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Fig

SEC-registered adviser since 2004New York, NYCRD 129612

$87.3B
AUM
353
Clients
See fees
Fee
432
Advisory staff

From Form ADV filed 19 August 2026 · data retrieved 15 October 2026SEC record

Fig is an investment adviser headquartered in New York, New York, and registered with the SEC since 2004. Its clients include pooled investment vehicles, corporations and other businesses, and insurance companies.

Its services include portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers. Fee arrangements include a percentage of assets under management, performance-based fees and other arrangements. Fortress Operating Entity I L.P. owns 75% or more of Fig, and Andrew McKnight is its CEO.

Clients

Fig serves 353 clients. The average client has about $247 million with the firm.

Regulatory assets by client type
  • Pooled investment vehicles353 clients84%
  • Corporations and other businesses14%
  • OtherPension and profit-sharing plans, Insurance companies2%
Show client breakdown
Pooled investment vehicles
Clients
353
Regulatory AUM
$73,483,764,574
Share
84.2%
Avg. per client
$208.2M
Pension and profit-sharing plans
Clients
Not reported
Regulatory AUM
$64,063
Share
0.0%
Avg. per client
—
Insurance companies
Clients
Not reported
Regulatory AUM
$1,734,814,693
Share
2.0%
Avg. per client
—
Corporations and other businesses
Clients
Not reported
Regulatory AUM
$12,083,327,299
Share
13.8%
Avg. per client
—

Total

Clients
353
Regulatory AUM
$87,301,970,629
Share
100%
Avg. per client
$247.3M

What it does

Fig provides portfolio management for pooled vehicles, portfolio management for institutions, selecting other managers and other activities. It is paid through a percentage of assets, performance-based fees and other arrangements.

Fig advises 347 private funds.

100.0% of assets ($87.30B across 359 accounts) are managed with discretion. 55% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks12%
  • Cash4%
  • Other84%
    • Direct real estate investments, real estate fund units (listed & unlisted), commercial leases, loans, leasing equipment (railcars), operating lease assets, and other assets (prepaid expenses, tax assets and receivables).84%

Custodians

Fig’s client accounts are held mainly at J.P. Morgan, with 2% of managed assets. Fig has custody of $87.30B for 359 clients.

Managed account assets by custodian
  • J.P. MorganJpmorgan Chase Bank, N.A. · New York, NY · $1.73B2%
  • All other custodians$85.57B98%

Ownership and leadership

Fortress Operating Entity I L.P. owns 75% or more of Fig, and Andrew McKnight is its CEO.

Who owns the firm
Fig LLC· the adviser

  • Fortress Operating Entity I L.P.

    Control person · since January 2007

    Owns 75% or more of Fig LLC

Leadership

  • Andrew McKnight
    Co-Chief Executive Officer
  • Jack Neumark
    Co-Chief Executive Officer
  • David Brooks
    Vice President, Secretary, Security Officer and General Counsel
  • Daniel Bass
    Chief Financial Officer
  • Andrew Walsh
    Chief Compliance Officer

Staff

  • 1,004 employees
  • 432 in advisory functions
  • 36 broker-dealer reps

Reported holdings

Fig’s reported 13F holdings total $530.6M across 25 positions, and the ten largest make up 94.9% of it.

$530.6M
Reported 13F value
25
Positions
94.9%
In the 10 largest
+34.8%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. Nextnav Inc.61.0%
  2. Firstsun Cap Bancorp16.1%
  3. iShares Bitcoin Trust ETF · Shs Ben Int8.3%
  4. Playboy Inc.3.4%
  5. Kenvue Inc.1.2%
  6. Liberty Broadband Corp. · Com Ser C1.1%
  7. Penumbra Inc.1.0%
  8. Apogee Therapeutics Inc.1.0%
  9. New Fortress Energy Inc. · Com CL A0.9%
  10. Bio-techne Corp.0.9%

Together, the ten largest are 94.9% of reported value.

The 25 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 $530.6M is not its $87.30B in regulatory assets and does not represent any individual client's portfolio.

Fees

Fig is paid through a percentage of assets under management, performance-based fees and other.

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

Offices and registrations

Besides its headquarters, Fig has 18 offices, with 8 listed addresses across 6 states.

Listed office addresses by state

New York · 2 listed addresses

  • 1345 Avenue of the Americas, 46th Floor, New YorkHQ
  • 111 W 19th Street, New York

Registration details

Legal name
Fig LLC
Headquarters
1345 Avenue of the Americas, 46th Floor, New York, NY 10105
Phone
212-798-6100
Website
Not reported
SEC file
801-62982
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 Fig have?

Fig has 353 clients and manages $87.3 billion for them, as of August 2026.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 19 August 2026

What services does Fig offer?

Fig provides portfolio management for pooled vehicles, portfolio management for institutions, selecting other managers and other activities.

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

Which custodians does Fig use?

Fig’s separately managed account assets are held at Jpmorgan Chase Bank, N.A. (New York, NY), with $1,734,814,693. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 19 August 2026

How many financial advisors does Fig have?

Fig has 0 investment adviser representatives registered with state securities authorities, out of 1,004 employees, and 432 perform investment advisory functions. 36 are registered representatives of a broker-dealer and 0 are 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 Fig invest in?

At the end of its last fiscal year, Fig’s separately managed accounts held 84% direct real estate investments, real estate fund units (listed & unlisted), commercial leases, loans, leasing equipment (railcars), operating lease assets, and other assets (prepaid expenses, tax assets and receivables)., 12% non-exchange-traded equities and 4% cash and equivalents. It advises 347 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 Fig?

Fig is owned through a chain of holding companies by FM Investor Aggregator LP, Peter Briger, Andrew McKnight, Hani Barhoush, Kevin Kokko and 5 others. Its direct owner is Fortress Operating Entity I L.P. (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 19 August 2026

How does Fig get paid?

Fig is paid through a percentage of assets under management, performance-based fees and other arrangements. 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 19 August 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 129612.
  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 Fig LLC 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.