# Tri Locum Partners LP

> Tri Locum Partners LP is an SEC-registered investment advisory firm in New York, NY, registered since 2020, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated April 6, 2026.

- CRD: 309678
- Filed as: TRI LOCUM PARTNERS LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: April 6, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/309678
- AdvisorCensus page: https://advisorcensus.com/firm/tri-locum-partners-lp-new-york-ny-309678

## Quick answers

**How is Tri Locum Partners LP compensated?**
On its Form ADV (Item 5.E, October 2026), Tri Locum Partners LP 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.

**Where is Tri Locum Partners LP located?**
Tri Locum Partners LP's principal office is in New York, NY, according to its Form ADV.

**Is Tri Locum Partners LP registered with the SEC or a state?**
Tri Locum Partners LP is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 309678.

**How much does Tri Locum Partners LP manage?**
Tri Locum Partners LP reports $1,088,935,224 in regulatory assets under management in its Form ADV filing dated April 6, 2026 (100% discretionary).

**How have Tri Locum Partners LP's assets and staff changed since 2021?**
In the Form ADV data for Tri Locum Partners LP: Regulatory assets under management: $490,844,811 in the October 2021 data and $1,088,935,224 in the October 2026 data, up 122%. Total employees: 6 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Tri Locum Partners LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7); sovereign wealth funds and foreign official institutions (1).

**Which custodians does Tri Locum Partners LP use?**
Tri Locum Partners LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Morgan Stanley as a custodian holding 10% or more of its separately managed account assets.

**Does Tri Locum Partners LP 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/309678

**What changed in Tri Locum Partners LP's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $752,905,386 to $1,088,935,224 (+45%).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Morgan Stanley

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.

### Regulatory assets under management (Item 5.F)
- Total: $1,088,935,224
- Discretionary: $1,088,935,224
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 7 | $699,944,854 |
| Sovereign wealth funds and foreign official institutions | 1 | $388,990,370 |

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

### Firm details
- Registered since: 2020 (6 years)
- Employees: 8 total, 6 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $490,844,811 | 6 | March 31, 2021 |
| October 2022 | $368,594,699 | 8 | March 31, 2022 |
| October 2023 | $416,573,921 | 7 | March 31, 2023 |
| October 2024 | $357,536,952 | 7 | March 28, 2024 |
| October 2025 | $752,905,386 | 8 | April 4, 2025 |
| October 2026 | $1,088,935,224 | 8 | April 6, 2026 |

Regulatory assets under management: $490,844,811 in the October 2021 data and $1,088,935,224 in the October 2026 data, up 122%.
Total employees: 6 in October 2021 and 8 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $752,905,386 to $1,088,935,224 (+45%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Tri Locum Partners LP (CRD 309678): Form ADV filing data as of October 2026.