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Linden Manager

SEC-registered adviser since 2012Chicago, ILCRD 161059

28
Clients
47
Advisory staff

From Form ADV filed 25 March 2026 · data retrieved 15 October 2026SEC record

Linden Manager is an investment adviser headquartered in Chicago, Illinois, and registered with the SEC since 2012. Its clients include pooled investment vehicles.

Its services include portfolio management for pooled vehicles. Fee arrangements include a percentage of assets under management, performance-based fees and other arrangements. Linden Holdings Parent LP owns 75% or more of Linden Manager.

Clients

Linden Manager serves 28 clients. The average client has about $498 million with the firm.

Regulatory assets by client type
  • Pooled investment vehicles28 clients100%
Show client breakdown
Pooled investment vehicles
Clients
28
Regulatory AUM
$13,947,787,397
Share
100.0%
Avg. per client
$498.1M

Total

Clients
28
Regulatory AUM
$13,947,787,397
Share
100%
Avg. per client
$498.1M

What it does

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

Linden Manager advises 28 private funds.

100.0% of assets ($13.95B across 28 accounts) are managed with discretion. 7% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

Custodians

Linden Manager has custody of $25.0M for 5 clients.

Managed account assets by custodian
  • All other custodians$13.95B100%

Ownership and leadership

Linden Holdings Parent LP owns 75% or more of Linden Manager.

Who owns the firm
Linden Manager LLC· the adviser
  • Linden Holdings Parent LP

    Control person · since January 2024

    Owns 75% or more of Linden Manager LLC

Leadership

  • Anthony Davis
    Co-Founder & President
  • Douglass Vandegrift
    Chief Financial Officer
  • Jonathan Romick
    General Counsel, Chief Compliance Officer
  • Brian Miller
    Co-Founder & Partner

Staff

  • 55 employees
  • 47 in advisory functions

Fees

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

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

Offices and registrations

Besides its headquarters, Linden Manager has 0 offices, with 1 listed address in 1 state.

Listed office addresses by state

Illinois · 1 listed address

  • 110 North Wacker Drive, 55th Floor, ChicagoHQ

Other business names

Linden Manager has reported 1 other business name to the SEC.

  • Linden LLC

Registration details

Legal name
Linden Manager LLC
Headquarters
110 North Wacker Drive, 55th Floor, Chicago, IL 60606
SEC file
801-74100
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 Linden Manager have?

Linden Manager has 28 clients and manages $13.9 billion for them, as of March 2026.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 March 2026

What services does Linden Manager offer?

Linden Manager provides portfolio management for pooled vehicles and other activities.

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

How many financial advisors does Linden Manager have?

Linden Manager has 0 investment adviser representatives registered with state securities authorities, out of 55 employees, and 47 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

Who owns Linden Manager?

Linden Manager is owned through a chain of holding companies by Brian Miller, Anthony Davis and Linden MH Holdco LP. Its direct owner is Linden Holdings Parent LP (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 25 March 2026

How does Linden Manager get paid?

Linden Manager 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 25 March 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 161059.

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 Linden Manager 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.