# Madryn Asset Management, LP

> Madryn Asset Management, LP is an SEC-registered investment advisory firm in New York, NY, registered since 2017, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 286065
- Filed as: MADRYN ASSET MANAGEMENT, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/286065
- AdvisorCensus page: https://advisorcensus.com/firm/madryn-asset-management-lp-new-york-ny-286065

## Quick answers

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

**Where is Madryn Asset Management, LP located?**
Madryn Asset Management, LP's principal office is in New York, NY, according to its Form ADV.

**Is Madryn Asset Management, LP registered with the SEC or a state?**
Madryn Asset Management, LP is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 286065.

**How much does Madryn Asset Management, LP manage?**
Madryn Asset Management, LP reports $914,989,241 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (89% discretionary).

**How have Madryn Asset Management, LP's assets and staff changed since 2021?**
In the Form ADV data for Madryn Asset Management, LP: Regulatory assets under management: $472,213,022 in the October 2021 data and $914,989,241 in the October 2026 data, up 94%. Total employees: 8 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Madryn Asset Management, LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (9).

**Does Madryn Asset Management, 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/286065

**Does Madryn Asset Management, LP state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "Generally, the minimum commitment to a Fund will be $10,000,000, which may be waived in Madryn’s sole discretion."

**What changed in Madryn Asset Management, LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 9 to 7. No longer lists an office in Chapel Hill, NC.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Account minimum: $10,000,000 (the brochure says it may be waived or negotiated)

> Generally, the minimum commitment to a Fund will be $10,000,000, which may be waived in Madryn’s sole discretion.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $914,989,241
- Discretionary: $816,166,371
- Non-discretionary: $98,822,870

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 9 | $914,989,241 |

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

### Firm details
- Registered since: 2017 (9 years)
- Employees: 11 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NC
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- madrynlp.com
- LinkedIn @madryn-asset-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $472,213,022 | 8 | March 25, 2021 |
| October 2022 | $1,006,000,000 | 11 | June 2, 2022 |
| October 2023 | $1,241,000,000 | 12 | March 31, 2023 |
| October 2024 | $1,147,666,733 | 12 | March 29, 2024 |
| October 2025 | $906,563,000 | 12 | March 31, 2025 |
| October 2026 | $914,989,241 | 11 | March 31, 2026 |

Regulatory assets under management: $472,213,022 in the October 2021 data and $914,989,241 in the October 2026 data, up 94%.
Total employees: 8 in October 2021 and 11 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 9 to 7.
- No longer lists an office in Chapel Hill, NC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Madryn Asset Management, LP (CRD 286065): Form ADV filing data as of October 2026.