# Five Arrows Managers North America LLC

> Five Arrows Managers North America LLC is an SEC-registered investment advisory firm in Manhattan Beach, CA, registered since 2005, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 136191
- Filed as: FIVE ARROWS MANAGERS NORTH AMERICA LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Manhattan Beach, CA
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/136191
- AdvisorCensus page: https://advisorcensus.com/firm/five-arrows-managers-north-america-llc-manhattan-beach-ca-136191

## Quick answers

**How is Five Arrows Managers North America LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Five Arrows Managers North America LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Five Arrows Managers North America LLC located?**
Five Arrows Managers North America LLC's principal office is in Manhattan Beach, CA, according to its Form ADV.

**Is Five Arrows Managers North America LLC registered with the SEC or a state?**
Five Arrows Managers North America LLC is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 136191.

**How much does Five Arrows Managers North America LLC manage?**
Five Arrows Managers North America LLC reports $3,365,732,319 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Five Arrows Managers North America LLC's assets and staff changed since 2021?**
In the Form ADV data for Five Arrows Managers North America LLC: Regulatory assets under management: $2,125,230,663 in the October 2021 data and $3,365,732,319 in the October 2026 data, up 58%. Total employees: 11 in October 2021 and 16 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Five Arrows Managers North America LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (11).

**Does Five Arrows Managers North America LLC report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation). 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/136191

## 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: $3,365,732,319
- Discretionary: $3,363,646,232
- Non-discretionary: $2,086,087

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 11 | $3,365,732,319 |

### 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
- Other

### Firm details
- Registered since: 2005 (21 years)
- Employees: 16 total, 11 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, NY
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/136191

### Websites listed on Form ADV (Item 1.I)
- rothschildandco.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,125,230,663 | 11 | March 29, 2021 |
| October 2022 | $2,799,578,706 | 12 | March 23, 2022 |
| October 2023 | $2,653,436,712 | 14 | March 29, 2023 |
| October 2024 | $3,187,707,338 | 14 | March 28, 2024 |
| October 2025 | $3,236,738,578 | 15 | June 5, 2025 |
| October 2026 | $3,365,732,319 | 16 | March 30, 2026 |

Regulatory assets under management: $2,125,230,663 in the October 2021 data and $3,365,732,319 in the October 2026 data, up 58%.
Total employees: 11 in October 2021 and 16 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Five Arrows Managers North America LLC (CRD 136191): Form ADV filing data as of October 2026.