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AdvisorCensus / Financial advisors / California / San Francisco / Bivium Capital Partners, LLC

Bivium Capital Partners, LLC

San Francisco, CASEC-registered investment adviserCRD 134529

Filed as BIVIUM CAPITAL PARTNERS, LLC

Bivium Capital Partners, LLC is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2005, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated May 1, 2026.

21 years
registered since 2005
$6,730,650,483
assets under management
2 arrangements
Percentage of assets, Performance-based
None
disclosure items (Item 11)

Quick answers

From the filing

How is Bivium Capital Partners, LLC compensated?

On its Form ADV (Item 5.E, October 2026), Bivium Capital Partners, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

Where is Bivium Capital Partners, LLC located?

Bivium Capital Partners, LLC's principal office is in San Francisco, CA, according to its Form ADV; the June 2026 filing also lists 1 other office (Schedule D, Section 1.F).

Is Bivium Capital Partners, LLC registered with the SEC or a state?

Bivium Capital Partners, LLC is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 134529.

How much does Bivium Capital Partners, LLC manage?

Bivium Capital Partners, LLC reports $6,730,650,483 in regulatory assets under management in its Form ADV filing dated May 1, 2026 (89% discretionary).

How have Bivium Capital Partners, LLC's assets and staff changed since 2021?

In the Form ADV data for Bivium Capital Partners, LLC: Regulatory assets under management: $1,543,299,517 in the October 2021 data and $6,730,650,483 in the October 2026 data, up 336%. Total employees: 10 in October 2021 and 16 in October 2026. Assets under management move with markets as well as with clients coming and going.

What types of clients does Bivium Capital Partners, LLC serve?

By number of clients on Form ADV Item 5.D: charitable organizations (21); state or municipal government entities (including government pension plans) (11); pooled investment vehicles (other than investment companies and business development companies) (1).

Which custodians does Bivium Capital Partners, LLC use?

Bivium Capital Partners, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Northern Trust, Pershing LLC and State Street Corporation as custodians holding 10% or more of its separately managed account assets.

Does Bivium Capital Partners, LLC report any disciplinary disclosures?

Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/134529

Does Bivium Capital Partners, LLC state an account minimum?

Its Form ADV Part 2A brochure dated March 17, 2026 says: "The minimum US dollar value for opening an account with Bivium is $25 million. This amount may be waived by Bivium on a case-by-case basis and typically if there is reasonable assurance the account will grow to $25 million or more."

What changed in Bivium Capital Partners, LLC's recent Form ADV filings?

In the June 2026 filing data: Updated its list of owners and control persons (Schedule A).

From the Form ADV filing

Every figure below is as the firm filed it with regulators, as of October 2026.

How the firm is compensated

Item 5.E
  • A percentage of assets under your management
  • Performance-based fees

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

Fees and minimums

Form ADV Part 2A

The brochure lists different fees for different services or strategies; see the brochure for them.

Account minimum: $25,000,000 (the brochure says it may be waived or negotiated)

The brochure's wording
The minimum US dollar value for opening an account with Bivium is $25 million. This amount may be waived by Bivium on a case-by-case basis and typically if there is reasonable assurance the account will grow to $25 million or more.

As stated in the firm's Form ADV Part 2A brochure dated March 17, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site

Regulatory assets under management

Item 5.F
$6,730,650,483

$6,730,650,483 as of October 2026, filing dated May 1, 2026.

Discretionary: $6,022,756,180.Non-discretionary: $707,894,303.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

Who the firm serves

Item 5.D
Individuals (other than high net worth individuals)
Clients 0 Assets $0 (0%)
High net worth individuals
Clients 0 Assets $0 (0%)
Banking or thrift institutions
Clients 0 Assets $0 (0%)
Investment companies
Clients 0 Assets $0 (0%)
Business development companies
Clients 0 Assets $0 (0%)
Pooled investment vehicles (other than investment companies and business development companies)
Clients 1 Assets $139,734,973 (2%)
Pension and profit sharing plans (but not the plan participants or government pension plans)
Clients 0 Assets $0 (0%)
Charitable organizations
Clients 21 Assets $2,845,724,392 (42%)
State or municipal government entities (including government pension plans)
Clients 11 Assets $3,745,191,118 (56%)
Other investment advisers
Clients 0 Assets $0 (0%)
Insurance companies
Clients 0 Assets $0 (0%)
Sovereign wealth funds and foreign official institutions
Clients 0 Assets $0 (0%)
Corporations or other businesses not listed above
Clients 0 Assets $0 (0%)
Other
Clients 0 Assets $0 (0%)

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

Advisory services

Item 5.G
  • Portfolio management for pooled investment vehicles (other than investment companies)
  • Portfolio management for businesses (other than small businesses) or institutional clients
  • Selection of other advisers (including private fund managers)
  • Other

Registration and firm details

Items 1, 2, 5
Registration
SEC-registered investment adviser. Status as filed: Approved.
Registered since
2005 (21 years)
Employees
Total: 16. Performing investment advisory functions: 10.
Wrap fee program participation
No.
Custodians (Schedule D, Section 5.K(3))

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

Other offices (Schedule D, Section 1.F)
1 other office, as of the June 2026 filing
New York, NY
States registered or notice-filed
11 states or jurisdictions
CACTDCILMAMINCNYPATNVA

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

Disclosures

Item 11

None Reports no disclosure items on Form ADV Item 11. View on IAPD.

Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures

Assets and staff over time

Items 5.A, 5.F
$1.54B 2021 $2.2B 2022 $3.19B 2023 $4.17B 2024 $5.1B 2025 $6.73B 2026
Data periodAssets under managementEmployeesFiling dated
October 2026$6,730,650,48316May 1, 2026
October 2025$5,103,926,59615March 31, 2025
October 2024$4,165,748,53713March 26, 2024
October 2023$3,188,074,69112March 27, 2023
October 2022$2,199,431,13010March 29, 2022
October 2021$1,543,299,51710March 15, 2021

Regulatory assets under management: $1,543,299,517 in the October 2021 data and $6,730,650,483 in the October 2026 data, up 336%.

Total employees: 10 in October 2021 and 16 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

Changes in the filing

Last 12 months
  1. June 2026
    • Updated its list of owners and control persons (Schedule A).
  2. April 2026
    • Employees performing advisory functions went from 9 to 10.
    • Regulatory assets under management went from $5,103,926,596 to $6,730,650,483 (+32%).

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.

Websites listed on Form ADV

Item 1.I
biviumcapital.combiviumwestfuller.com

Source: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."

Cite this page

AdvisorCensus. Bivium Capital Partners, LLC (CRD 134529): Form ADV filing data as of October 2026.
https://advisorcensus.com/firm/bivium-capital-partners-llc-san-francisco-ca-134529