Towerbrook Capital Partners

• A percentage of assets under your management
• Performance-based fees

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

See the firm's brochure (dated March 31, 2026) for its fees and any account minimum, on the SEC's IAPD site.

$27,667,691,589 as of October 2026, filing dated June 9, 2026.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

• Portfolio management for pooled investment vehicles (other than investment companies)

Legal name

Towerbrook Capital Partners L.P.

Also doing business as

ATHO CAPITAL MANAGEMENT, L.P. (RELYING ADVISER), TOWERBROOK CAPITAL PARTNERS (FRANCE) LTD. (RELYING ADVISER), TOWERBROOK CAPITAL PARTNERS (SPAIN) S.L. (RELYING ADVISER), TOWERBROOK CAPITAL PARTNERS (U.K.) LLP (RELYING ADVISER), TOWERBROOK CAPITAL PARTNERS PROJECT LEDGER SPECIAL, L.P. (RELYING ADVISER), TOWERBROOK CAPITAL PARTNERS SPECIAL IV, L.P. (RELYING ADVISER), TOWERBROOK CAPITAL PARTNERS SPECIAL R1 CF, L.P. (RELYING ADVISER), TOWERBROOK CAPITAL PARTNERS SPECIAL TMX, L.P. (RELYING ADVISER), TOWERBROOK CAPITAL PARTNERS SPECIAL V, L.P. (RELYING ADVISER), TOWERBROOK CAPITAL PARTNERS SPECIAL VI, L.P. (RELYING ADVISER), TOWERBROOK CAPITAL PARTNERS SPECIAL VII, L.P. (RELYING ADVISER), TOWERBROOK DELTA SPECIAL II, L.P. (RELYING ADVISER), TOWERBROOK DELTA SPECIAL, L.P. (RELYING ADVISER), TOWERBROOK TSO SPECIAL II, L.P. (RELYING ADVISER), TOWERBROOK TSO SPECIAL III, L.P. (RELYING ADVISER), TOWERBROOK TSO SPECIAL, L.P. (RELYING ADVISER)

Registration

SEC-registered investment adviser. Status as filed: Approved.

Registered since

2012 (14 years)

Employees

Total: 132. Performing investment advisory functions: 95.

Wrap fee program participation

No.

Other offices (Schedule D, Section 1.F)

5 other offices, as of the July 2026 filing

Greenwich, CTLondonMadridMilanParis

States registered or notice-filed

Not reported.

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

None Reports no disclosure items on Form ADV Item 11. View on IAPD.

Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures

Regulatory assets under management: $15,276,681,058 in the October 2021 data and $27,667,691,589 in the October 2026 data, up 81%.

Total employees: 91 in October 2021 and 132 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

1. July 2026
   • Added the business name Towerbrook Delta Special II, L.P. (relying Adviser).
2. April 2026
   • No longer lists the business name Towerbrook Capital Partners (europe) Ltd. (relying Adviser).
   • Added the business name Towerbrook Capital Partners Project Ledger Special, L.P. (relying Adviser).
   • Added the business name Towerbrook Capital Partners (france) Ltd. (relying Adviser).
   • Employees performing advisory functions went from 92 to 95.
   • Regulatory assets under management went from $22,452,218,216 to $27,667,691,589 (+23%).
   • Changed its office addresses in Milan.
   • Updated its list of owners and control persons (Schedule A).

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.