{"url":"https://nivawealth.com/firms/kora-management-172534","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/172534","regulatoryAum":1960658398,"crd":"172534","history":[{"filedOn":"2021-03-29","regulatoryAum":2255254268,"clients":7,"employees":24,"offices":2},{"filedOn":"2022-03-29","regulatoryAum":3027387895,"clients":8,"employees":29,"offices":3},{"filedOn":"2023-06-14","regulatoryAum":1192153255,"clients":8,"employees":35,"offices":4},{"filedOn":"2024-03-27","regulatoryAum":1204249611,"clients":7,"employees":29,"offices":4},{"filedOn":"2025-03-27","regulatoryAum":1697017818,"clients":10,"employees":31,"offices":4},{"filedOn":"2026-08-24","regulatoryAum":1960658398,"clients":14,"employees":30,"offices":4}],"secFileNumber":"801-80464","legalName":"Kora Management LP","displayName":"Kora Management","slug":"kora-management-172534","website":"https://koracap.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/172534/bb95e6e0e1892993-r1.webp","tone":"dark","width":739,"height":200,"sourceUrl":"https://koracap.com/","sourceLabel":"Kora Management LP, website"},"classification":{"segment":"private_funds","segmentLabel":"Private funds","type":"private_fund_manager","typeLabel":null,"feeDisclosure":"payment_only"},"linkedinUrl":"https://www.linkedin.com/company/kora-management","founded":null,"organization":"Delaware limited partnership","fiscalYearEnd":"December","headquarters":{"street":"10 Jay Street, Suite 6a","city":"Brooklyn","state":"NY","stateName":"New York","country":"United States","postalCode":"11201-1136"},"tradeNames":[],"registration":{"secApproved":"20 October 2014","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":30,"advisory":22,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":1960658398,"discretionary":1960658398,"discretionaryAccounts":12,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":64,"nonAumClients":2},"clientTypes":[{"label":"Pooled investment vehicles","clients":12,"regulatoryAum":1960658398},{"label":"Charitable organizations","clients":2,"regulatoryAum":0}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Kora Management has custody of $1.96B in client assets for 12 clients.","otherCustodians":[],"leadership":[{"name":"Eugenie Kim","title":"President","crd":"5216190"},{"name":"Nathaniel Asher","title":"Chief Compliance Officer","crd":"7516381"},{"name":"Daniel Jacobs","title":"Co-Chief Investment Officer","crd":"6378361"},{"name":"Nitin Saigal","title":"Chief Investment Officer","crd":"6378357"}],"ownership":[{"label":"Kora NS LLC","detail":"Limited partner in the 50% to 75% ownership band and a control person, since December 2013. Also a managing member of Kora LLC in the 50% to 75% band and a control person, since December 2013."},{"label":"Kora DJ LLC","detail":"Limited partner in the 25% to 50% ownership band and a control person, since December 2013. Also a managing member of Kora LLC in the 25% to 50% band and a control person, since December 2013."},{"label":"Nitin Saigal","detail":"Indirect owner: a member of Kora NS LLC in the 75% or more band and a control person, since December 2013.","parent":"Kora NS LLC"},{"label":"Daniel Jacobs","detail":"Indirect owner: a member of Kora DJ LLC in the 75% or more band and a control person, since December 2013.","parent":"Kora DJ LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":3,"privateResidences":3},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"New York","offices":1,"addresses":[{"street":"10 Jay Street, Suite 6a","city":"Brooklyn","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"212-257-5670","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees","Other"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[],"privateFunds":13},"sources":{"adv1FilingDate":"24 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/172534/PDF/172534.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Kora Management have?","answer":"Kora Management has 14 clients and manages $1.96 billion for them, as of August 2026. They include 12 pooled investment vehicles and 2 charitable organizations.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 24 August 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Kora Management offer?","answer":"Kora 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Kora Management have?","answer":"Kora Management has 0 investment adviser representatives registered with state securities authorities, out of 30 employees, and 22 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":"Who owns Kora Management?","answer":"Kora Management is owned through holding companies by Nitin Saigal and Daniel Jacobs. Its direct owners are Kora NS LLC (50% to 75%) and Kora DJ LLC (25% to 50%).","source":"Form ADV Part 1A, Schedules A and B, filed 24 August 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Kora Management get paid?","answer":"Kora Management is paid through a percentage of assets under management, performance-based fees and other compensation. 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"}},{"question":"How do I contact Kora Management?","answer":"Kora Management’s main office is at 10 Jay Street, Suite 6a, Brooklyn, NY 11201-1136. Its phone number is 212-257-5670. Its website is koracap.com.","source":"Form ADV Part 1A, Item 1.F, filed 24 August 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/kora-management-172534/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-14","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1659815/000090266426003508/0000902664-26-003508-index.html","totalValue":842969284,"positionCount":10,"top10Share":1,"top10":[{"issuer":"SEA LTD","titleOfClass":"SPONSORED ADS","cusip":"81141R100","value":363465174,"shares":3792812,"shareType":"SH","priorValue":295060145,"priorShares":3563098},{"issuer":"NEBIUS GROUP N.V.","titleOfClass":"SHS CLASS A","cusip":"N97284108","value":128865341,"shares":466616,"shareType":"SH","priorValue":109551468,"priorShares":1055816},{"issuer":"NU HLDGS LTD","titleOfClass":"ORD SHS CL A","cusip":"G6683N103","value":97060400,"shares":7265000,"shareType":"SH","priorValue":104398050,"priorShares":7265000},{"issuer":"UNITY SOFTWARE INC","titleOfClass":"COM","cusip":"91332U101","value":72356758,"shares":2531727,"shareType":"SH","priorValue":34977340,"priorShares":1594227},{"issuer":"PDD HOLDINGS INC","titleOfClass":"SPONSORED ADS","cusip":"722304102","value":37426782,"shares":490650,"shareType":"SH","priorValue":50134617,"priorShares":490650},{"issuer":"MERCADOLIBRE INC","titleOfClass":"COM","cusip":"58733R102","value":36081419,"shares":21257,"shareType":"SH","priorValue":36753778,"priorShares":21257},{"issuer":"ROBLOX CORP","titleOfClass":"CL A","cusip":"771049103","value":33171800,"shares":610000,"shareType":"SH","priorValue":22058400,"priorShares":390000},{"issuer":"GRUPO FINANCIERO GALICIA S.A","titleOfClass":"SPONSORED ADR","cusip":"399909100","value":32886370,"shares":657333,"shareType":"SH","priorValue":30704024,"priorShares":657333},{"issuer":"KASPI KZ JSC","titleOfClass":"SPONSORED ADS","cusip":"48581R205","value":20923560,"shares":241500,"shareType":"SH","priorValue":17887905,"priorShares":241500},{"issuer":"ALIBABA GROUP HLDG LTD","titleOfClass":"SPONSORED ADS","cusip":"01609W102","value":20731680,"shares":216000,"shareType":"SH"}],"positionsListed":10,"positions":[{"issuer":"SEA LTD","titleOfClass":"SPONSORED ADS","cusip":"81141R100","value":363465174,"shares":3792812,"shareType":"SH","priorValue":295060145,"priorShares":3563098},{"issuer":"NEBIUS GROUP N.V.","titleOfClass":"SHS CLASS A","cusip":"N97284108","value":128865341,"shares":466616,"shareType":"SH","priorValue":109551468,"priorShares":1055816},{"issuer":"NU HLDGS LTD","titleOfClass":"ORD SHS CL A","cusip":"G6683N103","value":97060400,"shares":7265000,"shareType":"SH","priorValue":104398050,"priorShares":7265000},{"issuer":"UNITY SOFTWARE INC","titleOfClass":"COM","cusip":"91332U101","value":72356758,"shares":2531727,"shareType":"SH","priorValue":34977340,"priorShares":1594227},{"issuer":"PDD HOLDINGS INC","titleOfClass":"SPONSORED ADS","cusip":"722304102","value":37426782,"shares":490650,"shareType":"SH","priorValue":50134617,"priorShares":490650},{"issuer":"MERCADOLIBRE INC","titleOfClass":"COM","cusip":"58733R102","value":36081419,"shares":21257,"shareType":"SH","priorValue":36753778,"priorShares":21257},{"issuer":"ROBLOX CORP","titleOfClass":"CL A","cusip":"771049103","value":33171800,"shares":610000,"shareType":"SH","priorValue":22058400,"priorShares":390000},{"issuer":"GRUPO FINANCIERO GALICIA S.A","titleOfClass":"SPONSORED ADR","cusip":"399909100","value":32886370,"shares":657333,"shareType":"SH","priorValue":30704024,"priorShares":657333},{"issuer":"KASPI KZ JSC","titleOfClass":"SPONSORED ADS","cusip":"48581R205","value":20923560,"shares":241500,"shareType":"SH","priorValue":17887905,"priorShares":241500},{"issuer":"ALIBABA GROUP HLDG LTD","titleOfClass":"SPONSORED ADS","cusip":"01609W102","value":20731680,"shares":216000,"shareType":"SH"}]},"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva 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."}