DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Pine River Capital Management L.P.

Asset manager (funds and pooled vehicles)Minnetonka, MinnesotaCRD 133720SEC 801-65336websiteIAPD
Latest filing Jun 16, 2026
First filing on the tape Mar 29, 2012 · 71 filings
SEC status approved since Jan 19, 2006
RAUM
$47B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
31
14 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
2
reported on Schedule D
History
71 filings and snapshots on the tape
RAUM$47B as of Jun 16, 2026
Mar 29, 2012$45B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Jun 16, 2026
Mar 29, 20120 then
Employees (5.A)31 as of Jun 16, 2026
Apr 1, 2013345 then
Private funds2 as of Jun 16, 2026
Mar 29, 201219 then
RAUM +95% over the last fiscal year+135% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jun 16, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$6.7BderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
+95%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$6.0B, 4 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$47B100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
7reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$6.0B for 4 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      44 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Pine River Multi-Strategy Master Fund Ltd.Hedge Fund$4.7B4Mar 31, 2023
      Silver Sands Fund III Ltd.no longer reportedHedge Fund$2.0B1Mar 29, 2012
      Pine River Relative Value Rates Master Fund Ltd.no longer reportedHedge Fund$698M2Mar 26, 2020
      Pine River Ultra Master Fund Ltd.no longer reportedHedge Fund$678M22Aug 25, 2014
      Pine River Liquid Mortgage Master Fund Ltd.no longer reportedHedge Fund$464M8Mar 29, 2012
      Pine River Crosby Fund Ltd.no longer reportedHedge Fund$421M8Mar 29, 2012
      Pine River Baxter Fund Ltd.no longer reportedHedge Fund$321M2Mar 29, 2012
      Pine River Credit Relative Value Master Fund Ltd.no longer reportedHedge Fund$308M16Mar 29, 2012
      Pine River Garrison Fund LLCno longer reportedHedge Fund$250M1Sep 25, 2017
      Ishin Mac 90 Ltd.no longer reportedHedge Fund$224M1Mar 29, 2012
      Marketplace Investing II Sf 2016, LLCno longer reportedHedge Fund$205M2Jul 29, 2016
      Pine River Financial Services Master Fund Ltd.no longer reportedHedge Fund$181M15Mar 29, 2012
      Pine River Tail Hedge Master Fund Ltd.no longer reportedHedge Fund$175M16Mar 29, 2012
      Pine River Asia Master Fund Ltd.no longer reportedHedge Fund$149M1Mar 29, 2012
      Pine River Ely Fund Ltd.no longer reportedHedge Fund$128M1Nov 27, 2012
      Pine River 1740 Tactical Fund Ltd.no longer reportedHedge Fund$122M2Aug 12, 2013
      Pine River Augusta Master Fund Ltd.no longer reportedHedge Fund$120M17Nov 3, 2016
      Marketplace Investing II, LLCno longer reportedHedge Fund$102M3Feb 22, 2016
      Pine River Volatility Arbitrage Master Fund Ltd.no longer reportedHedge Fund$58.3M1Apr 10, 2017
      Pine River Opportunistic Credit Master Fund L.P.no longer reportedHedge Fund$53.1M22Mar 29, 2012
      Pine River Structured Credit Opportunities Master Fund L.P.no longer reportedHedge Fund$53.0M8Nov 27, 2012
      Pine River Structured Credit Opportunities Master Fund II L.P.no longer reportedHedge Fund$51.5M7Nov 20, 2014
      Pine River 1740 Fund Ltd.no longer reportedHedge Fund$46.6M2Nov 16, 2015
      Pine River Municipal Master Fund Ltd.Hedge Fund$45.6M9Feb 22, 2019
      Marketplace Investing, LLCno longer reportedHedge Fund$42.7M3Nov 16, 2015
      Crossover Master L.P.no longer reportedHedge Fund$42.4M12Aug 25, 2014
      Pine River Aviation Corporation IIno longer reportedHedge Fund$36.1M5Feb 26, 2014
      Boscombe Lux Holdings S.A R.L.no longer reportedHedge Fund$33.8M2Sep 20, 2016
      Pine River Master Fund Ltd.Hedge Fund$25.7M119Mar 29, 2012
      Pine River Cosain Fund Ltd.no longer reportedHedge Fund$22.9M2Nov 27, 2012
      Pine River Special Opportunities Operating Master Fund LLCno longer reportedHedge Fund$20.8M48Aug 17, 2015
      Pine River Baxter Fund LLCno longer reportedHedge Fund$16.7M7Dec 15, 2016
      Nisswa Acquisition Master Fund Ltd.no longer reportedHedge Fund$15.0M2Mar 29, 2012
      Silver Sands Fund II LLCno longer reportedHedge Fund$10.6M2Mar 29, 2012
      Pine River Fixed Income Master Fund Ltd.no longer reportedHedge Fund$7.0M139Mar 29, 2012
      Pepin Holdings, LLCno longer reportedHedge Fund$6.8M4Nov 16, 2015
      Pine River China Master Fund Ltd.no longer reportedHedge Fund$2.4M56Nov 20, 2013
      Pine River Deerwood Fund Ltd.no longer reportedHedge Fund$1.6M1Mar 29, 2012
      Pine River Convertibles Master Fund Ltd.no longer reportedHedge Fund$700,6841Mar 29, 2012
      Ishin Master Fund (Mauritius) Limitedno longer reportedHedge Fund$56,9971Mar 29, 2012
      All funds of Pine River Capital Management L.P.
      Owners and control persons
      Schedule A and B, latest filing
      • Nikhil Mankodi · Partnercontrol
        since 06/2006 · owns less than 5%
      • Bruce Nicholas Nusbaum · Partner, Chief Financial Officer & Chief Operating Officercontrol
        since 04/2016 · owns less than 5%
      • Ann Elizabeth Olney Arms · Chief Compliance Officer And Head Of Legalcontrol
        since 07/2016 · owns less than 5%
      • Bennett Philip Prince · Partner, Head Of Treasurycontrol
        since 03/2017 · owns less than 5%
      • Antony Paul Richardson · Partner, Chief Risk Officercontrol
        since 04/2013 · owns less than 5%
      • Meyer William Roth · Partnercontrol
        since 01/2012 · owns less than 5%
      • Edwin Thomas Siering · Partnercontrol
        since 07/2006 · owns less than 5%
      • Curtis Brian Taylor · Partner, Chief Executive Officer & Chief Investment Officercontrol
        since 02/2002 · owns less than 5%
      • Curtis Brian Taylor · Limited Partnercontrol
        since 01/2015 · owns 50% to 75% of Pine River Holdings L.P.
      • Curtis Brian Taylor · Managercontrol
        since 01/2015 · owns 75% or more of Pine River Capital Management LLC
      Entity owners
      • Pine River Capital Management LLC · General Partner Of Pine River Capital Management L.P.
        direct · owns less than 5%
      • Pine River Holdings L.P. · Limited Partner Of Pine River Capital Management L.P.
        direct · owns 75% or more
      • Pine River Capital Management LLC · General Partner
        indirect · owns F of Pine River Holdings L.P.
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      • New York, NY4 employees
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM up 50 %Change between filings · filing Mar 31, 2026
        RAUM (Item 5.F) moved from $24,052,614,047 to $46,868,139,376 (+95.0%) between the annual amendments of 2025-03-28 and 2026-03-31; the peer median change was +15.0% (471 comparable advisers, 97.0th percentile of changes)
        peers: asset managers, $20B and over (471) · 97% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 9 to 7
        Jan 12, 2026 to Mar 31, 2026
      • Advisory employees · 15 to 14
        Jan 12, 2026 to Mar 31, 2026
      • Pooled vehicle clients · 9 to 7
        Jan 12, 2026 to Mar 31, 2026
      • Assets in custody · $4.1B to $6.0B
        Jan 12, 2026 to Mar 31, 2026
      • Employees · 33 to 31
        Jan 12, 2026 to Mar 31, 2026
      • Discretionary RAUM · $24B to $47B
        Jan 12, 2026 to Mar 31, 2026
      • Pooled vehicle RAUM · $24B to $47B
        Jan 12, 2026 to Mar 31, 2026
      • RAUM · $24B to $47B
        Jan 12, 2026 to Mar 31, 2026
      • Financial planning clients · 0 to 0
        Jun 17, 2025 to Oct 1, 2025
      • Accounts · 13 to 9
        Nov 21, 2024 to Mar 28, 2025
      • Advisory employees · 16 to 15
        Nov 21, 2024 to Mar 28, 2025
      • Pooled vehicle clients · 13 to 9
        Nov 21, 2024 to Mar 28, 2025
      • Assets in custody · $4.7B to $4.1B
        Nov 21, 2024 to Mar 28, 2025
      • Employees · 34 to 33
        Nov 21, 2024 to Mar 28, 2025
      • Discretionary RAUM · $9.7B to $24B
        Nov 21, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $9.7B to $24B
        Nov 21, 2024 to Mar 28, 2025
      • RAUM · $9.7B to $24B
        Nov 21, 2024 to Mar 28, 2025
      • Advisory employees · 15 to 16
        Mar 29, 2024 to Nov 21, 2024
      • Employees · 33 to 34
        Mar 29, 2024 to Nov 21, 2024
      • Private funds · 3 to 2
        Mar 29, 2024 to Nov 21, 2024
      • Accounts · 20 to 13
        Aug 17, 2023 to Mar 29, 2024
      • Advisory employees · 12 to 15
        Aug 17, 2023 to Mar 29, 2024
      • Advisory activities · 2 to 1
        Aug 17, 2023 to Mar 29, 2024
      • Pooled vehicle clients · 20 to 13
        Aug 17, 2023 to Mar 29, 2024
      • Assets in custody · $2.2B to $4.7B
        Aug 17, 2023 to Mar 29, 2024
      • Employees · 31 to 33
        Aug 17, 2023 to Mar 29, 2024
      • Private funds · 5 to 3
        Aug 17, 2023 to Mar 29, 2024
      • Discretionary RAUM · $3.6B to $9.7B
        Aug 17, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $3.6B to $9.7B
        Aug 17, 2023 to Mar 29, 2024
      • RAUM · $3.6B to $9.7B
        Aug 17, 2023 to Mar 29, 2024
      • Advisory employees · 11 to 12
        May 24, 2023 to Aug 17, 2023
      • Employees · 29 to 31
        May 24, 2023 to Aug 17, 2023
      • Related bank · true to false
        May 24, 2023 to Aug 17, 2023
      • Accounts · 17 to 20
        Mar 31, 2022 to Mar 31, 2023
      • Advisory employees · 10 to 11
        Mar 31, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 17 to 20
        Mar 31, 2022 to Mar 31, 2023
      • Assets in custody · $1.6B to $2.2B
        Mar 31, 2022 to Mar 31, 2023
      • Employees · 28 to 29
        Mar 31, 2022 to Mar 31, 2023
      • Private funds · 6 to 5
        Mar 31, 2022 to Mar 31, 2023
      • Discretionary RAUM · $1.6B to $3.6B
        Mar 31, 2022 to Mar 31, 2023
      Signals
      10 dated events
      • Pine River Capital Management L.P. reported RAUM $46.9B, up 95% from $24.1B (2026-01-12 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • Pine River Capital Management L.P. reported RAUM $24.1B, up 147% from $9.7B (2024-11-21 to 2025-03-28)
        Mar 28, 2025 · RAUM change · derived
      • Pine River Capital Management L.P. reported RAUM $9.7B, up 169% from $3.6B (2023-08-17 to 2024-03-29)
        Mar 29, 2024 · RAUM change · derived
      • Pine River Capital Management L.P. reported RAUM $3.6B, up 124% from $1.6B (2022-03-31 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • Pine River Capital Management L.P. reported RAUM $1.6B, down 38% from $2.6B (2022-01-06 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • Pine River Capital Management L.P. reported RAUM $2.6B, down 94% from $40.9B (2021-01-06 to 2021-03-31)
        Mar 31, 2021 · RAUM change · derived
      • William John Timothy O'Brien (General Counsel And Co-Chief Operating Officer) no longer on Schedule A of Pine River Capital Management L.P. (listed 2019-03-27, absent 2019-06-03)
        Jun 3, 2019 · Control person left · inference
      • Brigham James Clark (Co-Chief Investment Officer) no longer on Schedule A of Pine River Capital Management L.P. (listed 2019-03-27, absent 2019-06-03)
        Jun 3, 2019 · Control person left · inference
      • Walter Aaron Yeary (President Of Pine River Capital Management L.P.) no longer on Schedule A of Pine River Capital Management L.P. (listed 2018-07-05, absent 2019-02-22)
        Feb 22, 2019 · Control person left · inference
      • Pine River Capital Management L.P. reported RAUM $29.1B, down 65% from $82.8B (2018-01-05 to 2018-03-29)
        Mar 29, 2018 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/pine-river-capital-managementreportedpublic record, Form ADV, Sep 17, 2026
      Website
      PRCM.COMreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      612-238-3300reportedpublic record, Form ADV, Jun 16, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026