Thrivent Investment Capital Advisors, LLC
● SEC registered since 2025CRD 338378SEC# 801-134357Minneapolis, MN
Ranks #512 of 6,004 private fund managers by regulatory AUM.
Reg. AUM
$22.78B
Fund GAV
$20.85B
Private funds
36
Employees
66
Accounts
47
Location
Minneapolis, MN
Thrivent Investment Capital Advisors, LLC assets under management
Thrivent Investment Capital Advisors, LLC operates as an SEC-registered investment adviser based in Minneapolis, MN. The firm has been registered since 2025. It reports $22.8 billion in regulatory assets under management and employs 66 people. Thrivent Investment Capital Advisors, LLC manages 36 private funds with combined gross assets of $20.9 billion, including Thrivent White Rose Fund XVI Fund of Funds LP. By regulatory assets, it ranks 512 of 6,004 private fund managers.
Thrivent Investment Capital Advisors, LLC private funds
36 funds · $20.85B GAV| Fund | Type | Gross assets | Min. |
|---|---|---|---|
| Thrivent White Rose Fund XVI Fund of Funds LP | Private Equity | $2B | $100K |
| Thrivent White Rose Fund XV Fund of Funds LP | Private Equity | $1.49B | $100K |
| Thrivent White Rose Fund XIV Fund of Funds, L.P. | Private Equity | $1.43B | $50K |
| Badger Fbn 2025, LLC | Private Equity | $1.3B | — |
| Thrivent White Rose Real Estate Fund VI, L.P. | Private Equity | $1.25B | $100K |
| Thrivent White Rose Fund XV Equity Direct LP | Private Equity | $941.8M | $50K |
| Thrivent White Rose Fund XIV Equity Direct, L.P. | Private Equity | $932.9M | $20K |
| Thrivent White Rose Endurance Fund II, L.P. | Private Equity | $904.3M | $100K |
| Thrivent White Rose Endurance Fund IV, L.P. | Private Equity | $901.1M | $100K |
| Thrivent White Rose Endurance Fund III LP | Private Equity | $896.2M | $100K |
See all 36 funds — unlock the full record.
Join to unlock · $37/moThrivent Investment Capital Advisors, LLC owners & executives
8 reported| Name | Title | Ownership | Since |
|---|---|---|---|
| Andrew Dylan Norgard Control | Treasurer | Under 5% | 2026 |
| David Scott Royal Control | Elected Manager | Under 5% | 2026 |
| Gregory Richard Anderson Control | Elected Manager And President | Under 5% | 2025 |
| Jenna Karen Jenson Control | Chief Legal Officer And Secretary | Under 5% | 2025 |
| Jerome Harvey Borden Control | Chief Compliance Officer | Under 5% | 2025 |
| Michael Walden Kremenak Control | Elected Manager | Under 5% | 2026 |
| Thrivent Financial Holdings, Inc. Control | Shareholder | Over 75% | 2025 |
| Thrivent Financial For Lutherans Control | Shareholder | Over 75% | 1986 |
Frequently asked questions
How much does Thrivent Investment Capital Advisors, LLC manage?
Thrivent Investment Capital Advisors, LLC reports $22.8 billion in regulatory assets under management on its Form ADV.
How many private funds does Thrivent Investment Capital Advisors, LLC manage?
Thrivent Investment Capital Advisors, LLC manages 36 private funds with combined gross assets of $20.9 billion.
How many employees does Thrivent Investment Capital Advisors, LLC have?
Thrivent Investment Capital Advisors, LLC reports 66 employees.
Where is Thrivent Investment Capital Advisors, LLC located?
Thrivent Investment Capital Advisors, LLC is based in Minneapolis, MN and has been SEC-registered since 2025.
Does Thrivent Investment Capital Advisors, LLC disclose fund performance?
Thrivent Investment Capital Advisors, LLC is not required to publicly disclose fund returns. Form ADV filings include assets, ownership, and service providers, shown above.
Contact & registration
| Address | 901 Marquette Avenue, Suite 2500, Minneapolis, MN 55402-3211 |
| Phone | 800-847-4836 |
| Fax | 612-844-4307 |
| Office hours | 8a.m.-5p.m. |
| SEC region | Chicago Regional Office (CHRO) |
| CIK | 2103963 |
| Discloses disciplinary history | No |
Regulatory AUM
$22.78B▲ 46%
Sep '25Form ADV, monthlyJun '26
How this firm compares
Regulatory AUMTop 5%
Larger than 95% of 16,271 advisers
AUM vs fund managersTop 9%
Larger than 91% of 6,004 private-fund managers
Number of fundsTop 6%
More funds than 94% of fund managers
EmployeesTop 10%
More than 90% of 16,825 advisers
Assets under management
$22.78Bregulatory AUM
Discretionary $22.78B