Ariel Alternatives LLC

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Assets, Funds, Holdings

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Ariel Alternatives LLC
CRD #314178
SEC #801-121577
CIK #
AUM $1.4 B (2025-04-25)
Employees 82 (20% Investors, 13% Brokers)
Phone312-726-0140
Address200 E Randolph Street
Chicago, IL 60601-6505
Source [IAPD] [Website] [LinkedIn] [Instagram]
Total AUM ($M)
17001360102068034002011201620212026
Type Form D Funds Date Sold ($M) AUM ($M)
PE Project Black Sparta II Inclusion Co-Investment LLC [2023-03-31] 1,082.5 98.1
PE Project Black Coordinated Participation Fund LP [2021-10-21] 0.0 98.6
PE Project Black LP [2021-10-21] 1,082.5 1,249.8
AUM Breakdown Accounts AUM ($M)
By Client Type
(a) Individuals (other than high net worth individuals) 0 0.0
(b) Individuals (high net worth individuals) 0 0.0
(c) Banking or thrift institutions 0 0.0
(d) Investment companies 0 0.0
(e) Business development companies 0 0.0
(f) Pooled investment vehicles 3 1,446.5
(g) Pension and profit sharing plans 0 0.0
(h) Charitable organizations 0 0.0
(i) State or municipal government entities 0 0.0
(j) Other investment advisers 0 0.0
(k) Insurance companies 0 0.0
(l) Sovereign wealth funds and foreign official institutions 0 0.0
(m) Corporations or other businesses not listed above 0 0.0
(n) Other 0 0.0
Total 3 1,446.5
By Discretionary
Discretionary 3 1,446.5
Non-Discretionary 0 0.0
Total 3 1,446.5
By Non-United States Persons
Non-United States Persons 0.0
United States Persons 1,446.5
Total 3 1,446.5
Form D Directors # Filings # Firms 2011 - 2025
Leslie Brun 7
Comparable Firms State AUM ($B)
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NY 1.5
Mountaingate Management Co LLC
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Goodfinch Management LLC
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NMS Capital Services LLC
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HCI Equity Management LP
DC 1.4
Juggernaut Management LLC
DC 1.4
Indigo Partners LLC
AZ 1.4
SLW Management Company LLC
CA 1.4
Cohesive Capital Management LP
NY 1.4
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