# First Sentier Investors

> First Sentier Investors is an SEC-registered investment advisory firm in Barangaroo, Nsw, Australia, registered since 2016, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated May 12, 2026.

- CRD: 175193
- Filed as: FIRST SENTIER INVESTORS
- Legal name: First Sentier Investors (Australia) RE Ltd
- Also doing business as: IGNEO INFRASTRUCTURE PARTNERS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Barangaroo, Nsw, Australia
- Filing period: October 2026
- Form ADV filing dated: May 12, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/175193
- AdvisorCensus page: https://advisorcensus.com/firm/first-sentier-investors-barangaroo-nsw-175193

## Quick answers

**How is First Sentier Investors compensated?**
On its Form ADV (Item 5.E, October 2026), First Sentier Investors 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 First Sentier Investors located?**
First Sentier Investors' principal office is in Barangaroo, Nsw, Australia, according to its Form ADV; the June 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is First Sentier Investors registered with the SEC or a state?**
First Sentier Investors is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 175193.

**How much does First Sentier Investors manage?**
First Sentier Investors reports $6,826,532,723 in regulatory assets under management in its Form ADV filing dated May 12, 2026 (100% discretionary).

**How have First Sentier Investors' assets and staff changed since 2021?**
In the Form ADV data for First Sentier Investors: Regulatory assets under management: $7,188,916,319 in the October 2021 data and $6,826,532,723 in the October 2026 data, down 5%. Total employees: 45 in October 2021 and 55 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does First Sentier Investors serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (19); pension and profit sharing plans (but not the plan participants or government pension plans) (3); insurance companies (1).

**Does First Sentier Investors 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/175193

**What changed in First Sentier Investors' recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 43 to 30. Regulatory assets under management went from $7,972,100,336 to $6,826,532,723 (-14%).

## 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: $6,826,532,723
- Discretionary: $6,826,532,723
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 19 | $5,757,851,793 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 3 | $623,072,462 |
| Insurance companies | 1 | $19,821,911 |
| Sovereign wealth funds and foreign official institutions | 1 | $370,892,574 |
| Corporations or other businesses not listed above | 1 | $54,893,983 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2016 (10 years)
- Employees: 55 total, 30 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 June 2026 filing
- George Town, Grand Cayman
- London
- Ny, NY

### Websites listed on Form ADV (Item 1.I)
- firstsentiergroup.com
- firstsentierinvestors.com.au
- igneoip.com
- LinkedIn @first-sentier-group
- LinkedIn @first-sentier-investors
- LinkedIn @igneo-infrastructure-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $7,188,916,319 | 45 | May 3, 2021 |
| October 2022 | $9,100,656,199 | 52 | May 4, 2022 |
| October 2023 | $8,639,055,979 | 61 | August 24, 2023 |
| October 2024 | $8,700,879,456 | 69 | August 29, 2024 |
| October 2025 | $7,972,100,336 | 69 | July 7, 2025 |
| October 2026 | $6,826,532,723 | 55 | May 12, 2026 |

Regulatory assets under management: $7,188,916,319 in the October 2021 data and $6,826,532,723 in the October 2026 data, down 5%.
Total employees: 45 in October 2021 and 55 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 43 to 30.
- Regulatory assets under management went from $7,972,100,336 to $6,826,532,723 (-14%).

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

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

### December 2025
- Changed its office addresses in Ny, NY.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. First Sentier Investors (CRD 175193): Form ADV filing data as of October 2026.