Discovery Capital Management, Llc
- Regulatory AUM
- $6.7B
- Discretionary
- $6.7B
- Clients
- 15
- Avg AUM / client
- $450M
- Accounts
- 15
- Employees
- 36
AUM over time
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) | 15 | $6.7B | 100.0% |
Private funds (17)
View all →Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $3.7B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Discovery Global Opportunity Master Fund, Ltd. master | Hedge Fund | Cayman Islands | $2.0B | 66 |
| Discovery Global Opportunity Partners, Lp feeder | Hedge Fund | Delaware | $938M | 47 |
| Dg Ant Lp master | Private Equity Fund | Delaware | $147M | 15 |
| Discovery Global Beacon Partners Lp | Hedge Fund | Delaware | $144M | 5 |
| Discovery Global Opportunity Fund, Ltd. feeder | Hedge Fund | Cayman Islands | $125M | 19 |
| Dbh1 Lp | Private Equity Fund | Delaware | $110M | 42 |
| Dsf1 Lp master | Private Equity Fund | Delaware | $44.3M | 25 |
| Dsf1 (Cayman) Lp feeder | Private Equity Fund | Cayman Islands | $30.9M | 4 |
| Dg Ptm Lp master | Private Equity Fund | Delaware | $26.9M | 13 |
| Dg Avc 2.5 Lp master | Private Equity Fund | Delaware | $17.9M | 8 |
| Dsf2 Lp | Private Equity Fund | Delaware | $17.5M | 27 |
| Dg Ant (Cayman) Lp feeder | Private Equity Fund | Cayman Islands | $12.2M | 1 |
| Discovery Special Opportunities Iii Master Fund, Ltd. master | Hedge Fund | Cayman Islands | $11.2M | 7 |
| Discovery Special Opportunities Iii, Lp feeder | Hedge Fund | Delaware | $9.2M | 6 |
| Dg Avc 2.5 (Cayman) Lp feeder | Private Equity Fund | Cayman Islands | $2.7M | 1 |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Citrone, Robert, Kenneth | Principal | Apr 1999 (27y) | ≈ 56.25% – 100% via Discovery Capital Management Holding Co., Lp | |
| Schreck, Adam, (Nmn) | General Counsel/Chief Compliance Officer | Feb 2011 (16y) | Less than 5% | |
| Gismondi, Michael, Anthony | Chief Operating Officer | Jan 2013 (14y) | Less than 5% | |
| Squitieri, Nicholas, Michael | Chief Financial Officer | Nov 2016 (10y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Discovery Capital Management Holding Co., Lp | Managing Member | Jan 2017 | A | 75% or more |
| Discovery Capital Management Holding Co. Gp, Llc | General Partner | Jan 2017 | B | GP / trustee / elected manager of Discovery Capital Management Holding Co., Lp (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Citrone, Robert, Kenneth: 75% – 100% of Discovery Capital Management Holding Co., Lp × 75% – 100% direct ≈ 56.25% – 100% 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, $3.7B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Discovery Global Opportunity Master Fund, Ltd. | Hedge Fund | $2.0B | $1.0M | 66 |
| Discovery Global Opportunity Partners, Lp | Hedge Fund | $938M | $1.0M | 47 |
| Dg Ant Lp | Private Equity Fund | $147M | $1.0M | 15 |
| Discovery Global Beacon Partners Lp | Hedge Fund | $144M | $1.0M | 5 |
| Discovery Global Opportunity Fund, Ltd. | Hedge Fund | $125M | $1.0M | 19 |
| Dbh1 Lp | Private Equity Fund | $110M | $1.0M | 42 |
| Dsf1 Lp | Private Equity Fund | $44.3M | $5.0M | 25 |
| Dsf1 (Cayman) Lp | Private Equity Fund | $30.9M | $5.0M | 4 |
| Dg Ptm Lp | Private Equity Fund | $26.9M | $1.0M | 13 |
| Dg Avc 2.5 Lp | Private Equity Fund | $17.9M | $1.0M | 8 |
| Dsf2 Lp | Private Equity Fund | $17.5M | $5.0M | 27 |
| Dg Ant (Cayman) Lp | Private Equity Fund | $12.2M | $1.0M | 1 |
| Discovery Special Opportunities Iii Master Fund, Ltd. | Hedge Fund | $11.2M | $1.0M | 7 |
| Discovery Special Opportunities Iii, Lp | Hedge Fund | $9.2M | $1.0M | 6 |
| Dg Avc 2.5 (Cayman) Lp | Private Equity Fund | $2.7M | $1.0M | 1 |
| Discovery Special Opportunities Iii, Ltd. | Hedge Fund | $1.7M | $1.0M | 1 |
| Dg Ptm (Cayman) Lp | Private Equity Fund | $659K | $1.0M | 2 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 4.72 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: THE BRAZILIAN SECURITIES AND EXCHANGE COMMISSION (COMISSAO DE VALORES MOBILIARIOS - THE "CVM") FILED A REQUEST FOR DISCOVERY TO PROVIDE A DEFENSE REGARDING DISCLOSURE RELATING TO THE ACQUISITION OF EQUITY PARTICIPATION BY FUNDS MANAGED BY DISCOVERY. DISCOVERY MAINTAINS ITS BELIEF THAT IT ACTED IN ACCORDANCE WITH THE APPLICABLE REGULATORY REQUIREMENTS AND ACTED UNDER ADVICE FROM BRAZILIAN LEGAL COUNSEL. Status: Final Sanction Detail: IN ACCEPTING THE SETTLEMENT AGREEMENT, DISCOVERY MADE A PAYMENT OF APPROXIMATELY US$ 90,000 TO THE CVM ON SEPTEMBER 29,2016. Summary: THE MATTER HAS BEEN DISMISSED. THE CVM AND DISCOVERY EXECUTED A SETTLEMENT AGREEMENT IN WHICH NO DECISION WAS RENDERED ON THE MERITS OF THE ALLEGATIONS AND CVM AND DISCOVERY ACKNOWLEDED THAT NO CONFESSION OF ANY WRONGDOING OR IRREGULARITIES IN DISCOVERY'S PAST PRACTICES OCCURRED. IN ACCEPTING THE SETTLEMENT AGREEMENT, DISCOVERY AGREED TO A PAYMENT OF APPROXIMATELY US$ 90,000 TO THE CVM. THE CVM RELEASED FINAL NOTICE OF THE DISMISSAL OF THE MATTER ON DECEMBER 21, 2016.
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
Custody
Reported custodians
- Credit Suisse Securities (Usa) Llc $70.4M (2% of AUM) Dec 2020
- Morgan Stanley $11.7M (0% of AUM) Dec 2020
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) ↗