Carmel Partners

Real Estate SEC-registered adviser

Legal name: Carmel Management III, LLC

San Francisco, CA Website

AUM

$8.0B
Regulatory AUM

Private funds

8
Real Estate 8

Private fund assets

$8.0B
Gross asset value

Employees

164

Last Form D raise

Apr 2025
Most recent fund filing

From SEC Form ADV filing (filed Mar 31, 2026). View on SEC

People(6)

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

B
Bryan Crane
Executive Committee Member, Managing Partner & Chief Investment Officer
Source: SEC Form ADV
E
Elizabeth Tennican
Executive Committee Secretary, Managing Partner & Head of Investor Relations
Source: SEC Form ADV
M
Matthew Golden
Executive Committee Member, General Counsel, Managing Partner & Chief Compliance Officer
Source: SEC Form ADV
M
Michael Halper
Vice Chair of Executive Committee
Source: SEC Form ADV
P
Phillip Owens
Executive Committee Member, Managing Partner & Chief Financial Officer
Source: SEC Form ADV
R
Ron Zeff
Executive Committee Chair, Managing Member & Chief Executive Officer
Source: SEC Form ADV

Funds(8)

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

FundTypeGross assetsRaised (Form D)InvestorsLast Form DRecency
Carmel Partners Investment Fund IX, L.P.Real Estate$1.1B$691.8M44Apr 2025Cool
Carmel Partners Investment Fund VIII, L.P.Real Estate$2.1B$1.5B97Oct 2022Cold
Carmel Partners Investment Fund VII, LPReal Estate$1.6B——Aug 2018Cold
Carmel Partners Investment Fund VI, LPReal Estate$1.2B$941.8M72Dec 2016Cold
Carmel Partners Investment Fund V, LPReal Estate$1.1B$1.0B151Jul 2014Cold
Cp VIII Westlake Jv, LPReal Estate$495.0M———
Cp VIII Co-Investment Jv, LPReal Estate$424.7M———
Carmel Partners Investment Fund III, LPReal Estate————

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
160892
SEC file number
801-74214

Sources