# Redmile Group

> Redmile Group is an SEC-registered investment advisory firm in Larkspur, CA, registered since 2007, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 28, 2026.

- CRD: 143606
- Filed as: REDMILE GROUP
- Legal name: Redmile Group, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Larkspur, CA
- Filing period: October 2026
- Form ADV filing dated: August 28, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/143606
- AdvisorCensus page: https://advisorcensus.com/firm/redmile-group-larkspur-ca-143606

## Quick answers

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

**Where is Redmile Group located?**
Redmile Group's principal office is in Larkspur, CA, according to its Form ADV; the September 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Redmile Group registered with the SEC or a state?**
Redmile Group is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 143606.

**How much does Redmile Group manage?**
Redmile Group reports $4,701,099,967 in regulatory assets under management in its Form ADV filing dated August 28, 2026 (100% discretionary).

**How have Redmile Group's assets and staff changed since 2021?**
In the Form ADV data for Redmile Group: Regulatory assets under management: $14,344,486,253 in the October 2021 data and $4,701,099,967 in the October 2026 data, down 67%. Total employees: 33 in October 2021 and 30 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Redmile Group serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (26).

**Does Redmile Group report any disciplinary disclosures?**
Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/143606

**What changed in Redmile Group's recent Form ADV filings?**
In the July 2026 filing data: Added an office in London.

## 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: $4,701,099,967
- Discretionary: $4,701,099,967
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 26 | $4,701,099,967 |

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

### Firm details
- Registered since: 2007 (19 years)
- Employees: 30 total, 15 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, NY
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/143606

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- London
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- redmilegroup.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $14,344,486,253 | 33 | March 31, 2021 |
| October 2022 | $11,582,222,474 | 39 | August 15, 2022 |
| October 2023 | $7,236,737,898 | 38 | May 5, 2023 |
| October 2024 | $6,473,965,022 | 35 | July 3, 2024 |
| October 2025 | $4,835,026,495 | 30 | March 31, 2025 |
| October 2026 | $4,701,099,967 | 30 | August 28, 2026 |

Regulatory assets under management: $14,344,486,253 in the October 2021 data and $4,701,099,967 in the October 2026 data, down 67%.
Total employees: 33 in October 2021 and 30 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Added an office in London.

### April 2026
- Employees performing advisory functions went from 13 to 15.
- No longer lists an office in Paris.

### November 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Redmile Group (CRD 143606): Form ADV filing data as of October 2026.