Frazier Management, L.L.C.

SEC-registered Private Fund Manager · Mid-sized ($1B–$10B) CRD 157324 · SEC file 801-81162 · Seattle, WA · WWW.LINKEDIN.COM

☆ Save with Pro ADV data as of Jun 18, 2026

Regulatory AUM: $7.7B
Discretionary: $7.7B
Clients: 25
Avg AUM / client: $309M
Accounts: 25
Employees: 100

AUM over time

$1.3B $7.7B

Dec 2014 Jun 2026

Annual snapshots from Form ADV filings · as of Jun 18, 2026

Who they serve

Client type	Clients	AUM	% of AUM
Pooled investment vehicles (non-investment companies)	25	$7.7B	100.0%

Private funds (17)

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Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $4.7B combined gross assets

Fund	Type	Domicile	Gross assets	Owners
Frazier Healthcare Growth Buyout Fund Ix, L.P.	Private Equity Fund	Delaware	$1.1B	116
Fh Sunrise Co Investment I, Lp	Private Equity Fund	Delaware	$715M	43
Fh Csf Holdings, Llc	Private Equity Fund	Delaware	$651M	40
Frazier Healthcare Growth Buyout Fund X, L.P.	Private Equity Fund	Delaware	$430M	100
Frazier Healthcare Growth Buyout Fund X Pv, L.P.	Private Equity Fund	Delaware	$420M	46
Frazier Healthcare Growth Buyout Fund Ix Pv, L.P.	Private Equity Fund	Delaware	$338M	26
Frazier Healthcare Growth Buyout Fund Viii, L.P.	Private Equity Fund	Delaware	$337M	48
Mercury Fortuna Buyer, Llc	Private Equity Fund	Delaware	$225M	17
Frazier Healthcare Growth Buyout Fund Viii Pv, L.P.	Private Equity Fund	Delaware	$173M	23
Frazier Healthcare Vii, L.P.	Private Equity Fund	Delaware	$88.6M	39
Frazier Healthcare Vi, L.P.	Venture Capital Fund	Delaware	$73.7M	56
Frazier Pacific Partner, Lp	Private Equity Fund	Delaware	$61.3M	2
Frazier Healthcare Vii A, L.P.	Private Equity Fund	Delaware	$25.3M	5
Frazier Healthcare Growth Buyout Affiliates Ix, L.P.	Private Equity Fund	Delaware	$12.0M	35
Frazier Healthcare Growth Buyout Affiliates X, L.P.	Private Equity Fund	Delaware	$8.2M	70

People (5)

Name	Role / title	With firm since	Ownership
Naini, Nader, Jafari	Sole Shareholder	Jun 1992 (34y)	≈ 18.75% – 50% via Alki Fund, Inc.
Bailey, Steve, Ray	Chief Financial Officer & Chief Compliance Officer	Jun 2003 (23y)	Less than 5%
Every, Nathan, Robert	General Partner	Apr 2014 (12y)	≈ 18.75% – 50% via Desert Mountain Llc
Magnano, Ben, Joseph	Managing Partner	Jan 2016 (11y)	≈ 18.75% – 50% via Bjm Washington Holdings Llc
Morfitt, Brian, Kingston	General Partner	Jan 2016 (11y)	Less than 5%

Entity owners (Schedule A/B)

Entity	Title / status	Since	Sch.	Ownership
Alki Fund, Inc.	Member	Jun 1992	A	25% – 50%
Bjm Washington Holdings Llc	Member	Jan 2021	A	25% – 50%
Desert Mountain Llc	Member	Jan 2021	A	25% – 50%

Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.

Estimated effective ownership (look-through of filed bands):

Naini, Nader, Jafari: 75% – 100% of Alki Fund, Inc. × 25% – 50% direct ≈ 18.75% – 50% of the firm
Every, Nathan, Robert: 75% – 100% of Desert Mountain Llc × 25% – 50% direct ≈ 18.75% – 50% of the firm
Magnano, Ben, Joseph: 75% – 100% of Bjm Washington Holdings Llc × 25% – 50% 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 (17, $4.7B gross assets)

Fund	Type	Gross assets	Min. investment	Owners
Frazier Healthcare Growth Buyout Fund Ix, L.P.	Private Equity Fund	$1.1B	$5.0M	116
Fh Sunrise Co Investment I, Lp	Private Equity Fund	$715M	$0	43
Fh Csf Holdings, Llc	Private Equity Fund	$651M	$0	40
Frazier Healthcare Growth Buyout Fund X, L.P.	Private Equity Fund	$430M	$5.0M	100
Frazier Healthcare Growth Buyout Fund X Pv, L.P.	Private Equity Fund	$420M	$5.0M	46
Frazier Healthcare Growth Buyout Fund Ix Pv, L.P.	Private Equity Fund	$338M	$5.0M	26
Frazier Healthcare Growth Buyout Fund Viii, L.P.	Private Equity Fund	$337M	$5.0M	48
Mercury Fortuna Buyer, Llc	Private Equity Fund	$225M	$0	17
Frazier Healthcare Growth Buyout Fund Viii Pv, L.P.	Private Equity Fund	$173M	$5.0M	23
Frazier Healthcare Vii, L.P.	Private Equity Fund	$88.6M	$5.0M	39
Frazier Healthcare Vi, L.P.	Venture Capital Fund	$73.7M	$5.0M	56
Frazier Pacific Partner, Lp	Private Equity Fund	$61.3M	$0	2
Frazier Healthcare Vii A, L.P.	Private Equity Fund	$25.3M	$5.0M	5
Frazier Healthcare Growth Buyout Affiliates Ix, L.P.	Private Equity Fund	$12.0M	$100K	35
Frazier Healthcare Growth Buyout Affiliates X, L.P.	Private Equity Fund	$8.2M	$100K	70
Frazier Healthcare Growth Buyout Affiliates Viii, L.P.	Private Equity Fund	$4.9M	$100K	28
Targa Frazier Holdings, Llc	Private Equity Fund	$3.6M	$0	19

From Form ADV Section 7.B private fund reporting.

Documents (1 archived)

Form	Period	Size
Form ADV (full filing)	06/18/2026	6.25 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
• Performance-based fees

Services

• Portfolio management for pooled investment vehicles

Custody

Firm reports it does not have custody of client funds or securities (Item 9.A).

No custodian data reported or mined yet.

Source

All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jun 18, 2026.

View current Form ADV (SEC/IAPD) ↗