Makena Capital Management LLC

Search
⚲

Makena Capital Management LLC ✚
CRD #	156855
SEC #	801-74068
CIK #	0001359262
AUM	24.28 B (2026-03-31)
Employees	77 (39% Investors, 0% Brokers)
Fees
Minimum
Phone	650-926-0510
Address	2755 Sand Hill Road Menlo Park, CA 94025
Source	[IAPD] [EDGAR] [Website] [LinkedIn]

Total AUM ($B) Copy

Sector	Form 13F Holdings	Value ($B)
	Amazon Com Inc	0.0
	Guidewire Software Inc	0.0
	Taiwan Semiconductor Manufacturing Co Ltd	0.0
	Veeva Systems Inc	0.0
	Visa Inc	0.0
	Mastec Inc	0.0
	Liberty Live Holdings Inc	0.0
	Moodys Corp /DE/	0.0
	Microsoft Corp	0.0
	CRH Public Ltd Co	0.0
View All

Holdings by Sector ($B)

Type	Form D Funds	Date	Sold	AUM
PE	Makena Opportunity Fund LP	[2026-02-26]		35.6 M
	Filed 2025-03-31 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Net Assets Not Applicable
HF	Makena Capital Associates Bridge Cayman Ltd	[2022-05-25]	50.0 M	25.0 M
	Filed 2023-04-21 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF	Makena Active Equity Portfolio LP	[2021-03-30]	340.3 M	80.4 M
	Filed 2025-07-15 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF	Makena Active Equity Portfolio Master LP	[2021-03-30]	340.3 M	495.5 M
	Filed 2025-07-15 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF	Makena Emerging Markets Master Fund B LP	[2020-03-30]		371.8 M
	Filed 2019-04-25 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF	Makena Emerging Markets Master Fund Blue LP	[2020-03-30]		1,221.0 M
	Filed 2019-04-25 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF	Makena Long-Short Master Fund B LP	[2020-03-30]		840.5 M
	Filed 2019-04-25 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF	Makena Long-Short Master Fund Blue LP	[2020-03-30]		1,287.0 M
	Filed 2019-04-25 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
PE	Makena Private Equity Fund III LP	[2020-03-30]		233.8 M
	Offered $150,000,000 · Filed 2015-04-13 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining $150,000,000 · Duration One year or less · Net Assets Decline to Disclose
PE	Makena Strategic Opportunities Fund - SH RE LP	[2020-03-30]	100.0 M	88.7 M
	Offered $100,000,000 · Filed 2020-03-11 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Duration One year or less · Net Assets Decline to Disclose
HF	Alternative Endowment Portfolio Cayman LP	[2020-02-13]	112.5 M	1,085.9 M
	Filed 2020-01-06 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Net Assets Decline to Disclose
PE	Makena Strategic Opportunities Fund - Kandle LP	[2020-02-13]	56.5 M	183.5 M
	Offered $200,000,000 · Filed 2019-03-26 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining $143,500,000 · Duration One year or less · Net Assets Decline to Disclose
HF	Makena Emerging Markets Fund LP	[2019-08-29]		21.3 M
	Filed 2019-04-25 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF	Makena Long-Short Fund LP	[2019-08-29]		0.1 M
	Filed 2019-04-25 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF	Makena Strategic Opportunities Portfolio LP	[2019-08-29]		70.6 M
	Filed 2019-04-25 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
PE	Coast to Coast Real Asset Fund LP	[2018-02-28]	292.0 M	191.9 M
	Offered $292,000,000 · Filed 2017-07-28 (D) · Exemption 506(b), 3(c), 3(c)(7) · Duration One year or less · Net Assets Decline to Disclose
PE	Makena International Real Estate Master Fund B LP	[2018-02-28]		329.0 M
	Filed 2017-12-29 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Not Applicable
PE	Makena International Real Estate Master Fund Blue LP	2018-02-28		270.8 M
PE	Makena Perpetual Global Real Estate Fund Cayman LP	2018-02-28		0.0 M
PE	Makena Perpetual Global Real Estate Fund LP	[2018-02-28]	82.4 M	1.2 M
	Filed 2020-03-12 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Not Applicable
PE	Makena Perpetual Private Equity Fund Cayman LP	2018-02-28		290.2 M
HF	Makena Perpetual Private Equity Fund LP	[2018-02-28]	2,838.4 M	1,690.4 M
	Filed 2025-07-15 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
PE	Makena Perpetual Sustainable Natural Resources Fund Cayman LP	2018-02-28		0.0 M
PE	Makena Perpetual Sustainable Natural Resources Fund LP	[2018-02-28]	144.8 M	1.3 M
	Filed 2020-03-12 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Not Applicable
PE	Makena Perpetual Traditional Natural Resources Fund Cayman LP	2018-02-28		0.0 M
PE	Makena Perpetual Traditional Natural Resources Fund LP	[2018-02-28]	90.3 M	2.0 M
	Filed 2020-03-12 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Not Applicable
PE	Makena Perpetual US Real Estate Fund Cayman LP	2018-02-28		73.8 M
HF	Makena Perpetual US Real Estate Fund LP	[2018-02-28]	498.0 M	192.9 M
	Filed 2025-07-15 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
PE	Makena Perpetual Venture Capital Fund Cayman LP	2018-02-28		374.5 M
HF	Makena Perpetual Venture Capital Fund LP	[2018-02-28]	1,572.1 M	1,511.1 M
	Filed 2025-07-15 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Commission $156 · Net Assets Decline to Disclose
PE	Makena Private Equity Master Fund B LP	[2018-02-28]		2,454.6 M
	Filed 2017-06-29 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
PE	Makena Private Equity Master Fund Blue LP	2018-02-28		1,503.0 M
PE	Makena Strategic Opportunities Fund - KH Cayman LP	2018-02-28		109.8 M
PE	Makena Strategic Opportunities Fund - KH Inc	2018-02-28		29.4 M
PE	Makena Strategic Opportunities Fund - KH LLC	2018-02-28		78.1 M
PE	Makena Strategic Opportunities Fund - KH LP	[2018-02-28]	100.0 M	27.8 M
	Offered $100,000,000 · Filed 2017-03-09 (D) · Exemption 506(b), 3(c), 3(c)(7) · Duration One year or less · Net Assets Decline to Disclose
PE	Makena Strategic Opportunities Fund - KH Parallel LLC	2018-02-28		0.8 M
PE	Makena Sustainable Natural Resource Master Fund B LP	[2018-02-28]		232.4 M
	Filed 2017-12-29 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Not Applicable
PE	Makena Sustainable Natural Resource Master Fund Blue LP	2018-02-28
PE	Makena Traditional Natural Resource Master Fund B LP	[2018-02-28]		963.5 M
	Filed 2017-12-29 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Not Applicable
PE	Makena Traditional Natural Resource Master Fund Blue LP	2018-02-28		41.5 M
PE	Makena US Real Estate Master Fund B LP	[2018-02-28]		1,683.0 M
	Filed 2017-06-29 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
PE	Makena US Real Estate Master Fund Blue LP	2018-02-28
PE	Makena Venture Capital Master Fund B LP	[2018-02-28]		2,270.7 M
	Filed 2017-06-29 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
PE	Makena Venture Capital Master Fund Blue LP	2018-02-28
PE	Makena Real Estate Fund II Cayman LP	2017-03-30		37.6 M
PE	Makena Private Equity Fund III Cayman LP	2016-03-30		63.8 M
PE	Makena Contingent Capital Account III-Moma LP	[2016-02-04]	20.0 M	42.3 M
	Offered $20,000,000 · Filed 2015-05-18 (D) · Exemption 506(b), 3(c), 3(c)(7) · Duration One year or less · Net Assets Decline to Disclose
PE	Makena Private Equity Fund III LP	[2016-02-04]		178.0 M
	Offered $150,000,000 · Filed 2015-04-13 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining $150,000,000 · Duration One year or less · Net Assets Decline to Disclose
PE	Makena Real Estate Fund II LP	[2016-02-04]		46.8 M
	Offered $150,000,000 · Filed 2016-03-30 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining $150,000,000 · Duration One year or less · Commission $60,000 · Net Assets Decline to Disclose
Other	Makena Factor Fund LP	[2015-08-31]	180.0 M	28.7 M
	Filed 2015-04-14 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Net Assets Decline to Disclose
PE	Makena Contingent Capital Account III-A LP	[2014-02-19]
	Filed 2013-02-25 (D) · Exemption 506, 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Net Assets Decline to Disclose
PE	Makena Contingent Capital Account III-By LP	[2014-02-19]	60.0 M	0.1 M
	Offered $60,000,000 · Filed 2013-04-23 (D) · Exemption 506, 3(c), 3(c)(7) · Duration More than one year · Net Assets Decline to Disclose
PE	Makena Contingent Capital Account III-E LP	[2014-02-19]	50.0 M	0.1 M
	Offered $50,000,000 · Filed 2014-02-04 (D) · Exemption 506(b), 3(c), 3(c)(7) · Duration One year or less · Net Assets Decline to Disclose
HF	Makena Liquid Endowment B Associates Cayman LP	2014-02-19
HF	Makena Liquid Endowment B Associates LP	[2014-02-19]	75.0 M
	Filed 2014-02-12 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
PE	Makena Private Equity Fund II LP	[2014-02-19]		31.4 M
	Offered $100,000,000 · Filed 2013-09-11 (D) · Exemption 506, 3(c), 3(c)(7) · Remaining $100,000,000 · Duration One year or less · Net Assets Decline to Disclose
HF	MLEF B Holdings B LP	[2014-02-19]	75.0 M
	Filed 2014-02-12 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF	MLEF B Holdings Blue LP	2014-02-19
HF	Makena Absolute Return Associates Cayman LP	[2013-02-20]	654.6 M	109.0 M
	Filed 2019-04-17 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Commission $100,000 · Net Assets Decline to Disclose
HF	Makena Absolute Return Associates LP	[2013-02-20]	654.6 M	18.1 M
	Filed 2019-04-17 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Commission $100,000 · Net Assets Decline to Disclose
HF	Makena Absolute Return Blocker Y Cayman LP	[2013-02-20]	26.1 M
	Filed 2017-04-14 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF	Makena Absolute Return Splitter X LP	[2013-02-20]	38.3 M
	Filed 2017-04-14 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF	Makena Absolute Return Splitter Y LP	[2013-02-20]	26.1 M
	Filed 2017-04-14 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
PE	Makena NZ Cayman LP	[2013-02-20]	128.9 M	11.3 M
	Offered $128,910,000 · Filed 2012-07-24 (D/A) · Exemption 506, 3(c), 3(c)(7) · Duration One year or less · Net Assets Decline to Disclose
PE	Makena Private Equity Fund LP	[2013-02-20]	128.9 M	8.7 M
	Offered $128,910,000 · Filed 2012-07-24 (D/A) · Exemption 506, 3(c), 3(c)(7) · Duration One year or less · Net Assets Decline to Disclose
HF	MARF Holdings B LP	2013-02-20		119.8 M
HF	MARF Holdings Blue LP	[2013-02-20]	333.6 M
	Filed 2019-04-18 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
Other	MFIF Holdings Blue LP	2013-02-20		61.0 M
HF	Makena Capital Associates Cayman LP	2012-02-14		2,895.6 M
HF	Makena Capital Associates US LP	2012-02-14		7,058.9 M
HF	Makena Capital Aurora Splitter A LP	2012-02-14
HF	Makena Capital Aurora Splitter B LP	2012-02-14
HF	Makena Capital Blocker Y Cayman LP	[2012-02-14]	942.9 M	1,632.8 M
	Filed 2024-02-26 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Commission $550,000 · Net Assets Decline to Disclose
HF	Makena Capital Holdings A LP	[2012-02-14]	24.19 B
	Filed 2024-02-26 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Commission $550,000 · Net Assets Decline to Disclose
HF	Makena Capital Holdings B LP	2012-02-14		13.66 B
HF	Makena Capital Holdings Blue LP	2012-02-14		5,701.3 M
HF	Makena Capital Holdings Maroon LP	2012-02-14
HF	Makena Capital Holdings M LP	2012-02-14
HF	Makena Capital Holdings Prime LP	2012-02-14
HF	Makena Capital Splitter A LP	2012-02-14
HF	Makena Capital Splitter B LP	2012-02-14		2,870.8 M
HF	Makena Capital Splitter M LP	[2012-02-14]	593.3 M
	Filed 2017-01-26 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF	Makena Capital Splitter Prime LP	[2012-02-14]	65.8 M
	Filed 2017-01-26 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF	Makena Capital Splitter X LP	[2012-02-14]	4,152.5 M	3,711.7 M
	Filed 2025-07-15 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Commission $550,000 · Net Assets Decline to Disclose
HF	Makena Capital Splitter Y LP	[2012-02-14]	970.3 M	1,487.0 M
	Filed 2025-07-15 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Commission $550,000 · Net Assets Decline to Disclose
HF	Makena Capital US LP	2012-02-14		797.3 M
PE	Makena Contingent Capital Account II LP	[2012-02-14]	415.5 M
	Offered $1,000,000,000 · Filed 2010-01-15 (D) · Exemption 506, 3(c), 3(c)(7) · Remaining $584,500,000 · Duration One year or less · Net Assets Decline to Disclose
PE	Makena Contingent Capital Account LP	[2012-02-14]	372.5 M	0.8 M
	Offered $372,500,000 · Filed 2009-07-29 (D/A) · Exemption 506, 3(c), 3(c)(7) · Duration One year or less · Net Assets Decline to Disclose
Other	Makena Fixed Income Fund LP	[2012-02-14]	712.3 M
	Filed 2024-02-26 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF	Makena Liquid Endowment Associates Cayman LP	[2012-02-14]	268.8 M	1.5 M
	Filed 2015-01-14 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF	Makena Liquid Endowment Associates LP	[2012-02-14]	728.6 M	2.0 M
	Filed 2015-01-14 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF	Makena Liquid Endowment Blocker Y Cayman LP	[2012-02-14]	107.6 M
	Filed 2015-01-14 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF	Makena Liquid Endowment Splitter X LP	[2012-02-14]	199.8 M	0.4 M
	Filed 2015-01-14 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF	Makena Liquid Endowment Splitter Y LP	[2012-02-14]	104.3 M
	Filed 2015-01-14 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
PE	Makena Real Estate Fund LP	[2012-02-14]	240.8 M	26.1 M
	Offered $300,000,000 · Filed 2011-03-29 (D) · Exemption 506, 3(c), 3(c)(7) · Remaining $59,190,000 · Duration One year or less · Net Assets Decline to Disclose
HF	MLEF Holdings B LP	[2012-02-14]	855.5 M	3.0 M
	Filed 2015-01-14 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF	MLEF Holdings Blue LP	2012-02-14

AUM Breakdown	Accounts	AUM ($B)
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	36	23.6
(g) Pension and profit sharing plans	0	0.0
(h) Charitable organizations	12	0.7
(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	48	24.3
By Discretionary
Discretionary	43	23.8
Non-Discretionary	5	0.5
Total	48	24.3
By Non-United States Persons
Non-United States Persons		5.0
United States Persons		19.2
Total	48	24.3

Form D Directors	Role	# Filings	# Firms
Michael Ross	Director, Promoter	88	5
William Miller	Director, Promoter	165	4
Kevin Clayton	Director	101	4
Michel del Buono	Director	47	4
David Burke	Director, Promoter	73	3
Ashley Marks	Director	71	3
Christopher Heller	Director	69	3
Agustin Araya	Director	66	3
Eric Upin	Director, Promoter	51	3
Jackson Garton	Director	18	3
View All

EDGAR Form	CIK	2011 - 2026
13F-HR	[0001359262]
3	[0001359262]
4	[0001359262]
SC 13G	[0001359262]

Form 13D/13G Filer	Form 13D/13G Subject	Filed
Makena Capital Management LLC	KKR Real Estate Finance Trust Inc	[2018-01-10]

Firm Profile (Form ADV)
Discretionary AUM	$16.4B
Serves	Institutional
Fund Types	Hedge Fund, Private Equity, Real Estate
LEI	UURSSPIRN7ED1RZEJM71

Related People Network
38 people file Form D offerings alongside this firm's people.

Form 3/4/5 Subject	2011 - 2026
KKR Real Estate Finance Trust Inc
Makena US Real Estate Master Fund B LP
Makena Capital Management LLC

Insider Transaction (Form 3/4/5)	Date	Action	Shares	Price	Value ($)
KKR Real Estate Finance Trust Inc KREF Common Stock	2018-11-19	Sell	2,250,000	$20.00	45,000,000

Comparable Firms	State	AUM
Beach Point Capital Management LP ✚	CA	29.77 B
Benefit Street Partners LLC ✚	NY	28.32 B
Pretium Residential Credit Management LLC ✚	NY	28.19 B
Commonfund OCIO Inc ✚	CT	22.66 B
Prime Finance Advisor LP ✚	CA	22.22 B
Waterfall Asset Management LLC ✚	NY	22.04 B
Rialto Capital Management LLC ✚	FL	21.73 B
MSD Partners LP ✚	NY	21.30 B
Knighthead Capital Management LLC ✚	NY	18.99 B
Fidelity Diversifying Solutions LLC ✚	MA	18.88 B

Makena Capital Management LLC

Assets, Funds, Holdings