# LLR Management Holdco, L.P.

> 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.

- CRD: 323438
- Filed as: LLR MANAGEMENT HOLDCO, L.P.
- Also doing business as: LLR MANAGEMENT, L.P., LLR PARTNERS (DBA)
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Philadelphia, PA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/323438
- AdvisorCensus page: https://advisorcensus.com/firm/llr-management-holdco-l-p-philadelphia-pa-323438

## Quick answers

**How is LLR Management Holdco, L.P. compensated?**
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.

**Where is LLR Management Holdco, L.P. located?**
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).

**Is LLR Management Holdco, L.P. registered with the SEC or a state?**
LLR Management Holdco, L.P. is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 323438.

**How much does LLR Management Holdco, L.P. manage?**
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).

**How have LLR Management Holdco, L.P.'s assets and staff changed since 2023?**
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.

**What types of clients does LLR Management Holdco, L.P. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (19).

**Does LLR Management Holdco, L.P. 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/323438

**What changed in LLR Management Holdco, L.P.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 39 to 51.

## 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: $7,565,185,588
- Discretionary: $7,565,185,588
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 19 | $7,565,185,588 |

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

### Firm details
- Registered since: 2022 (3 years)
- Employees: 116 total, 51 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: PA
- 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
- Philadelphia, PA

### Websites listed on Form ADV (Item 1.I)
- llrpartners.com
- Instagram @llrpartners
- LinkedIn @LLR-Partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $4,593,470,835 | 113 | August 29, 2023 |
| October 2024 | $5,884,305,456 | 122 | March 29, 2024 |
| October 2025 | $7,041,083,837 | 93 | March 31, 2025 |
| October 2026 | $7,565,185,588 | 116 | March 31, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 39 to 51.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. LLR Management Holdco, L.P. (CRD 323438): Form ADV filing data as of October 2026.