# Royalty Pharma SUB-Manager, LLC

> Royalty Pharma SUB-Manager, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2025, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated May 4, 2026.

- CRD: 335070
- Filed as: ROYALTY PHARMA SUB-MANAGER, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: May 4, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/335070
- AdvisorCensus page: https://advisorcensus.com/firm/royalty-pharma-sub-manager-llc-new-york-ny-335070

## Quick answers

**How is Royalty Pharma SUB-Manager, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Royalty Pharma SUB-Manager, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Royalty Pharma SUB-Manager, LLC located?**
Royalty Pharma SUB-Manager, LLC's principal office is in New York, NY, according to its Form ADV.

**Is Royalty Pharma SUB-Manager, LLC registered with the SEC or a state?**
Royalty Pharma SUB-Manager, LLC is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 335070.

**How much does Royalty Pharma SUB-Manager, LLC manage?**
Royalty Pharma SUB-Manager, LLC reports $19,638,739,455 in regulatory assets under management in its Form ADV filing dated May 4, 2026 (100% discretionary).

**How have Royalty Pharma SUB-Manager, LLC's assets and staff changed since 2025?**
In the Form ADV data for Royalty Pharma SUB-Manager, LLC: Regulatory assets under management: $17,630,648,410 in the October 2025 data and $19,638,739,455 in the October 2026 data, up 11%. Total employees: 95 in October 2025 and 91 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Royalty Pharma SUB-Manager, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7).

**Does Royalty Pharma SUB-Manager, 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/335070

**What changed in Royalty Pharma SUB-Manager, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $17,630,648,410 to $19,638,739,455 (+11%). Employees performing advisory functions went from 43 to 48. 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
- Fixed fees (other than subscription fees)
- Performance-based fees
- Other

### Regulatory assets under management (Item 5.F)
- Total: $19,638,739,455
- Discretionary: $19,638,739,455
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 7 | $19,638,739,455 |

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

### Firm details
- Registered since: 2025 (1 year)
- Employees: 91 total, 48 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- royaltypharma.com
- LinkedIn @royalty-pharma

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $17,630,648,410 | 95 | June 15, 2025 |
| October 2026 | $19,638,739,455 | 91 | May 4, 2026 |

Regulatory assets under management: $17,630,648,410 in the October 2025 data and $19,638,739,455 in the October 2026 data, up 11%.
Total employees: 95 in October 2025 and 91 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $17,630,648,410 to $19,638,739,455 (+11%).
- Employees performing advisory functions went from 43 to 48.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Royalty Pharma SUB-Manager, LLC (CRD 335070): Form ADV filing data as of October 2026.