Partners Capital Investment Group, LLP
Partners Capital is an Outsourced Chief Investment Officer (OCIO) firm servicing endowments, foundations, family offices and private clients.
- Regulatory AUM
- $51B
- PE fund assets
- $13B
- PE funds
- 30
- Portfolio companies
- 11
93 additional team members, 57 additional funds, deals and LP commitments
Every relationship, signal and contact on this record, with the source on each.
7 days of DFX Intelligence free, then $199/month unless canceled. A card is taken when the trial starts.
What matters now
- +2funds on Form ADV
Private equity funds on its Form ADV went from 28 to 30 (+2).
New vehicles are a new flagship's feeders, parallels and co-invest sleeves being stood up: capacity arriving before the capital is announced.
People to know
View all 88 people- Partner, Chief Investment OfficerWhy: Chief investment officer: owns the allocation decisionProfile
- General Partner, Chief Executive Officer And DirectorWhy: General partner: carries the investment decisionProfile
Capital path
who backs this record, through what, into what; each name opens its own pathRelationship network
151 connected entities
From announced deals and their parties, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the private equity graph. Dollar figures appear only where a source disclosed one.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the deals and sources behind it. Line weight is deals together; dashed lines are inferred.
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Strength is read from the deals: three or more is a strong observed relationship, two a repeat counterparty, one a single interaction. People and vehicles are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
Who can introduce you
From your own network, read by Network Intelligence. Only you see this; nothing here is shared with anyone else.
Sign in and add your LinkedIn connections to Network Intelligence to see who in your network can introduce you to Partners Capital Investment Group, LLP. How it works
Classification, Form ADV and stated criteria
Classification, Form ADV and stated criteria
How this organization is classified, and on what basisFund of funds · 4 in historyShowHide
- Class
- Fund of fundsprobable, confidence 75%
- Basis
- 44 of 52 admitted vehicles carry the sworn fund-of-funds flag
- Size band
- Upper middle marketdefined by: proxy: $12.76bn Private Equity Fund GAV on the Form ADV filed 2026-08-13
- Strategies
- Secondaries
Classification history (4)
- Oct 30, 2026Fund of funds (probable, 75%)44 of 52 admitted vehicles carry the sworn fund-of-funds flag
- Sep 23, 2026Fund of funds (probable, 75%)44 of 50 admitted vehicles carry the sworn fund-of-funds flag
- Sep 23, 2026Fund of funds (probable, 75%)44 of 49 admitted vehicles carry the sworn fund-of-funds flag
- Sep 13, 2026Fund of funds (probable, 75%)44 of 44 admitted vehicles carry the sworn fund-of-funds flag
Regulatory footprint (Form ADV)RAUM $51B · 30 PE funds · filed Aug 13, 2026ShowHide
- Adviser type
- Registered investment adviser
- Form ADV filings
- Mar 27, 2012 to Aug 13, 2026
- RAUM
- $51Bregulatory assets under management of the adviser; not dry powder, not a fund size
- PE funds, latest filing
- 30
- PE fund GAV, latest filing
- $13Breported gross assets (Form ADV), not fund size
- All private fund GAV
- $24Bevery private fund type, latest filing
- 2024 PE fund GAV
- $13Bsum over funds typed Private Equity Fund with a 2024 or later as-of date
- PE share of funds, lifetime
- 55%
- Fund type mix
- Private equity fund: 30 funds, $13B reported gross assets, 47 ever reported
- Hedge fund: 20 funds, $11B reported gross assets, 32 ever reported
- Real estate fund: 6 ever reported
- Employees
- 154
- Headquarters
- Boston, MA
Stated criteria beside observed behaviour2 of 8 criteria stated · 11 observed dealsShowHide
- Sectors
- Consumer
- Geography
- North America, Europe, Asia, Global
- Revenue
- not stated or not yet read
- EBITDA
- not stated or not yet read
- Enterprise value
- not stated or not yet read
- Equity check
- not stated or not yet read
- Control
- not stated or not yet read
- Thesis
- not stated or not yet read
- On record
- 11 companies, 11 holdings
- Deal roles
- 11 with role not stated
- Control
- 11 not stated
11 companies on the graph (0 transactions); no dated observations
Funds
How vehicles are groupedFeeders, parallels, executive funds, alternative investment vehicles and lettered sleeves are folded under the fund they belong to, read from the vehicle names. Deal-by-deal co-investment vehicles are pooled. Current funds come first: families are ordered by vintage, newest first, among those holding at least a twentieth of the largest family’s assets, then by size. The figure is the sum of each vehicle’s latest reported gross assets on Form ADV, not a fund size.Co-investment vehicles · 3 vehicles · vintage 2024$1.7B
- Partners Capital Merlin Co-Investment Fund IV Fund of funds · 2024$894M
- Partners Capital Merlin Co-Investment Fund II Master Fund of funds · 2021$380M
- Partners Capital Merlin Co-Investment Fund II Fund of funds · 2021$380M
People
Where the people come fromEach row names its source in short; hover the source for its full description. Sources on this list: SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites); Investment organization websites (team, portfolio, strategy, criteria, news). A person named by two sources under two spellings is shown once, with both sources.- Alex Band · Partner, Chief Investment OfficerWhy this person: Chief investment officer: owns the allocation decision; Named with investment responsibility; Confirmed current on the firm's own site 2026-09-30LinkedIn or profile link on file (firm website), confirmed 2026-09-13, confidence 90%
- Arjun Raju Raghavan · General Partner, Chief Executive Officer And DirectorWhy this person: General partner: carries the investment decision; Named with investment responsibility; Confirmed current on the firm's own site 2026-09-30LinkedIn or profile link on file (firm website), confirmed 2026-09-13, confidence 90%
Who else at this firm · 1 person, grouped by function
- David Puth · Vice Chairman North AmericaWhy this person: Board member; Named with investment responsibilityLinkedIn or profile link on file (firm website), confirmed 2026-09-13, confidence 90%
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. 3 with a route on file. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Deals
How deals are mergedOne row per deal. A portfolio relationship and a transaction that describe the same deal (the same transaction, or the same company on the same date) are printed once, with the columns of both. 11 portfolio relationships and 0 transactions are on this record.| Date | Company | Deal | This firm’s role | Status | Partner | Source |
|---|---|---|---|---|---|---|
| date unknown | About Partners Capital | Portfolio relationship | Role unknown | unknown not confirmed current, on the firm's page since Sep 13, 2026, last confirmed Nov 2, 2026 | unknown | Fact Firm website |
| date unknown | Firm | Portfolio relationship | Role unknown | unknown not confirmed current, on the firm's page since Sep 13, 2026, last confirmed Nov 2, 2026 | unknown | Fact Firm website |
| date unknown | Related Insights | Portfolio relationship | Role unknown | unknown not confirmed current, on the firm's page since Sep 13, 2026, last confirmed Nov 2, 2026 | unknown | Fact Firm website |
Placement agents, lenders, advisers and co-investors
LP commitments
How LPs are totalledOne line per LP, largest disclosed total first. A commitment that the same LP reports again in a later document is counted once in its total; both documents stay in the full list. Rows repeated line for line from one document are shown once.Events
Partners Capital Investment Group, LLP is the same institution as 5 records in Allocators, Independent Sponsors, Real Estate: Funds, RIA and Wealth and Venture Capital.
DFX found 5 relationships across 5 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
7 days of DFX Intelligence free, then $199/month unless canceled. A card is taken when the trial starts.
Checking your plan…
Connected records
Portfolio companies
- About Partners Capital
- Firm
- Related Insights
8 more on this record
Funds
- Partners Capital Merlin Co-Investment Fund IV, L.P. (vintage 2024)
- Partners Capital Merlin Co-Investment Fund II Master, L.P. (vintage 2021)
- Partners Capital Merlin Co-Investment Fund II, L.P. (vintage 2021)
49 more on this record
Partners Capital Investment Group, LLP sits on 44 traced paths of capital across the graphs.
DFX traced 44 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
7 days of DFX Intelligence free, then $199/month unless canceled. A card is taken when the trial starts.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Record history
- PE fund count changed2026-08-13source on record
- Adviser first ADV filing2012-03-27source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
Not yet on record: deals, last 12 months.