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Partners Capital Investment Group

SEC-registered adviser since 2002Boston, MACRD 120663

$50.5B
AUM
886
Clients
See fees
Fee
102
Advisory staff

From Form ADV filed 13 August 2026 · data retrieved 15 October 2026SEC record

Partners Capital Investment Group is an investment adviser headquartered in Boston, Massachusetts, and registered with the SEC since 2002. Its clients include charitable organizations, pooled investment vehicles and high-net-worth individuals. High-net-worth individuals account for 12% of its regulatory assets under management.

Its services include portfolio management for investment companies. Fee arrangements include a percentage of assets under management, fixed fees and performance-based fees. Partners Capital Intermediate 2 LLC owns 75% or more of Partners Capital Investment Group, and Arjun Raghavan is its CEO.

Clients

Partners Capital Investment Group serves 886 clients, 521 of them high-net-worth individuals. The average client has about $57 million with the firm, and high-net-worth clients hold 12% of its $50.5 billion in assets.

Regulatory assets by client type
  • High-net-worth individuals521 clients12%
  • Pooled investment vehicles123 clients39%
  • Pension and profit-sharing plans90 clients5%
  • Charitable organizations147 clients42%
  • State or municipal government entities3 clients2%
  • Investment companies2 clients0%
Show client breakdown
High-net-worth individuals
Clients
521
Regulatory AUM
$6,211,033,752
Share
12.3%
Avg. per client
$11.9M
Investment companies
Clients
2
Regulatory AUM
$112,103,950
Share
0.2%
Avg. per client
$56.1M
Pooled investment vehicles
Clients
123
Regulatory AUM
$19,790,862,694
Share
39.2%
Avg. per client
$160.9M
Pension and profit-sharing plans
Clients
90
Regulatory AUM
$2,280,161,318
Share
4.5%
Avg. per client
$25.3M
Charitable organizations
Clients
147
Regulatory AUM
$21,033,098,146
Share
41.6%
Avg. per client
$143.1M
State or municipal government entities
Clients
3
Regulatory AUM
$1,079,909,430
Share
2.1%
Avg. per client
$360.0M

Total

Clients
886
Regulatory AUM
$50,507,169,290
Share
100%
Avg. per client
$57.0M

What it does

Partners Capital Investment Group provides portfolio management for investment companies. It is paid through a percentage of assets, fixed fees and performance-based fees.

Partners Capital Investment Group advises 50 private funds.

62.2% of assets ($31.42B across 349 accounts) are managed with discretion; $19.09B across 537 accounts are not. 14% 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
  • Stocks4%
  • Funds92%
    • Pooled vehicles68%
    • Registered funds24%
  • Cash4%

Custodians

Partners Capital Investment Group’s client accounts are held mainly at Charles Schwab, with 8% of managed assets. Partners Capital Investment Group has custody of $8.62B for 24 clients.

Managed account assets by custodian
  • Charles SchwabCharles Schwab & Co., Inc. · Orlando, FL · $3.85B8%
  • All other custodians$46.66B92%

Ownership and leadership

Partners Capital Intermediate 2 LLC owns 75% or more of Partners Capital Investment Group, and Arjun Raghavan is its CEO.

Who owns the firm
Partners Capital Investment Group, LLP· the adviser

  • Partners Capital Intermediate 2 LLC

    Control person · since December 2023

    Owns 75% or more of Partners Capital Investment Group, LLP

  • Arjun Raghavan

    Control person · since June 2017

    Owns 5% to 10% of Partners Capital Investment Group, LLP

Leadership

  • Arjun Raghavan
    General Partner, Chief Executive Officer, and Director
  • Lenia Ascenso
    General Partner, Chief Operating Officer of Investment Operations
  • Katie Thorpe
    General Partner, Global Chief Operating Officer
  • Nelda Kacyem
    Chief Compliance Officer
  • Gabriel Caillaux
    Director
  • Paul Dimitruk
    General Partner, Senior Partner, and Director
  • Bradley Fried
    Director
  • Sanjiv Misra
    Independent Director
  • Olivier Piccoli
    General Counsel
  • Richard Scarinci
    General Partner, Head of North America
  • Eric Schwartz
    Director
  • Caroline Woodworth
    Director

Staff

  • 190 employees
  • 102 in advisory functions

Reported holdings

Partners Capital Investment Group’s reported 13F holdings total $2.83B across 186 positions, and the ten largest make up 60.5% of it.

$2.83B
Reported 13F value
186
Positions
60.5%
In the 10 largest
+6.8%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. iShares Core S&P 500 ETF · Core S&P500 ETF19.4%
  2. iShares Core MSCI Emerging Markets ETF · Core MSCI Emkt6.2%
  3. Vanguard Short-term Treasury ETF · Short Term Treas5.7%
  4. iShares Currency Hedged MSCI Eafe ETF · Hdg MSCI Eafe5.7%
  5. Vanguard Value ETF · Value ETF5.4%
  6. Vanguard S&P 500 ETF · S&P 500 ETF Shs4.0%
  7. iShares MSCI Emerging Markets Ex China ETF · ETF - Equity3.8%
  8. iShares 0-5 Year Tips Bond ETF · 0-5 YR Tips ETF3.7%
  9. Vanguard Total World Stock ETF · TT Wrld ST ETF3.4%
  10. iShares Core MSCI Eafe ETF · Core MSCI Eafe3.3%

Together, the ten largest are 60.5% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 13 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $2.83B is not its $50.51B in regulatory assets and does not represent any individual client's portfolio.

Fees

Partners Capital Investment Group is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees.

Partners Capital Investment Group’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Partners Capital Investment Group has 3 offices, with 4 listed addresses across 4 states.

Listed office addresses by state

Massachusetts · 1 listed address

  • 600 Atlantic Ave, 30th Floor, BostonHQ

Registration details

Legal name
Partners Capital Investment Group, LLP
Headquarters
600 Atlantic Ave, 30th Floor, Boston, MA 02210
Phone
617-292-2570
Website
www.partners-cap.com
SEC file
801-61234
Structure
Delaware limited liability partnership
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 Partners Capital Investment Group have?

Partners Capital Investment Group has 886 clients and manages $50.5 billion for them, as of August 2026. They include 521 high-net-worth individuals, 147 charitable organizations and 123 pooled investment vehicles.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 13 August 2026

What services does Partners Capital Investment Group offer?

Partners Capital Investment Group provides portfolio management for investment companies.

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

Which custodians does Partners Capital Investment Group use?

Partners Capital Investment Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (Orlando, FL), with $3,851,574,966. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 13 August 2026

How many financial advisors does Partners Capital Investment Group have?

Partners Capital Investment Group has 0 investment adviser representatives registered with state securities authorities, out of 190 employees, and 102 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 Partners Capital Investment Group invest in?

At the end of its last fiscal year, Partners Capital Investment Group’s separately managed accounts held 68% pooled vehicles (private funds and similar), 24% registered funds (mutual funds, ETFs, BDCs), 4% exchange-traded equities and 4% 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 Partners Capital Investment Group?

Partners Capital Investment Group is owned through a chain of holding companies by Gasc Management Holdco, L.P. Its direct owners are Arjun Raghavan (5% to 10%) and Partners Capital Intermediate 2 LLC (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 13 August 2026

How does Partners Capital Investment Group get paid?

Partners Capital Investment Group is paid through a percentage of assets under management, fixed fees 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 13 August 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 120663.
  3. Form 13F-HR, filed 13 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 Partners Capital Investment Group, LLP 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.