Asset manager · New York, NY
Pzena Investment Management LLC
SEC-registered investment adviser · CRD 106847 · SEC 801-50838
At a glance
Pzena Investment Management LLC is an SEC-registered investment adviser based in New York, New York, with $81.4 billion in regulatory assets under management as of its Form ADV filed March 30, 2026. Its largest client group by assets is pooled investment vehicles, and it reports 44 individual clients. By Form ADV it is a asset manager, ranked 157th of 3,218 asset managers and 308th of 17,210 SEC-registered advisers by assets.
Main office 212-355-1600pzena.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $81B
- Rank among asset managers
- #157 of 3,218
- Rank among all SEC RIAs
- #308 of 17,210
- Rank in New York
- #78 of 2,591
- Individual clients
- 44
- High-net-worth clients
- 36
- Accounts
- 245
- Discretionary
- 99% of AUM
- Employees
- 164
- Advisory staff
- 55
- Offices
- 1
Owners and executives on its Form ADV
- John P. GoetzCo-Chief Investment Officer
- Richard S. PzenaChairman; Co-Chief Investment Officer
- William L. LipseyVice Chairman
- Jessica R. DoranChief Financial Officer
- Chenyu C. CaiChief Executive Officer
- Evan K. FireChief Operating Officer
- Steven M. CoffeyChief Legal Risk Officer and Chief Compliance Officer
- Geoffrey J. BauerChief Legal Officer
- Allison J. FischPresident
Custody and brokerage
Broker-dealer
Hybrid RIA
Pzena Investment Management LLC is a hybrid RIA: 16 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Pzena Financial Services, LLC.
- Pzena Financial Services, LLC ↗CRD 169807
Its Form ADV brochure (filed March 2026) names Pzena Financial Services as the broker-dealer its advisers are registered with.
Certain employees of PIM are licensed registered representatives of PFS and are compensated for the sale of PIM-advised pooled funds.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 53 | $36B | 44% |
| Investment companies | 19 | $24B | 30% |
| State or municipal government entities | 29 | $14B | 18% |
| Pension and profit sharing plans | 23 | $3.1B | 4% |
| Other investment advisers | 4 | $1.2B | 1% |
| Corporations or other businesses | 45 | $1.1B | 1% |
| Insurance companies | 6 | $573M | <1% |
| Charitable organizations | 21 | $419M | <1% |
| Sovereign wealth funds and foreign official institutions | 1 | $199M | <1% |
| High-net-worth individuals | 36 | $101M | <1% |
| Individuals | 8 | $3M | <1% |
Private funds
Pzena Investment Management LLC reports 6 private funds with $602M in gross assets: hedge funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Pzena Investment Management LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- 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 ↗pzena.com ↗
AtlasMembers
The full record on Pzena Investment Management 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 250 peers of its type and size
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- Owners and executives, with titles and stakes
- 9 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 1Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Pzena Investment Management LLC manage?
Pzena Investment Management LLC reports $81.4 billion in regulatory assets under management across 245 accounts, 99% of it on a discretionary basis, on its Form ADV filed March 30, 2026.
What kind of firm is Pzena Investment Management LLC?
Pzena Investment Management LLC is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals.
Who are Pzena Investment Management LLC’s clients?
By assets, its largest client types are pooled investment vehicles ($35.8 billion, 53 clients); investment companies ($24.4 billion, 19 clients); state or municipal government entities ($14.5 billion, 29 clients).
Does Pzena Investment Management LLC manage private funds?
Yes. It reports 6 private funds with $602 million in gross assets, including hedge funds, other private funds.
Does Pzena Investment Management LLC have any disciplinary history?
Pzena Investment Management 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 Pzena Investment Management 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 (2026-03-30), 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 →