{"url":"https://nivawealth.com/firms/invus-financial-advisors-161603","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/161603","regulatoryAum":16486047377,"crd":"161603","secFileNumber":"801-73756","legalName":"Invus Financial Advisors, LLC","displayName":"Invus Financial Advisors","website":"https://www.invus.com","linkedinUrl":"https://www.linkedin.com/company/invus-opportunities/","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"126 East 56th Street, 20th Floor","city":"New York","state":"NY","stateName":"New York","country":"United States","postalCode":"10022"},"tradeNames":[],"registration":{"secApproved":"30 March 2012","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":70,"advisory":43,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":13847339768,"discretionaryAccounts":36,"nonDiscretionary":2638707609,"nonDiscretionaryAccounts":1,"wrapProgram":null,"nonUsClientsPct":59,"nonAumClients":9},"clientTypes":[{"label":"Pooled investment vehicles","clients":35,"regulatoryAum":8947926511},{"label":"Other","clients":2,"regulatoryAum":7538120866}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Goldman Sachs & Co. LLC","shortName":"Goldman Sachs &","location":"New York, NY","smaAssets":2448237177}],"custodyNote":"Invus Financial Advisors has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Sacha Lainovic","title":"President","crd":"6023420"},{"name":"Leslie Lake","title":"Vice President, Secretary, Treasurer","crd":"1677686"},{"name":"Carmen Taton","title":"Chief Financial Officer","crd":"5664840"},{"name":"Philip Bafundo","title":"Chief Compliance Officer","crd":"1736806"}],"ownership":[{"label":"Invus Alternative Assets Advisors, LLC","detail":"Member in the 10% to 25% ownership band and a control person, since January 2007."},{"label":"Peconic, L.L.C.","detail":"Member in the 25% to 50% ownership band and a control person, since January 2007."},{"label":"Xeg, LLC","detail":"Member in the 25% to 50% ownership band and a control person, since January 2007."},{"label":"Siren, L.L.C.","detail":"Indirect owner: a managing member of Invus Alternative Assets Advisors, LLC in the 75% or more band and a control person, since July 2024.","parent":"Invus Alternative Assets Advisors, LLC"},{"label":"Raymond Debbane","detail":"Indirect owner: a managing member of Siren, L.L.C. in the 75% or more band and a control person, since March 2021.","parent":"Siren, L.L.C."},{"label":"Sacha Lainovic","detail":"Indirect owner: a managing member of Peconic, L.L.C. in the 75% or more band and a control person, since June 2000.","parent":"Peconic, L.L.C."},{"label":"Leslie Lake","detail":"Indirect owner: a managing member of Xeg, LLC in the 75% or more band and a control person, since February 2007.","parent":"Xeg, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[{"state":"New York","offices":1,"addresses":[{"street":"126 East 56th Street, 20th Floor","city":"New York","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"212-616-2555","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Performance-based fees","Other"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Selection of other advisers (including private fund managers)","Other"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":62},{"label":"Derivatives","percent":2},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":2},{"label":"Cash and cash equivalents","percent":4},{"label":"Other","percent":30,"detail":"Direct Investments in Publicly Traded and Private Companies."}],"privateFunds":26},"sources":{"adv1FilingDate":"29 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/161603/PDF/161603.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Invus Financial Advisors have?","answer":"Invus Financial Advisors has 37 clients and manages $16.5 billion for them, as of July 2026. They include 35 pooled investment vehicles and 2 other clients.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 29 July 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Invus Financial Advisors offer?","answer":"Invus Financial Advisors provides portfolio management for pooled vehicles, selecting other managers and other activities.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Invus Financial Advisors use?","answer":"Invus Financial Advisors’ separately managed account assets are held at Goldman Sachs & Co. LLC (New York, NY), with $2,448,237,177. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 29 July 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Invus Financial Advisors have?","answer":"Invus Financial Advisors has 0 investment adviser representatives registered with state securities authorities, out of 70 employees, and 43 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Invus Financial Advisors invest in?","answer":"At the end of its last fiscal year, Invus Financial Advisors’ separately managed accounts held 62% exchange-traded equities, 30% direct investments in publicly traded and private companies., 4% cash and equivalents, 2% derivatives and 2% pooled vehicles (private funds and similar). It advises 26 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Invus Financial Advisors?","answer":"Invus Financial Advisors is owned through a chain of holding companies by Raymond Debbane, Sacha Lainovic and Leslie Lake. Its direct owners are Invus Alternative Assets Advisors, LLC, Peconic, L.L.C. and Xeg, LLC, each holding 50% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 29 July 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Invus Financial Advisors get paid?","answer":"Invus Financial Advisors is paid through a percentage of assets under management, fixed fees, 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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}