{ "crd_number": 162014, "slug": "tb-alternative-assets-ltd-grand-cayman-162014", "primary_business_name": "TB ALTERNATIVE ASSETS LTD.", "legal_name": "TB ALTERNATIVE ASSETS LTD.", "dbas": [], "city": "Grand Cayman", "state": null, "country": "Cayman Islands", "cbsa_code": null, "metro": null, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2015-07-15", "years_registered": 11, "period": "2026-10-01", "filing_date": "2026-03-26", "carried_forward": false, "raum_total": 708213341.0, "raum_discretionary": 708213341.0, "raum_non_discretionary": 0.0, "raum_band": "500m_1b", "raum_band_label": "$500 million to $1 billion", "total_employees": 14, "advisory_employees": 8, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "state_municipal": { "raum": 146805002.0, "count": 1, "fewer_than_5": true }, "pooled_investment_vehicles": { "raum": 561408339.0, "count": 2 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [], "websites": [], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/162014", "city_as_filed": "GRAND CAYMAN", "url": "https://advisorcensus.com/firm/tb-alternative-assets-ltd-grand-cayman-162014", "display_name": "TB Alternative Assets Ltd.", "summary": "TB Alternative Assets Ltd. is an SEC-registered investment advisory firm in Grand Cayman, Cayman Islands, registered since 2015, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 26, 2026.", "citation": "AdvisorCensus. TB Alternative Assets Ltd. (CRD 162014): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients" ], "quick_answers": [ { "q": "How is TB Alternative Assets Ltd. compensated?", "a": "On its Form ADV (Item 5.E, October 2026), TB Alternative Assets Ltd. 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." }, { "q": "Where is TB Alternative Assets Ltd. located?", "a": "TB Alternative Assets Ltd.'s principal office is in Grand Cayman, Cayman Islands, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)." }, { "q": "Is TB Alternative Assets Ltd. registered with the SEC or a state?", "a": "TB Alternative Assets Ltd. is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 162014." }, { "q": "How much does TB Alternative Assets Ltd. manage?", "a": "TB Alternative Assets Ltd. reports $708,213,341 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (100% discretionary)." }, { "q": "How have TB Alternative Assets Ltd.'s assets and staff changed since 2021?", "a": "In the Form ADV data for TB Alternative Assets Ltd.: Regulatory assets under management: $1,370,000,000 in the October 2021 data and $708,213,341 in the October 2026 data, down 48%. Total employees: 18 in October 2021 and 14 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does TB Alternative Assets Ltd. serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2); state or municipal government entities (including government pension plans) (1)." }, { "q": "Which custodians does TB Alternative Assets Ltd. use?", "a": "TB Alternative Assets Ltd.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists The Bank of New York Mellon as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does TB Alternative Assets Ltd. report any disciplinary disclosures?", "a": "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/162014" }, { "q": "What changed in TB Alternative Assets Ltd.'s recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 7 to 8. Regulatory assets under management went from $540,996,697 to $708,213,341 (+31%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 1370000000.0, "total_employees": 18, "filing_date": "2021-03-30" }, { "period": "2022-10-01", "regulatory_assets_under_management": 1129000000.0, "total_employees": 17, "filing_date": "2022-08-24" }, { "period": "2023-10-01", "regulatory_assets_under_management": 486000000.0, "total_employees": 17, "filing_date": "2023-06-28" }, { "period": "2024-10-01", "regulatory_assets_under_management": 445633162.0, "total_employees": 16, "filing_date": "2024-03-25" }, { "period": "2025-10-01", "regulatory_assets_under_management": 540996697.0, "total_employees": 14, "filing_date": "2025-03-19" }, { "period": "2026-10-01", "regulatory_assets_under_management": 708213341.0, "total_employees": 14, "filing_date": "2026-03-26" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 7 to 8.", "Regulatory assets under management went from $540,996,697 to $708,213,341 (+31%)." ] }, { "period": "2026-02-01", "period_label": "February 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2025-12-01", "period_label": "December 2025", "notes": [ "Employees performing advisory functions went from 8 to 7." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "The Bank of New York Mellon", "name_as_filed": "THE BANK OF NEW YORK MELLON", "affiliated": false } ], "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.", "markdown_url": "https://advisorcensus.com/firm/tb-alternative-assets-ltd-grand-cayman-162014.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 2, "fewer_than_5": false, "raum": 561408339.0 }, { "type": "state_municipal", "label": "State or municipal government entities (including government pension plans)", "count": 1, "fewer_than_5": true, "raum": 146805002.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/162014", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }