# ARDEN FUND MANAGEMENT, LLC

ARDEN FUND MANAGEMENT, LLC of PHILADELPHIA, PA is an SEC-registered investment adviser.

## Registration

- CRD: 164662
- Type: SEC-registered investment adviser
- SEC file number: 801-80193
- Location: 1600 MARKET STREET, SUITE 2600, PHILADELPHIA, PA, 19103
- Phone: 215-735-1313
- Latest filing: 2026-03-31
- Regulatory AUM: $1.1B
- Discretionary AUM: $1.1B
- Clients: 23
- Accounts: 13

## Business model

- Compensation: % of AUM, Performance, Other
- Clients served: Investment cos, Other

## Officers, owners & control persons (19)

| Name | Role | Location |
| --- | --- | --- |
| [Craig Allen Spencer](https://search.stillhousedata.com/person/692418) | CHAIRMAN & CHIEF EXECUTIVE OFFICER; GENERAL PARTNER AND 1% OWNER | — |
| [Joseph Santo Caruso](https://search.stillhousedata.com/person/692419) | CHIEF COMPLIANCE OFFICER / CHIEF OPERATING OFFICER | — |
| [Andrew Mark Nipon](https://search.stillhousedata.com/person/692420) | TRUSTEE | — |
| [Laurence Michael Nipon](https://search.stillhousedata.com/person/692421) | TRUSTEE | — |
| [Richard Eric Schatz](https://search.stillhousedata.com/person/692422) | TRUSTEE | — |
| [Steven Reed Saltzman](https://search.stillhousedata.com/person/692423) | CHIEF FINANCIAL OFFICER | — |
| [Alfred Joseph Dilmore](https://search.stillhousedata.com/person/707972) | CHIEF FINANCIAL OFFICER | — |
| [SPENCER SASH A](https://search.stillhousedata.com/person/799506) | GENERAL PARTNER | — |
| [SPENCER CRAIG ALLEN](https://search.stillhousedata.com/person/820254) | CHAIRMAN & CHIEF EXECUTIVE OFFICER; GENERAL PARTNER AND 1% OWNER | — |
| [CARUSO JOSEPH SANTO](https://search.stillhousedata.com/person/820255) | CHIEF COMPLIANCE OFFICER; CHIEF COMPLIANCE OFFICER / CHIEF OPERATING OFFICER | — |
| [NIPON ALBERT](https://search.stillhousedata.com/person/820256) | TRUSTEE | — |
| [NIPON PEARL](https://search.stillhousedata.com/person/820257) | TRUSTEE | — |
| [SPENCER CRAIG ANTHONY](https://search.stillhousedata.com/person/826340) | GENERAL PARTNER AND 1% OWNER | — |
| [CARUSO JOSEPH S](https://search.stillhousedata.com/person/833750) | CHIEF COMPLIANCE OFFICER | — |
| [NIPON ANDREW MARK](https://search.stillhousedata.com/person/848896) | TRUSTEE | — |
| [NIPON LAURENCE MICHAEL](https://search.stillhousedata.com/person/848897) | TRUSTEE | — |
| [Nipon Andrew](https://search.stillhousedata.com/person/849985) | TRUSTEE | — |
| [Nipon Laurence](https://search.stillhousedata.com/person/849986) | TRUSTEE | — |
| [Dilmore Alfred Joseph](https://search.stillhousedata.com/person/872019) | CHIEF FINANCIAL OFFICER | — |


## Private funds (10)

Mix: Real Estate Fund 8 · Private Equity Fund 2

| Fund | Type | Formed | Owners | GAV | Min investment |
| --- | --- | --- | --- | --- | --- |
| ARDEN INDUSTRIAL PARTNERS, L.P | Real Estate Fund | Delaware | 11 | $71.5M | $500K |
| AREPIII 1735 INVESTORS, LLC | Real Estate Fund | Delaware | 26 | $38.5M | $250K |
| AREPIII PARALLEL S FUND, LP | Real Estate Fund | Delaware | 4 | $30.0M | $100K |
| RXR ARDEN DIGITAL VENTURES FUND LP | Private Equity Fund | Delaware | 13 | $25.4M | — |
| ARDEN INDUSTRIAL PARTNERS PARALLEL S FUND, LP | Real Estate Fund | Delaware | 4 | $21.1M | $500K |
| ARDEN REAL ESTATE PARTNERS II, LP | Real Estate Fund | Delaware | 99 | $5.5M | $500K |
| ARDEN REAL ESTATE PARTNERS I, LP | Real Estate Fund | Delaware | 88 | $2.7M | $250K |
| ARDEN FUTUREPROOF, LLC | Private Equity Fund | Delaware | 9 | $2.6M | — |
| ARDEN REAL ESTATE PARTNERS II-Q, L.P | Real Estate Fund | Delaware | 50 | $330K | $500K |
| ARDEN OPPORTUNITY FUND II, LP | Real Estate Fund | Delaware | 99 | $175K | $250K |


## Branch offices (4)

| City | State | Employees | Phone |
| --- | --- | --- | --- |
| NEW YORK | NY | 1 | 2157351313 |
| — | — | 1 | 2157351313 |
| NEW YORK | NY | 1 | 2157351313 |
| — | — | 1 | 2157351313 |


## Fund service providers (1)

- administrator: CLIFTONLARSONALLEN, LLP — 5 funds

## Related pages

- Form ADV Part 2 brochure: https://search.stillhousedata.com/firm/164662/brochure
- Similar advisers: https://search.stillhousedata.com/firm/164662/similar
- Related entities: https://search.stillhousedata.com/firm/164662/related
- SEC IAPD (source of record): https://adviserinfo.sec.gov/firm/summary/164662

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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.