{ "crd_number": 163590, "slug": "cbre-investment-management-indirect-limited-london-163590", "primary_business_name": "CBRE INVESTMENT MANAGEMENT INDIRECT LIMITED", "legal_name": "CBRE INVESTMENT MANAGEMENT INDIRECT LIMITED", "dbas": [], "city": "London", "state": null, "country": "United Kingdom", "cbsa_code": null, "metro": null, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2014-10-23", "years_registered": 11, "period": "2026-10-01", "filing_date": "2026-03-30", "carried_forward": false, "raum_total": 50424555192.0, "raum_discretionary": 45425876719.0, "raum_non_discretionary": 4998678473.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 122, "advisory_employees": 82, "client_count_bucket": null, "clients_by_type": { "state_municipal": { "raum": 17353778474.0, "count": 31 }, "insurance_companies": { "raum": 9313931075.0, "count": 9 }, "pension_profit_sharing": { "raum": 10716968848.0, "count": 24 }, "pooled_investment_vehicles": { "raum": 13039876795.0, "count": 12 } }, "compensation_types": [ "fixed", "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 2, "states_registered": [], "websites": [ "https://cbreim.com", "https://cbreim.jp", "https://linkedin.com/company/cbre-investment-management/posts?feedView=all", "https://linkedin.com/company/cbreim", "https://linkedin.com/newsletters/cbre-im-informed-7120501641614626816", "https://x.com/CBRE_IM" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/163590", "disclosure_items": [ { "item": "11.C(2)", "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?" }, { "item": "11.C(5)", "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?" } ], "city_as_filed": "LONDON", "url": "https://advisorcensus.com/firm/cbre-investment-management-indirect-limited-london-163590", "display_name": "Cbre Investment Management Indirect Limited", "summary": "Cbre Investment Management Indirect Limited is an SEC-registered investment advisory firm in London, United Kingdom, registered since 2014, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.", "citation": "AdvisorCensus. Cbre Investment Management Indirect Limited (CRD 163590): 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)", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients" ], "quick_answers": [ { "q": "How is Cbre Investment Management Indirect Limited compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Cbre Investment Management Indirect Limited reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Cbre Investment Management Indirect Limited located?", "a": "Cbre Investment Management Indirect Limited's principal office is in London, United Kingdom, according to its Form ADV; the April 2026 filing also lists 7 other offices (Schedule D, Section 1.F)." }, { "q": "Is Cbre Investment Management Indirect Limited registered with the SEC or a state?", "a": "Cbre Investment Management Indirect Limited is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 163590." }, { "q": "How much does Cbre Investment Management Indirect Limited manage?", "a": "Cbre Investment Management Indirect Limited reports $50,424,555,192 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (90% discretionary)." }, { "q": "How have Cbre Investment Management Indirect Limited's assets and staff changed since 2021?", "a": "In the Form ADV data for Cbre Investment Management Indirect Limited: Regulatory assets under management: $29,858,296,970 in the October 2021 data and $50,424,555,192 in the October 2026 data, up 69%. Total employees: 95 in October 2021 and 122 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Cbre Investment Management Indirect Limited serve?", "a": "By number of clients on Form ADV Item 5.D: state or municipal government entities (including government pension plans) (31); pension and profit sharing plans (but not the plan participants or government pension plans) (24); pooled investment vehicles (other than investment companies and business development companies) (12)." }, { "q": "Which custodians does Cbre Investment Management Indirect Limited use?", "a": "Cbre Investment Management Indirect Limited's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Alter Domus and Northern Trust as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Cbre Investment Management Indirect Limited report any disciplinary disclosures?", "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation) and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). 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/163590" }, { "q": "What changed in Cbre Investment Management Indirect Limited's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 77 to 82. Regulatory assets under management went from $43,449,080,792 to $50,424,555,192 (+16%). Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 29858296970.0, "total_employees": 95, "filing_date": "2021-09-27" }, { "period": "2022-10-01", "regulatory_assets_under_management": 34460971347.0, "total_employees": 95, "filing_date": "2022-03-25" }, { "period": "2023-10-01", "regulatory_assets_under_management": 41556810163.0, "total_employees": 110, "filing_date": "2023-03-01" }, { "period": "2024-10-01", "regulatory_assets_under_management": 38722549471.0, "total_employees": 112, "filing_date": "2024-08-22" }, { "period": "2025-10-01", "regulatory_assets_under_management": 43449080792.0, "total_employees": 111, "filing_date": "2025-03-26" }, { "period": "2026-10-01", "regulatory_assets_under_management": 50424555192.0, "total_employees": 122, "filing_date": "2026-03-30" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 77 to 82.", "Regulatory assets under management went from $43,449,080,792 to $50,424,555,192 (+16%).", "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2025-11-01", "period_label": "November 2025", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Alter Domus", "name_as_filed": "ALTER DOMUS", "affiliated": false }, { "name": "Northern Trust", "name_as_filed": "NORTHERN TRUST", "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/cbre-investment-management-indirect-limited-london-163590.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 12, "fewer_than_5": false, "raum": 13039876795.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 24, "fewer_than_5": false, "raum": 10716968848.0 }, { "type": "state_municipal", "label": "State or municipal government entities (including government pension plans)", "count": 31, "fewer_than_5": false, "raum": 17353778474.0 }, { "type": "insurance_companies", "label": "Insurance companies", "count": 9, "fewer_than_5": false, "raum": 9313931075.0 } ], "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/163590", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }