Private fund adviser · Hockessin, DE
Brandywine Managers, LLC
SEC-registered investment adviser · CRD 137388 · SEC 801-66569
At a glance
Brandywine Managers, LLC is an SEC-registered investment adviser based in Hockessin, Delaware, with $14.0 billion in regulatory assets under management as of its Form ADV filed July 14, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 482nd of 4,686 private fund advisers and 1,094th of 17,210 SEC-registered advisers by assets.
Main office 302-234-5750brandywinetrust.comAs filed on Form ADV
- Regulatory AUM
- $14B
- Rank among private fund advisers
- #482 of 4,686
- Rank among all SEC RIAs
- #1,094 of 17,210
- Rank in Delaware
- #5 of 39
- Clients
- 43
- Accounts
- 42
- Discretionary
- 100% of AUM
- Employees
- 5
- Advisory staff
- 3
- Offices
- 1
Owners and executives on its Form ADV
- Richard E. CarlsonManaging Director
- W S. CampbellVice-President & Assistant Secretary
- John A. CiccaroneVice-President & Assistant Secretary
- Kristina D ShermanVice President & Chief Compliance Officer
- Jeffrey S BeckerVice President & Chief Financial Officer
Custody and brokerage
Custodian
Brandywine Managers, LLC’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 42 | $14B | 100% |
| Banking or thrift institutions | 1 | $0M | 0% |
Private funds
Brandywine Managers, LLC reports 42 private funds with $14B in gross assets: hedge funds, private equity funds (Form ADV Item 7.B).
Disciplinary disclosures
Brandywine Managers, LLC 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
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗brandywinetrust.com ↗
AtlasMembers
The full record on Brandywine Managers, LLC
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, ten years of filings
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- Growth over one, three and five years
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- Rank against 848 peers of its type and size
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- Owners and executives, with titles and stakes
- 5 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 Brandywine Managers, LLC manage?
Brandywine Managers, LLC reports $14.0 billion in regulatory assets under management across 42 accounts, 100% of it on a discretionary basis, on its Form ADV filed July 14, 2026.
What kind of firm is Brandywine Managers, LLC?
Brandywine Managers, LLC is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Brandywine Managers, LLC’s clients?
By assets, its largest client types are pooled investment vehicles ($14.0 billion, 42 clients); banking or thrift institutions ($0, 1 clients).
Does Brandywine Managers, LLC manage private funds?
Yes. It reports 42 private funds with $14.0 billion in gross assets, including hedge funds, private equity funds.
Does Brandywine Managers, LLC have any disciplinary history?
Brandywine Managers, LLC 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 Brandywine Managers, LLC’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 (2026-07-14), 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 →