# THRIVENT INVESTMENT CAPITAL ADVISORS, LLC

THRIVENT INVESTMENT CAPITAL ADVISORS, LLC of MINNEAPOLIS, MN is an SEC-registered investment adviser.

## Registration

- CRD: 338378
- Type: SEC-registered investment adviser
- SEC file number: 801-134357
- Location: 901 MARQUETTE AVENUE, SUITE 2500, MINNEAPOLIS, MN, 55402-3211
- Phone: 800-847-4836
- Latest filing: 2026-03-30
- Regulatory AUM: $22.8B
- Discretionary AUM: $22.8B
- Clients: 66
- Accounts: 47

## Business model

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

## Officers, owners & control persons (16)

| Name | Role | Location |
| --- | --- | --- |
| [Gregory Richard Anderson](https://search.stillhousedata.com/person/663263) | ELECTED MANAGER; ELECTED MANAGER AND PRESIDENT | — |
| [Jenna Karen Jenson](https://search.stillhousedata.com/person/663264) | CHIEF LEGAL OFFICER AND SECRETARY | — |
| [Jerome Harvey Borden](https://search.stillhousedata.com/person/663265) | CHIEF COMPLIANCE OFFICER | — |
| [David Scott Royal](https://search.stillhousedata.com/person/663266) | ELECTED MANAGER | — |
| [Michael Walden Kremenak](https://search.stillhousedata.com/person/663267) | ELECTED MANAGER | — |
| [Andrew Dylan Norgard](https://search.stillhousedata.com/person/663268) | TREASURER | — |
| [Kathleen Marie Koelling](https://search.stillhousedata.com/person/666753) | PRIVACY OFFICER | — |
| [Cynthia Jean Nigbur](https://search.stillhousedata.com/person/666754) | ASSISTANT SECRETARY | — |
| [Sharon Kay Minta](https://search.stillhousedata.com/person/666758) | ANTI-MONEY LAUNDERING OFFICER | — |
| [Jessica Erin English](https://search.stillhousedata.com/person/666759) | ASSISTANT SECRETARY | — |
| [Jenny Wassman Wilson](https://search.stillhousedata.com/person/683844) | PRESIDENT | — |
| [Michael Alan Groneberg](https://search.stillhousedata.com/person/683845) | VICE PRESIDENT | — |
| [Paul Brian Mccullough](https://search.stillhousedata.com/person/683846) | TREASURER | — |
| [Benjamin David Nelson](https://search.stillhousedata.com/person/683847) | ASSISTANT TREASURER | — |
| [Lisa Lynn Corbin](https://search.stillhousedata.com/person/683848) | ASSISTANT SECRETARY | — |
| [Theron Grant Whitehorn](https://search.stillhousedata.com/person/684811) | ELECTED MANAGER | — |


## Private funds (36)

_Showing 15 of 36 funds by gross asset value._

| Fund | Type | Formed | Owners | GAV | Min investment |
| --- | --- | --- | --- | --- | --- |
| THRIVENT WHITE ROSE FUND XVI FUND OF FUNDS LP | Private Equity Fund | Delaware | 16 | $2.0B | $100K |
| THRIVENT WHITE ROSE FUND XV FUND OF FUNDS LP | Private Equity Fund | Delaware | 17 | $1.5B | $100K |
| THRIVENT WHITE ROSE FUND XIV FUND OF FUNDS, L.P. | Private Equity Fund | Delaware | 16 | $1.4B | $50K |
| BADGER FBN 2025, LLC | Private Equity Fund | Delaware | 1 | $1.3B | — |
| THRIVENT WHITE ROSE REAL ESTATE FUND VI, L.P. | Private Equity Fund | Delaware | 6 | $1.3B | $100K |
| THRIVENT WHITE ROSE FUND XV EQUITY DIRECT LP | Private Equity Fund | Delaware | 24 | $941.8M | $50K |
| THRIVENT WHITE ROSE FUND XIV EQUITY DIRECT, L.P. | Private Equity Fund | Delaware | 25 | $932.9M | $20K |
| THRIVENT WHITE ROSE ENDURANCE FUND II, L.P. | Private Equity Fund | Delaware | 16 | $904.3M | $100K |
| THRIVENT WHITE ROSE ENDURANCE FUND IV, L.P. | Private Equity Fund | Delaware | 15 | $901.1M | $100K |
| THRIVENT WHITE ROSE ENDURANCE FUND III LP | Private Equity Fund | Delaware | 14 | $896.2M | $100K |
| THRIVENT WHITE ROSE REAL ESTATE FUND V, LP | Private Equity Fund | Delaware | 7 | $895.1M | $5K |
| THRIVENT WHITE ROSE FUND XIII FUND OF FUNDS, L.P. | Private Equity Fund | Delaware | 16 | $864.6M | $50K |
| THRIVENT WHITE ROSE FUND XII FUND OF FUNDS, L.P. | Private Equity Fund | Delaware | 18 | $858.1M | $50K |
| THRIVENT WHITE ROSE FUND XVI EQUITY DIRECT LP | Private Equity Fund | Delaware | 18 | $779.8M | $100K |
| WHITE ROSE CFO 2023, LLC | Private Equity Fund | Delaware | 1 | $738.1M | — |


## Fund service providers (2)

- administrator: GEN II FUND SERVICES, LLC — 34 funds
- administrator: THE BANK OF NEW YORK MELLON TRUST CORPORATION — 2 funds

## Related pages

- Form ADV Part 2 brochure: https://search.stillhousedata.com/firm/338378/brochure
- Similar advisers: https://search.stillhousedata.com/firm/338378/similar
- Related entities: https://search.stillhousedata.com/firm/338378/related
- SEC IAPD (source of record): https://adviserinfo.sec.gov/firm/summary/338378

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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.