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
Healthcare Royalty Management, LLC
Latest filing Aug 17, 2026
First filing on the tape Mar 17, 2014 · 21 filings
SEC status approved since Apr 2, 2014
RAUM
$3.8B
reported, Item 5.F
Discretionary
87%
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
23
19 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
11
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$3.8B as of Aug 17, 2026
Mar 30, 2015$2.8B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Aug 17, 2026
Mar 30, 20150 then
Employees (5.A)23 as of Aug 17, 2026
Mar 30, 201518 then
Private funds11 as of Aug 17, 2026
Mar 30, 20154 then
RAUM +13% over the last fiscal year+3.1% a year over threeIARs 0 to 0offices 3 to 4
Practice profile
derived from the filing of Aug 17, 2026; every figure names its basis
Archetypes, each a printed rule
- Bank affiliated · Item 7.A.6 or 7.A.7 (bank or trust company affiliate) and a bank, bancorp or trust company as a 50 percent or greater owner on Schedule A
- 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
- $291MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 87%derivedof RAUM
- Institutional
- 6.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived5 offices incl. principal (1.F.5)
- RAUM growth, one year
- +13%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, fixed fees, performance-based, otherreportedItem 5.E
- Advisory activities
- portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $3.6B, 11 clientsreportedItem 9.A
- Ownership
- a bank, bancorp or trust company is a 50 percent or greater ownerderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- 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$3.5B93%
- Insurance companies$251M6.7%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 13reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $3.6B for 11 clientsreported
- Compensation
- % of AUM, fixed, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.93 institutional_share=0.07 related_bd=true related_bank=true 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
15 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Hcrx Holdings L.P. | Private Equity Fund | $1.3B | 1 | Mar 31, 2023 |
| Hcrx Intermediate Holdco, L.P. | Private Equity Fund | $1.3B | 1 | Mar 31, 2023 |
| Hcrx Investments Holdco, L.P. | Private Equity Fund | $1.3B | 1 | Mar 31, 2023 |
| Healthcare Royalty Partners IV, L.P. | Private Equity Fund | $1.1B | 19 | Mar 26, 2019 |
| Healthcare Royalty Partners III, L.P. | Private Equity Fund | $574M | 60 | Mar 17, 2014 |
| Hcr Stafford Fund, L.P.no longer reported | Private Equity Fund | $409M | 1 | Mar 24, 2017 |
| Hcrp Overflow Fund, L.P. | Private Equity Fund | $282M | 1 | Mar 17, 2014 |
| Hcr Potomac Fund, L.P.no longer reported | Private Equity Fund | $256M | 1 | Mar 27, 2020 |
| Hcr Molag Fund, L.P. | Private Equity Fund | $172M | 1 | Mar 27, 2018 |
| Hcr Stafford Fund II, L.P. | Private Equity Fund | $150M | 1 | Mar 27, 2024 |
| Hcr Potomac Fund II, L.P. | Private Equity Fund | $100M | 1 | Mar 27, 2024 |
| Healthcare Royalty Partners II, L.P. | Private Equity Fund | $96.4M | 76 | Mar 17, 2014 |
| Hcr Canary Fund, L.P. | Private Equity Fund | $45.8M | 1 | Mar 30, 2021 |
| Healthcare Royalty Partners, L.P. | Private Equity Fund | $24.5M | 32 | Mar 17, 2014 |
| Hcr H.O.P. Fund, L.P. | Private Equity Fund | $9.5M | 1 | Mar 24, 2017 |
Owners and control persons
Schedule A and B, latest filing
- Brannen Clarke Futch · Membercontrolsince 11/2007 · owns 75% or more of Vanderbilt Capital Partners, LLC
- Richard Morgan Timothy Bryant · General Counselsince 05/2022 · owns less than 5%
- Kreuz Thomas Conner · Chief Accounting Officersince 04/1992 · owns less than 5%
- Brannen Clarke Futch · Chairman And Ceosince 05/2017 · owns less than 5%
- Harris Spencer Schneider · Chief Compliance Officer And Chief Patent Counselsince 02/2012 · owns less than 5%
- Andrew Christopher White · President And Chief Financial Officersince 12/2014 · owns less than 5%
Entity owners
- Cowen Investment Management LLC · Memberdirect · owns 25% to 50%
- Vanderbilt Capital Partners, LLC · Managerdirect · owns 75% or more
- Td Cowen · Memberindirect · owns 75% or more of Cowen Investment Management LLC
- Td Group US Holdings LLC · Memberindirect · owns 75% or more of Toronto Dominion Holdings (U.S.A.), Inc.
- The Toronto-Dominion Bank · Memberindirect · owns 75% or more of Td Group US Holdings LLC · public reporting company
- Toronto Dominion Holdings (U.S.A.), Inc. · Memberindirect · owns 75% or more of Td Cowen
Related persons
Schedule D 7.A
- Atm Execution LLCbroker-dealern
- Cowen And Company, LLCbroker-dealern
- Cowen Financial Products LLCCPO or CTAn
- Ramius Advisors, LLCinvestment adviserpooled vehicle sponsornRAUM $489M
- Hcr Canary Fund Gp, LLCinvestment adviserpooled vehicle sponsorn
- Hcr H.O.P. Fund Gp, LLCinvestment adviserpooled vehicle sponsorn
- Hcr Molag Fund Gp, LLCinvestment adviserpooled vehicle sponsorn
- Hcr Potomac Fund II Gp, LLCinvestment adviserpooled vehicle sponsorn
- Hcr Stafford Fund II Gp, LLCinvestment adviserpooled vehicle sponsorn
- Hcrx Master Gp, LLCinvestment adviserpooled vehicle sponsorn
- Healthcare Royalty Gp III, LLCinvestment adviserpooled vehicle sponsorn
- Healthcare Royalty Gp IV, LLCinvestment adviserpooled vehicle sponsorn
- Healthcare Royalty Gp, LLCinvestment adviserpooled vehicle sponsorn
- Westminster Research Associates LLCbroker-dealern
Advisers that list Healthcare Royalty Management, LLC as a related person
Offices
Schedule D 1.F, the 25 largest
- Boston, MA1 employees
What changed
consecutive filings, newest first
- HQ city · STAMFORD to NEW YORKApr 20, 2026 to Aug 17, 2026
- HQ state · CT to NYApr 20, 2026 to Aug 17, 2026
- Accounts · 10 to 13Sep 22, 2025 to Mar 31, 2026
- Pooled vehicle clients · 10 to 11Sep 22, 2025 to Mar 31, 2026
- Assets in custody · $3.2B to $3.6BSep 22, 2025 to Mar 31, 2026
- Other offices · 3 to 4Sep 22, 2025 to Mar 31, 2026
- Private funds · 10 to 11Sep 22, 2025 to Mar 31, 2026
- Discretionary RAUM · $3.3B to $3.3BSep 22, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $0 to $484MSep 22, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $3.3B to $3.5BSep 22, 2025 to Mar 31, 2026
- RAUM · $3.3B to $3.8BSep 22, 2025 to Mar 31, 2026
- Financial planning clients · 0 to 0Aug 29, 2025 to Sep 22, 2025
- Related bank · false to trueMar 27, 2025 to Aug 29, 2025
- Related broker-dealer · false to trueMar 27, 2025 to Aug 29, 2025
- Accounts · 11 to 10Mar 27, 2024 to Mar 27, 2025
- Pooled vehicle clients · 11 to 10Mar 27, 2024 to Mar 27, 2025
- Assets in custody · $3.1B to $3.2BMar 27, 2024 to Mar 27, 2025
- Other offices · 1 to 3Mar 27, 2024 to Mar 27, 2025
- Private funds · 11 to 10Mar 27, 2024 to Mar 27, 2025
- Discretionary RAUM · $3.5B to $3.3BMar 27, 2024 to Mar 27, 2025
- Pooled vehicle RAUM · $3.5B to $3.3BMar 27, 2024 to Mar 27, 2025
- RAUM · $3.5B to $3.3BMar 27, 2024 to Mar 27, 2025
- Related broker-dealer · true to falseMar 27, 2024 to Mar 27, 2025
- Employees · 22 to 23Mar 31, 2023 to Mar 27, 2024
- Advisory employees · 18 to 19Mar 31, 2023 to Mar 27, 2024
- Assets in custody · $2.3B to $3.1BMar 31, 2023 to Mar 27, 2024
- Other offices · 3 to 1Mar 31, 2023 to Mar 27, 2024
- Discretionary RAUM · $3.4B to $3.5BMar 31, 2023 to Mar 27, 2024
- Pooled vehicle RAUM · $3.4B to $3.5BMar 31, 2023 to Mar 27, 2024
- RAUM · $3.4B to $3.5BMar 31, 2023 to Mar 27, 2024
- Related bank · true to falseMar 31, 2023 to Mar 27, 2024
- Accounts · 10 to 11Mar 31, 2022 to Mar 31, 2023
- Advisory employees · 16 to 18Mar 31, 2022 to Mar 31, 2023
- Pooled vehicle clients · 10 to 11Mar 31, 2022 to Mar 31, 2023
- Assets in custody · $2.7B to $2.3BMar 31, 2022 to Mar 31, 2023
- Employees · 19 to 22Mar 31, 2022 to Mar 31, 2023
- Private funds · 10 to 11Mar 31, 2022 to Mar 31, 2023
- Discretionary RAUM · $3.7B to $3.4BMar 31, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $3.7B to $3.4BMar 31, 2022 to Mar 31, 2023
- RAUM · $3.7B to $3.4BMar 31, 2022 to Mar 31, 2023
Signals
4 dated events
- Healthcare Royalty Management, Llc reported RAUM $3.5B, up 40% from $2.5B (2019-03-26 to 2020-03-27)Mar 27, 2020 · RAUM change · derived
- Healthcare Royalty Management, Llc reported RAUM $2.5B, up 38% from $1.8B (2018-03-27 to 2019-03-26)Mar 26, 2019 · RAUM change · derived
- Healthcare Royalty Management, Llc reported RAUM $1.8B, down 30% from $2.6B (2017-03-24 to 2018-03-27)Mar 27, 2018 · RAUM change · derived
- Healthcare Royalty Management, Llc filed its initial SEC registration (Form ADV)Mar 17, 2014 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- Healthcare Royalty Management, LLC · Independent Sponsorsshared crd · capital_provider
- Healthcare Royalty Management, LLC · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- LINKEDIN.COM/COMPANY/HEALTHCARE-ROYALTY-PARTNERSreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 646-630-7750reportedpublic record, Form ADV, Aug 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