# Toscafund Asset Management

> Toscafund Asset Management is an SEC-registered investment advisory firm in London, United Kingdom, registered since 2011, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated June 26, 2026.

- CRD: 155132
- Filed as: TOSCAFUND ASSET MANAGEMENT
- Legal name: Toscafund Asset Management LLP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: London, United Kingdom
- Filing period: October 2026
- Form ADV filing dated: June 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/155132
- AdvisorCensus page: https://advisorcensus.com/firm/toscafund-asset-management-london-155132

## Quick answers

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

**How much does Toscafund Asset Management charge?**
Its Form ADV Part 2A brochure dated June 26, 2026 states: Asset-based fee: 1.5% to 2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Toscafund Asset Management located?**
Toscafund Asset Management's principal office is in London, United Kingdom, according to its Form ADV.

**Is Toscafund Asset Management registered with the SEC or a state?**
Toscafund Asset Management is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 155132.

**How much does Toscafund Asset Management manage?**
Toscafund Asset Management reports $933,286,192 in regulatory assets under management in its Form ADV filing dated June 26, 2026 (100% discretionary).

**How have Toscafund Asset Management's assets and staff changed since 2021?**
In the Form ADV data for Toscafund Asset Management: Regulatory assets under management: $2,306,015,183 in the October 2021 data and $933,286,192 in the October 2026 data, down 60%. Total employees: 56 in October 2021 and 26 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Toscafund Asset Management serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7).

**Does Toscafund Asset Management 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/155132

## 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 June 26, 2026)

- Asset-based fee: 1.5% to 2% a year (a range, as the brochure states it)

> The Adviser generally charges each client an investment management fee based on the value of the client’s assets under management that ranges from 1.5% to 2.0% per annum.

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

### Regulatory assets under management (Item 5.F)
- Total: $933,286,192
- Discretionary: $933,286,192
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 7 | $933,286,192 |

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

### Firm details
- Registered since: 2011 (14 years)
- Employees: 26 total, 11 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)
- toscafund.com
- LinkedIn @TOSCAFUND-ASSET-MANAGEMENT-LLP

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,306,015,183 | 56 | March 30, 2021 |
| October 2022 | $2,343,539,499 | 65 | March 17, 2022 |
| October 2023 | $2,053,004,744 | 54 | September 12, 2023 |
| October 2024 | $1,400,420,757 | 54 | June 28, 2024 |
| October 2025 | $929,878,847 | 26 | July 1, 2025 |
| October 2026 | $933,286,192 | 26 | June 26, 2026 |

Regulatory assets under management: $2,306,015,183 in the October 2021 data and $933,286,192 in the October 2026 data, down 60%.
Total employees: 56 in October 2021 and 26 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Toscafund Asset Management (CRD 155132): Form ADV filing data as of October 2026.