clients":49,"employees":25,"offices":1}],"secFileNumber":"801-121656","legalName":"JV Management LLC","displayName":"JV Management","slug":"jv-management-313398","website":"https://jvpmgmt.com/","classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_private_markets_manager","typeLabel":"Private markets","feeDisclosure":"payment_only"},"linkedinUrl":"https://www.linkedin.com/company/jvp-management/about/","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"712 5th Avenue, 51st Floor","city":"New York","state":"NY","stateName":"New York","country":"United States","postalCode":"10019"},"tradeNames":[],"registration":{"secApproved":"2 June 2021","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":145726708.33333334,"staff":{"employees":25,"advisory":13,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":4980553138,"discretionary":4980553138,"discretionaryAccounts":49,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":31,"nonAumClients":0},"clientTypes":[{"label":"High-net-worth individuals","clients":3,"regulatoryAum":437180125},{"label":"Pooled investment vehicles","clients":33,"regulatoryAum":2124507359},{"label":"Insurance companies","clients":12,"regulatoryAum":2165277361},{"label":"Sovereign wealth funds and foreign official institutions","clients":1,"regulatoryAum":253588293}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Flagstar Bank","shortName":"Flagstar Bank","location":"New York, NY","smaAssets":932536261},{"name":"TD Bank","shortName":"TD Bank","location":"Tinton Falls, NJ","smaAssets":1648852158},{"name":"Valley National Bank","shortName":"Valley National Bank","location":"Morristown, NJ","smaAssets":789817256}],"custodyNote":"JV Management has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Jehan Akhtar","title":"Cro/CCO","crd":"7717483"},{"name":"John Illuzzi","title":"CIO","crd":"2279836"},{"name":"Van Nguyen","title":"CEO","crd":"2229247"},{"name":"Anthony Shaskus","title":"Head of Credit Strategies","crd":"7355747"}],"ownership":[{"label":"John Illuzzi","detail":"Cio in the 25% to 50% ownership band and a control person, since September 2014."},{"label":"Van Nguyen","detail":"Ceo in the 50% to 75% ownership band and a control person, since September 2014."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"New York","offices":1,"addresses":[{"street":"712 5th Avenue, 51st Floor","city":"New York","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"607-203-9401","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees","Other"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Other"],"financialPlanningClients":"0","assetMix":[{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":41},{"label":"Cash and cash equivalents","percent":2},{"label":"Other","percent":57,"detail":"Real Estate-Related Investments"}],"privateFunds":19},"sources":{"adv1FilingDate":"6 May 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/313398/PDF/313398.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does JV Management have?","answer":"JV Management has 49 clients and manages $4.98 billion for them, as of May 2026. They include 33 pooled investment vehicles, 12 insurance companies and 3 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 6 May 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does JV Management offer?","answer":"JV Management provides portfolio management for pooled vehicles.","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 JV Management use?","answer":"JV Management’s separately managed account assets are held at TD Bank (Tinton Falls, NJ), with $1.65B, Flagstar Bank (New York, NY), with $933M and Valley National Bank (Morristown, NJ), with $790M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 May 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does JV Management have?","answer":"JV Management has 0 investment adviser representatives registered with state securities authorities, out of 25 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does JV Management invest in?","answer":"At the end of its last fiscal year, JV Management’s separately managed accounts held 57% other, 41% pooled vehicles (private funds and similar) and 2% cash and equivalents. The 57% other category is described as: Real Estate-Related Investments. It advises 19 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 JV Management?","answer":"JV Management’s direct owners are John Illuzzi (25% to 50%) and Van Nguyen (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 6 May 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does JV Management get paid?","answer":"JV Management is paid through a percentage of assets under management, performance-based fees and other compensation. 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"}},{"question":"How do I contact JV Management?","answer":"JV Management’s main office is at 712 5th Avenue, 51st Floor, New York, NY 10019. Its phone number is 607-203-9401. Its website is jvpmgmt.com.","source":"Form ADV Part 1A, Item 1.F, filed 6 May 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"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 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."}