Air Asset Management is an SEC-registered investment adviser based in Chicago, IL that reports managing 8 hedge funds on Form ADV. It reports $754.2 million in regulatory assets under management. Its private funds, of all types, hold $612.2 million in gross assets.
- Regulatory assets under management
- $754.2 millionForm ADV Item 5.F
- Gross assets of private funds
- $612.2 millionAll private fund types, Form ADV
- Hedge funds managed
- 813 private funds in total
- Employees
- 18Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 288165
- Latest Form ADV
- 07/30/2026Disciplinary disclosures: none reported
Private funds reported on Form ADV (17)
Fund
Gross assets
Minimum
Owners
Adviser
Air U.S. Life Fund II QP, LP
Delaware, United StatesHedge fund
Gross assets$358M
Minimum$250K
Owners560
AdviserAir Asset Management
Air Policy Portfolio II, LP
Delaware, United StatesHedge fund
Gross assets$209M
Minimum$250K
Owners5
AdviserAir Asset Management
Air Policy Portfolio I, LP
Delaware, United StatesHedge fund
Gross assets$200M
Minimum$2.0M
Owners8
AdviserAir Asset Management
Air Life Sma, LP
Delaware, United StatesHedge fund
Gross assets$101M
Minimum$250K
Owners6
AdviserAir Asset Management
Air Life Opportunity Fund, LP
Delaware, United StatesHedge fund
Gross assets$75.0M
Minimum$250K
Owners10
AdviserAir Asset Management
Air Annuity and Life Settlement Fund, LP
Delaware, United StatesHedge fund
Gross assets$74.5M
Minimum$250K
Owners15
AdviserAir Asset Management
Air Private Credit Fund, LP
Delaware, United StatesHedge fund
Gross assets$61.5M
Minimum$250K
Owners5
AdviserAir Asset Management
Air US Life Fund II QP Offshore, LP
Delaware, United StatesHedge fund
Gross assets$49.5M
Minimum$250K
Owners126
AdviserAir Asset Management
Air U.s.life Fund II, LP
Delaware, United StatesHedge fund
Gross assets$49.4M
Minimum$250K
Owners77
AdviserAir Asset Management
Air Legal Finance Fund, LP
Delaware, United StatesHedge fund
Gross assets$38.5M
Minimum$250K
Owners32
AdviserAir Asset Management
Air U.S. Life Fund IV, LP
Delaware, United StatesHedge fund
Gross assets$38.2M
Minimum$250K
Owners58
AdviserAir Asset Management
Air U.S. Life Fund III, LP
Delaware, United StatesHedge fund
Gross assets$32.7M
Minimum$250K
Owners70
AdviserAir Asset Management
Air U.S. Life Fund I, LP
Delaware, United StatesHedge fund
Gross assets$11.7M
Minimum$250K
Owners35
AdviserAir Asset Management
Air U.S. Life Fund II Offshore, LP
Delaware, United StatesHedge fund
Gross assets$4.7M
Minimum$250K
Owners18
AdviserAir Asset Management
Air Finance Solutions Fund, LP
Delaware, United StatesHedge fund
Gross assets$1.8M
Minimum$100K
Owners5
AdviserAir Asset Management
Air U.S. Life Fund V, LP
Delaware, United StatesHedge fund
Gross assets$1.8M
Minimum$250K
Owners6
AdviserAir Asset Management
Air Legal Finance Fund Offshore, LP
Cayman IslandsHedge fund
Gross assets$0
Minimum$250K
Owners0
AdviserAir Asset Management
As reported in the adviser's Form ADV filed Nov 20, 2024. Funds also listed from Form D are shown above.
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. AltMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures