Matthews International Capital Management, Llc
SEC-registered
Mutual Fund / Asset Manager · Mid-sized ($1B–$10B)
CRD 106054
· SEC file 801-52871
· San Francisco, CA
· MATTHEWSASIA.COM
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ADV data as of Jul 29, 2026
- Regulatory AUM
- $6.6B
- Discretionary
- $6.6B
- Clients
- 38
- Avg AUM / client
- $175M
- Accounts
- 38
- Employees
- 83
AUM over time
$6.6B
$34.0B
Dec 2011
Jul 2026
Annual snapshots from Form ADV filings · as of Jul 29, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 24 | $5.1B | 76.9% |
| Pooled investment vehicles (non-investment companies) | 14 | $1.5B | 23.1% |
Private funds (4)
Reported in Form ADV Section 7.B.(1), filing of Dec 2024 · $133M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Matthews Asia Institutional Funds Llc Asia Ex China Equity Series | Other Private Fund | Delaware | $67.1M | 1 |
| Matthews Asia Institutional Funds Llc Japan Opportunities Series | Other Private Fund | Delaware | $61.9M | 7 |
| Matthews Asia Institutional Funds, Llc China A Share Series | Other Private Fund | Delaware | $4.1M | 11 |
| Matthews Asian Selections Funds Plc | Other Private Fund | Ireland | $0 | 0 |
People (12)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Headley, Mark, Wold | Member | Apr 2009 (17y) | 5% – 10% | |
| Matthews, Gordon, Paul | Director/Member | Apr 2009 (17y) | 5% – 10% | |
| Lovell, Jeffrey, Dale | Director | Jan 2011 (16y) | Less than 5% | |
| Kast, John, David | Global Head Of Risk And Compliance/Chief Compliance Officer/Member | Aug 2017 (9y) | Less than 5% | |
| Noriega Lum, Theresa | Chief Financial Officer | Jan 2020 (7y) | Less than 5% | |
| Segal, Deborah, C | Director/Member | Apr 2021 (5y) | Less than 5% | |
| Abbott, James, Cooper | Chief Executive Officer/Director/Member | Jun 2022 (4y) | Less than 5% | |
| Damre Smith, Deepa | General Counsel/Secretary/Member | Jul 2022 (4y) | Less than 5% | |
| Matthews, Deborah, K. | Member | Jan 2023 (4y) | 5% – 10% | |
| Sato, Noriyuki | Director | Apr 2023 (3y) | Less than 5% | |
| Taylor, Sean | Chief Investment Officer/Member | Jan 2024 (3y) | Less than 5% | |
| Doll, Christopher, M | Chairman/Director | Apr 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Rbc Usa Holdco Corporation | Member | Nov 2015 | A | 10% – 25% |
| Lm Matthews Holdings Iii Llc | Member | Jan 2011 | A | 10% – 25% |
| Mizuho Bank, Ltd. | Member | Feb 2016 | A | 10% – 25% |
| Lm Matthews Holdings Iii A Llc | Member | Jan 2011 | A | 5% – 10% |
| Lovell Minnick Holdings Llc | Sole Managing Member | May 2008 | B | 75% or more of Lovell Minnick Partners Llc (indirect) |
| Lovell Minnick Partners Llc | Sole Managing Member | Sep 2008 | B | 75% or more of Fund Iii Ugp Llc (indirect) |
| Fund Iii Ugp Llc | Sole General Partner | Sep 2008 | B | 75% or more of Lovell Minnick Equity Advisors Iii Lp (indirect) |
| Lovell Minnick Equity Partners Iii A Lp | Sole Shareholder | Jan 2011 | B | ≈ 2.11% – 10% via Micm Investment Holdings Inc. |
| Micm Investment Holdings Inc. | Sole Limited Partner | Jan 2011 | B | ≈ 2.81% – 10% via Micm Investment Partnership Lp |
| Micm Investment Partnership Lp | Sole Managing Member | Jan 2011 | B | ≈ 3.75% – 10% via Lm Matthews Holdings Iii A Llc |
| Royal Bank Of Canada | Parent | Nov 2015 | B | ≈ 7.5% – 25% via Rbc Usa Holdco Corporation |
| Mizuho Financial Group, Inc. | Parent | Feb 2016 | B | ≈ 7.5% – 25% via Mizuho Bank, Ltd. |
| Lovell Minnick Equity Partners Iii Lp | Sole Managing Member | Jan 2011 | B | ≈ 5% – 18.75% via Lm Matthews Holdings Iii Llc |
| Lovell Minnick Equity Advisors Iii Lp | Sole General Partner | Jan 2011 | B | GP / trustee / elected manager of Lovell Minnick Equity Partners Iii Lp (indirect) |
| Lovell Minnick Equity Advisor Iii Lp | Sole General Partner | Jan 2011 | B | GP / trustee / elected manager of Micm Investment Partnership Lp (indirect) |
Undisclosed: 0% – 50% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Lovell Minnick Equity Partners Iii A Lp: 75% – 100% of Micm Investment Holdings Inc. × 75% – 100% of Micm Investment Partnership Lp × 75% – 100% of Lm Matthews Holdings Iii A Llc × 5% – 10% direct ≈ 2.11% – 10% of the firm
- Micm Investment Holdings Inc.: 75% – 100% of Micm Investment Partnership Lp × 75% – 100% of Lm Matthews Holdings Iii A Llc × 5% – 10% direct ≈ 2.81% – 10% of the firm
- Micm Investment Partnership Lp: 75% – 100% of Lm Matthews Holdings Iii A Llc × 5% – 10% direct ≈ 3.75% – 10% of the firm
- Royal Bank Of Canada: 75% – 100% of Rbc Usa Holdco Corporation × 10% – 25% direct ≈ 7.5% – 25% of the firm
- Mizuho Financial Group, Inc.: 75% – 100% of Mizuho Bank, Ltd. × 10% – 25% direct ≈ 7.5% – 25% of the firm
- Lovell Minnick Equity Partners Iii Lp: 50% – 75% of Lm Matthews Holdings Iii Llc × 10% – 25% direct ≈ 5% – 18.75% 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, $133M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Matthews Asia Institutional Funds Llc Asia Ex China Equity Series | Other Private Fund | $67.1M | $5.0M | 1 |
| Matthews Asia Institutional Funds Llc Japan Opportunities Series | Other Private Fund | $61.9M | $5.0M | 7 |
| Matthews Asia Institutional Funds, Llc China A Share Series | Other Private Fund | $4.1M | $100K | 11 |
| Matthews Asian Selections Funds Plc | Other Private Fund | $0 | $100K | 0 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 1.5 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
Services
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- State Street $293M (1% of AUM) May 2020
- BNY Mellon $144M (1% of AUM) Dec 2019
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 29, 2026.
View current Form ADV (SEC/IAPD) ↗