{
  "crd_number": 152538,
  "slug": "btg-pactual-asset-management-us-llc-new-york-ny-152538",
  "primary_business_name": "BTG PACTUAL ASSET MANAGEMENT US , LLC",
  "legal_name": "BTG PACTUAL ASSET MANAGEMENT US , LLC",
  "dbas": [
    "BTG PACTUAL FAMILY OFFICE",
    "BTG PACTUAL GLOBAL ALTERNATIVES",
    "BTG PACTUAL STRATEGIC CAPITAL",
    "BTG PACTUAL TIMBERLAND INVESTMENT GROUP, LLC",
    "BTG PACTUAL U.S. PRIVATE CREDIT INVESTMENTS"
  ],
  "city": "New York",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2010-01-19",
  "years_registered": 16,
  "period": "2026-10-01",
  "filing_date": "2026-09-18",
  "carried_forward": false,
  "raum_total": 30107889463.0,
  "raum_discretionary": 29717389137.0,
  "raum_non_discretionary": 390500326.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 180,
  "advisory_employees": 108,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 0.0,
      "count": 0
    },
    "individuals": {
      "raum": 34617400.0,
      "count": 77
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": null,
      "fewer_than_5": true
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 0.0,
      "count": 0,
      "fewer_than_5": true
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 1098196044.0,
      "count": 139
    },
    "pooled_investment_vehicles": {
      "raum": 20033083302.0,
      "count": 57
    },
    "corporations_other_businesses": {
      "raum": 1674280624.0,
      "count": 343
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 7267712093.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "commissions",
    "fixed",
    "other",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 2,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VI",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://btgpactual-globalalternatives.com",
    "https://btgpactual.com",
    "https://btgpactual.us",
    "https://btgprivatecredit.com",
    "https://btgstratcap.com",
    "https://facebook.com/BTGPACTUAL",
    "https://linkedin.com/company/btg-pactual-global-alternatives",
    "https://linkedin.com/company/btg-pactual-timberland-investment-group-llc",
    "https://linkedin.com/company/btgpactual",
    "https://timberlandinvestmentgroup.com",
    "https://x.com/btgpactual"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/152538",
  "disclosure_items": [
    {
      "item": "11.E(2)",
      "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?"
    },
    {
      "item": "11.H(2)",
      "question": "Is the firm or an advisory affiliate now the subject of a civil proceeding that could result in a yes answer to any part of 11.H(1)?"
    }
  ],
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/btg-pactual-asset-management-us-llc-new-york-ny-152538",
  "display_name": "BTG Pactual Asset Management US , LLC",
  "summary": "BTG Pactual Asset Management US , LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2010, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 18, 2026.",
  "citation": "AdvisorCensus. BTG Pactual Asset Management US , LLC (CRD 152538): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Commissions",
    "Performance-based fees",
    "Other"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "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"
  ],
  "quick_answers": [
    {
      "q": "How is BTG Pactual Asset Management US , LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), BTG Pactual Asset Management US , LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); commissions; performance-based fees; other."
    },
    {
      "q": "What does BTG Pactual Asset Management US , LLC's brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is BTG Pactual Asset Management US , LLC located?",
      "a": "BTG Pactual Asset Management US , LLC's principal office is in New York, NY, according to its Form ADV; the October 2026 filing also lists 8 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is BTG Pactual Asset Management US , LLC registered with the SEC or a state?",
      "a": "BTG Pactual Asset Management US , LLC is an SEC-registered investment advisory firm, registered since 2010. Status as filed: Approved. CRD 152538."
    },
    {
      "q": "How much does BTG Pactual Asset Management US , LLC manage?",
      "a": "BTG Pactual Asset Management US , LLC reports $30,107,889,463 in regulatory assets under management in its Form ADV filing dated September 18, 2026 (99% discretionary)."
    },
    {
      "q": "How have BTG Pactual Asset Management US , LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for BTG Pactual Asset Management US , LLC: Regulatory assets under management: $18,298,776,657 in the October 2021 data and $30,107,889,463 in the October 2026 data, up 65%. Total employees: 74 in October 2021 and 180 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does BTG Pactual Asset Management US , LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: corporations or other businesses not listed above (343); high net worth individuals (139); individuals (other than high net worth individuals) (77)."
    },
    {
      "q": "Which custodians does BTG Pactual Asset Management US , LLC use?",
      "a": "BTG Pactual Asset Management US , LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists CF Secured, LLC and Pershing LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does BTG Pactual Asset Management US , LLC report any disciplinary disclosures?",
      "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.E(2) (self-regulatory organization's finding of a rule violation) and 11.H(2) (pending civil proceeding). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/152538"
    },
    {
      "q": "What changed in BTG Pactual Asset Management US , LLC's recent Form ADV filings?",
      "a": "In the October 2026 filing data: Item 11 disclosure answers changed: 2 yes answers, previously 1 (now yes: 11.H(2)). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 18298776657.0,
      "total_employees": 74,
      "filing_date": "2021-03-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 21201286338.0,
      "total_employees": 84,
      "filing_date": "2022-06-27"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 22255387683.0,
      "total_employees": 89,
      "filing_date": "2023-06-08"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 27790408539.0,
      "total_employees": 121,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 25628617941.0,
      "total_employees": 176,
      "filing_date": "2025-06-23"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 30107889463.0,
      "total_employees": 180,
      "filing_date": "2026-09-18"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Item 11 disclosure answers changed: 2 yes answers, previously 1 (now yes: 11.H(2)).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $25,628,617,941 to $30,107,889,463 (+17%).",
        "Employees performing advisory functions went from 94 to 108.",
        "Added an office in Evanston, IL.",
        "Added an office in Watkinsville, GA."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 31, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": "2% of assets a year",
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: up to 2% of assets a year (the maximum the brochure states)"
        ],
        "quotes": [
          "Management fees range up to 2% of assets under management and are, in general, payable at the beginning or after the end of each month or quarter.",
          "In some instances, fees for BTG’s Customized Investment Advisory Solutions are negotiable based upon the types of assets included in an Advisory Client’s portfolio, the complexity and size of the portfolio, the services to be provided"
        ]
      }
    ],
    "quotes": [
      "Management fees range up to 2% of assets under management and are, in general, payable at the beginning or after the end of each month or quarter.",
      "In some instances, fees for BTG’s Customized Investment Advisory Solutions are negotiable based upon the types of assets included in an Advisory Client’s portfolio, the complexity and size of the portfolio, the services to be provided"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "CF Secured, LLC",
      "name_as_filed": "CF SECURED, LLC",
      "affiliated": false
    },
    {
      "name": "Pershing LLC",
      "name_as_filed": "PERSHING LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/btg-pactual-asset-management-us-llc-new-york-ny-152538.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 77,
      "fewer_than_5": false,
      "raum": 34617400.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 139,
      "fewer_than_5": false,
      "raum": 1098196044.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 57,
      "fewer_than_5": false,
      "raum": 20033083302.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": 7267712093.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 343,
      "fewer_than_5": false,
      "raum": 1674280624.0
    }
  ],
  "disclosure_line": "Reports 2 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/152538",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}