{"url":"https://nivawealth.com/firms/sweetwater-investment-management-297613","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/297613","regulatoryAum":1580323645,"crd":"297613","history":[{"filedOn":"2021-04-29","regulatoryAum":596043769,"clients":5,"employees":7,"offices":1},{"filedOn":"2022-05-05","regulatoryAum":887577107,"clients":8,"employees":10,"offices":2},{"filedOn":"2023-03-29","regulatoryAum":823936431,"clients":7,"employees":10,"offices":1},{"filedOn":"2024-06-12","regulatoryAum":1139916747,"clients":9,"employees":14,"offices":2},{"filedOn":"2025-03-28","regulatoryAum":1293398986,"clients":12,"employees":21,"offices":2},{"filedOn":"2026-08-31","regulatoryAum":1580323645,"clients":14,"employees":20,"offices":1}],"secFileNumber":"801-117733","legalName":"Sweetwater Investment Management LLC","displayName":"Sweetwater Investment Management","slug":"sweetwater-investment-management-297613","website":"https://sweetwaterpe.com/","classification":{"segment":"private_funds","segmentLabel":"Private funds","type":"private_fund_manager","typeLabel":null,"feeDisclosure":"payment_only"},"linkedinUrl":"https://www.linkedin.com/company/sweetwater-private-equity/?viewAsMember=true","xUrl":"https://twitter.com/SweetwaterInvst","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"662 Encinitas BLVD, Ste 250","city":"Encinitas","state":"CA","stateName":"California","country":"United States","postalCode":"92024"},"tradeNames":["Dba. Sweetwater Private Equity"],"registration":{"secApproved":"4 December 2019","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":20,"advisory":11,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":1580323645,"discretionary":1580323645,"discretionaryAccounts":14,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":21,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":14,"regulatoryAum":1580323645}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Sweetwater Investment Management has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Travis Greenwood","title":"Chief Compliance Officer / Partner","crd":"7195531"},{"name":"James Gamett","title":"Partner","crd":"4374373"},{"name":"Brent Granado","title":"Partner","crd":"6276146"},{"name":"Matthew Kelsay","title":"Partner","crd":"8058702"}],"ownership":[{"label":"MBSC Ventures LLC","detail":"Member in the 10% to 25% ownership band, since June 2019."},{"label":"Gamett Holdco LLC","detail":"Member in the 75% or more ownership band and a control person, since December 2021."},{"label":"Kelsay Capital Partners Inc.","detail":"Member in the 5% to 10% ownership band, since July 2025."},{"label":"Brent Granado","detail":"Indirect owner: a managing member of MBSC Ventures LLC in the 75% or more band and a control person, since February 2019.","parent":"MBSC Ventures LLC"},{"label":"James Gamett","detail":"Indirect owner: a managing member of Gamett Holdco LLC in the 75% or more band and a control person, since December 2021.","parent":"Gamett Holdco LLC"},{"label":"Travis Greenwood","detail":"Indirect owner: a managing member of Tobiano Ventures LLC in the 75% or more band and a control person, since June 2025.","parent":"Tobiano Ventures LLC"},{"label":"Matthew Kelsay","detail":"Indirect owner: a president of Kelsay Capital Partners Inc. in the 75% or more band and a control person, since June 2025.","parent":"Kelsay Capital Partners Inc."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"662 Encinitas BLVD, Ste 250","city":"Encinitas","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"760-652-6353","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)"],"financialPlanningClients":null,"assetMix":[],"privateFunds":11},"sources":{"adv1FilingDate":"31 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/297613/PDF/297613.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 Sweetwater Investment Management have?","answer":"Sweetwater Investment Management has 14 clients and manages $1.58 billion for them, as of August 2026. They include 14 pooled investment vehicles.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 31 August 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Sweetwater Investment Management offer?","answer":"Sweetwater Investment 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":"How many financial advisors does Sweetwater Investment Management have?","answer":"Sweetwater Investment Management has 0 investment adviser representatives registered with state securities authorities, out of 20 employees, and 11 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":"Who owns Sweetwater Investment Management?","answer":"Sweetwater Investment Management is owned through holding companies by Brent Granado, James Gamett and Matthew Kelsay. Its direct owners are MBSC Ventures LLC (10% to 25%), Gamett Holdco LLC (75% or more), Kelsay Capital Partners Inc. (5% to 10%) and Travis Greenwood (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 31 August 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Sweetwater Investment Management get paid?","answer":"Sweetwater Investment Management 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Sweetwater Investment Management?","answer":"Sweetwater Investment Management’s main office is at 662 Encinitas BLVD, Ste 250, Encinitas, CA 92024. Its phone number is 760-652-6353. Its website is sweetwaterpe.com.","source":"Form ADV Part 1A, Item 1.F, filed 31 August 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."}