Shell Entity Network

Pilgrim Entity Network

Ivankovich Asset-Holding Structure
Also known as: Pilgrim Windtree LLC; Pilgrim Coulter LLC; Pilgrim Warwick LLC; Pilgrim Caribbean Isle LLC; Pilgrim Forest Park LLC
Active Litigation

Overview

The Pilgrim entity network consists of at least five LLCs — Windtree, Coulter, Warwick, Caribbean Isle, and Forest Park — all controlled by Steven Ivankovich and appearing as appellants in the 7th Circuit (consolidated December 4, 2025). These entities are classified as shell companies with no independent predicate acts, used to hold and potentially conceal assets from judgment creditors. The Delaware Court of Chancery has published an opinion directly addressing the Pilgrim/Ivankovich entity structure and governance.

This page summarizes publicly available court records and filings. It does not constitute legal advice, an accusation of wrongdoing, or a determination of liability. All information is sourced from public dockets, published opinions, and evidence produced in litigation. If you believe any information is inaccurate, please contact jake@helmlegal.net.

Key Data Points

5+
Linked LLC entities in the Pilgrim network
7th Circuit
Consolidated appeal (Dec. 4, 2025)
Shell
Reclassified — no independent predicate acts
Delaware
Chancery opinion addresses entity structure

Cases & Proceedings

Zhu Zhai v. Ivankovich (7th Cir.)
7th Circuit — Consolidated appeals
Role: Appellants
Active
CMR v. Seinitz & Stratmann
Del. Ch. — C.A. 2026-0495-MTZ
Role: Related entity structure
Active

Connections

Steven Ivankovich
Controller of all Pilgrim entities
Atlas Holdings LLC
Parallel shell entity structure
Atlas Residential
Related real estate entity network
Zhu Zhai Holdings
Judgment creditor / opposing party

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Sources: Public court records • PACER • State court electronic filing systems • Published judicial opinions • Corporate registrations (Sunbiz, IL SOS)