Badger Fbn 2025, LLC
Private Equity FundFund ID 805-6450531960Delaware, United States
Gross assets
$1.3B
Min. investment
—
Beneficial owners
1
Size rank
Top 6%
Audited
Yes
Structure
Master
About this fund
Badger Fbn 2025, LLC is a private equity fund managed by Thrivent Investment Capital Advisors, LLC. The fund reports $1.3 billion in gross assets, placing it among the top 6% of private funds by size. Its financial statements are audited annually. Private funds are not required to publicly disclose returns; Form ADV reports assets, structure, and service providers, shown above.
Fund details
| Fund ID | 805-6450531960 |
| Fund type | Private Equity Fund |
| 3(c)(1) exclusion | Yes |
| 3(c)(7) exclusion | Yes |
| Master fund | Yes |
| Feeder fund | No |
| Fund of funds | Yes |
| Relies on exemption from registration | No |
| Annual audit | Yes |
| Prepared per GAAP | Yes |
| Sub-advised | No |
| Sales limited to qualified investors | Yes |
| % of assets independently valued | 100% |
Other funds from this manager
| Fund | Type | Gross assets |
|---|---|---|
| Thrivent White Rose Fund XVI Fund of Funds LP | Private Equity | $2B |
| Thrivent White Rose Fund XV Fund of Funds LP | Private Equity | $1.49B |
| Thrivent White Rose Fund XIV Fund of Funds, L.P. | Private Equity | $1.43B |
See all 35 funds from this manager — unlock the full record.
Join to unlock · $37/moFrequently asked questions
How large is Badger Fbn 2025, LLC?
Badger Fbn 2025, LLC reports $1.3 billion in gross assets, among the top 6% of private funds by size.
Who manages Badger Fbn 2025, LLC?
Badger Fbn 2025, LLC is managed by Thrivent Investment Capital Advisors, LLC.
Does Badger Fbn 2025, LLC disclose returns?
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.
Manager
T
Minneapolis, MN
Service providers
Reported gross assets
$1.3BNo change
Mar '26Form ADV, monthlyJun '26
How this fund compares
Gross assetsTop 6%
Larger than 94% of 67,041 private funds
Gross assets vs Private Equity FundsTop 5%
Larger than 95% of 31,066 private equity funds
Investor base
Adviser & related persons1%
Funds of funds%
Non-U.S. persons%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.