# MHR Fund Management LLC

> MHR Fund Management LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 157212
- Filed as: MHR FUND MANAGEMENT LLC
- 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/157212
- AdvisorCensus page: https://advisorcensus.com/firm/mhr-fund-management-llc-new-york-ny-157212

## Quick answers

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

**Where is MHR Fund Management LLC located?**
MHR Fund Management LLC's principal office is in New York, NY, according to its Form ADV.

**Is MHR Fund Management LLC registered with the SEC or a state?**
MHR Fund Management LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 157212.

**How much does MHR Fund Management LLC manage?**
MHR Fund Management LLC reports $5,257,089,094 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have MHR Fund Management LLC's assets and staff changed since 2021?**
In the Form ADV data for MHR Fund Management LLC: Regulatory assets under management: $5,574,470,087 in the October 2021 data and $5,257,089,094 in the October 2026 data, down 6%. Total employees: 24 in October 2021 and 21 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does MHR Fund Management LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (13).

**Does MHR Fund Management LLC 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/157212

**What changed in MHR Fund Management LLC's recent Form ADV filings?**
In the April 2026 filing data: Updated its list of owners and control persons (Schedule A).

## 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: $5,257,089,094
- Discretionary: $5,257,089,094
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 13 | $5,257,089,094 |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 21 total, 13 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)
- mhrfund.com
- LinkedIn @mhr-fund-management-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $5,574,470,087 | 24 | July 12, 2021 |
| October 2022 | $5,565,099,687 | 24 | March 31, 2022 |
| October 2023 | $5,316,263,000 | 23 | March 31, 2023 |
| October 2024 | $5,343,310,835 | 22 | March 28, 2024 |
| October 2025 | $5,150,446,643 | 22 | March 28, 2025 |
| October 2026 | $5,257,089,094 | 21 | March 31, 2026 |

Regulatory assets under management: $5,574,470,087 in the October 2021 data and $5,257,089,094 in the October 2026 data, down 6%.
Total employees: 24 in October 2021 and 21 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. MHR Fund Management LLC (CRD 157212): Form ADV filing data as of October 2026.