# Peregrine Capital Management, LLC

> Peregrine Capital Management, LLC is an SEC-registered investment advisory firm in Minneapolis, MN, registered since 1984, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 110052
- Filed as: PEREGRINE CAPITAL MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Minneapolis, MN
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/110052
- AdvisorCensus page: https://advisorcensus.com/firm/peregrine-capital-management-llc-minneapolis-mn-110052

## Quick answers

**How is Peregrine Capital Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Peregrine Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Peregrine Capital Management, LLC located?**
Peregrine Capital Management, LLC's principal office is in Minneapolis, MN, according to its Form ADV.

**Is Peregrine Capital Management, LLC registered with the SEC or a state?**
Peregrine Capital Management, LLC is an SEC-registered investment advisory firm, registered since 1984. Status as filed: Approved. CRD 110052.

**How much does Peregrine Capital Management, LLC manage?**
Peregrine Capital Management, LLC reports $4,068,241,690 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have Peregrine Capital Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Peregrine Capital Management, LLC: Regulatory assets under management: $5,803,124,072 in the October 2021 data and $4,068,241,690 in the October 2026 data, down 30%. Total employees: 28 in October 2021 and 28 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Peregrine Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: state or municipal government entities (including government pension plans) (8); high net worth individuals (6); pooled investment vehicles (other than investment companies and business development companies) (4).

**Which custodians does Peregrine Capital Management, LLC use?**
Peregrine Capital Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank of New York Mellon, Northern Trust Company and State Street Bank and Trust Company as custodians holding 10% or more of its separately managed account assets.

**Does Peregrine Capital 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/110052

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Bank of New York Mellon
- Northern Trust Company
- State Street Bank and Trust Company

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $4,068,241,690
- Discretionary: $4,052,298,787
- Non-discretionary: $15,942,903

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 6 | $43,106,311 |
| Investment companies | 3 | $1,115,253,128 |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $1,060,536,178 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 3 | $302,213,488 |
| Charitable organizations | 3 | $60,496,030 |
| State or municipal government entities (including government pension plans) | 8 | $1,389,721,016 |
| Insurance companies | 2 | $86,515,227 |
| Corporations or other businesses not listed above | 1 | $10,400,312 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 1984 (42 years)
- Employees: 28 total, 11 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MN, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- peregrine.com
- LinkedIn @PEREGRINE-CAPITAL-MANAGEMENT-LLC

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $5,803,124,072 | 28 | April 6, 2021 |
| October 2022 | $5,941,952,814 | 27 | March 25, 2022 |
| October 2023 | $3,900,984,232 | 29 | March 28, 2023 |
| October 2024 | $4,198,534,202 | 29 | March 28, 2024 |
| October 2025 | $4,255,751,720 | 28 | March 25, 2025 |
| October 2026 | $4,068,241,690 | 28 | March 27, 2026 |

Regulatory assets under management: $5,803,124,072 in the October 2021 data and $4,068,241,690 in the October 2026 data, down 30%.
Total employees: 28 in October 2021 and 28 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Peregrine Capital Management, LLC (CRD 110052): Form ADV filing data as of October 2026.