# Propel BIO Management, LLC

> Propel BIO Management, LLC is an SEC-registered investment advisory firm in Los Angeles, CA, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 23, 2026.

- CRD: 322858
- Filed as: PROPEL BIO MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Los Angeles, CA
- Filing period: October 2026
- Form ADV filing dated: March 23, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/322858
- AdvisorCensus page: https://advisorcensus.com/firm/propel-bio-management-llc-los-angeles-ca-322858

## Quick answers

**How is Propel BIO Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Propel BIO 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 Propel BIO Management, LLC located?**
Propel BIO Management, LLC's principal office is in Los Angeles, CA, according to its Form ADV.

**Is Propel BIO Management, LLC registered with the SEC or a state?**
Propel BIO Management, LLC is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 322858.

**How much does Propel BIO Management, LLC manage?**
Propel BIO Management, LLC reports $247,496,668 in regulatory assets under management in its Form ADV filing dated March 23, 2026 (100% discretionary).

**How have Propel BIO Management, LLC's assets and staff changed since 2023?**
In the Form ADV data for Propel BIO Management, LLC: Regulatory assets under management: $109,444,828 in the October 2023 data and $247,496,668 in the October 2026 data, up 126%. Total employees: 5 in October 2023 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Propel BIO Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4); investment companies (1).

**Does Propel BIO 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/322858

**What changed in Propel BIO Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $131,358,834 to $247,496,668 (+88%). 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

### Regulatory assets under management (Item 5.F)
- Total: $247,496,668
- Discretionary: $247,496,668
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 1 | $75,254,486 |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $172,242,182 |

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

### Firm details
- Registered since: 2022 (3 years)
- Employees: 7 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- propelbio.com
- LinkedIn @propel-bio-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $109,444,828 | 5 | August 15, 2023 |
| October 2024 | $149,477,006 | 6 | July 9, 2024 |
| October 2025 | $131,358,834 | 7 | March 25, 2025 |
| October 2026 | $247,496,668 | 7 | March 23, 2026 |

Regulatory assets under management: $109,444,828 in the October 2023 data and $247,496,668 in the October 2026 data, up 126%.
Total employees: 5 in October 2023 and 7 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $131,358,834 to $247,496,668 (+88%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Propel BIO Management, LLC (CRD 322858): Form ADV filing data as of October 2026.