# Indus Capital Partners, LLC

> Indus Capital Partners, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2006, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 133738
- Filed as: INDUS CAPITAL PARTNERS, LLC
- 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/133738
- AdvisorCensus page: https://advisorcensus.com/firm/indus-capital-partners-llc-new-york-ny-133738

## Quick answers

**How is Indus Capital Partners, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Indus Capital Partners, 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 Indus Capital Partners, LLC located?**
Indus Capital Partners, 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 Indus Capital Partners, LLC registered with the SEC or a state?**
Indus Capital Partners, LLC is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 133738.

**How much does Indus Capital Partners, LLC manage?**
Indus Capital Partners, LLC reports $5,089,030,261 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (99% discretionary).

**How have Indus Capital Partners, LLC's assets and staff changed since 2021?**
In the Form ADV data for Indus Capital Partners, LLC: Regulatory assets under management: $4,891,449,528 in the October 2021 data and $5,089,030,261 in the October 2026 data, up 4%. Total employees: 63 in October 2021 and 59 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Indus Capital Partners, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (12); other (5).

**Which custodians does Indus Capital Partners, LLC use?**
Indus Capital Partners, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists J.P. Morgan Securities, N.A., Morgan Stanley & Co. LLC, Northern Trust Company and Quintet Private Bank Europe (S.A.) as custodians holding 10% or more of its separately managed account assets.

**Does Indus Capital 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/133738

**What changed in Indus Capital Partners, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 26 to 28. Regulatory assets under management went from $4,036,087,471 to $5,089,030,261 (+26%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- J.P. Morgan Securities, N.A.
- Morgan Stanley & Co. LLC
- Northern Trust Company
- Quintet Private Bank Europe (S.A.)

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $5,089,030,261
- Discretionary: $5,038,451,842
- Non-discretionary: $50,578,419

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 12 | $4,118,719,307 |
| Other | 5 | $970,310,954 |

### 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: 2006 (20 years)
- Employees: 59 total, 28 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 April 2026 filing
- San Francisco, CA

### Websites listed on Form ADV (Item 1.I)
- induscap.com
- LinkedIn @indus-capital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $4,891,449,528 | 63 | March 24, 2021 |
| October 2022 | $4,751,153,235 | 58 | September 8, 2022 |
| October 2023 | $3,206,434,333 | 60 | March 28, 2023 |
| October 2024 | $3,927,367,546 | 56 | July 29, 2024 |
| October 2025 | $4,036,087,471 | 55 | March 24, 2025 |
| October 2026 | $5,089,030,261 | 59 | March 30, 2026 |

Regulatory assets under management: $4,891,449,528 in the October 2021 data and $5,089,030,261 in the October 2026 data, up 4%.
Total employees: 63 in October 2021 and 59 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 26 to 28.
- Regulatory assets under management went from $4,036,087,471 to $5,089,030,261 (+26%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Indus Capital Partners, LLC (CRD 133738): Form ADV filing data as of October 2026.