# Petiole USA Limited

> Petiole USA Limited is an SEC-registered investment advisory firm in New York, NY, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 159788
- Filed as: PETIOLE USA LIMITED
- 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/159788
- AdvisorCensus page: https://advisorcensus.com/firm/petiole-usa-limited-new-york-ny-159788

## Quick answers

**How is Petiole USA Limited compensated?**
On its Form ADV (Item 5.E, October 2026), Petiole USA Limited reports these compensation arrangements: other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Petiole USA Limited located?**
Petiole USA Limited's principal office is in New York, NY, according to its Form ADV.

**Is Petiole USA Limited registered with the SEC or a state?**
Petiole USA Limited is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 159788.

**How much does Petiole USA Limited manage?**
Petiole USA Limited reports $1,050,648,830 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (0% discretionary).

**How have Petiole USA Limited's assets and staff changed since 2021?**
In the Form ADV data for Petiole USA Limited: Regulatory assets under management: $1,221,847,028 in the October 2021 data and $1,050,648,830 in the October 2026 data, down 14%. Total employees: 12 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Petiole USA Limited serve?**
By number of clients on Form ADV Item 5.D: other investment advisers (1).

**Does Petiole USA Limited 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/159788

**What changed in Petiole USA Limited's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 5 to 3.

## From the Form ADV filing

### Compensation (Item 5.E)
- Other

### Regulatory assets under management (Item 5.F)
- Total: $1,050,648,830
- Discretionary: $0
- Non-discretionary: $1,050,648,830

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Other investment advisers | 1 | $1,050,648,830 |

### Advisory services (Item 5.G)
- Other

### Firm details
- Registered since: 2012 (14 years)
- Employees: 7 total, 3 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,221,847,028 | 12 | June 14, 2021 |
| October 2022 | $1,371,554,963 | 9 | March 22, 2022 |
| October 2023 | $1,020,885,906 | 6 | July 27, 2023 |
| October 2024 | $1,065,727,015 | 7 | March 28, 2024 |
| October 2025 | $1,134,280,686 | 8 | March 28, 2025 |
| October 2026 | $1,050,648,830 | 7 | March 31, 2026 |

Regulatory assets under management: $1,221,847,028 in the October 2021 data and $1,050,648,830 in the October 2026 data, down 14%.
Total employees: 12 in October 2021 and 7 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 5 to 3.

### February 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. Petiole USA Limited (CRD 159788): Form ADV filing data as of October 2026.