AltMountain

Global Endowment Management, LP

Charlotte, NC · CRD 157772
Hedge fund manager

Global Endowment Management, LP is an SEC-registered investment adviser based in Charlotte, NC that reports managing 140 hedge funds on Form ADV. It reports $12.9 billion in regulatory assets under management. Its private funds, of all types, hold $25.7 billion in gross assets. Its disclosed U.S. stock holdings returned an estimated +8.1% 2026 YTD through Jun 30 (S&P 500: +9.5%), based on 13F filings. Over a longer period they returned an estimated +26.0% from Q3 2024 to Q2 2026, compared with +37.2% for the S&P 500, based on 13F filings.

Regulatory assets under management
$12.9 billionForm ADV Item 5.F
Gross assets of private funds
$25.7 billionAll private fund types, Form ADV
Hedge funds managed
140148 private funds in total
Employees
82Form ADV Item 5.A
Registration
SEC-registered adviserCRD 157772
Latest Form ADV
08/28/2026Disciplinary disclosures: none reported

Estimated 13F portfolio performance

Est. 2026 YTD+8.1%Through Q2 2026 · S&P 500 +9.5%
Est. 2-year return+26.0%Q3 2024 – Q2 2026
S&P 500+37.2%Same quarters, price only
13F holdings$986.5 million72 positions, 2026-06-30
$100$119$137Q3 2024Q1 2025Q3 2025Q1 202613F est. $126S&P 500 $137
QuarterEst. 13F returnS&P 500
Q2 2026+9.6%+14.8%
Q1 2026-1.3%-4.6%
Q4 2025+0.8%+2.4%
Q3 2025+5.8%+7.8%
Q2 2025+5.3%+10.4%
Q1 2025+0.4%-4.5%
Q4 2024-2.4%+2.1%
Q3 2024+6.0%+5.4%

Estimate of the firm's disclosed long U.S. stock portfolio from its quarterly 13F filings, holding each quarter-end portfolio to the next quarter-end at prices implied by all 13F filers. It is a price return before dividends and fees, ignores shorts, options, bonds, cash and trading within the quarter, and is not the return of any fund. Disclosures

Largest disclosed holdings

  • Vanguard Intl Equity Index F$209.0 million
  • Vanguard Total Stock Market ETF$117.4 million
  • Vanguard BD Index FDS$107.4 million
  • Vanguard Total Intl Stock$104.1 million
  • Jpmorgan Betabuilders MSCI US REIT ETF$45.8 million
  • Ishares Core U.S. Aggregate Bond ETF$35.9 million
  • Alphabet, Inc Voting Class$35.8 million
  • Nvidia Corp$24.9 million
  • Apple Inc Com$21.6 million
  • Ishares US Real Estate ETF$20.9 million

As of 2026-06-30, from 13F filing by Global Endowment Management, LP.

Private funds reported on Form ADV (77)

Fund
Gross assets
Minimum
Owners
Adviser
Gem Endowment Fund, LP
Delaware, United StatesHedge fund
Gross assets$4.4B
MinimumNone set
Owners54
AdviserGlobal Endowment Management, LP
Gef-Pnoue, LP
Delaware, United StatesHedge fund
Gross assets$1.4B
MinimumNone set
Owners16
AdviserGlobal Endowment Management, LP
Global Endowment Pjm Fund, LP
Delaware, United StatesHedge fund
Gross assets$1.4B
MinimumNone set
Owners1
AdviserGlobal Endowment Management, LP
Gem Endowment Fund Offshore, LTD.
Cayman IslandsHedge fund
Gross assets$1.3B
MinimumNone set
Owners6
AdviserGlobal Endowment Management, LP
Gem Growth Fund, LP
Delaware, United StatesHedge fund
Gross assets$1.1B
MinimumNone set
Owners37
AdviserGlobal Endowment Management, LP
Gef-Allo, LP
Delaware, United StatesHedge fund
Gross assets$987M
MinimumNone set
Owners14
AdviserGlobal Endowment Management, LP
Gef-Apeb
Delaware, United StatesHedge fund
Gross assets$904M
MinimumNone set
Owners15
AdviserGlobal Endowment Management, LP
Class D Series of Gef-Ps, LP
Delaware, United StatesHedge fund
Gross assets$847M
MinimumNone set
Owners12
AdviserGlobal Endowment Management, LP
Gef-Alhf, LP
Delaware, United StatesHedge fund
Gross assets$627M
MinimumNone set
Owners13
AdviserGlobal Endowment Management, LP
Gef-Tpeb, LP
Delaware, United StatesHedge fund
Gross assets$600M
MinimumNone set
Owners14
AdviserGlobal Endowment Management, LP
Gem Green Endowment Fund, LP
Delaware, United StatesHedge fund
Gross assets$538M
MinimumNone set
Owners6
AdviserGlobal Endowment Management, LP
CRH Investments Holdings, LP
Delaware, United StatesHedge fund
Gross assets$479M
MinimumNone set
Owners1
AdviserGlobal Endowment Management, LP
HJF Investments Holdings, LP
Delaware, United StatesHedge fund
Gross assets$428M
MinimumNone set
Owners1
AdviserGlobal Endowment Management, LP
DSC Investments Holdings, LP
Delaware, United StatesHedge fund
Gross assets$399M
MinimumNone set
Owners1
AdviserGlobal Endowment Management, LP
Gef-Fed, LP
Delaware, United StatesLiquidity fund
Gross assets$384M
MinimumNone set
Owners14
AdviserGlobal Endowment Management, LP
Washington Place Holdings, LP
Delaware, United StatesHedge fund
Gross assets$375M
MinimumNone set
Owners1
AdviserGlobal Endowment Management, LP
Gem Liquid Markets Fund A, LP
Delaware, United StatesHedge fund
Gross assets$369M
MinimumNone set
Owners28
AdviserGlobal Endowment Management, LP
Gef-Trpe, LP
Delaware, United StatesHedge fund
Gross assets$360M
MinimumNone set
Owners14
AdviserGlobal Endowment Management, LP
Gef-Tre, LP
Delaware, United StatesHedge fund
Gross assets$345M
MinimumNone set
Owners12
AdviserGlobal Endowment Management, LP
Gef-Re, LP
Delaware, United StatesHedge fund
Gross assets$307M
MinimumNone set
Owners14
AdviserGlobal Endowment Management, LP
WUE Investments Holdings, LP
Delaware, United StatesHedge fund
Gross assets$265M
MinimumNone set
Owners1
AdviserGlobal Endowment Management, LP
Gef-Grn, LP
Delaware, United StatesHedge fund
Gross assets$248M
MinimumNone set
Owners17
AdviserGlobal Endowment Management, LP
Gef-Hedgop, LP
Delaware, United StatesHedge fund
Gross assets$227M
MinimumNone set
Owners11
AdviserGlobal Endowment Management, LP
Gef-Tpeb 22, LP
Delaware, United StatesHedge fund
Gross assets$213M
MinimumNone set
Owners12
AdviserGlobal Endowment Management, LP
Gef-Pue, LP
Delaware, United StatesHedge fund
Gross assets$193M
MinimumNone set
Owners12
AdviserGlobal Endowment Management, LP
The Thacher School Endowment, LP
Delaware, United StatesHedge fund
Gross assets$174M
MinimumNone set
Owners1
AdviserGlobal Endowment Management, LP
Gef-Apeb 22, LP
Delaware, United StatesHedge fund
Gross assets$154M
MinimumNone set
Owners13
AdviserGlobal Endowment Management, LP
Gef-Pubcom, LP
Delaware, United StatesHedge fund
Gross assets$126M
MinimumNone set
Owners9
AdviserGlobal Endowment Management, LP
Gef-Fre, LP
Delaware, United StatesHedge fund
Gross assets$124M
MinimumNone set
Owners2
AdviserGlobal Endowment Management, LP
Gef-Apbr, LP
Delaware, United StatesHedge fund
Gross assets$103M
MinimumNone set
Owners3
AdviserGlobal Endowment Management, LP
LFC Investments Holdings, LP
Delaware, United StatesHedge fund
Gross assets$91.5M
MinimumNone set
Owners1
AdviserGlobal Endowment Management, LP
Gaf-Bo, LP
Delaware, United StatesHedge fund
Gross assets$87.4M
Minimum$250K
Owners31
AdviserGlobal Endowment Management, LP
Gef-Apeim, LP
Delaware, United StatesHedge fund
Gross assets$70.4M
MinimumNone set
Owners5
AdviserGlobal Endowment Management, LP
Gaf-Vc, LP
Delaware, United StatesHedge fund
Gross assets$68.3M
Minimum$1.0M
Owners22
AdviserGlobal Endowment Management, LP
Gef-Fi, LP
Delaware, United StatesHedge fund
Gross assets$66.5M
MinimumNone set
Owners9
AdviserGlobal Endowment Management, LP
Gem Impact Endowment Fund, LP
Delaware, United StatesHedge fund
Gross assets$65.3M
MinimumNone set
Owners3
AdviserGlobal Endowment Management, LP
Gef-Sa, LP
Delaware, United StatesPrivate equity fund
Gross assets$63.3M
MinimumNone set
Owners9
AdviserGlobal Endowment Management, LP
FAF Investments Holdings, LP
Delaware, United StatesHedge fund
Gross assets$59.2M
MinimumNone set
Owners1
AdviserGlobal Endowment Management, LP
Gaf-Vc22a, LP
Delaware, United StatesHedge fund
Gross assets$56.8M
Minimum$1.0M
Owners6
AdviserGlobal Endowment Management, LP
Gef-Dtoe, Inc.
Delaware, United StatesHedge fund
Gross assets$54.3M
MinimumNone set
Owners2
AdviserGlobal Endowment Management, LP
Gef-Apev 22, LP
Delaware, United StatesHedge fund
Gross assets$52.4M
MinimumNone set
Owners13
AdviserGlobal Endowment Management, LP
Class C Series of Gef-Ps, LP
Delaware, United StatesHedge fund
Gross assets$51.2M
MinimumNone set
Owners11
AdviserGlobal Endowment Management, LP
Gef-Lq20, LP
Delaware, United StatesHedge fund
Gross assets$50.0M
MinimumNone set
Owners12
AdviserGlobal Endowment Management, LP
Gef-Loim, LP
Delaware, United StatesHedge fund
Gross assets$42.9M
MinimumNone set
Owners6
AdviserGlobal Endowment Management, LP
Gef-Alar, LP
Delaware, United StatesHedge fund
Gross assets$41.7M
MinimumNone set
Owners13
AdviserGlobal Endowment Management, LP
Gef-Aprim, LP
Delaware, United StatesHedge fund
Gross assets$37.5M
MinimumNone set
Owners12
AdviserGlobal Endowment Management, LP
Gef-Cr, LP
Delaware, United StatesHedge fund
Gross assets$36.6M
MinimumNone set
Owners10
AdviserGlobal Endowment Management, LP
Gaf-Re, LP
Delaware, United StatesHedge fund
Gross assets$33.4M
Minimum$250K
Owners21
AdviserGlobal Endowment Management, LP
Gef-Tpev 22, LP
Delaware, United StatesHedge fund
Gross assets$30.4M
MinimumNone set
Owners12
AdviserGlobal Endowment Management, LP
Gef-Uscr, LP
Delaware, United StatesHedge fund
Gross assets$26.8M
MinimumNone set
Owners12
AdviserGlobal Endowment Management, LP
Gef-Trcr, LP
Delaware, United StatesHedge fund
Gross assets$24.9M
MinimumNone set
Owners11
AdviserGlobal Endowment Management, LP
Gef-Puba, LP
Delaware, United StatesHedge fund
Gross assets$21.0M
MinimumNone set
Owners11
AdviserGlobal Endowment Management, LP
Gef-Uk, LTD
Delaware, United StatesPrivate equity fund
Gross assets$20.7M
MinimumNone set
Owners1
AdviserGlobal Endowment Management, LP
Gef-Lq1, LP
Delaware, United StatesHedge fund
Gross assets$20.0M
MinimumNone set
Owners13
AdviserGlobal Endowment Management, LP
Gef-Lq2, LP
Delaware, United StatesHedge fund
Gross assets$20.0M
MinimumNone set
Owners13
AdviserGlobal Endowment Management, LP
Gef-Pubb, LP
Delaware, United StatesHedge fund
Gross assets$20.0M
MinimumNone set
Owners11
AdviserGlobal Endowment Management, LP
Gef-Hfim, LP
Delaware, United StatesHedge fund
Gross assets$15.2M
MinimumNone set
Owners4
AdviserGlobal Endowment Management, LP
Gef-Afim, LP
Delaware, United StatesHedge fund
Gross assets$10.8M
MinimumNone set
Owners3
AdviserGlobal Endowment Management, LP
Gef-Nola, Inc
Delaware, United StatesReal estate fund
Gross assets$6.5M
MinimumNone set
Owners1
AdviserGlobal Endowment Management, LP
Gef-Iora, LP
Delaware, United StatesHedge fund
Gross assets$5.0M
MinimumNone set
Owners10
AdviserGlobal Endowment Management, LP
Gef-Iope, LP
Delaware, United StatesHedge fund
Gross assets$4.4M
MinimumNone set
Owners3
AdviserGlobal Endowment Management, LP
Gem Is Fund, LP
Delaware, United StatesHedge fund
Gross assets$4.3M
Minimum$250K
Owners8
AdviserGlobal Endowment Management, LP
Gef-Pvtb, LP
Delaware, United StatesHedge fund
Gross assets$3.9M
MinimumNone set
Owners3
AdviserGlobal Endowment Management, LP
GEF Special Assets, Inc.
Delaware, United StatesPrivate equity fund
Gross assets$3.7M
MinimumNone set
Owners2
AdviserGlobal Endowment Management, LP
H Capital Partners, LTD
Cayman IslandsPrivate equity fund
Gross assets$3.1M
MinimumNone set
Owners1
AdviserGlobal Endowment Management, LP
Gcp-Emerald, LP
Delaware, United StatesHedge fund
Gross assets$2.9M
Minimum$250K
Owners2
AdviserGlobal Endowment Management, LP
Gaf-Bo II, LP
Delaware, United StatesHedge fund
Gross assets$2.6M
Minimum$250K
Owners13
AdviserGlobal Endowment Management, LP
Gaf-Vc II, LP
Delaware, United StatesHedge fund
Gross assets$2.3M
Minimum$250K
Owners6
AdviserGlobal Endowment Management, LP
GEF Special Holdings, Inc.
Delaware, United StatesPrivate equity fund
Gross assets$2.3M
MinimumNone set
Owners1
AdviserGlobal Endowment Management, LP
Gef-Apim, LP
Delaware, United StatesHedge fund
Gross assets$2.0M
MinimumNone set
Owners2
AdviserGlobal Endowment Management, LP
Gef-Araim, LP
Delaware, United StatesHedge fund
Gross assets$1.9M
MinimumNone set
Owners4
AdviserGlobal Endowment Management, LP
Gaf-Vc24a, LP
Delaware, United StatesHedge fund
Gross assets$1.8M
Minimum$250K
Owners39
AdviserGlobal Endowment Management, LP
Gef-Trgr, LP
Delaware, United StatesHedge fund
Gross assets$1.6M
MinimumNone set
Owners12
AdviserGlobal Endowment Management, LP
Gef-Ipra, LP
Delaware, United StatesHedge fund
Gross assets$786K
MinimumNone set
Owners2
AdviserGlobal Endowment Management, LP
Gaf-Re II, LP
Delaware, United StatesHedge fund
Gross assets$493K
Minimum$250K
Owners4
AdviserGlobal Endowment Management, LP
Gef-Sma, LP
Delaware, United StatesHedge fund
Gross assets$226K
MinimumNone set
Owners12
AdviserGlobal Endowment Management, LP
Gef-Pvta, LP
Delaware, United StatesHedge fund
Gross assets$977.0
MinimumNone set
Owners2
AdviserGlobal Endowment Management, LP

As reported in the adviser's Form ADV filed Nov 27, 2024. Funds also listed from Form D are shown above.

Fund vehicles: feeder funds and single-deal vehicles (13)

Fund
Gross assets
Minimum
Owners
Adviser
Class a Series of Gef-Ps, LP
Delaware, United StatesHedge fund
Gross assets$757M
MinimumNone set
Owners13
AdviserGlobal Endowment Management, LP
PJM Fund, a Series of Global Endowment Targeted Strategy Fund, LP
Delaware, United StatesHedge fund
Gross assets$561M
MinimumNone set
Owners2
AdviserGlobal Endowment Management, LP
DPSC Fund, a Series of Global Endowment Targeted Strategy Fund, LP
Delaware, United StatesHedge fund
Gross assets$404M
MinimumNone set
Owners2
AdviserGlobal Endowment Management, LP
Washington Place Fund, a Series of Global Endowment Targeted Strategy Fund
Delaware, United StatesHedge fund
Gross assets$364M
MinimumNone set
Owners2
AdviserGlobal Endowment Management, LP
CRH Fund, a Series of Global Endowment Targeted Strategy Fund, LP
Delaware, United StatesHedge fund
Gross assets$341M
MinimumNone set
Owners2
AdviserGlobal Endowment Management, LP
ELN Fund, a Series of Global Endowment Targeted Strategy Fund, LP
Delaware, United StatesHedge fund
Gross assets$321M
MinimumNone set
Owners2
AdviserGlobal Endowment Management, LP
TCF Fund, a Series of Global Endowment Targeted Strategy Fund, LP
Delaware, United StatesHedge fund
Gross assets$242M
MinimumNone set
Owners2
AdviserGlobal Endowment Management, LP
VHS Fund, a Series of Global Endowment Targeted Strategy Fund, LP
Delaware, United StatesHedge fund
Gross assets$191M
MinimumNone set
Owners2
AdviserGlobal Endowment Management, LP
NCF Fund, a Series of Global Endowment Targeted Strategy Fund, LP
Delaware, United StatesHedge fund
Gross assets$140M
MinimumNone set
Owners2
AdviserGlobal Endowment Management, LP
JJM Fund, a Series of Global Endowment Targeted Strategy Fund LP
Delaware, United StatesHedge fund
Gross assets$67.8M
MinimumNone set
Owners2
AdviserGlobal Endowment Management, LP
JJM Fund II, a Series of Global Endowment Targeted Strategy Fund LP
Delaware, United StatesHedge fund
Gross assets$33.2M
MinimumNone set
Owners2
AdviserGlobal Endowment Management, LP
FAF Fund, a Series of Global Endowment Targeted Strategy Fund, LP
Delaware, United StatesHedge fund
Gross assets$33.1M
MinimumNone set
Owners2
AdviserGlobal Endowment Management, LP
GEF Stl Fund, a Series of Global Endowment Targeted Strategy Fund, LP
Delaware, United StatesLiquidity fund
Gross assets$10.3M
MinimumNone set
Owners15
AdviserGlobal Endowment Management, LP

Feeder funds invest through a master fund; single-deal vehicles (SPVs, co-investments, series) hold one investment.

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