# Five Arrows Managers (USA) LLC

> Five Arrows Managers (USA) LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2018, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 286195
- Filed as: FIVE ARROWS MANAGERS (USA) LLC
- Also doing business as: ROTHSCHILD & CO
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/286195
- AdvisorCensus page: https://advisorcensus.com/firm/five-arrows-managers-usa-llc-new-york-ny-286195

## Quick answers

**How is Five Arrows Managers (USA) LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Five Arrows Managers (USA) LLC 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 Five Arrows Managers (USA) LLC located?**
Five Arrows Managers (USA) LLC's principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Five Arrows Managers (USA) LLC registered with the SEC or a state?**
Five Arrows Managers (USA) LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 286195.

**How much does Five Arrows Managers (USA) LLC manage?**
Five Arrows Managers (USA) LLC reports $994,023,395 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Five Arrows Managers (USA) LLC's assets and staff changed since 2021?**
In the Form ADV data for Five Arrows Managers (USA) LLC: Regulatory assets under management: $765,452,601 in the October 2021 data and $994,023,395 in the October 2026 data, up 30%. Total employees: 15 in October 2021 and 45 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 (USA) LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4).

**Does Five Arrows Managers (USA) LLC 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/286195

**What changed in Five Arrows Managers (USA) LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 40 to 42.

## 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: $994,023,395
- Discretionary: $994,023,395
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $994,023,395 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2018 (8 years)
- Employees: 45 total, 42 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- San Francisco, CA

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $765,452,601 | 15 | April 13, 2021 |
| October 2022 | $1,151,307,172 | 19 | March 30, 2022 |
| October 2023 | $783,822,410 | 23 | August 3, 2023 |
| October 2024 | $835,291,865 | 28 | March 28, 2024 |
| October 2025 | $993,690,003 | 42 | March 27, 2025 |
| October 2026 | $994,023,395 | 45 | March 30, 2026 |

Regulatory assets under management: $765,452,601 in the October 2021 data and $994,023,395 in the October 2026 data, up 30%.
Total employees: 15 in October 2021 and 45 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 40 to 42.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Five Arrows Managers (USA) LLC (CRD 286195): Form ADV filing data as of October 2026.