Ariel Alternatives, LLC
● SEC registered since 2021CRD 314178SEC# 801-121577Chicago, IL
Ranks #2,501 of 6,004 private fund managers by regulatory AUM.
Reg. AUM
$1.51B
Fund GAV
$1.67B
Private funds
6
Employees
57
Accounts
6
Location
Chicago, IL
Ariel Alternatives, LLC assets under management
Ariel Alternatives, LLC operates as an SEC-registered investment adviser based in Chicago, IL. The firm has been registered since 2021. It reports $1.5 billion in regulatory assets under management and employs 57 people. Ariel Alternatives, LLC manages 6 private funds with combined gross assets of $1.7 billion, including Project Black, LP. By regulatory assets, it ranks 2,501 of 6,004 private fund managers.
Ariel Alternatives, LLC private funds
6 funds · $1.67B GAV| Fund | Type | Gross assets | Min. |
|---|---|---|---|
| Project Black, LP | Private Equity | $1.19B | $100M |
| Groome Pb Co-Invest Aggregator, LLC | Private Equity | $176.5M | $100M |
| Project Black Coordinated Participation Fund, LP | Private Equity | $102.2M | $100M |
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Join to unlock · $37/moAriel Alternatives, LLC owners & executives
27 reported| Name | Title | Ownership | Since |
|---|---|---|---|
| Ariel Investments Holding Company, LLC Control | Owner | Over 75% | 2025 |
| Carlos Estuardo Calderon | Senior Vice President, Chief Financial Officer | Under 5% | 2021 |
| Emma Leonor Rodriguez-Ayala Control | Chief Administrative Officer & Board Secretary | Under 5% | 2023 |
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Join to unlock · $37/moFrequently asked questions
How much does Ariel Alternatives, LLC manage?
Ariel Alternatives, LLC reports $1.5 billion in regulatory assets under management on its Form ADV.
How many private funds does Ariel Alternatives, LLC manage?
Ariel Alternatives, LLC manages 6 private funds with combined gross assets of $1.7 billion.
How many employees does Ariel Alternatives, LLC have?
Ariel Alternatives, LLC reports 57 employees.
Where is Ariel Alternatives, LLC located?
Ariel Alternatives, LLC is based in Chicago, IL and has been SEC-registered since 2021.
Does Ariel Alternatives, LLC disclose fund performance?
Ariel Alternatives, LLC is not required to publicly disclose fund returns. Form ADV filings include assets, ownership, and service providers, shown above.
Contact & registration
| Address | 200 E Randolph Street, Suite 2900, Chicago, IL 60601-6505 |
| Phone | 312-726-0140 |
| Fax | 312-726-7473 |
| Office hours | M-F 7:30a.m. - 7p.m. Ct; Sat 9a.m. - 4p.m. Ct; Sun 10a.m. - 4p.m. Ct |
| SEC region | Chicago Regional Office (CHRO) |
| Discloses disciplinary history | No |
Regulatory AUM
$1.51B▼ 7%
Jan '25Form ADV, monthlyJun '26
How this firm compares
Regulatory AUMTop 26%
Larger than 74% of 16,271 advisers
AUM vs fund managersTop 42%
Larger than 58% of 6,004 private-fund managers
Number of fundsTop 36%
More funds than 64% of fund managers
EmployeesTop 11%
More than 89% of 16,825 advisers
Assets under management
$1.51Bregulatory AUM
Discretionary $1.51B