{"url":"https://nivawealth.com/firms/sali-fund-management-124235","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/124235","regulatoryAum":45993201577,"crd":"124235","secFileNumber":"801-61702","legalName":"Sali Fund Management, LLC","displayName":"Sali Fund Management","website":"http://www.sali.com","linkedinUrl":"https://www.linkedin.com/company/sali-fund-services","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"6850 Austin Center BLVD., Suite 300","city":"Austin","state":"TX","stateName":"Texas","country":"United States","postalCode":"78731"},"tradeNames":[],"registration":{"secApproved":"9 January 2003","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":79,"advisory":5,"brokerDealerReps":1,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":45993201577,"discretionaryAccounts":335,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":240,"regulatoryAum":44985357764},{"label":"Insurance companies","clients":6,"regulatoryAum":1007843813}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Bank of New York","shortName":"Bank of New York","location":"Pittsburgh, PA","smaAssets":187729269},{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":348090961},{"name":"Goldman Sachs & Co. LLC","shortName":"Goldman Sachs &","location":"New York, NY","smaAssets":232625693}],"custodyNote":"Sali Fund Management has custody of $45.28B for 335 clients.","otherCustodians":[],"leadership":[{"name":"Gregory Bellush","title":"Chief Financial Officer","crd":"6872354"},{"name":"Lana Bergstein","title":"Chief Operating Officer","crd":"3196530"},{"name":"Chi Chang","title":"Chief Compliance Officer / General Counsel","crd":"6769558"},{"name":"Jonas Katz","title":"Chief Marketing Officer","crd":"5141475"},{"name":"James Philp","title":"Director of Investment Research","crd":"7713091"},{"name":"Cameron Vail","title":"Managing Director","crd":"7281536"}],"ownership":[{"label":"JTC USA Holdings, Inc","detail":"Member in the 75% or more ownership band and a control person, since November 2021."},{"label":"JTC PLC","detail":"Indirect owner: a member of JTC Group Holdings Limited in the 75% or more band and a control person, since November 2021.","parent":"JTC Group Holdings Limited"},{"label":"JTC Group Holdings (uk) Limited","detail":"Indirect owner: a member of JTC USA Holdings, Inc in the 75% or more band and a control person, since March 2023.","parent":"JTC USA Holdings, Inc"},{"label":"JTC Group Limited","detail":"Indirect owner: a member of JTC Group Holdings (uk) Limited in the 75% or more band and a control person, since March 2023.","parent":"JTC Group Holdings (uk) Limited"},{"label":"JTC Group Holdings Limited","detail":"Indirect owner: a member of JTC Group Limited in the 75% or more band and a control person, since March 2023.","parent":"JTC Group Limited"},{"label":"Eightplatform Xiii Limited 1","detail":"Indirect owner: a shareholder of JTC PLC in the 75% or more band and a control person, since August 2026.","parent":"JTC PLC"},{"label":"Papilio Bidco Limited","detail":"Indirect owner: a shareholder of JTC PLC in the 75% or more band and a control person, since August 2026.","parent":"JTC PLC"},{"label":"Permira Holdings Limited 1","detail":"Indirect owner: a shareholder of Eightplatform Xiii Limited 1 in the 75% or more band and a control person, since August 2026.","parent":"Eightplatform Xiii Limited 1"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[{"state":"Texas","offices":1,"addresses":[{"street":"6850 Austin Center BLVD., Suite 300","city":"Austin","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"512-735-7254","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)","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","Selection of other advisers (including private fund managers)"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":15},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":11},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":55},{"label":"Cash and cash equivalents","percent":18}],"privateFunds":240},"sources":{"adv1FilingDate":"25 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/124235/PDF/124235.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Sali Fund Management have?","answer":"Sali Fund Management has 246 clients and manages $46 billion for them, as of August 2026. They include 240 pooled investment vehicles and 6 insurance companies.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 25 August 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Sali Fund Management offer?","answer":"Sali Fund Management provides 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Sali Fund Management use?","answer":"Sali Fund Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $348,090,961, Goldman Sachs & Co. LLC (New York, NY), with $232,625,693 and Bank of New York (Pittsburgh, PA), with $187,729,269. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 August 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Sali Fund Management have?","answer":"Sali Fund Management has 0 investment adviser representatives registered with state securities authorities, out of 79 employees, and 5 perform investment advisory functions. 1 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Sali Fund Management invest in?","answer":"At the end of its last fiscal year, Sali Fund Management’s separately managed accounts held 55% pooled vehicles (private funds and similar), 18% cash and equivalents, 15% exchange-traded equities, 11% registered funds (mutual funds, ETFs, BDCs) and 1% investment grade corporate bonds. It advises 240 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 Sali Fund Management?","answer":"Sali Fund Management is owned through a chain of holding companies by Papilio Bidco Limited and Permira Holdings Limited 1. Its direct owner is JTC USA Holdings, Inc (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 25 August 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Sali Fund Management get paid?","answer":"Sali Fund Management is paid through a percentage of assets under management, hourly charges, 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","sourceRef":{"doc":"adv1","section":"employees"}}],"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 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."}