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Enterprise Investors: investment adviser
Enterprise Investors Corporation, doing business as Enterprise Investors, is an investment adviser registered with the SEC (file 801-74447, CRD 160833). What it reports on Form ADV: assets and clients, fees, owners, disciplinary history and its client brochure. From the SEC's Investment Adviser Public Disclosure site; read Oct 21, 2026.
- Assets managed
- $1.3B
- Discretionary
- 100%
- Accounts
- 9
- Employees
- 36
- In advisory roles
- 24
- Disclosures
- 1
Company page · SEC adviser record · Full Form ADV (PDF)
The firm reports that it or a related person has custody of client cash and securities.
Form ADV Part 1A, Item 5, as filed on the SEC Investment Adviser Public Disclosure site; read Oct 21, 2026.
Clients and fees
Whom the firm advises and how it is paid, from Items 5.D, 5.E and 5.G.
| Client type | Clients | Assets | Share |
|---|---|---|---|
| Private funds and other pooled vehicles | 9 | $1.3B | 100.0% |
How it is paid
- A percentage of assets under your management
- Performance-based fees
Services
- Portfolio management for pooled investment vehicles (other than investment companies)
Who owns it
Schedule A lists direct owners of 5% or more (and officers who own a stake); Schedule B lists the owners of those owners.
Direct owners (Schedule A)
| Owner | Type | Role | Stake | Since | Control | Public company |
|---|---|---|---|---|---|---|
| Rafal Wladyslaw Bator | Person | Officer | B 10% to 25% | Dec 2015 | Yes | |
| Tomasz Ciborowski | Person | Officer | B 10% to 25% | Jan 2020 | Yes | |
| Sebastian Janusz Krol | Person | Officer | B 10% to 25% | Dec 2015 | Yes | |
| Michal Sylwester Kedzia | Person | Officer | B 10% to 25% | Jun 2018 | Yes | |
| Dariusz Romuald Pronczuk | Person | Officer | B 10% to 25% | Dec 2015 | Yes | |
| Michal Antonii Rusiecki | Person | Officer | B 10% to 25% | Dec 2015 | Yes | |
| Jacek Siwicki | Person | Chairman/director/president | B 10% to 25% | Sep 2006 | Yes | |
| Tadeusz Julian Galkowski | Person | CFO/CCO | A 5% to 10% | Sep 2006 | Yes |
Form ADV reports ownership in bands, not exact stakes: A means 5% to 10%, B 10% to 25%, C 25% to 50%, D 50% to 75%, E 75% or more. F marks a general partner, trustee or managing member, a role that controls the firm without a percentage. Owners of less than 5% are not listed.
Form ADV Schedules A and B, via the SEC Investment Adviser Public Disclosure site.
Disciplinary history
What the firm disclosed under Item 11 of Form ADV. A disclosure is the firm's own report: pending matters are allegations, not findings, and many settlements are made without admitting or denying them. Text is quoted from the filing, set in sentence case.
Item 11 questions answered Yes
These questions cover the firm and its advisory affiliates.
- Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
- Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: in the past ten years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
Actions about affiliates (1)
- Feb 10, 2022Regulatory Action: Bank of Lithuania On appealAbout an affiliate: Ciborowski, TomaszSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $117,410 · Begun Mar 5, 2021 · Resolved Feb 10, 2022 · Order · Docket 361-1
Tomasz Ciborowski, a partner, officer and shareholder of eic has been fined by the Bank of Lithuania (BOL) for an alleged breach related to the sale of ab "NOVATURAS" (NOVATURAS) shares on the Nasdaq vilnius during an accelerated book building (ABB) in November 2019. The fine has been upheld by a lithuanian court. Tomasz Ciborowski has appealed the verdict to a higher court which is currently pending.
Fine of $117,410 levied against tomasz Ciborowski. Payment pending resolution of the appeal.
The fine has been upheld by a lithuanian court. Tomasz Ciborowski has appealed the verdict to a higher court which is currently pending. No information Filed
Form ADV Item 11 and its Disclosure Reporting Pages, via the SEC record. All adviser disciplinary records.
The brochure
No brochure text was read for this firm.
Other brochures on file
Form ADV Part 2A, via the SEC Investment Adviser Public Disclosure site.