# RP Management, LLC

> RP Management, LLC 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: 161569
- Filed as: RP MANAGEMENT, LLC
- 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/161569
- AdvisorCensus page: https://advisorcensus.com/firm/rp-management-llc-new-york-ny-161569

## Quick answers

**How is RP Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), RP Management, 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 RP Management, LLC located?**
RP Management, LLC's principal office is in New York, NY, according to its Form ADV.

**Is RP Management, LLC registered with the SEC or a state?**
RP Management, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 161569.

**How much does RP Management, LLC manage?**
RP Management, LLC reports $2,139,046,014 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have RP Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for RP Management, LLC: Regulatory assets under management: $16,343,772,536 in the October 2021 data and $2,139,046,014 in the October 2026 data, down 87%. Total employees: 46 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does RP Management, 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 RP 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/161569

**What changed in RP Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $1,357,320,433 to $2,139,046,014 (+58%).

## 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: $2,139,046,014
- Discretionary: $2,139,046,014
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 7 | $2,139,046,014 |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 2 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- 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 2021 | $16,343,772,536 | 46 | April 29, 2021 |
| October 2022 | $17,710,040,913 | 67 | March 30, 2022 |
| October 2023 | $17,018,838,887 | 75 | April 28, 2023 |
| October 2024 | $17,646,826,055 | 86 | March 28, 2024 |
| October 2025 | $1,357,320,433 | 2 | June 15, 2025 |
| October 2026 | $2,139,046,014 | 2 | March 31, 2026 |

Regulatory assets under management: $16,343,772,536 in the October 2021 data and $2,139,046,014 in the October 2026 data, down 87%.
Total employees: 46 in October 2021 and 2 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $1,357,320,433 to $2,139,046,014 (+58%).

### January 2026
- No longer registered or notice-filed in CA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. RP Management, LLC (CRD 161569): Form ADV filing data as of October 2026.