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

Five Arrows Managers (USA) LLC

Asset manager (funds and pooled vehicles)New York, New YorkCRD 286195SEC 801-113013websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape Mar 28, 2018 · 19 filings
SEC status approved since Apr 27, 2018
RAUM
$994M
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
45
42 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
2
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$994M as of Mar 30, 2026
Mar 29, 2019$480M then
HNW client RAUM$0 as of Mar 30, 2026
Mar 29, 2019$0 then
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 29, 20190 then
Employees (5.A)45 as of Mar 30, 2026
Mar 29, 201912 then
Private funds2 as of Mar 30, 2026
Mar 29, 20192 then
RAUM +0.0% over the last fiscal year+8.2% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 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
$249MderivedRAUM 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
+0.0%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
$799M, 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
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$994M100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
4reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$799M for 4 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true 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
      Five Arrows Capital Partners, L.P.Private Equity Fund$139M9Apr 12, 2017
      Facp Co-Investment Partners I, LPno longer reportedPrivate Equity Fund$104M2Mar 29, 2019
      Five Arrows Co-Investment Partners ScspPrivate Equity Fund$64.3M143Mar 29, 2020
      Owners and control persons
      Schedule A and B, latest filing
      • Jacob Ari Benacerraf · Executive Officercontrol
        since 04/2017 · owns less than 5%
      • Murray John Carroll · Executive Officercontrol
        since 08/2023 · owns less than 5%
      • M Kelly Henry · Chief Compliance Officercontrol
        since 01/2024 · owns less than 5%
      • Ahmad Javed Khan · Executive Officercontrol
        since 04/2017 · owns less than 5%
      • Xavier Monnereau · Executive Officercontrol
        since 04/2017 · owns less than 5%
      • S Reid Perper · Executive Officercontrol
        since 04/2017 · owns less than 5%
      Entity owners
      • Five Arrows · Managing Member
        direct · owns 75% or more
      • K Developpement Sas · Shareholder
        indirect · owns 75% or more of Five Arrows
      • Rothschild & Co Sca · Shareholder
        indirect · owns 75% or more of K Developpement Sas
      Related persons
      Schedule D 7.A
      Advisers that list Five Arrows Managers (USA) LLC as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • San Francisco, CA7 employees
      What changed
      consecutive filings, newest first
      • Advisory employees · 40 to 42
        Mar 27, 2025 to Mar 30, 2026
      • Assets in custody · $905M to $799M
        Mar 27, 2025 to Mar 30, 2026
      • Employees · 42 to 45
        Mar 27, 2025 to Mar 30, 2026
      • Discretionary RAUM · $994M to $994M
        Mar 27, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $994M to $994M
        Mar 27, 2025 to Mar 30, 2026
      • RAUM · $994M to $994M
        Mar 27, 2025 to Mar 30, 2026
      • Advisory employees · 25 to 40
        Mar 28, 2024 to Mar 27, 2025
      • Assets in custody · $683M to $905M
        Mar 28, 2024 to Mar 27, 2025
      • Employees · 28 to 42
        Mar 28, 2024 to Mar 27, 2025
      • Financial planning clients · unset to
        Mar 28, 2024 to Mar 27, 2025
      • Discretionary RAUM · $835M to $994M
        Mar 28, 2024 to Mar 27, 2025
      • Pooled vehicle RAUM · $835M to $994M
        Mar 28, 2024 to Mar 27, 2025
      • RAUM · $835M to $994M
        Mar 28, 2024 to Mar 27, 2025
      • Advisory employees · 20 to 25
        Jan 31, 2024 to Mar 28, 2024
      • Assets in custody · $615M to $683M
        Jan 31, 2024 to Mar 28, 2024
      • Employees · 23 to 28
        Jan 31, 2024 to Mar 28, 2024
      • Discretionary RAUM · $784M to $835M
        Jan 31, 2024 to Mar 28, 2024
      • Pooled vehicle RAUM · $784M to $835M
        Jan 31, 2024 to Mar 28, 2024
      • RAUM · $784M to $835M
        Jan 31, 2024 to Mar 28, 2024
      • Accounts · 5 to 4
        Mar 30, 2022 to Mar 29, 2023
      • Advisory employees · 16 to 20
        Mar 30, 2022 to Mar 29, 2023
      • Pooled vehicle clients · 5 to 4
        Mar 30, 2022 to Mar 29, 2023
      • Assets in custody · $1.1B to $615M
        Mar 30, 2022 to Mar 29, 2023
      • Employees · 19 to 23
        Mar 30, 2022 to Mar 29, 2023
      • Other offices · 0 to 1
        Mar 30, 2022 to Mar 29, 2023
      • Private funds · 3 to 2
        Mar 30, 2022 to Mar 29, 2023
      • Discretionary RAUM · $1.2B to $784M
        Mar 30, 2022 to Mar 29, 2023
      • Pooled vehicle RAUM · $1.2B to $784M
        Mar 30, 2022 to Mar 29, 2023
      • RAUM · $1.2B to $784M
        Mar 30, 2022 to Mar 29, 2023
      • Advisory employees · 12 to 16
        Apr 13, 2021 to Mar 30, 2022
      • Assets in custody · $566M to $1.1B
        Apr 13, 2021 to Mar 30, 2022
      • Employees · 15 to 19
        Apr 13, 2021 to Mar 30, 2022
      • Discretionary RAUM · $765M to $1.2B
        Apr 13, 2021 to Mar 30, 2022
      • Pooled vehicle RAUM · $765M to $1.2B
        Apr 13, 2021 to Mar 30, 2022
      • RAUM · $765M to $1.2B
        Apr 13, 2021 to Mar 30, 2022
      • Advisory employees · 11 to 12
        Apr 9, 2020 to Mar 29, 2021
      • Assets in custody · $355M to $566M
        Apr 9, 2020 to Mar 29, 2021
      • Employees · 14 to 15
        Apr 9, 2020 to Mar 29, 2021
      • Discretionary RAUM · $718M to $765M
        Apr 9, 2020 to Mar 29, 2021
      • Pooled vehicle RAUM · $718M to $765M
        Apr 9, 2020 to Mar 29, 2021
      Signals
      11 dated events
      • Murray John Carroll (Executive Officer) appeared on Schedule A of Five Arrows Managers (Usa) Llc
        Mar 28, 2024 · Control person joined · fact
      • Marc Olivier Laurent (Executive Officer) no longer on Schedule A of Five Arrows Managers (Usa) Llc (listed 2024-01-31, absent 2024-03-28)
        Mar 28, 2024 · Control person left · inference
      • M Kelly Henry (Chief Compliance Officer) appeared on Schedule A of Five Arrows Managers (Usa) Llc
        Jan 31, 2024 · Control person joined · fact
      • James Michael Gruppuso (Chief Compliance Officer) no longer on Schedule A of Five Arrows Managers (Usa) Llc (listed 2023-05-22, absent 2023-08-03)
        Aug 3, 2023 · Control person left · inference
      • Murray John Carroll (Chief Compliance Officer) appeared on Schedule A of Five Arrows Managers (Usa) Llc
        Aug 3, 2023 · Control person joined · fact
      • Five Arrows Managers (Usa) Llc reported RAUM $783.8M, down 32% from $1.2B (2022-03-30 to 2023-03-29)
        Mar 29, 2023 · RAUM change · derived
      • Victor Decrion (Executive Officer) no longer on Schedule A of Five Arrows Managers (Usa) Llc (listed 2022-03-30, absent 2023-03-29)
        Mar 29, 2023 · Control person left · inference
      • Five Arrows Managers (Usa) Llc reported RAUM $1.2B, up 50% from $765.5M (2021-04-13 to 2022-03-30)
        Mar 30, 2022 · RAUM change · derived
      • David Adam Lehrhoff (Executive Officer) no longer on Schedule A of Five Arrows Managers (Usa) Llc (listed 2020-04-09, absent 2021-03-29)
        Mar 29, 2021 · Control person left · inference
      • Five Arrows Managers (Usa) Llc reported RAUM $718.1M, up 50% from $479.7M (2019-04-05 to 2020-03-29)
        Mar 29, 2020 · RAUM change · derived
      • Five Arrows Managers (Usa) Llc filed its initial SEC registration (Form ADV)
        Mar 28, 2018 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/rothschildandcoreportedpublic record, Form ADV, Sep 17, 2026
      Website
      ROTHSCHILDANDCO.COMreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      212-300-1999reportedpublic record, Form ADV, Mar 30, 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