Partners Capital Investment Group, Llp
SEC-registered
Endowment & Foundation Advisor · Large ($10B–$100B)
CRD 120663
· SEC file 801-61234
· Boston, MA
· WWW.LINKEDIN.COM
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ADV data as of Apr 28, 2026
- Regulatory AUM
- $50.5B
- Discretionary
- $31.4B
- Clients
- 886
- Avg AUM / client
- $57.0M
- Accounts
- 886
- Employees
- 190
AUM over time
$3.9B
$50.5B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Apr 28, 2026
Asset allocation (SMA assets by investment type)
as of Apr 28, 2026
Pooled investment vehicles
$34.3B
68%
Registered investment companies (funds/ETFs)
$12.1B
24%
Exchange-traded equities
$2.0B
4%
Cash & equivalents
$2.0B
4%
Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 521 | $6.2B | 12.3% |
| Investment companies | 2 | $112M | 0.22% |
| Pooled investment vehicles (non-investment companies) | 123 | $19.8B | 39.2% |
| Pension and profit sharing plans | 90 | $2.3B | 4.51% |
| Charitable organizations | 147 | $21.0B | 41.6% |
| State or municipal government entities | 3 | $1.1B | 2.14% |
Private funds (57)
View all →Reported in Form ADV Section 7.B.(1), filing of Aug 2024 · $15.9B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| The Master Portfolio (C) S.A. Sicav Raif | Hedge Fund | Luxembourg | $3.3B | 301 |
| Partners Capital Phoenix Fund Ii Ltd Diversified Income Fund | Private Equity Fund | Cayman Islands | $2.5B | 209 |
| Partners Capital Greyhawk Fund, L.P. master | Hedge Fund | Delaware | $1.7B | 225 |
| Partners Capital Harrier Fund (C), Ltd | Hedge Fund | Cayman Islands | $1.3B | 102 |
| The Master Portfolio (A), L.P. | Hedge Fund | Delaware | $838M | 125 |
| Partners Capital Falcon Fund (C), Ltd | Hedge Fund | Cayman Islands | $745M | 72 |
| The Master Portfolio (B), Ltd | Hedge Fund | Cayman Islands | $603M | 127 |
| Partners Capital Condor Fund Xiii, L.P. master | Private Equity Fund | Delaware | $475M | 114 |
| Partners Capital Condor Fund Xi, L.P. master | Private Equity Fund | Delaware | $355M | 102 |
| Partners Capital Merlin Co Investment Fund Ii, L.P. master | Private Equity Fund | Delaware | $351M | 118 |
| Partners Capital Merlin Co Investment Fund Ii Master, L.P. master | Private Equity Fund | Delaware | $351M | 118 |
| Partners Capital Condor Fund Xii, L.P. master | Private Equity Fund | Delaware | $317M | 112 |
| Partners Capital Condor Fund Xiv, L.P. master | Private Equity Fund | Delaware | $272M | 132 |
| Partners Capital Condor Fund Ix, L.P. master | Private Equity Fund | Delaware | $261M | 79 |
| Partners Capital Condor Fund X, L.P. master | Private Equity Fund | Delaware | $256M | 74 |
Nonprofit clients
Charities that reported this firm as a top-paid contractor (investment services) on Form 990.
| Charity | Location | Period |
|---|---|---|
| Research Foundation For The State University Of New York EIN 141368361 | Albany, NY | 06/30/2025 |
| Metropolitan Opera Centennial Fund Endowment Trust EIN 136071129 | New York, NY | 07/31/2024 |
| Jewish Federation Of Cleveland EIN 340714445 | Cleveland, OH | 06/30/2024 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Paul Hastings Llp Defined Benefit Retirement Plan For Partners Paul Hastings Llp | 2024 |
People (18)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Dimitruk, Paul, Arthur | General Partner, Senior Partner | Jan 2002 (25y) | Less than 5% | |
| Miranda, Stan, Burton | General Partner | Jan 2002 (25y) | Less than 5% | |
| William Waring Fox | General Partner, Director | Aug 2003 (23y) | Less than 5% | |
| Liebenberg, Clinton, John | Global Chief Client Operating Officer | May 2006 (20y) | Less than 5% | |
| Demartini, Richard, Michael | Independent Director | Aug 2006 (20y) | Less than 5% | |
| Seth, Tobias, John | Director | Jan 2010 (17y) | Less than 5% | |
| Raghavan, Arjun, Raju | General Partner, Chief Executive Officer And Director | Jun 2017 (9y) | Less than 5% | |
| Hewsenian, Rosalind, Margaret | Independent Director | Jul 2017 (9y) | Less than 5% | |
| Kacyem, Nelda, Mary | Chief Compliance Officer | Jan 2020 (7y) | Less than 5% | |
| Piccoli, Olivier, édouard | General Counsel | Jan 2020 (7y) | Less than 5% | |
| Misra, Sanjiv | Independent Director | May 2021 (5y) | Less than 5% | |
| Caillaux, Gabriel, Pierre | Director | Mar 2024 (2y) | Less than 5% | |
| Escobari Lifchitz, Martin, Emiliano | Member Of A Committee That Serves As The Manager | Mar 2024 (2y) | GP / trustee / elected manager of Gasc Mgp, Llc (indirect) | |
| Ford, William, Edward | Member Of A Committee That Serves As The Manager | Mar 2024 (2y) | GP / trustee / elected manager of Gasc Mgp, Llc (indirect) | |
| Hodgson, David, Charles | Member Of A Committee That Serves As The Manager | Mar 2024 (2y) | GP / trustee / elected manager of Gasc Mgp, Llc (indirect) | |
| Lanning, Christopher, Glenn | Member Of A Committee That Serves As The Manager | Mar 2024 (2y) | GP / trustee / elected manager of Gasc Mgp, Llc (indirect) | |
| Thorpe, Katie, Elizabeth | Global Chief Operating Officer | Mar 2024 (2y) | Less than 5% | |
| Woodworth, Caroline, Mckim | Director | Jul 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Partners Capital Intermediate 2 Llc | Shareholder | Dec 2023 | A | 75% or more |
| Partners Capital Investment Group (Holdings) Llp | Shareholder | Dec 2023 | B | ≈ 56.25% – 100% via Partners Capital Intermediate 2 Llc |
| Partners Capital Intermediate 1 Inc | Shareholder | Dec 2023 | B | ≈ 42.19% – 100% via Partners Capital Investment Group (Holdings) Llp |
| Partners Capital Holdings Llp | Shareholder | Dec 2023 | B | ≈ 31.64% – 100% via Partners Capital Intermediate 1 Inc |
| General Atlantic 100, L.P. | Shareholder | Mar 2017 | B | ≈ 5.93% – 50% via General Atlantic (Pco), L.P. |
| General Atlantic (Pco), L.P. | Shareholder | Jul 2024 | B | ≈ 7.91% – 50% via Partners Capital Holdings Llp |
| Gasc Management Holdco, L.P. | Limited Partner | Jul 2021 | B | 25% – 50% of General Atlantic Partners, L.P. (indirect) |
| General Atlantic, L.P. | General Partner | Mar 2017 | B | GP / trustee / elected manager of General Atlantic 100, L.P. (indirect) |
| General Atlantic Partners, L.P. | Sole Member | Jul 2021 | B | GP / trustee / elected manager of General Atlantic, L.P. (indirect) |
| Gasc Gp, Llc | General Partner | Jul 2021 | B | GP / trustee / elected manager of General Atlantic Partners, L.P. (indirect) |
| Gasc Mgp, Llc | Member Of Gasc Gp, Llc | Jan 2018 | B | GP / trustee / elected manager of Gasc Gp, Llc (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Partners Capital Investment Group (Holdings) Llp: 75% – 100% of Partners Capital Intermediate 2 Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Partners Capital Intermediate 1 Inc: 75% – 100% of Partners Capital Investment Group (Holdings) Llp × 75% – 100% of Partners Capital Intermediate 2 Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Partners Capital Holdings Llp: 75% – 100% of Partners Capital Intermediate 1 Inc × 75% – 100% of Partners Capital Investment Group (Holdings) Llp × 75% – 100% of Partners Capital Intermediate 2 Llc × 75% – 100% direct ≈ 31.64% – 100% of the firm
- General Atlantic 100, L.P.: 75% – 100% of General Atlantic (Pco), L.P. × 25% – 50% of Partners Capital Holdings Llp × 75% – 100% of Partners Capital Intermediate 1 Inc × 75% – 100% of Partners Capital Investment Group (Holdings) Llp × 75% – 100% of Partners Capital Intermediate 2 Llc × 75% – 100% direct ≈ 5.93% – 50% of the firm
- General Atlantic (Pco), L.P.: 25% – 50% of Partners Capital Holdings Llp × 75% – 100% of Partners Capital Intermediate 1 Inc × 75% – 100% of Partners Capital Investment Group (Holdings) Llp × 75% – 100% of Partners Capital Intermediate 2 Llc × 75% – 100% direct ≈ 7.91% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (57, $15.9B gross assets)
Top 25 of 57 funds by gross assets · all funds
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Paul Hastings Llp Defined Benefit Retirement Plan For Partners | Paul Hastings Llp | 302 | $1.1B | 06/01/2024 |
From Form 5500 service-provider disclosures.
Foundations & charities (3)
| Organization | Type | Assets | As of |
|---|---|---|---|
| Research Foundation For The State University Of New York | Public charity | $1.9B | 06/30/2025 |
| Metropolitan Opera Centennial Fund Endowment Trust | Public charity | $42.9M | 07/31/2024 |
| Jewish Federation Of Cleveland | Public charity | $598M | 06/30/2024 |
From IRS Form 990 investment-management-fee disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/28/2026 | 13.8 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
Services
- • Portfolio management for investment companies
Custody
Reported custodians
- Charles Schwab & Co. $3.9B (8% of AUM) Apr 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 28, 2026.
View current Form ADV (SEC/IAPD) ↗