Fund families
The fund families with the most in private funds, and the families filing the most new Form D offerings this quarter — linked across Form ADV and Form D.
- Fund families
- 15,851
- control groups advising a private fund
- Private funds
- 198,747
- reported on Form ADV Schedule D
- Largest family
- $1.1T
- gross assets · Citadel Advisors LLC
- Most active family
- 52
- new Form D offerings · Hyperspace Partners
Largest fund families
By their private funds' gross assets, from Form ADV
- Citadel Advisors LLC$1.1T
- Kohlberg Kravis Roberts & Co. L.P.$944.9B
- Blackstone ISG-I Advisors L.L.C.$938.2B
- BlackRock Fund Advisors$853.4B
- Pacific Investment Management Company LLC$836.9B
| Family | Gross assets |
|---|---|
| Citadel Advisors LLC | $1.1T |
| Kohlberg Kravis Roberts & Co. L.P. | $944.9B |
| Blackstone ISG-I Advisors L.L.C. | $938.2B |
| BlackRock Fund Advisors | $853.4B |
| Pacific Investment Management Company LLC | $836.9B |
| Goldman Sachs Asset Management, L.P. | $769.2B |
| Millennium Management LLC | $712.7B |
| Qube Research & Technologies Limited | $580.4B |
| Capula Investment Management LLP | $568.9B |
| Ares Management LLC | $478.8B |
All 15,851 families, each with its advisers, funds and Form D offerings, are in the All planSee plans
Most active fund families this quarter
By new Form D offerings in the past 90 days
- Hyperspace Partners52
- Alumni Ventures46
- Hiive Advisors Inc.36
- Equitybee Advisors, LLC25
- Bonside Advisor, LLC22
All 15,851 families, each with its advisers, funds and Form D offerings, are in the All planSee plans
An offering counts toward a family when embarc attributes it to one of the family's advisers or funds; a placement agent's offerings are not its own.
Advisers
5,548 filed · 90dThe registrants these families are made of. Advisers that filed Form ADV this quarter, by private funds reported.
- Goldman Sachs Asset Management, L.P.1,566 funds
- Icapital Advisors, LLC1,307 funds
- Apollo Capital Management, L.P.1,290 funds
- The Carlyle Group838 funds
- Ares Management LLC837 funds
| Goldman Sachs Asset Management, L.P.Filed 2026-09-25 | 1,566 funds |
| Icapital Advisors, LLCFiled 2026-09-30 | 1,307 funds |
| Apollo Capital Management, L.P.Filed 2026-08-26 | 1,290 funds |
| The Carlyle GroupFiled 2026-07-07 | 838 funds |
| Ares Management LLCFiled 2026-08-26 | 837 funds |