# Carrhae Capital (Difc) Limited

> Carrhae Capital (Difc) Limited is an SEC-registered investment advisory firm in Dubai, United Arab Emirates, registered since 2025, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 11, 2026.

- CRD: 337385
- Filed as: CARRHAE CAPITAL (DIFC) LIMITED
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Dubai, United Arab Emirates
- Filing period: October 2026
- Form ADV filing dated: August 11, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/337385
- AdvisorCensus page: https://advisorcensus.com/firm/carrhae-capital-difc-limited-dubai-337385

## Quick answers

**How is Carrhae Capital (Difc) Limited compensated?**
On its Form ADV (Item 5.E, October 2026), Carrhae Capital (Difc) Limited reports these compensation arrangements: other.

**Where is Carrhae Capital (Difc) Limited located?**
Carrhae Capital (Difc) Limited's principal office is in Dubai, United Arab Emirates, according to its Form ADV; the September 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Carrhae Capital (Difc) Limited registered with the SEC or a state?**
Carrhae Capital (Difc) Limited is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 337385.

**How much does Carrhae Capital (Difc) Limited manage?**
Carrhae Capital (Difc) Limited reports $6,079,358,063 in regulatory assets under management in its Form ADV filing dated August 11, 2026 (100% discretionary).

**What types of clients does Carrhae Capital (Difc) Limited serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (11).

**Does Carrhae Capital (Difc) Limited 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/337385

**Does Carrhae Capital (Difc) Limited state an account minimum?**
Its Form ADV Part 2A brochure dated August 11, 2026 says: "The minimum Fund investment will be $5,000,000; however, the Fund Board or Directors retain sole discretion to waive the minimum investment requirement."

**What changed in Carrhae Capital (Difc) Limited's recent Form ADV filings?**
In the September 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- Other

### Fees and minimums (Form ADV Part 2A brochure dated August 11, 2026)

- Account minimum: $5,000,000 (the brochure says it may be waived or negotiated)

> The minimum Fund investment will be $5,000,000; however, the Fund Board or Directors retain sole discretion to waive the minimum investment requirement.

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

### Regulatory assets under management (Item 5.F)
- Total: $6,079,358,063
- Discretionary: $6,079,358,063
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 11 | $6,079,358,063 |

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

### Firm details
- Registered since: 2025 (1 year)
- Employees: 8 total, 6 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- London
- Oslo

### Websites listed on Form ADV (Item 1.I)
- carrhaecap.com
- LinkedIn @carrhae-capital-llp

## Changes in the filing (last 12 months)

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

### April 2026
- Regulatory assets under management went from $4,274,935,982 to $6,079,358,063 (+42%).
- Employees performing advisory functions went from 5 to 6.

### December 2025
- Newly registered with the SEC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Carrhae Capital (Difc) Limited (CRD 337385): Form ADV filing data as of October 2026.