Managers/Private credit/Illinois/Prep Investment Advisers

Prep Investment Advisers

Prep Investment Advisers is a private credit and private equity manager in Chicago, IL. It is registered with the SEC as an investment adviser with $1.9B in regulatory assets and 34 staff. It has 12 funds on file, the latest reported in June 2026.

Funds on file
12
Raised, all funds
$1.6B
Regulatory assets
$1.9B
Staff
34
Pension investors
None found
See the adviser's own filing →

Latest fund filing

Funds

DateFundTypeRaisedTarget
Jun 2026 Pearlmark Mezzanine Realty Partners VI-WS, L.P. Private credit $0 Not given
Dec 2025 Pearlmark Realty Senior Mortgage Partners I-B, L.L.C. Private equity $0 $1.5B
Dec 2025 Pearlmark Realty Senior Mortgage Partners I, L.P. Private equity $0 $1.5B
Aug 2025 PEARLMARK MEZZANINE REALTY PARTNERS VI FEEDER REIT, L.L.C. Private credit $378.7M $475M
Aug 2025 PEARLMARK MEZZANINE REALTY PARTNERS VI, L.P. Private credit $378.7M $475M
Mar 2025 PEARLMARK EQUITY PARTNERS II, L.P. Private equity $133M Not given
Mar 2025 PEARLMARK EQUITY PARTNERS II-PL, L.P. Private equity $133M Not given
Nov 2024 PEARLMARK MEZZANINE REALTY PARTNERS VI-PL, L.P. Private credit $286.8M Not given
Aug 2024 PEARLMARK EQUITY PARTNERS II-B, L.L.C. Private equity $0 Not given
Aug 2024 PEARLMARK MEZZANINE REALTY PARTNERS VI-LFG, L.P. Private credit $0 $100M
Dec 2021 PEARLMARK MEZZANINE REALTY PARTNERS V, L.P. Private credit $137.1M $480M
Dec 2021 PEARLMARK MEZZANINE REALTY PARTNERS V-WS, L.P. Private credit $137.1M $500M

Adviser record

RegistrationRegistered with the SEC as an investment adviser.
Regulatory assets$1.9B
Employees34
Clients5 private funds.
Control personsLinwood, Earle Bradford, Jung, Won Lee, Douglas, Wechsler Lyons, Robert, Stedman Pearce, Stephen, Renato Quazzo.
Private funds3 private funds holding $368.3M in gross assets.

Private funds it reports

FundTypeGross assets
Pearlmark Mezzanine Realty Partners V Real estate $183.7M
Pearlmark Equity Partners II Real estate $178M
Pearlmark Mezzanine Realty Partners IV Real estate $6.7M