# BTG Pactual Asset Management US , LLC

> 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.

- CRD: 152538
- Filed as: BTG PACTUAL ASSET MANAGEMENT US , LLC
- Also doing business as: 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
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: September 18, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/152538
- AdvisorCensus page: https://advisorcensus.com/firm/btg-pactual-asset-management-us-llc-new-york-ny-152538

## Quick answers

**How is BTG Pactual Asset Management US , LLC compensated?**
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.

**How much does BTG Pactual Asset Management US , LLC charge?**
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.

**Where is BTG Pactual Asset Management US , LLC located?**
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).

**Is BTG Pactual Asset Management US , LLC registered with the SEC or a state?**
BTG Pactual Asset Management US , LLC is an SEC-registered investment advisory firm, registered since 2010. Status as filed: Approved. CRD 152538.

**How much does BTG Pactual Asset Management US , LLC manage?**
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).

**How have BTG Pactual Asset Management US , LLC's assets and staff changed since 2021?**
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.

**What types of clients does BTG Pactual Asset Management US , LLC serve?**
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).

**Which custodians does BTG Pactual Asset Management US , LLC use?**
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.

**Does BTG Pactual Asset Management US , LLC report any disciplinary disclosures?**
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

**What changed in BTG Pactual Asset Management US , LLC's recent Form ADV filings?**
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).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Commissions
- Performance-based fees
- Other

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Asset-based fee: up to 2% of assets a year (the maximum the brochure states)

> 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

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- CF Secured, LLC
- Pershing LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $30,107,889,463
- Discretionary: $29,717,389,137
- Non-discretionary: $390,500,326

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 77 | $34,617,400 |
| High net worth individuals | 139 | $1,098,196,044 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 57 | $20,033,083,302 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $7,267,712,093 |
| Corporations or other businesses not listed above | 343 | $1,674,280,624 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 2010 (16 years)
- Employees: 180 total, 108 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: 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
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.E(2): 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?
- 11.H(2): 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)?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/152538

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Atlanta, GA
- Evanston, IL
- Miami, FL
- Missoula, MT
- Seattle, WA
- Stamford, CT
- Watkinsville, GA
- West Palm Beach, FL

### Websites listed on Form ADV (Item 1.I)
- [btgpactual-globalalternatives.com](https://btgpactual-globalalternatives.com)
- [btgpactual.com](https://btgpactual.com)
- [btgpactual.us](https://btgpactual.us)
- [btgprivatecredit.com](https://btgprivatecredit.com)
- [btgstratcap.com](https://btgstratcap.com)
- [timberlandinvestmentgroup.com](https://timberlandinvestmentgroup.com)
- Facebook @BTGPACTUAL
- LinkedIn @btg-pactual-global-alternatives
- LinkedIn @btg-pactual-timberland-investment-group-llc
- LinkedIn @btgpactual
- X @btgpactual

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $18,298,776,657 | 74 | March 31, 2021 |
| October 2022 | $21,201,286,338 | 84 | June 27, 2022 |
| October 2023 | $22,255,387,683 | 89 | June 8, 2023 |
| October 2024 | $27,790,408,539 | 121 | March 28, 2024 |
| October 2025 | $25,628,617,941 | 176 | June 23, 2025 |
| October 2026 | $30,107,889,463 | 180 | September 18, 2026 |

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.

## Changes in the filing (last 12 months)

### October 2026
- 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).

### April 2026
- 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.

### February 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. BTG Pactual Asset Management US , LLC (CRD 152538): Form ADV filing data as of October 2026.