# Saratoga Management Company LLC

> Saratoga Management Company LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2014, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 161822
- Filed as: SARATOGA MANAGEMENT COMPANY LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/161822
- AdvisorCensus page: https://advisorcensus.com/firm/saratoga-management-company-llc-new-york-ny-161822

## Quick answers

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

**Where is Saratoga Management Company LLC located?**
Saratoga Management Company LLC's principal office is in New York, NY, according to its Form ADV.

**Is Saratoga Management Company LLC registered with the SEC or a state?**
Saratoga Management Company LLC is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 161822.

**How much does Saratoga Management Company LLC manage?**
Saratoga Management Company LLC reports $1,898,850,900 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Saratoga Management Company LLC's assets and staff changed since 2021?**
In the Form ADV data for Saratoga Management Company LLC: Regulatory assets under management: $1,197,645,550 in the October 2021 data and $1,898,850,900 in the October 2026 data, up 59%. Total employees: 1 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 Saratoga Management Company LLC serve?**
By number of clients on Form ADV Item 5.D: business development companies (1); pooled investment vehicles (other than investment companies and business development companies) (1).

**Does Saratoga Management Company 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/161822

**Does Saratoga Management Company LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 30, 2026 says: "Saratoga has no minimum account size or other requirements for opening or maintaining an account."

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

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Account minimum: None

> Saratoga has no minimum account size or other requirements for opening or maintaining an account.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $1,898,850,900
- Discretionary: $1,898,850,900
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Business development companies | 1 | $1,886,679,600 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $12,171,300 |

### 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: 2014 (12 years)
- Employees: 7 total, 5 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)
- [saratogainvestmentcorp.com](https://saratogainvestmentcorp.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,197,645,550 | 1 | March 30, 2021 |
| October 2022 | $1,628,546,900 | 1 | March 23, 2022 |
| October 2023 | $1,948,262,200 | 5 | March 29, 2023 |
| October 2024 | $2,155,185,400 | 5 | March 28, 2024 |
| October 2025 | $1,923,469,000 | 5 | March 27, 2025 |
| October 2026 | $1,898,850,900 | 7 | March 30, 2026 |

Regulatory assets under management: $1,197,645,550 in the October 2021 data and $1,898,850,900 in the October 2026 data, up 59%.
Total employees: 1 in October 2021 and 7 in October 2026.

## Changes in the filing (last 12 months)

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

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Saratoga Management Company LLC (CRD 161822): Form ADV filing data as of October 2026.