Trg Management Lp
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 138083
· SEC file 801-65631
· New York, NY
· WWW.ROHATYNGROUP.COM
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ADV data as of Mar 31, 2026
- Regulatory AUM
- $6.7B
- Discretionary
- $4.3B
- Clients
- 43
- Avg AUM / client
- $156M
- Accounts
- 48
- Employees
- 102
AUM over time
$1.9B
$8.5B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 43 | $4.4B | 64.9% |
| Other investment advisers | Fewer than 5 clients | $36.2M | 0.54% |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 clients | $2.3B | 33.7% |
| Corporations and other businesses | Fewer than 5 clients | $58.6M | 0.87% |
Private funds (31)
View all →Reported in Form ADV Section 7.B.(1), filing of Apr 2024 · $4.2B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Asian Infrastructure & Related Resources Opportunity Fund Cayman Master Lp master | Private Equity Fund | Cayman Islands | $603M | 245 |
| Baf Latam Credit Fund | Private Equity Fund | Cayman Islands | $525M | 50 |
| Trg Forestry Fund 9, Lp | Real Estate Fund | Delaware | $378M | 31 |
| Saltus Separate Account, L.P. | Hedge Fund | Delaware | $374M | 4 |
| Trg Bt Fund, Lp | Real Estate Fund | Cayman Islands | $290M | 11 |
| Trg Growth Partnership Ii, L.P. master | Private Equity Fund | Cayman Islands | $203M | 1,243 |
| Trg Emerging Europe Private Equity Fund Scsp | Private Equity Fund | Luxembourg | $193M | 13 |
| Airro India Sidecar Fund Cayman Master Lp master | Private Equity Fund | Cayman Islands | $178M | 31 |
| Trg Quokka Fund Lp | Real Estate Fund | Cayman Islands | $176M | 2 |
| Trg Farm Land Opitmization Fund, Lp | Real Estate Fund | Cayman Islands | $166M | 36 |
| Ethos Fund Vi (Jersey), L.P. | Private Equity Fund | Jersey | $158M | 28 |
| Trg Latin America Private Equity Fund I, L.P. | Private Equity Fund | Canada | $128M | 11 |
| Trg Argentina Private Equity Fund, L.P. | Private Equity Fund | Canada | $110M | 25 |
| Ninety One Africa Private Equity Fund 2 L.P. | Private Equity Fund | Guernsey | $94.9M | 9 |
| Balam Fund I, Lp | Private Equity Fund | Canada | $90.0M | 6 |
People (21)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Rohatyn, Nicolas, Streit | Ceo & Cio, Member Of The Board Of Trg, Trg Venture Capital Gp Entities, Trg Allocation, Trg India And Trg Singapore | Dec 2001 (25y) | ≈ 14.06% – 50% via Rohatyn Management Interests, Llc | |
| Gutierrez, Miguel, Angel | Member Of Each The Board Of Partners And The Executive Committee For Trg | Jul 2004 (22y) | Less than 5% | |
| Richardson, Michael, Henry | Board Member For Each Of The Trg Venture Capital General Partner Entities | Feb 2005 (22y) | Less than 5% | |
| Steinberg, Bernard, Schaffer | Member Of The Board Of Partners Of Trg And Member Of The Executive Committee For Trg | Aug 2006 (20y) | Less than 5% | |
| Consing, Cezar, Peralta | Member Of The Board Of Partners Of Trg | Jan 2008 (19y) | Less than 5% | |
| Sophonpanich, Chartsiri, Nmn | Member Of The Board Of Partners Of Trg | Jan 2010 (17y) | Less than 5% | |
| Krin, Vladimir, Nmn | Chief Risk Officer And Member Of The Executive Committee For Trg | Apr 2010 (16y) | Less than 5% | |
| Chute, Roberto | Partner Of Trg Management Principals Lp | Oct 2017 (9y) | Less than 5% | |
| Jolly, Ian, Gordon | Partner Of Trg Management Principals Lp And Head Of Trg New Zealand Office | Dec 2017 (9y) | Less than 5% | |
| Robinson, Michael | Board Member For Each Of The Trg Venture Capital General Partner Entities | Dec 2017 (9y) | Less than 5% | |
| Claridge, Michael, Stephen Darien | Member Of The Executive Committee For Trg And Head Of Trg Boston Office | Sep 2018 (8y) | Less than 5% | |
| Cruikshank, Charlotte, Anne | Board Member For Each Of The Trg Venture Capital General Partner Entities | Sep 2018 (8y) | Less than 5% | |
| Cohen, Jacob, Marc | Head Of Business Management, General Counsel And Member Of The Executive Committee For Trg | Sep 2019 (7y) | Less than 5% | |
| Holmes, Paul, Anthony | Chief Compliance Officer | Sep 2019 (7y) | Less than 5% | |
| Clark, Colin, Douglas | Partner Of Trg Management Principals Lp | Nov 2021 (5y) | Less than 5% | |
| Kankainen, Erik | Partner Of Trg Management Principals Lp | Nov 2021 (5y) | Less than 5% | |
| De Beer, Anthonie, Christoffel | Partner Of Trg Management Principals Lp | Apr 2023 (3y) | Less than 5% | |
| Hayward Butt, Peter | Partner Of Trg Management Principals Lp | Apr 2023 (3y) | Less than 5% | |
| Mackenzie, Stuart, James | Partner Of Trg Management Principals Lp And Head Of Africa | Apr 2023 (3y) | Less than 5% | |
| Matthews, Jonathan, Edward Roland | Partner Of Trg Management Principals Lp | Apr 2023 (3y) | Less than 5% | |
| De Angelo, Michael, Vincent | Partner Of Trg Management Principals Lp | Jan 2024 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Trg Management Principals Lp | General Partner Of Trg Management Lp ("Trg") | Feb 2003 | A | 75% or more |
| Bangkok Bank Public Company Limited | Limited Partner | May 2009 | A | 5% – 10% |
| Ai North America, Inc. | Limited Partner | Dec 2009 | A | 5% – 10% |
| Ayala Corporation | Shareholder | Jul 2006 | B | ≈ 3.75% – 10% via Ai North America, Inc. |
| Rohatyn Management Interests, Llc | Managing Member | Feb 2003 | B | ≈ 18.75% – 50% via Trg Management Principals Lp |
Undisclosed: 0% – 15% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Rohatyn, Nicolas, Streit: 75% – 100% of Rohatyn Management Interests, Llc × 25% – 50% of Trg Management Principals Lp × 75% – 100% direct ≈ 14.06% – 50% of the firm
- Ayala Corporation: 75% – 100% of Ai North America, Inc. × 5% – 10% direct ≈ 3.75% – 10% of the firm
- Rohatyn Management Interests, Llc: 25% – 50% of Trg Management Principals Lp × 75% – 100% direct ≈ 18.75% – 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 (31, $4.2B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Asian Infrastructure & Related Resources Opportunity Fund Cayman Master Lp | Private Equity Fund | $603M | $500K | 245 |
| Baf Latam Credit Fund | Private Equity Fund | $525M | $1.0M | 50 |
| Trg Forestry Fund 9, Lp | Real Estate Fund | $378M | $10.0M | 31 |
| Saltus Separate Account, L.P. | Hedge Fund | $374M | $5.0M | 4 |
| Trg Bt Fund, Lp | Real Estate Fund | $290M | $5.0M | 11 |
| Trg Growth Partnership Ii, L.P. | Private Equity Fund | $203M | $250K | 1,243 |
| Trg Emerging Europe Private Equity Fund Scsp | Private Equity Fund | $193M | $5.0M | 13 |
| Airro India Sidecar Fund Cayman Master Lp | Private Equity Fund | $178M | $10.0M | 31 |
| Trg Quokka Fund Lp | Real Estate Fund | $176M | $31.4M | 2 |
| Trg Farm Land Opitmization Fund, Lp | Real Estate Fund | $166M | $5.0M | 36 |
| Ethos Fund Vi (Jersey), L.P. | Private Equity Fund | $158M | $513M | 28 |
| Trg Latin America Private Equity Fund I, L.P. | Private Equity Fund | $128M | $5.0M | 11 |
| Trg Argentina Private Equity Fund, L.P. | Private Equity Fund | $110M | $5.0M | 25 |
| Ninety One Africa Private Equity Fund 2 L.P. | Private Equity Fund | $94.9M | $295M | 9 |
| Balam Fund I, Lp | Private Equity Fund | $90.0M | $5.0M | 6 |
| Trg Long Horizons Forestry Fund A, Lp | Real Estate Fund | $84.3M | $10.0M | 26 |
| Trg Long Horizons Forestry Fund B, Lp | Real Estate Fund | $83.2M | $10.0M | 3 |
| Asian Infrastructure & Related Resources Opportunity Fund Ii Pte Ltd | Private Equity Fund | $78.2M | $10.0M | 24 |
| Trg Emerging Horizon Select Equity Master Fund, Ltd. | Hedge Fund | $68.2M | $1.0M | 11 |
| Trg Private Credit Latin America Sarl | Private Equity Fund | $56.9M | $1.0M | 2 |
| Star Business Enterprises Limited | Private Equity Fund | $48.2M | $40.0M | 1 |
| Fondo De Capital Privado Trg Fcp La | Private Equity Fund | $42.9M | $5.0M | 3 |
| Baltic Cruises Investment Lp | Private Equity Fund | $33.4M | $5.5M | 10 |
| Trggp Ii Co Invest L.P. | Private Equity Fund | $23.0M | $10.0K | 73 |
| Natil Technologies Ltd | Private Equity Fund | $15.5M | $1.0M | 5 |
Top 25 of 31 funds by gross assets · all funds
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 8.12 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 pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Citibank $1.6B (23% of AUM) Mar 2026
- Northern Trust $303M (5% of AUM) Mar 2020
- Citigroup Private Equity (Cvci Gp) Llc $136M (2% of AUM) Nov 2022
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: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗