Private fund adviser · New York, NY
Anchorage Capital Advisors, L.P.
SEC-registered investment adviser · CRD 328998 · SEC 801-129231
At a glance
Anchorage Capital Advisors, L.P. is an SEC-registered investment adviser based in New York, New York, with $27.8 billion in regulatory assets under management as of its Form ADV filed August 27, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 276th of 4,686 private fund advisers and 694th of 17,210 SEC-registered advisers by assets.
Main office 212-432-4600anchoragecapital.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $28B
- Rank among private fund advisers
- #276 of 4,686
- Rank among all SEC RIAs
- #694 of 17,210
- Rank in New York
- #190 of 2,591
- Clients
- 116
- Accounts
- 116
- Discretionary
- 100% of AUM
- Employees
- 88
- Advisory staff
- 42
- Offices
- 1
Owners and executives on its Form ADV
- Andrew J. AkermanChief Financial Officer
- Yale J. BaronCo-Chief Investment Officer
- Robert O. DunleavyChief Operating Officer
- Thibault M. GournayCo-Chief Investment Officer
- Bradley H. LeiberCo-General Counsel
- Joel T. KoernerChief Compliance Officer
Custody and brokerage
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 114 | $27B | 97% |
| State or municipal government entities | 2 | $801M | 3% |
Private funds
Anchorage Capital Advisors, L.P. reports 84 private funds with $28B in gross assets: hedge funds, securitized asset funds (Form ADV Item 7.B).
Disciplinary disclosures
Anchorage Capital Advisors, L.P. reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗anchoragecapital.com ↗
AtlasMembers
The full record on Anchorage Capital Advisors, L.P.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 2 years of filings
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- Growth over one, three and five years
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- Rank against 546 peers of its type and size
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- Owners and executives, with titles and stakes
- 6 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does Anchorage Capital Advisors, L.P. manage?
Anchorage Capital Advisors, L.P. reports $27.8 billion in regulatory assets under management across 116 accounts, 100% of it on a discretionary basis, on its Form ADV filed August 27, 2026.
What kind of firm is Anchorage Capital Advisors, L.P.?
Anchorage Capital Advisors, L.P. is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Anchorage Capital Advisors, L.P.’s clients?
By assets, its largest client types are pooled investment vehicles ($27.0 billion, 114 clients); state or municipal government entities ($801 million, 2 clients).
Does Anchorage Capital Advisors, L.P. manage private funds?
Yes. It reports 84 private funds with $27.5 billion in gross assets, including hedge funds, securitized asset funds.
Does Anchorage Capital Advisors, L.P. have any disciplinary history?
Anchorage Capital Advisors, L.P. reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Anchorage Capital Advisors, L.P.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-08-27), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →