# Blue Water Life Science Advisors, LP

> Blue Water Life Science Advisors, LP is an SEC-registered investment advisory firm, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 26, 2026.

- CRD: 306450
- Filed as: BLUE WATER LIFE SCIENCE ADVISORS, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/306450
- AdvisorCensus page: https://advisorcensus.com/firm/blue-water-life-science-advisors-lp-306450

## Quick answers

**How is Blue Water Life Science Advisors, LP compensated?**
On its Form ADV (Item 5.E, October 2026), Blue Water Life Science Advisors, LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Is Blue Water Life Science Advisors, LP registered with the SEC or a state?**
Blue Water Life Science Advisors, LP is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 306450.

**How much does Blue Water Life Science Advisors, LP manage?**
Blue Water Life Science Advisors, LP reports $192,567,673 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (100% discretionary).

**How have Blue Water Life Science Advisors, LP's assets and staff changed since 2021?**
In the Form ADV data for Blue Water Life Science Advisors, LP: Regulatory assets under management: $222,201,428 in the October 2021 data and $192,567,673 in the October 2026 data, down 13%. Total employees: 4 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Blue Water Life Science Advisors, LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (6).

**Does Blue Water Life Science Advisors, LP 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/306450

**What changed in Blue Water Life Science Advisors, LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 3 to 2. Regulatory assets under management went from $144,190,964 to $192,567,673 (+34%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $192,567,673
- Discretionary: $192,567,673
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 6 | $192,567,673 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2021 (5 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [bluewaterlifescienceadvisors.com](https://bluewaterlifescienceadvisors.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $222,201,428 | 4 | September 30, 2021 |
| October 2022 | $371,621,280 | 6 | March 31, 2022 |
| October 2023 | $231,380,370 | 5 | March 31, 2023 |
| October 2024 | $160,225,734 | 4 | August 15, 2024 |
| October 2025 | $144,190,964 | 4 | July 10, 2025 |
| October 2026 | $192,567,673 | 2 | March 26, 2026 |

Regulatory assets under management: $222,201,428 in the October 2021 data and $192,567,673 in the October 2026 data, down 13%.
Total employees: 4 in October 2021 and 2 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 3 to 2.
- Regulatory assets under management went from $144,190,964 to $192,567,673 (+34%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Blue Water Life Science Advisors, LP (CRD 306450): Form ADV filing data as of October 2026.