The PROVIDENT ADVISORS LLC is a privately held investment adviser that advises $61.88Bn in regulatory assets under management held in 1 SEC fund types across 3 investment strategies. PROVIDENT ADVISORS LLC is a Private Fund A private fund manager is a manager whose >=75% of total assets under management are in private funds (privately offered pooled vehicles for accredited or qualified investors, generally accessed through placements with higher minimums, restricted eligibility, and negotiated terms) Manager. Assets increased by 1,517.1% over the last 5-years.
The Group has been registered with the SEC for 14.81 years and is comprised of 2 filing and 2 relying advisers. They operate out of 10 office locations with their Headquarters at 401 LAKE STREET EAST 3RD FLOOR, WAYZATA, MINNESOTA. The Group has been subject to regulatory enforcement actions. They are regulated by 6 US and Non-US bodies.
They have 390 employees comprised of 141 investment and 249 non-investment staff. The total number of Employees increased by 261.11% over the last 5-years.
Their $61.88Bn in assets advised are owned by 21 private funds, 0 public funds and BDCs and 0 other accounts. Assets of Pooled Investment Vehicles (Not IC or BDC) clients total $61.88Bn or 100% of Total Assets.
The Group's top investment strategies include Multi Strat, Long/Short Equity and Quantitative Trading, representing 98.28%, 1.53% and 0.2% of total assets, respectively.
They advise 1 types of clients, top clients are Pooled Investment Vehicles (Not IC or BDC).
The Group uses 1 Fund Administrators, 1 Fund Auditors, 12 Prime Brokers, 15 Custodians and 3 Marketers. It does not report a third-party Fund Administrator in 0 private funds with $0 in assets.
The Group discloses management fees and performance-based fees.
PROVIDENT ADVISORS LLC names 1 sub-adviser SEE SCHEDULE D - MISCELLANEOUS to 12 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.