# Healthcare Royalty Management, LLC

> 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.

- CRD: 169355
- Filed as: HEALTHCARE ROYALTY MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: August 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/169355
- AdvisorCensus page: https://advisorcensus.com/firm/healthcare-royalty-management-llc-new-york-ny-169355

## Quick answers

**How is Healthcare Royalty Management, LLC compensated?**
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.

**Where is Healthcare Royalty Management, LLC located?**
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).

**Is Healthcare Royalty Management, LLC registered with the SEC or a state?**
Healthcare Royalty Management, LLC is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 169355.

**How much does Healthcare Royalty Management, LLC manage?**
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).

**How have Healthcare Royalty Management, LLC's assets and staff changed since 2021?**
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.

**What types of clients does Healthcare Royalty Management, LLC serve?**
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).

**Does Healthcare Royalty Management, 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/169355

**What changed in Healthcare Royalty Management, LLC's recent Form ADV filings?**
In the September 2026 filing data: Added an office in Stamford, CT. No longer lists an office in New York, NY.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees
- Other

### Regulatory assets under management (Item 5.F)
- Total: $3,777,710,132
- Discretionary: $3,293,550,611
- Non-discretionary: $484,159,521

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 11 | $3,526,412,132 |
| Insurance companies | 2 | $251,298,000 |

### 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: 2014 (12 years)
- Employees: 23 total, 19 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CT, FL, MA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Boston, MA
- Miami, FL
- San Francisco, CA
- Stamford, CT

### Websites listed on Form ADV (Item 1.I)
- [hcrx.com](https://hcrx.com)
- LinkedIn @HEALTHCARE-ROYALTY-PARTNERS

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $4,082,345,702 | 21 | March 30, 2021 |
| October 2022 | $3,705,233,570 | 19 | March 31, 2022 |
| October 2023 | $3,444,106,439 | 22 | March 31, 2023 |
| October 2024 | $3,473,373,635 | 23 | March 27, 2024 |
| October 2025 | $3,332,512,906 | 23 | March 27, 2025 |
| October 2026 | $3,777,710,132 | 23 | August 17, 2026 |

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.

## Changes in the filing (last 12 months)

### September 2026
- Added an office in Stamford, CT.
- No longer lists an office in New York, NY.

### April 2026
- 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Healthcare Royalty Management, LLC (CRD 169355): Form ADV filing data as of October 2026.