# Horsley Bridge Partners LLC

> Horsley Bridge Partners LLC is an SEC-registered investment advisory firm in San Francisco, CA, registered since 1997, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 17, 2026.

- CRD: 110877
- Filed as: HORSLEY BRIDGE PARTNERS LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: June 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/110877
- AdvisorCensus page: https://advisorcensus.com/firm/horsley-bridge-partners-llc-san-francisco-ca-110877

## Quick answers

**How is Horsley Bridge Partners LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Horsley Bridge Partners LLC reports these compensation arrangements: performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Horsley Bridge Partners LLC located?**
Horsley Bridge Partners LLC's principal office is in San Francisco, CA, according to its Form ADV; the July 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Horsley Bridge Partners LLC registered with the SEC or a state?**
Horsley Bridge Partners LLC is an SEC-registered investment advisory firm, registered since 1997. Status as filed: Approved. CRD 110877.

**How much does Horsley Bridge Partners LLC manage?**
Horsley Bridge Partners LLC reports $23,608,854,383 in regulatory assets under management in its Form ADV filing dated June 17, 2026 (100% discretionary).

**How have Horsley Bridge Partners LLC's assets and staff changed since 2021?**
In the Form ADV data for Horsley Bridge Partners LLC: Regulatory assets under management: $17,454,860,232 in the October 2021 data and $23,608,854,383 in the October 2026 data, up 35%. Total employees: 40 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 Horsley Bridge Partners LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (45); pension and profit sharing plans (but not the plan participants or government pension plans) (1).

**Does Horsley Bridge Partners 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/110877

**What changed in Horsley Bridge Partners LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 11 to 10.

## From the Form ADV filing

### Compensation (Item 5.E)
- Performance-based fees
- Other

### Regulatory assets under management (Item 5.F)
- Total: $23,608,854,383
- Discretionary: $23,592,557,117
- Non-discretionary: $16,297,266

### 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) | 45 | $23,592,557,117 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $16,297,266 |
| 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)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 1997 (29 years)
- Employees: 45 total, 10 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- London

### Websites listed on Form ADV (Item 1.I)
- horsleybridge.com
- LinkedIn @horsley-bridge-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $17,454,860,232 | 40 | June 30, 2021 |
| October 2022 | $27,369,072,917 | 47 | July 1, 2022 |
| October 2023 | $23,673,659,320 | 47 | July 7, 2023 |
| October 2024 | $21,696,892,706 | 47 | July 23, 2024 |
| October 2025 | $22,307,910,148 | 47 | July 31, 2025 |
| October 2026 | $23,608,854,383 | 45 | June 17, 2026 |

Regulatory assets under management: $17,454,860,232 in the October 2021 data and $23,608,854,383 in the October 2026 data, up 35%.
Total employees: 40 in October 2021 and 45 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 11 to 10.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Horsley Bridge Partners LLC (CRD 110877): Form ADV filing data as of October 2026.