Driehaus Capital Management Llc
SEC-registered
Investment Adviser · Large ($10B–$100B)
CRD 105757
· SEC file 801-18439
· Chicago, IL
· www.facebook.com
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ADV data as of May 08, 2026
- Regulatory AUM
- $26.1B
- Discretionary
- $26.1B
- Clients
- 90
- Avg AUM / client
- $290M
- Accounts
- 90
- Employees
- 82
AUM over time
$6.5B
$26.1B
Nov 2011
May 2026
Annual snapshots from Form ADV filings · as of May 08, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 1 | $2.9M | 0.01% |
| Investment companies | 18 | $10.3B | 39.4% |
| Pooled investment vehicles (non-investment companies) | 23 | $8.0B | 30.5% |
| Pension and profit sharing plans | 11 | $1.3B | 4.9% |
| Charitable organizations | 7 | $281M | 1.08% |
| State or municipal government entities | 7 | $5.1B | 19.5% |
| Insurance companies | 1 | $12.0M | 0.05% |
| Corporations and other businesses | 22 | $1.2B | 4.52% |
Private funds (4)
Reported in Form ADV Section 7.B.(1), filing of May 2024 · $621M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Driehaus Emerging Markets Fund, L.P. | Other Private Fund | Delaware | $310M | 5 |
| Driehaus Life Sciences Master Fund, L.P. master | Hedge Fund | Cayman Islands | $227M | 74 |
| Driehaus Life Sciences (Qp) Fund, L.P. | Hedge Fund | Delaware | $75.6M | 5 |
| Driehaus Associates Fund | Hedge Fund | Illinois | $7.8M | 18 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| New England Teamsters Pension Fund New England Teamsters Pension Fund | Burlington, MA | 2024 |
| Michigan Laborers' Pension Plan Board Of Trustees Michigan Laborers' Pension Fund | 2024 | |
| Michigan Laborers' Annuity Fund Board Of Trustees, Michigan Laborers' Annuity Fund | 2024 | |
| Retirement Plan For Hourly And Salaried Employees Of Donsco, Inc. Donsco, Inc. | 2024 | |
| Carpenters Pension Trust Fund Of St. Louis Trustees Of Carpenters Benefit Plans Of St. Louis | St. Louis, MO | 2024 |
| Walmart 401(k) Plan Walmart Inc. | 2024 | |
| Iam National Pension Fund Board Of Trustees Of The I.A.M. National Pension Fund | 2024 | |
| Nxp 401(k) Retirement Plan Nxp Usa, Inc. | 2024 | |
| New York State Nurses Association Pension Plan Board Of Trustees New York State Nurses Association Pension Plan | Albany, NY | 2024 |
| The Southern Company Pension Plan Southern Company Services, Inc. | 2024 | |
| 32 Bj North Pension Fund Board Of Trustees 32 Bj North Pension Fund | 2024 |
People (5)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Seftenberg, Thomas, Mc Kean | Head Of Global Distribution | Jan 2011 (16y) | Less than 5% | |
| Mcwilliams, Janet, Lynn | General Counsel And Secretary | Mar 2012 (14y) | Less than 5% | |
| Kurinsky, Robert, Michael | Chief Financial Officer, Chief Operating Officer And Treasurer | Jan 2019 (8y) | Less than 5% | |
| Kochevar, Anne, Steele | Chief Compliance Officer | Jul 2019 (7y) | Less than 5% | |
| Weber, Stephen, Thomas | President And Ceo | Feb 2020 (7y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Driehaus Capital Holdings Lllp | Member | Jan 2006 | A | 75% or more |
| Dtc Ownership Trust | Member | Dec 2012 | B | 75% or more of Driehaus Trust Company, Llc (indirect) |
| The Richard H. Driehaus 2003 Revocable Trust | Limited Partner | Apr 2010 | B | ≈ 37.5% – 75% via Driehaus Capital Holdings Lllp |
| Richard H. Driehaus Family Benefit Trust | Limited Partner | Jun 2006 | B | ≈ 18.75% – 50% via Driehaus Capital Holdings Lllp |
| Driehaus Trust Company, Llc | Trustee | Dec 2012 | B | GP / trustee / elected manager of Richard H. Driehaus Family Benefit Trust (indirect) |
| Rhd Holdings Llc | General Partner | Mar 2015 | B | GP / trustee / elected manager of Driehaus Capital Holdings Lllp (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- The Richard H. Driehaus 2003 Revocable Trust: 50% – 75% of Driehaus Capital Holdings Lllp × 75% – 100% direct ≈ 37.5% – 75% of the firm
- Richard H. Driehaus Family Benefit Trust: 25% – 50% of Driehaus Capital Holdings Lllp × 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 (4, $621M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Driehaus Emerging Markets Fund, L.P. | Other Private Fund | $310M | $5.0M | 5 |
| Driehaus Life Sciences Master Fund, L.P. | Hedge Fund | $227M | $1.0M | 74 |
| Driehaus Life Sciences (Qp) Fund, L.P. | Hedge Fund | $75.6M | $1.0M | 5 |
| Driehaus Associates Fund | Hedge Fund | $7.8M | $50.0K | 18 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (11)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| New England Teamsters Pension Fund | New England Teamsters Pension Fund | 21,670 | $9.1B | 10/01/2024 |
| Michigan Laborers' Pension Plan | Board Of Trustees Michigan Laborers' Pension Fund | 12,152 | $1.3B | 09/01/2024 |
| Michigan Laborers' Annuity Fund | Board Of Trustees, Michigan Laborers' Annuity Fund | 5,315 | $129M | 09/01/2024 |
| Retirement Plan For Hourly And Salaried Employees Of Donsco, Inc. | Donsco, Inc. | 98 | $11.7M | 07/01/2024 |
| Carpenters Pension Trust Fund Of St. Louis | Trustees Of Carpenters Benefit Plans Of St. Louis | 11,875 | $3.4B | 05/01/2024 |
| Walmart 401(k) Plan | Walmart Inc. | 1,670,732 | $50.8B | 02/01/2024 |
| Iam National Pension Fund | Board Of Trustees Of The I.A.M. National Pension Fund | 102,863 | $15.0B | 01/01/2024 |
| Nxp 401(k) Retirement Plan | Nxp Usa, Inc. | 4,779 | $3.8B | 01/01/2024 |
| New York State Nurses Association Pension Plan | Board Of Trustees New York State Nurses Association Pension Plan | 22,140 | $5.9B | 01/01/2024 |
| The Southern Company Pension Plan | Southern Company Services, Inc. | 26,369 | $15.3B | 01/01/2024 |
| 32 Bj North Pension Fund | Board Of Trustees 32 Bj North Pension Fund | 5,786 | $529M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/08/2026 | 2.18 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 individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- BNY Mellon $4.2B (16% of AUM) May 2026
- State Street $1.7B (7% of AUM) May 2026
- Northern Trust $893M (3% of AUM) May 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: May 08, 2026.
View current Form ADV (SEC/IAPD) ↗