Shepherd Kaplan Krochuk, LLC

Shepherd Kaplan Krochuk LLC advises private investment funds, institutional clients (including pension plans, endowments and foundations), and high‑net‑worth individuals, and it provides both direct asset management and wealth‑management sub‑advisory services. Its offerings include sponsoring and managing private equity, venture capital and real estate funds, separately managed accounts, and providing investment advice related to Qualified Small Business dispositions under 26 U.S.C. § 1202.

The firm tailors programs to client objectives and, while it retains discretion for many asset‑management accounts, the bulk of reported assets are managed on a non‑discretionary basis (roughly $2.06 billion discretionary versus about $8.83 billion non‑discretionary of approximately $10.88 billion total). Investment activity spans concentrated venture, private‑equity and real‑estate structures, use of single‑asset or series vehicles, and the selective use of derivatives and commodity‑linked instruments — the firm maintains records and affirmations of exemptions from Commodity Trading Advisor status where applicable.

Compared with many enterprise advisors, SKK operates with a small client base and advisor headcount relative to its reported AUM — the brochure reports 89 clients and two advisors overseeing roughly $10.9 billion — and it has an extensive network of affiliated managers, a broker‑dealer, and technology and real‑estate joint‑venture relationships that participate in fund sponsorship, servicing and due diligence. The firm also discloses numerous related‑party arrangements, loan and guaranty structures, and the wind‑down or transition of legacy strategies and a registered investment company, factors that create governance and allocation considerations distinct from many peers.