# Voyager Management, LLC

> Voyager Management, LLC is an SEC-registered investment advisory firm in Los Angeles, CA, registered since 2006, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 23, 2026.

- CRD: 135434
- Filed as: VOYAGER MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Los Angeles, CA
- Filing period: October 2026
- Form ADV filing dated: February 23, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/135434
- AdvisorCensus page: https://advisorcensus.com/firm/voyager-management-llc-los-angeles-ca-135434

## Quick answers

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

**How much does Voyager Management, LLC charge?**
Its Form ADV Part 2A brochure dated February 23, 2026 states: Asset-based fee: 0.5% to 1% 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 Voyager Management, LLC located?**
Voyager Management, LLC's principal office is in Los Angeles, CA, according to its Form ADV.

**Is Voyager Management, LLC registered with the SEC or a state?**
Voyager Management, LLC is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 135434.

**How much does Voyager Management, LLC manage?**
Voyager Management, LLC reports $208,552,957 in regulatory assets under management in its Form ADV filing dated February 23, 2026 (47% discretionary).

**How have Voyager Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Voyager Management, LLC: Regulatory assets under management: $349,268,775 in the October 2021 data and $208,552,957 in the October 2026 data, down 40%. Total employees: 6 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Voyager Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (5); charitable organizations (1); other investment advisers (1).

**Does Voyager Management, 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/135434

**What changed in Voyager Management, LLC's recent Form ADV filings?**
In the March 2026 filing data: Regulatory assets under management went from $174,387,615 to $208,552,957 (+20%).

## 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 February 23, 2026)

- Asset-based fee: 0.5% to 1% a year (a range, as the brochure states it)

> The Adviser receives quarterly management fees from each Fund and certain Accounts at rates ranging from 0.50% to 1.00% per annum of the assets under management of the relevant Fund or Account.

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

### Regulatory assets under management (Item 5.F)
- Total: $208,552,957
- Discretionary: $99,029,441
- Non-discretionary: $109,523,516

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 5 | $99,029,441 |
| Charitable organizations | 1 | $25,812,665 |
| Other investment advisers | 1 | $83,710,851 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2006 (20 years)
- Employees: 3 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, GA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- voyagermgt.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $349,268,775 | 6 | March 8, 2021 |
| October 2022 | $379,448,947 | 6 | March 4, 2022 |
| October 2023 | $265,070,133 | 6 | February 17, 2023 |
| October 2024 | $159,035,586 | 3 | March 5, 2024 |
| October 2025 | $174,387,615 | 3 | February 19, 2025 |
| October 2026 | $208,552,957 | 3 | February 23, 2026 |

Regulatory assets under management: $349,268,775 in the October 2021 data and $208,552,957 in the October 2026 data, down 40%.
Total employees: 6 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Regulatory assets under management went from $174,387,615 to $208,552,957 (+20%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Voyager Management, LLC (CRD 135434): Form ADV filing data as of October 2026.