# Cevian Capital II GP Limited

> Cevian Capital II GP Limited is an SEC-registered investment advisory firm in St. Helier, Jersey, registered since 2006, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated April 7, 2026.

- CRD: 140659
- Filed as: CEVIAN CAPITAL II GP LIMITED
- Also doing business as: CEVIAN CAPITAL (MALTA) LIMITED, CEVIAN CAPITAL (UK) LLP, CEVIAN CAPITAL (US) LLC, CEVIAN CAPITAL AB, CEVIAN CAPITAL AG, CEVIAN CAPITAL LIMITED
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: St. Helier, Jersey
- Filing period: October 2026
- Form ADV filing dated: April 7, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/140659
- AdvisorCensus page: https://advisorcensus.com/firm/cevian-capital-ii-gp-limited-st-helier-140659

## Quick answers

**How is Cevian Capital II GP Limited compensated?**
On its Form ADV (Item 5.E, October 2026), Cevian Capital II GP Limited 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 Cevian Capital II GP Limited located?**
Cevian Capital II GP Limited's principal office is in St. Helier, Jersey, according to its Form ADV; the May 2026 filing also lists 4 other offices (Schedule D, Section 1.F).

**Is Cevian Capital II GP Limited registered with the SEC or a state?**
Cevian Capital II GP Limited is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 140659.

**How much does Cevian Capital II GP Limited manage?**
Cevian Capital II GP Limited reports $17,848,889,007 in regulatory assets under management in its Form ADV filing dated April 7, 2026 (100% discretionary).

**How have Cevian Capital II GP Limited's assets and staff changed since 2021?**
In the Form ADV data for Cevian Capital II GP Limited: Regulatory assets under management: $14,470,629,091 in the October 2021 data and $17,848,889,007 in the October 2026 data, up 23%. Total employees: 54 in October 2021 and 61 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Cevian Capital II GP Limited serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7).

**Does Cevian Capital II GP 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/140659

**What changed in Cevian Capital II GP Limited's recent Form ADV filings?**
In the May 2026 filing data: Item 11 disclosure answers changed: 0 yes answers, previously 1 (now no: 11.D(2)).

## 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: $17,848,889,007
- Discretionary: $17,848,889,007
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 7 | $17,848,889,007 |

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

### Firm details
- Registered since: 2006 (20 years)
- Employees: 61 total, 31 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 May 2026 filing
- London
- Pfaffikon Sz
- St Julians
- Stockholm

### Websites listed on Form ADV (Item 1.I)
- [ceviancapital.com](https://ceviancapital.com)
- LinkedIn @cevian-capital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $14,470,629,091 | 54 | March 19, 2021 |
| October 2022 | $15,645,759,401 | 58 | September 28, 2022 |
| October 2023 | $14,188,507,052 | 56 | June 1, 2023 |
| October 2024 | $14,037,413,372 | 57 | March 20, 2024 |
| October 2025 | $14,332,839,433 | 60 | March 25, 2025 |
| October 2026 | $17,848,889,007 | 61 | April 7, 2026 |

Regulatory assets under management: $14,470,629,091 in the October 2021 data and $17,848,889,007 in the October 2026 data, up 23%.
Total employees: 54 in October 2021 and 61 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Item 11 disclosure answers changed: 0 yes answers, previously 1 (now no: 11.D(2)).

### April 2026
- Employees performing advisory functions went from 32 to 31.
- Regulatory assets under management went from $14,332,839,433 to $17,848,889,007 (+25%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Cevian Capital II GP Limited (CRD 140659): Form ADV filing data as of October 2026.