# Linden Advisors LP

> Linden Advisors LP 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 17, 2026.

- CRD: 135431
- Filed as: LINDEN ADVISORS LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/135431
- AdvisorCensus page: https://advisorcensus.com/firm/linden-advisors-lp-new-york-ny-135431

## Quick answers

**How is Linden Advisors LP compensated?**
On its Form ADV (Item 5.E, October 2026), Linden Advisors LP 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 Linden Advisors LP located?**
Linden Advisors LP's principal office is in New York, NY, according to its Form ADV.

**Is Linden Advisors LP registered with the SEC or a state?**
Linden Advisors LP is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 135431.

**How much does Linden Advisors LP manage?**
Linden Advisors LP reports $38,784,484,000 in regulatory assets under management in its Form ADV filing dated March 17, 2026 (100% discretionary).

**How have Linden Advisors LP's assets and staff changed since 2021?**
In the Form ADV data for Linden Advisors LP: Regulatory assets under management: $26,173,148,000 in the October 2021 data and $38,784,484,000 in the October 2026 data, up 48%. Total employees: 42 in October 2021 and 48 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Linden Advisors LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (5).

**Does Linden Advisors LP 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/135431

**What changed in Linden Advisors LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 24 to 25. Regulatory assets under management went from $27,295,352,000 to $38,784,484,000 (+42%). No longer lists an office in Woodcliff Lake, NJ.

## 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: $38,784,484,000
- Discretionary: $38,784,484,000
- 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) | 5 | $38,784,484,000 |
| 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: 2006 (20 years)
- Employees: 48 total, 25 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [lindenlp.com](https://lindenlp.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $26,173,148,000 | 42 | March 25, 2021 |
| October 2022 | $26,014,894,000 | 42 | March 23, 2022 |
| October 2023 | $15,131,441,000 | 43 | March 20, 2023 |
| October 2024 | $18,764,749,000 | 46 | September 3, 2024 |
| October 2025 | $27,295,352,000 | 46 | March 21, 2025 |
| October 2026 | $38,784,484,000 | 48 | March 17, 2026 |

Regulatory assets under management: $26,173,148,000 in the October 2021 data and $38,784,484,000 in the October 2026 data, up 48%.
Total employees: 42 in October 2021 and 48 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 24 to 25.
- Regulatory assets under management went from $27,295,352,000 to $38,784,484,000 (+42%).
- No longer lists an office in Woodcliff Lake, NJ.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Linden Advisors LP (CRD 135431): Form ADV filing data as of October 2026.