# KABOUTER MANAGEMENT, LLC

KABOUTER MANAGEMENT, LLC of CHICAGO, IL is an SEC-registered investment adviser. This firm reports disciplinary history on Form ADV.

## Registration

- CRD: 153099
- Type: SEC-registered investment adviser
- SEC file number: 801-71611
- Location: 401 NORTH MICHIGAN AVENUE, SUITE 640, CHICAGO, IL, 60611
- Phone: 312-546-4260
- Latest filing: 2026-03-30
- Regulatory AUM: $992.5M
- Discretionary AUM: $992.5M
- Clients: 15
- Accounts: 6

## Business model

- Compensation: % of AUM, Performance
- Clients served: High net worth, Pooled vehicles, Investment cos

## Officers, owners & control persons (11)

| Name | Role | Location |
| --- | --- | --- |
| [Sandeep Shah](https://search.stillhousedata.com/person/52870) | CHIEF FINANCIAL OFFICER | Chicago, IL |
| [Peter Zaldivar](https://search.stillhousedata.com/person/716893) | CO-CHIEF EXECUTIVE OFFICER; PRINCIPAL | — |
| [Linda Choi](https://search.stillhousedata.com/person/716894) | CHIEF OPERATING OFFICER & CHIEF COMPLIANCE OFFICER; CHIEF OPERATING OFFICER & INTERIM CHIEF COMPLIANCE OFFICER | Chicago, IL |
| [Marcel Paco Houtzager](https://search.stillhousedata.com/person/716895) | CO-CHIEF EXECUTIVE OFFICER; PRINCIPAL | — |
| [HEIN DAVID](https://search.stillhousedata.com/person/743712) | CHIEF COMPLIANCE OFFICER | — |
| [YARBROUGH CHRISTOPHER KEENE](https://search.stillhousedata.com/person/759315) | CHIEF COMPLIANCE OFFICER AND GENERAL COUNSEL; CHIEF COMPLIANCE OFFICER AND SENIOR LEGAL COUNSEL | — |
| [ZALDIVAR PETER](https://search.stillhousedata.com/person/803520) | CO-CHIEF EXECUTIVE OFFICER; MANAGING MEMBER; PRINCIPAL | — |
| [HOUTZAGER MARCEL PACO](https://search.stillhousedata.com/person/803521) | CO-CHIEF EXECUTIVE OFFICER; MANAGING MEMBER; PRINCIPAL | — |
| [CHOI LINDA](https://search.stillhousedata.com/person/803522) | CHIEF COMPLIANCE OFFICER/CHIEF OPERATING OFFICER; CHIEF OPERATING OFFICER | — |
| [Shah Sandeep](https://search.stillhousedata.com/person/841402) | CHIEF FINANCIAL OFFICER | — |
| [Kim Jain](https://search.stillhousedata.com/person/869116) | CHIEF COMPLIANCE OFFICER | — |


## Disclosures (6)

| Initiated | Type | Allegations | Status | Amount |
| --- | --- | --- | --- | --- |
| 2019-08-14 | regulatory | FAILURE AS A SHAREHOLDER TO COMPLY WITH DEADLINE FOR NOTIFICATION OF TRANSACTIONS BY MAJOR SHAREHOLDERS UNDER ARTICLE 114, PARAGRAPH 7 OF LEGISLATIVE DECREE NO. 58/1998. | Final | $40K |
| 2019-01-21 | regulatory | FAILURE AS A SHAREHOLDER TO COMPLY WITH THE DEADLINE FOR NOTIFICATION OF MAJOR HOLDINGS AND VOTING RIGHTS AS REFERRED TO IN CHAPTER 9, SECTION 9( 1) OF THE SECURITIES MARKETS ACT. | Final | $180K |


## Private funds (4)

Mix: Hedge Fund 2 · Other Private Fund 2

| Fund | Type | Formed | Owners | GAV | Min investment |
| --- | --- | --- | --- | --- | --- |
| KABOUTER FUND I (QP), LLC | Hedge Fund | Delaware | 34 | $191.0M | $500K |
| KABOUTER INTERNATIONAL OPPORTUNITIES FUND II, LLC | Other Private Fund | Delaware | 34 | $97.5M | $500K |
| KABOUTER FUND II, LLC | Hedge Fund | Delaware | 27 | $61.4M | $500K |
| KABOUTER TRANSITION VEHICLE I, LLC | Other Private Fund | Delaware | 16 | $32.7M | $500K |


## Fund service providers (1)

- administrator: MORGAN STANLEY FUND SERVICES USA LLC — 4 funds

## Related pages

- Form ADV Part 2 brochure: https://search.stillhousedata.com/firm/153099/brochure
- Similar advisers: https://search.stillhousedata.com/firm/153099/similar
- Related entities: https://search.stillhousedata.com/firm/153099/related
- SEC IAPD (source of record): https://adviserinfo.sec.gov/firm/summary/153099

---

Source: public SEC Form ADV data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.