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MAKENA CAPITAL MANAGEMENT, LLC
CRD 156855File 801-74068
APPROVED
Custody
Filing as of Mar 31, 2026
Feed vintage Aug 17, 2026
Regulatory AUM
$24.28B
Top 10% of cohort (national)
Discretionary AUM
$23.81B
Non-discretionary $464.9M
Clients
48
48 accounts
Employees
77
Top 10% of cohort in CA
Identity & registration
ADV Item 1- Organization form
- Limited Liability Company
- Firm type
- Registered
- SEC region
- SFRO
- Registration date
- Mar 30, 2012
- Principal office
- 2755 SAND HILL ROAD, SUITE 200, MENLO PARK, CA, 94025
- Phone
- 650-926-0510
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $24.28B
- Discretionary AUM
- $23.81B
- Non-discretionary AUM
- $464.9M
- Discretionary accounts
- 43
- Non-discretionary accounts
- 5
- Total accounts
- 48
- AUM per client
- $505.8M
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Charitable organizations | 12 | $673.8M |
| Pooled investment vehicles | 36 | $23.60B |
Compensation & activities
ADV Items 5E, 5GCompensation
- Other
- Other (described) — CARRIED INTEREST
- Performance-based fees
- A percentage of assets under your management
Advisory activities
- Selection of other advisers
- Portfolio management for businesses
- Portfolio management for pooled investment vehicles
Custody
ADV Item 9- Firm Custody Cash
- Yes
- Firm Custody Assets
- Yes
- Firm Custody Clients
- Yes
- Firm Custody Securities
- Yes
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- Yes
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To |
|---|---|---|---|
| Aug 12, 2026 | Registration | — | APPROVED |
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.