# Caligan Partners

> Caligan Partners is an SEC-registered investment advisory firm in New York, NY, registered since 2018, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 29, 2026.

- CRD: 289887
- Filed as: CALIGAN PARTNERS
- Legal name: Caligan Partners, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: May 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/289887
- AdvisorCensus page: https://advisorcensus.com/firm/caligan-partners-new-york-ny-289887

## Quick answers

**How is Caligan Partners compensated?**
On its Form ADV (Item 5.E, October 2026), Caligan Partners 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.

**Where is Caligan Partners located?**
Caligan Partners' principal office is in New York, NY, according to its Form ADV.

**Is Caligan Partners registered with the SEC or a state?**
Caligan Partners is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 289887.

**How much does Caligan Partners manage?**
Caligan Partners reports $1,299,735,339 in regulatory assets under management in its Form ADV filing dated May 29, 2026 (100% discretionary).

**How have Caligan Partners' assets and staff changed since 2021?**
In the Form ADV data for Caligan Partners: Regulatory assets under management: $67,389,921 in the October 2021 data and $1,299,735,339 in the October 2026 data, up 1829%. Total employees: 2 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Caligan Partners serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (8).

**Does Caligan Partners 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/289887

**What changed in Caligan Partners' recent Form ADV filings?**
In the June 2026 filing data: Regulatory assets under management went from $1,089,668,429 to $1,299,735,339 (+19%).

## 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: $1,299,735,339
- Discretionary: $1,299,735,339
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| 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) | 8 | $1,299,735,339 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Other

### Firm details
- Registered since: 2018 (8 years)
- Employees: 5 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [caliganpartners.com](https://caliganpartners.com)
- LinkedIn @caligan-partners-lp

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $67,389,921 | 2 | April 30, 2021 |
| October 2022 | $121,231,644 | 3 | June 3, 2022 |
| October 2023 | $139,778,522 | 3 | May 4, 2023 |
| October 2024 | $347,914,853 | 3 | September 3, 2024 |
| October 2025 | $419,038,698 | 5 | July 10, 2025 |
| October 2026 | $1,299,735,339 | 5 | May 29, 2026 |

Regulatory assets under management: $67,389,921 in the October 2021 data and $1,299,735,339 in the October 2026 data, up 1829%.
Total employees: 2 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### June 2026
- Regulatory assets under management went from $1,089,668,429 to $1,299,735,339 (+19%).

### April 2026
- Employees performing advisory functions went from 5 to 3.
- Regulatory assets under management went from $419,038,698 to $1,089,668,429 (+160%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Caligan Partners (CRD 289887): Form ADV filing data as of October 2026.