Private Fund Statistics

These data highlights visualize Private Fund Statistics – the periodic report produced by the Division of Investment Management’s Analytics Office. Please see the latest PDF report, and the downloadable Excel file, for additional information on the underlying data sources, methodologies, and key definitions. These statistics reflect staff’s compilation and analysis of data reported to the Commission on Form PF.

Only SEC-registered advisers with at least $150 million in private fund assets under management must report to the Commission on Form PF. SEC-registered investment advisers (RIAs) with less than $150 million in private fund assets under management, SEC exempt reporting advisers, and state-registered investment advisers are not required to file Form PF, but report general information about the private funds they manage on Form ADV. For aggregate statistics concerning private funds reported on Form ADV, see https://www.sec.gov/data-research/data-visualizations/investment-adviser-statistics/investment-advisers-total-private-funds-advised-rias-or-eras.

PF Statistics at a Glance