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Private fund adviser · Palo Alto, CA

Frazier Life Sciences Management, LP

SEC-registered investment adviser · CRD 317522 · SEC 801-122904

At a glance

Frazier Life Sciences Management, LP is an SEC-registered investment adviser based in Palo Alto, California, with $7.0 billion in regulatory assets under management as of its Form ADV filed March 31, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 780th of 4,686 private fund advisers and 1,699th of 17,210 SEC-registered advisers by assets.

Main office 650-325-5156frazierls.comLinkedInAs filed on Form ADV

Regulatory AUM
$7.0B
Rank among private fund advisers
#780 of 4,686
Rank among all SEC RIAs
#1,699 of 17,210
Rank in California
#178 of 1,873
Clients
8
Accounts
8
Discretionary
100% of AUM
Employees
64
Advisory staff
47
Offices
2

Owners and executives on its Form ADV

Custody and brokerage

Custodian

Frazier Life Sciences Management, LP’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.

Broker-dealer

No broker-dealer ties

Other RIAs with no broker-dealer ties

Who it serves

Client typeClientsRegulatory AUMShare
Pooled investment vehicles8$7.0B100%

Private funds

Frazier Life Sciences Management, LP reports 8 private funds with $7.0B in gross assets: hedge funds, private equity funds, venture capital funds (Form ADV Item 7.B).

Disciplinary disclosures

Frazier Life Sciences Management, LP 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

How it’s paid

  • A percentage of assets under management
  • Performance-based fees

Form ADV and brochures on the SEC’s adviser search ↗frazierls.com ↗

AtlasMembers

The full record on Frazier Life Sciences Management, LP

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, 4 years of filings
Locked
Growth over one, three and five years
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Rank against 1,185 peers of its type and size
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Owners and executives, with titles and stakes
8 namedLocked
Main office, fax and compliance officer
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Filing changes this year, with alerts
1Locked
Open Atlas free

Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.

Background

Questions

How much does Frazier Life Sciences Management, LP manage?

Frazier Life Sciences Management, LP reports $7.0 billion in regulatory assets under management across 8 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 31, 2026.

What kind of firm is Frazier Life Sciences Management, LP?

Frazier Life Sciences Management, LP is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.

Who are Frazier Life Sciences Management, LP’s clients?

By assets, its largest client types are pooled investment vehicles ($7.0 billion, 8 clients).

Does Frazier Life Sciences Management, LP manage private funds?

Yes. It reports 8 private funds with $7.0 billion in gross assets, including hedge funds, private equity funds, venture capital funds.

Does Frazier Life Sciences Management, LP have any disciplinary history?

Frazier Life Sciences Management, LP 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 Frazier Life Sciences Management, LP’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 (2026-03-31), 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 →