{ "crd_number": 169355, "slug": "healthcare-royalty-management-llc-new-york-ny-169355", "primary_business_name": "HEALTHCARE ROYALTY MANAGEMENT, LLC", "legal_name": "HEALTHCARE ROYALTY MANAGEMENT, LLC", "dbas": [], "city": "New York", "state": "NY", "country": "United States", "cbsa_code": "35620", "metro": { "cbsa_code": "35620", "common_name": "New York", "msa_name": "New York-Newark-Jersey City, NY-NJ", "path": "/advisors/ny/new-york" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2014-04-02", "years_registered": 12, "period": "2026-10-01", "filing_date": "2026-08-17", "carried_forward": false, "raum_total": 3777710132.0, "raum_discretionary": 3293550611.0, "raum_non_discretionary": 484159521.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 23, "advisory_employees": 19, "client_count_bucket": null, "clients_by_type": { "insurance_companies": { "raum": 251298000.0, "count": 2 }, "pooled_investment_vehicles": { "raum": 3526412132.0, "count": 11 } }, "compensation_types": [ "fixed", "other", "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CA", "CT", "FL", "MA" ], "websites": [ "https://hcrx.com", "https://linkedin.com/COMPANY/HEALTHCARE-ROYALTY-PARTNERS" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/169355", "city_as_filed": "NEW YORK", "url": "https://advisorcensus.com/firm/healthcare-royalty-management-llc-new-york-ny-169355", "display_name": "Healthcare Royalty Management, LLC", "summary": "Healthcare Royalty Management, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2014, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 17, 2026.", "citation": "AdvisorCensus. Healthcare Royalty Management, LLC (CRD 169355): 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", "Other" ], "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 Healthcare Royalty Management, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Healthcare Royalty Management, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Healthcare Royalty Management, LLC located?", "a": "Healthcare Royalty Management, LLC's principal office is in New York, NY, according to its Form ADV; the September 2026 filing also lists 4 other offices (Schedule D, Section 1.F)." }, { "q": "Is Healthcare Royalty Management, LLC registered with the SEC or a state?", "a": "Healthcare Royalty Management, LLC is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 169355." }, { "q": "How much does Healthcare Royalty Management, LLC manage?", "a": "Healthcare Royalty Management, LLC reports $3,777,710,132 in regulatory assets under management in its Form ADV filing dated August 17, 2026 (87% discretionary)." }, { "q": "How have Healthcare Royalty Management, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Healthcare Royalty Management, LLC: Regulatory assets under management: $4,082,345,702 in the October 2021 data and $3,777,710,132 in the October 2026 data, down 7%. Total employees: 21 in October 2021 and 23 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Healthcare Royalty Management, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (11); insurance companies (2)." }, { "q": "Does Healthcare Royalty Management, LLC report any disciplinary disclosures?", "a": "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/169355" }, { "q": "What changed in Healthcare Royalty Management, LLC's recent Form ADV filings?", "a": "In the September 2026 filing data: Added an office in Stamford, CT. No longer lists an office in New York, NY." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 4082345702.0, "total_employees": 21, "filing_date": "2021-03-30" }, { "period": "2022-10-01", "regulatory_assets_under_management": 3705233570.0, "total_employees": 19, "filing_date": "2022-03-31" }, { "period": "2023-10-01", "regulatory_assets_under_management": 3444106439.0, "total_employees": 22, "filing_date": "2023-03-31" }, { "period": "2024-10-01", "regulatory_assets_under_management": 3473373635.0, "total_employees": 23, "filing_date": "2024-03-27" }, { "period": "2025-10-01", "regulatory_assets_under_management": 3332512906.0, "total_employees": 23, "filing_date": "2025-03-27" }, { "period": "2026-10-01", "regulatory_assets_under_management": 3777710132.0, "total_employees": 23, "filing_date": "2026-08-17" } ], "recent_changes": [ { "period": "2026-09-01", "period_label": "September 2026", "notes": [ "Added an office in Stamford, CT.", "No longer lists an office in New York, NY." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Regulatory assets under management went from $3,332,512,906 to $3,777,710,132 (+13%).", "Changed its office addresses in Boston, MA.", "Changed its office addresses in Miami, FL.", "Changed its office addresses in San Francisco, CA.", "Added an office in New York, NY.", "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/healthcare-royalty-management-llc-new-york-ny-169355.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 11, "fewer_than_5": false, "raum": 3526412132.0 }, { "type": "insurance_companies", "label": "Insurance companies", "count": 2, "fewer_than_5": false, "raum": 251298000.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "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/169355", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }