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RIA / WealthRegistered adviserformer SEC adviserleft the SEC rosterRAUM 1b 10b

KEY GROUP HOLDINGS (USA) INC

CRD 168039

DALLAS, TX

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:88f90880-edb7-4ae2-12db-dedcb3b77eb2

Data as of Mar 5, 2024 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 2:09 AM UTC and rebuilt at most every 15 minutes.

Relationships: 8
Dated events: 6
On other graphs: 0
Observed: Jun 11, 2013 to Mar 5, 2024
20 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: former SEC adviserderivedabsent from the latest SEC roster
Regulatory AUM: $4.3BItem 5.F on the latest filing (2024-03-05); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $0
Private client RAUM: $0derivedItem 5.D individuals plus high net worth individuals
Private client share: 0%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 0
Employees: 10
Advisory employees: 10
Offices: 2Schedule D 1.F, beyond the principal office
Accounts: 1
SEC number: 801-78215
CRD: 168039
Filings on the tape: 20
First filed: Jun 11, 2013
Latest filed: Mar 5, 2024
Organised: Corporation, Delaware

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
JAGWANI, SUNIL, NMN	Owner	E	yes	01/2014	Jun 11, 2013	Mar 5, 2024
JAGWANI, SUNIL, NMN	Director	Na	yes	05/2010	Jun 11, 2013	Mar 5, 2024
KGH LTD	Owner	E	yes	10/2015	Jun 11, 2013	Mar 5, 2024
KGHL RESEARCH (UK) LIMITED	Owner	E	yes	10/2015	Mar 5, 2024	Mar 5, 2024
MILLINVEST, LTD.	Owner	E	yes	01/2014	Mar 31, 2014	Mar 5, 2024
Daffy, Yvonne, Mary	CHIEF COMPLIANCE OFFICER	Na	no	12/2021	Mar 31, 2022	Mar 5, 2024

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
KGH LTD	n/a	Former SEC adviser	$4.3B	Y	yes	n/a

Offices

Schedule D 1.F offices beyond the principal office; street addresses are not published

City	State	Country	Employees	Also broker-dealer
London	n/a	United Kingdom	4	no
BAYSIDE EXECUTIVE PARK, WEST BAY STREET, NASSAU	n/a	Bahamas, The	0	no

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2023	Mar 5, 2024	$4.3B	$0	10	10	2	n/a	n/a
2022	Mar 31, 2023	$3.1B	$3.1B	11	8	2	n/a	n/a
2021	Mar 31, 2022	$2.0B	$2.0B	12	9	2	n/a	n/a
2020	Mar 31, 2021	$2.0B	$2.0B	13	9	2	n/a	n/a
2019	Mar 30, 2020	$1.9B	$1.9B	12	8	2	n/a	n/a
2018	Mar 28, 2019	$2.9B	$2.9B	13	8	2	n/a	n/a
2017	Mar 29, 2018	$2.5B	$2.5B	13	8	2	n/a	n/a
2016	Mar 29, 2017	$1.7B	$1.7B	11	10	n/a	n/a	n/a
2015	Mar 29, 2016	$3.3B	$3.3B	12	11	n/a	n/a	n/a
2014	Mar 30, 2015	$2.9B	$2.9B	11	10	n/a	n/a	n/a
2013	Mar 31, 2014	$2.0B	$2.0B	11	10	n/a	n/a	n/a

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2023	$4.3B	$3.1B	40.8%	$2.0B	29.0%	10	11	2	2

Relationships

Affiliated with (2)

→ KGH LTDRegistered adviserother investment adviser, control, common control
factForm ADV
← KGH LTDRegistered adviserother investment adviser, control, common control
factForm ADV

Controls (4)

← KGH LTDOwnerOWNER, ownership code E, foreign entity
Jun 11, 2013 to presentfactForm ADV
← JAGWANI, SUNIL, NMNOwnerOWNER, ownership code E, individual
Jun 11, 2013 to presentfactForm ADV
← KGHL RESEARCH (UK) LIMITEDOwnerOWNER, ownership code E, foreign entity
Mar 5, 2024 to presentfactForm ADV
← MILLINVEST, LTD.OwnerOWNER, ownership code E, foreign entity
Mar 31, 2014 to presentfactForm ADV

Owns (1)

← Daffy, Yvonne, MaryOwnerCHIEF COMPLIANCE OFFICER, ownership code NA, individual
Mar 31, 2022 to presentfactForm ADV

Dated events

Occurred
Feb 3, 2025
Left the SEC roster
Key Group Holdings (Usa) Inc no longer on the SEC adviser roster (last listed 2025-01-02, RAUM $4.3B)
Form ADVobserved 4 days ago
$4.3B
Occurred
Mar 31, 2023
Regulatory AUM changed
Key Group Holdings (Usa) Inc reported RAUM $3.1B, up 57% from $2.0B (2022-05-31 to 2023-03-31)
Form ADVobserved 5 days ago
$1.1B
Occurred
Mar 30, 2020
Regulatory AUM changed
Key Group Holdings (Usa) Inc reported RAUM $1.9B, down 37% from $2.9B (2019-03-28 to 2020-03-30)
Form ADVobserved 5 days ago
$-1.1B
Occurred
Mar 29, 2018
Regulatory AUM changed
Key Group Holdings (Usa) Inc reported RAUM $2.5B, up 46% from $1.7B (2017-03-29 to 2018-03-29)
Form ADVobserved 5 days ago
$787M
Occurred
Nov 5, 2015
Succession filed (Item 4)
Key Group Holdings (Usa) Llc reported succeeding to the business of Another Adviser (Form ADV Item 4)
Form ADVobserved 5 days ago
Occurred
Jun 11, 2013
First Form ADV filing
Key Group Holdings (Usa) Llc filed its initial SEC registration (Form ADV)
Form ADVobserved 5 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:88f90880-edb7-4ae2-12db-dedcb3b77eb2
First observed: Jun 11, 2013
Last observed: Mar 5, 2024 30 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

KEY GROUP HOLDINGS (USA) INC

CRD 168039

DALLAS, TX

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:88f90880-edb7-4ae2-12db-dedcb3b77eb2

Data as of Mar 5, 2024 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 2:09 AM UTC and rebuilt at most every 15 minutes.

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

JAGWANI, SUNIL, NMN

Owner

yes

01/2014

Jun 11, 2013

Mar 5, 2024

JAGWANI, SUNIL, NMN

Director

yes

05/2010

Jun 11, 2013

Mar 5, 2024

KGH LTD

Owner

yes

10/2015

Jun 11, 2013

Mar 5, 2024

KGHL RESEARCH (UK) LIMITED

Owner

yes

10/2015

Mar 5, 2024

MILLINVEST, LTD.

Owner

yes

01/2014

Mar 31, 2014

Mar 5, 2024

Daffy, Yvonne, Mary

CHIEF COMPLIANCE OFFICER

12/2021

Mar 31, 2022

Mar 5, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

KGH LTD

n/a

Former SEC adviser

$4.3B

yes

n/a

City

State

Country

Employees

Also broker-dealer

London

n/a

United Kingdom

BAYSIDE EXECUTIVE PARK, WEST BAY STREET, NASSAU

n/a

Bahamas, The

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2023

Mar 5, 2024

$4.3B

n/a

2022

Mar 31, 2023

$3.1B

n/a

2021

Mar 31, 2022

$2.0B

n/a

2020

Mar 31, 2021

$2.0B

n/a

2019

Mar 30, 2020

$1.9B

n/a

2018

Mar 28, 2019

$2.9B

n/a

2017

Mar 29, 2018

$2.5B

n/a

2016

Mar 29, 2017

$1.7B

n/a

2015

Mar 29, 2016

$3.3B

n/a

2014

Mar 30, 2015

$2.9B

n/a

2013

Mar 31, 2014

$2.0B

n/a

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2023

$4.3B

$3.1B

40.8%

$2.0B

29.0%