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

Linden Advisors LP

Asset manager (funds and pooled vehicles)New York, New YorkCRD 135431SEC 801-65641websiteIAPD
Latest filing Mar 17, 2026
First filing on the tape Mar 29, 2012 · 21 filings
SEC status approved since Jan 26, 2006
RAUM
$39B
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
48
25 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$39B as of Mar 17, 2026
Mar 29, 2012$3.9B then
HNW client RAUM$0 as of Mar 17, 2026
Mar 28, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 17, 2026
Mar 29, 20120 then
Employees (5.A)48 as of Mar 17, 2026
Apr 1, 201331 then
Private funds2 as of Mar 17, 2026
Mar 29, 20121 then
RAUM +42% over the last fiscal year+37% a year over threeIARs 0 to 0offices 1 to 0
Practice profile
derived from the filing of Mar 17, 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
$7.8BderivedRAUM 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
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
+42%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-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$37B, 3 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$39B100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
5reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$37B for 3 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
      3 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Linden Capital L.P.Hedge Fund$18B785Mar 29, 2012
      Pch Manager Fund, Spc. - Segregated Portfolio 214Hedge Fund$679M10Oct 28, 2019
      Linden Focused Metric Fund Ltd.no longer reportedHedge Fund$00Feb 26, 2016
      Owners and control persons
      Schedule A and B, latest filing
      • Saul Ahn · Chief Compliance Officercontrol
        since 06/2016 · owns less than 5%
      • Thomas James Delaney · Chief Operating Officercontrol
        since 09/2008 · owns less than 5%
      • Paul Vincent Leva · Chief Financial Officercontrol
        since 06/2016 · owns less than 5%
      • (Joe) Siu Min Wong · Chief Executive Officer, Limited Partnercontrol
        since 05/2003 · owns 75% or more
      • (Joe) Siu Min Wong · Managing Membercontrol
        since 06/2004 · owns 75% or more of Linden Hld LLC
      Entity owners
      • Linden Hld LLC · General Partner
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      • Linden Advisors (Hk) Limited
        investment advisern
      • Linden Gp LLC
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • Woodcliff Lake, NJ
      What changed
      consecutive filings, newest first
      • Advisory employees · 24 to 25
        Mar 21, 2025 to Mar 17, 2026
      • Assets in custody · $26B to $37B
        Mar 21, 2025 to Mar 17, 2026
      • Employees · 46 to 48
        Mar 21, 2025 to Mar 17, 2026
      • Other offices · 1 to 0
        Mar 21, 2025 to Mar 17, 2026
      • Discretionary RAUM · $27B to $39B
        Mar 21, 2025 to Mar 17, 2026
      • Pooled vehicle RAUM · $27B to $39B
        Mar 21, 2025 to Mar 17, 2026
      • RAUM · $27B to $39B
        Mar 21, 2025 to Mar 17, 2026
      • Assets in custody · $18B to $26B
        Sep 3, 2024 to Mar 21, 2025
      • Financial planning clients · unset to
        Sep 3, 2024 to Mar 21, 2025
      • Discretionary RAUM · $19B to $27B
        Sep 3, 2024 to Mar 21, 2025
      • Pooled vehicle RAUM · $19B to $27B
        Sep 3, 2024 to Mar 21, 2025
      • RAUM · $19B to $27B
        Sep 3, 2024 to Mar 21, 2025
      • Advisory employees · 22 to 24
        Mar 20, 2023 to Mar 14, 2024
      • Assets in custody · $14B to $18B
        Mar 20, 2023 to Mar 14, 2024
      • Employees · 43 to 46
        Mar 20, 2023 to Mar 14, 2024
      • Discretionary RAUM · $15B to $19B
        Mar 20, 2023 to Mar 14, 2024
      • Pooled vehicle RAUM · $15B to $19B
        Mar 20, 2023 to Mar 14, 2024
      • RAUM · $15B to $19B
        Mar 20, 2023 to Mar 14, 2024
      • Pooled vehicle clients · 6 to 5
        Oct 14, 2022 to Mar 20, 2023
      • Assets in custody · $24B to $14B
        Oct 14, 2022 to Mar 20, 2023
      • Employees · 42 to 43
        Oct 14, 2022 to Mar 20, 2023
      • Discretionary RAUM · $26B to $15B
        Oct 14, 2022 to Mar 20, 2023
      • Pooled vehicle RAUM · $26B to $15B
        Oct 14, 2022 to Mar 20, 2023
      • RAUM · $26B to $15B
        Oct 14, 2022 to Mar 20, 2023
      • Accounts · 6 to 5
        Mar 25, 2021 to Mar 23, 2022
      • Advisory employees · 20 to 22
        Mar 25, 2021 to Mar 23, 2022
      • Assets in custody · $25B to $24B
        Mar 25, 2021 to Mar 23, 2022
      • Discretionary RAUM · $26B to $26B
        Mar 25, 2021 to Mar 23, 2022
      • Pooled vehicle RAUM · $26B to $26B
        Mar 25, 2021 to Mar 23, 2022
      • RAUM · $26B to $26B
        Mar 25, 2021 to Mar 23, 2022
      • Assets in custody · $14B to $25B
        May 1, 2020 to Mar 25, 2021
      • Employees · 37 to 42
        May 1, 2020 to Mar 25, 2021
      • Discretionary RAUM · $14B to $26B
        May 1, 2020 to Mar 25, 2021
      • Pooled vehicle RAUM · $14B to $26B
        May 1, 2020 to Mar 25, 2021
      • RAUM · $14B to $26B
        May 1, 2020 to Mar 25, 2021
      • Accounts · 4 to 6
        Oct 28, 2019 to Mar 17, 2020
      • Advisory employees · 19 to 20
        Oct 28, 2019 to Mar 17, 2020
      • Pooled vehicle clients · 4 to 6
        Oct 28, 2019 to Mar 17, 2020
      • Assets in custody · $8.5B to $14B
        Oct 28, 2019 to Mar 17, 2020
      • Employees · 32 to 37
        Oct 28, 2019 to Mar 17, 2020
      Signals
      6 dated events
      • Linden Advisors Lp reported RAUM $38.8B, up 42% from $27.3B (2025-03-21 to 2026-03-17)
        Mar 17, 2026 · RAUM change · derived
      • Linden Advisors Lp reported RAUM $27.3B, up 45% from $18.8B (2024-09-03 to 2025-03-21)
        Mar 21, 2025 · RAUM change · derived
      • Linden Advisors Lp reported RAUM $15.1B, down 42% from $26.0B (2022-10-14 to 2023-03-20)
        Mar 20, 2023 · RAUM change · derived
      • Linden Advisors Lp reported RAUM $26.2B, up 82% from $14.4B (2020-05-01 to 2021-03-25)
        Mar 25, 2021 · RAUM change · derived
      • Linden Advisors Lp reported RAUM $14.4B, up 60% from $9.0B (2019-10-28 to 2020-03-17)
        Mar 17, 2020 · RAUM change · derived
      • Linden Advisors Lp reported RAUM $8.0B, up 69% from $4.7B (2017-12-18 to 2018-03-28)
        Mar 28, 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
      Website
      LINDENLP.COMreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      646-840-3500reportedpublic record, Form ADV, Mar 17, 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