Calmwater Capital

Asset Manager SEC-registered adviser

Legal name: Calmwater Asset Management, LLC

El Segundo, CA Website

AUM

$792.5M
Regulatory AUM

Private funds

5
Real Estate 5

Private fund assets

$26.6M
Gross asset value

Employees

8

Last Form D raise

Mar 2021
Most recent fund filing

From SEC Form ADV filing (filed Mar 27, 2026). View on SEC

People(2)

Owners and executive officers named on the firm's SEC Form ADV.

D
David Cohen
Chairman
Source: SEC Form ADV
D
Dean Chang
Principal/General Counsel/Chief Compliance Officer
Source: SEC Form ADV

Funds(5)

Private funds reported on Form ADV, with amounts raised from the funds' SEC Form D filings.

FundTypeGross assetsRaised (Form D)InvestorsLast Form DRecency
Calmwater Real Estate Credit Fund IV (pf), LPReal Estate$58.3M——Mar 2021Cold
U.S. Real Estate Credit Fund III, LPReal Estate$106.4M$202.3M3Feb 2017Cold
U.S. Real Estate Credit Minimaster Fund III, LPReal Estate$104.1M$125.0M2Feb 2017Cold
Calmwater Real Estate Credit Fund IV, LPReal Estate$497.1M———
Calmwater Capital 3, LLCReal Estate$26.6M———

Board seats

Companies whose SEC Form D filings name one of this firm's people as a director, matched by name and office ZIP code.

No board seats matched from SEC filings yet.

Regulatory identifiers

CRD number
282617
SEC file number
801-109004

Sources