# Linden Capital Partners

> Linden Capital Partners is an SEC-registered investment advisory firm in Chicago, IL, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.

- CRD: 161059
- Filed as: LINDEN CAPITAL PARTNERS
- Legal name: Linden Manager LLC
- Also doing business as: LINDEN LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/161059
- AdvisorCensus page: https://advisorcensus.com/firm/linden-capital-partners-chicago-il-161059

## Quick answers

**How is Linden Capital Partners compensated?**
On its Form ADV (Item 5.E, October 2026), Linden Capital Partners reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other.

**Where is Linden Capital Partners located?**
Linden Capital Partners' principal office is in Chicago, IL, according to its Form ADV.

**Is Linden Capital Partners registered with the SEC or a state?**
Linden Capital Partners is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 161059.

**How much does Linden Capital Partners manage?**
Linden Capital Partners reports $13,947,787,397 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary).

**How have Linden Capital Partners' assets and staff changed since 2021?**
In the Form ADV data for Linden Capital Partners: Regulatory assets under management: $4,109,496,121 in the October 2021 data and $13,947,787,397 in the October 2026 data, up 239%. Total employees: 29 in October 2021 and 55 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Linden Capital Partners serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (28).

**Does Linden Capital Partners 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/161059

**What changed in Linden Capital Partners' recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 42 to 47. Regulatory assets under management went from $12,536,397,710 to $13,947,787,397 (+11%).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $13,947,787,397
- Discretionary: $13,947,787,397
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 28 | $13,947,787,397 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Other

### Firm details
- Registered since: 2012 (14 years)
- Employees: 55 total, 47 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- linden.com
- LinkedIn @linden-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $4,109,496,121 | 29 | April 22, 2021 |
| October 2022 | $7,992,042,923 | 31 | August 15, 2022 |
| October 2023 | $7,979,609,772 | 39 | September 27, 2023 |
| October 2024 | $7,945,609,121 | 40 | August 15, 2024 |
| October 2025 | $12,536,397,710 | 49 | March 29, 2025 |
| October 2026 | $13,947,787,397 | 55 | March 25, 2026 |

Regulatory assets under management: $4,109,496,121 in the October 2021 data and $13,947,787,397 in the October 2026 data, up 239%.
Total employees: 29 in October 2021 and 55 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 42 to 47.
- Regulatory assets under management went from $12,536,397,710 to $13,947,787,397 (+11%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Linden Capital Partners (CRD 161059): Form ADV filing data as of October 2026.