# Thrivent Financial for Lutherans

Thrivent Financial for Lutherans is a Fraternal Benefit Society based in Minneapolis, United States.

## Overview

- **Organization type:** Fraternal Benefit Society
- **Headquarters:** Minneapolis, United States
- **Region:** North America
- **Address:** Minneapolis, MN, United States
- **Founded:** 1902
- **Assets under management:** Undisclosed
- **Website:** thrivent.com

## Regulatory record

- **CRD number:** 115785
- **SEC file number:** 801-60701
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/115785

## About

Thrivent Financial for Lutherans is an SEC-registered investment adviser in Minneapolis, MN, registered since 2001. The firm manages approximately $128.7 billion in regulatory assets. It has 4220 employees and 155 investment advisers.

## Sectors

- Private Credit
- Real Estate
- Infrastructure
- Hedge Funds
- Private Equity

## Offices

- Appleton, WI

## People

- David Royal — Chief Executive Officer
- Christine Beardsley — Chief Investment Officer

## Questions

### Who runs investment decisions at Thrivent Financial for Lutherans?

Chief Investment Officer Christine Beardsley leads the investment strategy at Thrivent Asset Management, reporting to CEO David Royal. The team oversees public and private market allocations, including alternatives.

### How does Thrivent generate proprietary deal flow for its alternative investments?

Thrivent sources alternative investments primarily through external manager relationships and its own in-house due diligence. The firm's multi-asset platform provides broad coverage across private credit, real estate, and hedge funds.

### What investment stages does Thrivent typically target in private markets?

Thrivent targets primarily late-stage, income-oriented private investments such as infrastructure debt, private credit, and core real estate, with some exposure to growth equity through fund-of-funds allocations.

### Which sectors does Thrivent explicitly avoid in its investment portfolio?

Thrivent's investment guidelines are informed by Lutheran values, and while it does not publish a formal exclusion list, the firm generally avoids firearms, tobacco, and certain sin stocks in its direct equity portfolio (per public filings).

### Does Thrivent participate in co-investments or only fund commitments?

Thrivent makes co-investments, primarily in direct deals within real estate and private credit, alongside its fund commitments, according to public investment reports.

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- [Madrona Financial & CPAS](https://altss.com/profile/madrona-financial-and-cpas)
- [Taber Asset Management](https://altss.com/profile/taber-asset-management-llc)

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Last updated: 2026-06-03T20:00:00.000Z

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