{ "crd_number": 323438, "slug": "llr-management-holdco-l-p-philadelphia-pa-323438", "primary_business_name": "LLR MANAGEMENT HOLDCO, L.P.", "legal_name": "LLR MANAGEMENT HOLDCO, L.P.", "dbas": [ "LLR MANAGEMENT, L.P.", "LLR PARTNERS (DBA)" ], "city": "Philadelphia", "state": "PA", "country": "United States", "cbsa_code": "37980", "metro": { "cbsa_code": "37980", "common_name": "Philadelphia", "msa_name": "Philadelphia-Camden-Wilmington, PA-NJ-DE-MD", "path": "/advisors/pa/philadelphia" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2022-11-01", "years_registered": 3, "period": "2026-10-01", "filing_date": "2026-03-31", "carried_forward": false, "raum_total": 7565185588.0, "raum_discretionary": 7565185588.0, "raum_non_discretionary": 0.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 116, "advisory_employees": 51, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 7565185588.0, "count": 19 } }, "compensation_types": [ "other", "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "PA" ], "websites": [ "https://instagram.com/llrpartners", "https://linkedin.com/company/LLR-Partners", "https://llrpartners.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/323438", "city_as_filed": "PHILADELPHIA", "url": "https://advisorcensus.com/firm/llr-management-holdco-l-p-philadelphia-pa-323438", "display_name": "LLR Management Holdco, L.P.", "summary": "LLR Management Holdco, L.P. is an SEC-registered investment advisory firm in Philadelphia, PA, registered since 2022, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.", "citation": "AdvisorCensus. LLR Management Holdco, L.P. (CRD 323438): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees", "Other" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)" ], "quick_answers": [ { "q": "How is LLR Management Holdco, L.P. compensated?", "a": "On its Form ADV (Item 5.E, October 2026), LLR Management Holdco, L.P. reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is LLR Management Holdco, L.P. located?", "a": "LLR Management Holdco, L.P.'s principal office is in Philadelphia, PA, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)." }, { "q": "Is LLR Management Holdco, L.P. registered with the SEC or a state?", "a": "LLR Management Holdco, L.P. is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 323438." }, { "q": "How much does LLR Management Holdco, L.P. manage?", "a": "LLR Management Holdco, L.P. reports $7,565,185,588 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)." }, { "q": "How have LLR Management Holdco, L.P.'s assets and staff changed since 2023?", "a": "In the Form ADV data for LLR Management Holdco, L.P.: Regulatory assets under management: $4,593,470,835 in the October 2023 data and $7,565,185,588 in the October 2026 data, up 65%. Total employees: 113 in October 2023 and 116 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does LLR Management Holdco, L.P. serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (19)." }, { "q": "Does LLR Management Holdco, L.P. report any disciplinary disclosures?", "a": "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/323438" }, { "q": "What changed in LLR Management Holdco, L.P.'s recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 39 to 51." } ], "filing_history": [ { "period": "2023-10-01", "regulatory_assets_under_management": 4593470835.0, "total_employees": 113, "filing_date": "2023-08-29" }, { "period": "2024-10-01", "regulatory_assets_under_management": 5884305456.0, "total_employees": 122, "filing_date": "2024-03-29" }, { "period": "2025-10-01", "regulatory_assets_under_management": 7041083837.0, "total_employees": 93, "filing_date": "2025-03-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 7565185588.0, "total_employees": 116, "filing_date": "2026-03-31" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 39 to 51." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/llr-management-holdco-l-p-philadelphia-pa-323438.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 19, "fewer_than_5": false, "raum": 7565185588.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/323438", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }