# Tricon

> Tricon is an SEC-registered investment advisory firm in Toronto, Canada, registered since 2012, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 160558
- Filed as: TRICON
- Legal name: Tricon Capital GP Inc
- Also doing business as: TRICON USA LLC (RELYING ADVISER)
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Toronto, Canada
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/160558
- AdvisorCensus page: https://advisorcensus.com/firm/tricon-toronto-160558

## Quick answers

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

**How much does Tricon charge?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 1% 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 Tricon located?**
Tricon's principal office is in Toronto, Canada, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Tricon registered with the SEC or a state?**
Tricon is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 160558.

**How much does Tricon manage?**
Tricon reports $152,130,000 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Tricon's assets and staff changed since 2021?**
In the Form ADV data for Tricon: Regulatory assets under management: $306,478,000 in the October 2021 data and $152,130,000 in the October 2026 data, down 50%. Total employees: 68 in October 2021 and 141 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Tricon serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (9).

**Does Tricon 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/160558

**What changed in Tricon's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 37 to 42. 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
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Asset-based fee: 1% to 2% a year (a range, as the brochure states it)

> During our funds’ investment periods (typically three to four years), limited partners pay, via capital calls, Management Fees ranging typically from 1% to 2% of committed capital per annum depending on the size of their respective investment.

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

### Regulatory assets under management (Item 5.F)
- Total: $152,130,000
- Discretionary: $152,130,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 9 | $152,130,000 |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 141 total, 42 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- San Francisco, CA

### Websites listed on Form ADV (Item 1.I)
- triconresidential.com
- Facebook @TRICONRESIDENTIAL
- Instagram @TRICONCARES
- Instagram @TRICONRESIDENTIAL.TOLIVING
- LinkedIn @TRICON-LIVING

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $306,478,000 | 68 | March 29, 2021 |
| October 2022 | $256,771,000 | 81 | March 30, 2022 |
| October 2023 | $229,748,000 | 101 | March 30, 2023 |
| October 2024 | $207,468,000 | 108 | May 22, 2024 |
| October 2025 | $150,764,000 | 121 | July 2, 2025 |
| October 2026 | $152,130,000 | 141 | March 31, 2026 |

Regulatory assets under management: $306,478,000 in the October 2021 data and $152,130,000 in the October 2026 data, down 50%.
Total employees: 68 in October 2021 and 141 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 37 to 42.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Tricon (CRD 160558): Form ADV filing data as of October 2026.