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Farallon Capital Management

SEC-registered adviser since 1996San Francisco, CACRD 107322

$52.1B
AUM
66
Clients
See fees
Fee
129
Advisory staff

From Form ADV filed 23 September 2026 · data retrieved 15 October 2026SEC record

Farallon Capital Management is an investment adviser headquartered in San Francisco, California, and registered with the SEC since 1996. Its clients include pooled investment vehicles and other clients.

Its services include portfolio management for pooled vehicles and portfolio management for institutions. Fee arrangements include a percentage of assets under management and performance-based fees. Farallon Capital Management, L.P. owns 75% or more of Farallon Capital Management.

Clients

Farallon Capital Management serves 66 clients. The average client has about $789 million with the firm.

Regulatory assets by client type
  • Pooled investment vehicles66 clients100%
  • Other0%
Show client breakdown
Pooled investment vehicles
Clients
66
Regulatory AUM
$52,004,485,000
Share
99.9%
Avg. per client
$787.9M
Other
Clients
Not reported
Regulatory AUM
$72,414,000
Share
0.1%
Avg. per client
—

Total

Clients
66
Regulatory AUM
$52,076,899,000
Share
100%
Avg. per client
$789.0M

What it does

Farallon Capital Management provides portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.

Farallon Capital Management advises 50 private funds.

100.0% of assets ($52.08B across 67 accounts) are managed with discretion. 63% of clients are outside the U.S., and 1 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Cash1%
  • Other99%
    • Generally private equity and debt investments.99%

Custodians

Farallon Capital Management has custody of $49.30B for 67 clients.

Managed account assets by custodian
  • All other custodians$52.08B100%

Ownership and leadership

Farallon Capital Management, L.P. owns 75% or more of Farallon Capital Management.

Who owns the firm
Farallon Capital Management, L.L.C.· the adviser

  • Farallon Capital Management, L.P.

    Control person · since April 2018

    Owns 75% or more of Farallon Capital Management, L.L.C.

Leadership

  • Cameron Hillyer
    Chief Financial Officer & Managing Member (1/21)
  • Mark Wehrly
    Managing Member, Special Counsel & Chief Operating Officer (7/2014)
  • Kirstin Lynch
    Chief Compliance Officer
  • Richard Bollini II
    Managing Member
  • Colby Clark
    Managing Member
  • Joshua Dapice
    Managing Member
  • Philip Dreyfuss
    Managing Member
  • Hannah Dunn
    Managing Member & General Counsel
  • Varun Gehani
    Managing Member
  • Nicolas Giauque
    Managing Partner and Senior Managing Member (4/2025)
  • Avner Husen
    Managing Member
  • David Kim
    Managing Member
  • Michael Linn
    Managing Member
  • Cheng Luo
    Managing Member
  • David Posner
    Managing Member
  • Thomas Roberts
    Managing Member
  • Edric Saito
    Managing Member
  • Daniel Short
    Managing Member
  • Andrew Spokes
    Managing Member
  • Matthew Trentini
    Managing Member
  • John Warren
    Managing Member

Staff

  • 355 employees
  • 129 in advisory functions

Reported holdings

Farallon Capital Management’s reported 13F holdings total $21.68B across 89 positions, and the ten largest make up 62.1% of it.

$21.68B
Reported 13F value
89
Positions
62.1%
In the 10 largest
+13.7%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. State Str SPDR S&P 500 ETF T · TR UnitPut20.7%
  2. Revolution Medicines Inc.11.7%
  3. Electronic Arts Inc.7.5%
  4. Bridgebio Pharma Inc.3.7%
  5. Protagonist Therapeutics Inc.3.6%
  6. Exelixis Inc.3.4%
  7. Liquidia Corporation3.1%
  8. Amazon Com Inc.2.9%
  9. Lantheus Hldgs Inc.2.9%
  10. Natera Inc.2.8%

Together, the ten largest are 62.1% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 14 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $21.68B is not its $52.08B in regulatory assets and does not represent any individual client's portfolio.

Fees

Farallon Capital Management is paid through a percentage of assets under management and performance-based fees.

Farallon Capital Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Farallon Capital Management has 1 office, with 2 listed addresses across 2 states.

Listed office addresses by state

California · 1 listed address

  • One Maritime Plaza, Suite 2100, San FranciscoHQ

Registration details

Legal name
Farallon Capital Management, L.L.C.
Headquarters
One Maritime Plaza, Suite 2100, San Francisco, CA 94111
Phone
415-421-2132
Website
www.faralloncapital.com
SEC file
801-51763
Structure
Delaware LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Farallon Capital Management have?

Farallon Capital Management has 66 clients and manages $52.1 billion for them, as of September 2026.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 23 September 2026

What services does Farallon Capital Management offer?

Farallon Capital Management provides portfolio management for pooled vehicles and portfolio management for institutions.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does Farallon Capital Management have?

Farallon Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 355 employees, and 129 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Farallon Capital Management invest in?

At the end of its last fiscal year, Farallon Capital Management’s separately managed accounts held 99% generally private equity and debt investments. and 1% cash and equivalents. It advises 50 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Farallon Capital Management?

Farallon Capital Management is owned through a holding company by Andrew Spokes. Its direct owner is Farallon Capital Management, L.P. (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 23 September 2026

How does Farallon Capital Management get paid?

Farallon Capital Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 23 September 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 107322.
  3. Form 13F-HR, filed 14 August 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Farallon Capital Management, L.L.C. and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.