Perceptive Advisors Llc.
- Regulatory AUM
- $11.8B
- Discretionary
- $11.8B
- Clients
- 26
- Avg AUM / client
- $453M
- Accounts
- 26
- Employees
- 49
AUM over time
Annual snapshots from Form ADV filings · as of Jul 13, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 25 | $11.7B | 99.1% |
| Other | 1 | $110M | 0.93% |
Private funds (20)
View all →Reported in Form ADV Section 7.B.(1), filing of Aug 2024 · $9.6B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Perceptive Life Sciences Master Fund, Ltd master | Hedge Fund | Cayman Islands | $5.6B | 400 |
| Perceptive Credit Opportunities Fund Iv, Lp master | Hedge Fund | Delaware | $1.4B | 285 |
| Perceptive Credit Opportunities Fund Iii, Lp master | Hedge Fund | Delaware | $1.1B | 151 |
| Perceptive Credit Opportunities Fund Ii, Lp master | Hedge Fund | Delaware | $540M | 123 |
| Perceptive Xontogeny Venture Fund Ii, Lp | Venture Capital Fund | Delaware | $508M | 181 |
| Pcof Phoenix Ii Fund, Lp master | Hedge Fund | Delaware | $207M | 4 |
| Perceptive Xontogeny Venture Fund, Lp | Venture Capital Fund | Delaware | $179M | 134 |
| Lev Lb Holdings, Lp | Private Equity Fund | Delaware | $97.8M | 37 |
| Pcof Eq Aiv Iii, Lp master | Other Private Fund | Delaware | $7.0M | 101 |
| Perceptive Ls (A), Llc | Private Equity Fund | Delaware | $6.8M | 5 |
| Pcof Eq Aiv Ii, Lp master | Other Private Fund | Delaware | $4.0M | 48 |
| Px Venture (C), Llc | Private Equity Fund | Delaware | $3.9M | 1 |
| Perceptive Sp (C), Lp | Private Equity Fund | Delaware | $3.9M | 5 |
| Px Venture (A), Llc | Private Equity Fund | Delaware | $2.1M | 5 |
| Px Venture (B), Llc | Private Equity Fund | Delaware | $416K | 15 |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Edelman, Joseph, Eric | Chief Executive Officer And Portfolio Manager | Dec 2000 (26y) | 75% or more | |
| Mannix, James, Henry | Chief Operating Officer | Dec 2006 (20y) | Less than 5% | |
| Fierro, Peter, William | Chief Financial Officer | Jul 2007 (19y) | Less than 5% | |
| Rakitin, Alexander, Nmn | Chief Compliance Officer | Oct 2017 (9y) | Less than 5% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
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 (20, $9.6B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Perceptive Life Sciences Master Fund, Ltd | Hedge Fund | $5.6B | $1.0M | 400 |
| Perceptive Credit Opportunities Fund Iv, Lp | Hedge Fund | $1.4B | $5.0M | 285 |
| Perceptive Credit Opportunities Fund Iii, Lp | Hedge Fund | $1.1B | $5.0M | 151 |
| Perceptive Credit Opportunities Fund Ii, Lp | Hedge Fund | $540M | $5.0M | 123 |
| Perceptive Xontogeny Venture Fund Ii, Lp | Venture Capital Fund | $508M | $500K | 181 |
| Pcof Phoenix Ii Fund, Lp | Hedge Fund | $207M | $5.0M | 4 |
| Perceptive Xontogeny Venture Fund, Lp | Venture Capital Fund | $179M | $500K | 134 |
| Lev Lb Holdings, Lp | Private Equity Fund | $97.8M | $0 | 37 |
| Pcof Eq Aiv Iii, Lp | Other Private Fund | $7.0M | $0 | 101 |
| Perceptive Ls (A), Llc | Private Equity Fund | $6.8M | $0 | 5 |
| Pcof Eq Aiv Ii, Lp | Other Private Fund | $4.0M | $0 | 48 |
| Px Venture (C), Llc | Private Equity Fund | $3.9M | $0 | 1 |
| Perceptive Sp (C), Lp | Private Equity Fund | $3.9M | $0 | 5 |
| Px Venture (A), Llc | Private Equity Fund | $2.1M | $0 | 5 |
| Px Venture (B), Llc | Private Equity Fund | $416K | $0 | 15 |
| Perceptive Sp (E), Lp | Private Equity Fund | $7.5K | $0 | 1 |
| Perceptive Discovery Fund A Lp | Private Equity Fund | $0 | $1.0M | 0 |
| Pcof Eq Aiv Iv, Lp | Other Private Fund | $0 | $0 | 118 |
| Perceptive Discovery Fund Lp | Private Equity Fund | $0 | $1.0M | 0 |
| Pcof Phoenix Ii Aiv Iii, Lp | Other Private Fund | $0 | $0 | 1 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 07/13/2026 | 5.67 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: SEC ALLEGED THE APPLICANT FAILED (1) TO DISCLOSE CERTAIN CONFLICTS OF INTEREST REGARDING ITS PERSONNEL'S CO-INVESTMENT WITH CERTAIN OF THE APPLICANT'S FUNDS IN THE SPONSORS OF SPACS IN WHICH THE APPLICANT ADVISED ITS CLIENTS TO INVEST AND (2) FAILED TO TIMELY FILE A REQUIRED REPORT ON SCHEDULE 13D CONCERNING ITS BENEFICIAL OWNERSHIP OF STOCK IN A PUBLIC COMPANY. Status: Final Sanction Detail: THE APPLICANT CONSENTED TO THE SEC'S ORDER FINDING IT VIOLATED SECTIONS 206(2) AND 206(4) OF THE INVESTMENT ADVISERS ACT OF 1940 AND RULES 206(4)-7 AND 206(4)-8, AS WELL AS SECTION 13(D) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULE 13D-1. WITHOUT ADMITTING OR DENYING THE FINDINGS THE APPLICANT AGREED TO A CEASE-AND-DESIST ORDER, A CENSURE AND $1.5 MILLION PENALTY PAID BY THE APPLICANT ON [DATE] TO SETTLE THE CHARGES. Summary: THE SEC MATTER WAS SETTLED ON SEPTEMBER 6, 2022 PURSUANT TO THE ORDER DESCRIBED ABOVE.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Other services
Custody
Reported custodians
- Bofa Securities, Inc. $15.4M (0% of AUM) Jul 2026
- Merrill Lynch $14.5M (0% of AUM) Aug 2024
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: Jul 13, 2026.
View current Form ADV (SEC/IAPD) ↗