# THL Managers VII, LLC

> THL Managers VII, LLC is an SEC-registered investment advisory firm in Boston, MA, registered since 2014, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 2, 2026.

- CRD: 171042
- Filed as: THL MANAGERS VII, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Boston, MA
- Filing period: October 2026
- Form ADV filing dated: July 2, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/171042
- AdvisorCensus page: https://advisorcensus.com/firm/thl-managers-vii-llc-boston-ma-171042

## Quick answers

**How is THL Managers VII, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), THL Managers VII, LLC reports these compensation arrangements: a percentage of assets under its management; other.

**Where is THL Managers VII, LLC located?**
THL Managers VII, LLC's principal office is in Boston, MA, according to its Form ADV.

**Is THL Managers VII, LLC registered with the SEC or a state?**
THL Managers VII, LLC is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 171042.

**How much does THL Managers VII, LLC manage?**
THL Managers VII, LLC reports $21,483,389,334 in regulatory assets under management in its Form ADV filing dated July 2, 2026 (100% discretionary).

**How have THL Managers VII, LLC's assets and staff changed since 2021?**
In the Form ADV data for THL Managers VII, LLC: Regulatory assets under management: $13,097,349,949 in the October 2021 data and $21,483,389,334 in the October 2026 data, up 64%. Total employees: 127 in October 2021 and 150 in October 2026. Assets under management move with markets as well as with clients coming and going.

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

**Does THL Managers VII, 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/171042

**What changed in THL Managers VII, LLC's recent Form ADV filings?**
In the July 2026 filing data: 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
- Other

### Regulatory assets under management (Item 5.F)
- Total: $21,483,389,334
- Discretionary: $21,483,389,334
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 26 | $21,483,389,334 |

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

### Firm details
- Registered since: 2014 (12 years)
- Employees: 150 total, 92 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- thl.com
- LinkedIn @thomas-h-lee-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $13,097,349,949 | 127 | March 31, 2021 |
| October 2022 | $17,698,319,447 | 134 | September 12, 2022 |
| October 2023 | $15,429,885,261 | 163 | March 31, 2023 |
| October 2024 | $14,393,968,874 | 157 | August 20, 2024 |
| October 2025 | $20,275,213,144 | 149 | March 31, 2025 |
| October 2026 | $21,483,389,334 | 150 | July 2, 2026 |

Regulatory assets under management: $13,097,349,949 in the October 2021 data and $21,483,389,334 in the October 2026 data, up 64%.
Total employees: 127 in October 2021 and 150 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 90 to 92.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. THL Managers VII, LLC (CRD 171042): Form ADV filing data as of October 2026.