Investment adviser · CRD 110791

BARON CAPITAL MANAGEMENT, INC.

Investment adviser filing (IA)

NEW YORK, NY, United States · Form ADV filed May 29, 2026

Regulatory AUM: $10.8B
Client accounts: 125
Employees: 221
Advisory professionals: 41

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	7	$7,102,949,984	65.8%
Retirement plans	10	$2,263,738,453	21.0%
Corporations & businesses	7	$460,429,100	4.3%
High-net-worth individuals	15	$364,289,819	3.4%
Charities	Fewer than 5	$314,978,027	2.9%
Other clients	80	$217,755,163	2.0%
Government entities	Fewer than 5	$63,063,797	0.6%

Filing source

Form ADV 2109509 · May 29, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

6 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

BARONX, L.P.Other Private Fund · Last reported May 29, 2026$4.53BGross asset value

Feeder funds

BARONX CAYMAN, L.P.

Fund administrator UMB FUND SERVICES OGDEN, Utah, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States

Custodian JEFFERIES LLC NEW YORK, New York, United States Related to adviser: No

Custodian WELLS FARGO CLEARING SERVICES, LLC ST. LOUIS, Missouri, United States Related to adviser: No

Marketer CITIBANK CANADA INVESTMENT FUNDS LIMITED TORONTO, Canada Related to adviser: No

Marketer CITIBANK EUROPE PLC (LUXEMBOURG BRANCH) BERTRANGE, Luxembourg Related to adviser: No

Marketer CITIBANK EUROPE PLC (UK BRANCH) LONDON, United Kingdom Related to adviser: No

Marketer CITIBANK, N.A. NEW YORK, New York, United States Related to adviser: No

Marketer CITIBANK, N.A. GENEVA BRANCH GENEVA, Switzerland Related to adviser: No

Marketer CITIBANK, N.A., JERSEY BRANCH ST HELIER, Jersey Related to adviser: No

Marketer CITIBANK, N.A. LONDON BRANCH LONDON, United Kingdom Related to adviser: No

Marketer CITIBANK, N.A. SINGAPORE BRANCH SINGAPORE, Singapore Related to adviser: No

Marketer CITIBANK, N.A. ZURICH BRANCH ZURICH, Switzerland Related to adviser: No

Marketer CITIGROUP GLOBAL MARKETS INC. NEW YORK, New York, United States Related to adviser: No

Prime broker JEFFERIES LLC NEW YORK, New York, United States

Prime broker WELLS FARGO CLEARING SERVICES, LLC ST. LOUIS, Missouri, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

JEFFERIES LLC
SEC 8-15074

WELLS FARGO CLEARING SERVICES, LLC
SEC 8-37180

JEFFERIES LLC
CRD 2347 · SEC 8-15074

WELLS FARGO CLEARING SERVICES, LLC
CRD 19616 · SEC 8-37180

Fund details & source

Fund ID: 805-3571358636
Reported beneficial owners: 487
Minimum commitment: $1M
Form D file number: 021-1894319

Form ADV 2109509 · May 29, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

BARONX II, L.P.Other Private Fund · Last reported May 29, 2026$1.05BGross asset value

Feeder funds

BARONX II CAYMAN, L.P.

Fund administrator UMB FUND SERVICES OGDEN, Utah, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States

Custodian JEFFERIES LLC NEW YORK, New York, United States Related to adviser: No

Custodian WELLS FARGO CLEARING SERVICES, LLC ST. LOUIS, Missouri, United States Related to adviser: No

Marketer CITIBANK CANADA INVESTMENT FUNDS LIMITED TORONTO, Canada Related to adviser: No

Marketer CITIBANK, N.A. NEW YORK, New York, United States Related to adviser: No

Marketer CITIBANK, N.A. GENEVA BRANCH GENEVA, Switzerland Related to adviser: No

Marketer CITIBANK, N.A., ZURICH BRANCH ZURICH, Switzerland Related to adviser: No

Marketer CITIBANK (SWITZERLAND) AG ZURICH, Switzerland Related to adviser: No

Marketer CITIGROUP GLOBAL MARKETS INC. NEW YORK, New York, United States Related to adviser: No

Prime broker JEFFERIES LLC NEW YORK, New York, United States

Prime broker WELLS FARGO CLEARING SERVICES, LLC ST. LOUIS, Missouri, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

JEFFERIES LLC
SEC 8-15074

WELLS FARGO CLEARING SERVICES, LLC
SEC 8-37180

JEFFERIES LLC
CRD 2347 · SEC 8-15074

WELLS FARGO CLEARING SERVICES, LLC
CRD 19616 · SEC 8-37180

Fund details & source

Fund ID: 805-1664865367
Reported beneficial owners: 282
Minimum commitment: $1M
Form D file number: 021-512885

Form ADV 2109509 · May 29, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

CASTLE ADVISERS, L.P.Other Private Fund · Last reported May 29, 2026$819MGross asset value

Fund administrator UMB FUND SERVICES OGDEN, Utah, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States

Custodian JEFFERIES LLC NEW YORK, New York, United States Related to adviser: No

Prime broker JEFFERIES LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

JEFFERIES LLC
SEC 8-15074

JEFFERIES LLC
CRD 2347 · SEC 8-15074

Fund details & source

Fund ID: 805-6556986923
Reported beneficial owners: 114
Minimum commitment: $25K
Form D file number: 021-907071

Form ADV 2109509 · May 29, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

BARON USA PARTNERS FUND LTD.Other Private Fund · Last reported May 29, 2026$591MGross asset value

Fund administrator TRIDENT TRUST COMPANY (CAYMAN) LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS CAYMAN ISLANDS GRAND CAYMAN, Cayman Islands

Custodian JEFFERIES LLC NEW YORK, New York, United States Related to adviser: No

Prime broker JEFFERIES LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

PRICEWATERHOUSECOOPERS CAYMAN ISLANDS
PCAOB 1266

JEFFERIES LLC
SEC 8-15074

JEFFERIES LLC
CRD 2347 · SEC 8-15074

Fund details & source

Fund ID: 805-6386396610
Reported beneficial owners: 34
Minimum commitment: $250K
Form D file number: 021-90707

Form ADV 2109509 · May 29, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

BARON EMERGING MARKETS FUND LTDOther Private Fund · Last reported May 29, 2026$133MGross asset value

Form D fundraising filings

Baron Emerging Markets Fund Ltd.

Fund administrator STATE STREET BANK AND TRUST COMPANY BOSTON, Massachusetts, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS CAYMAN ISLANDS GRAND CAYMAN, Cayman Islands

Custodian STATE STREET GLOBAL ADVISORS FUNDS DISTRIBUTORS, LLC BOSTON, Massachusetts, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

PRICEWATERHOUSECOOPERS CAYMAN ISLANDS
PCAOB 1266

STATE STREET GLOBAL ADVISORS FUNDS DISTRIBUTORS, LLC
SEC 8-44744

Fund details & source

Fund ID: 805-2729101599
Reported beneficial owners: 8
Minimum commitment: $5M
Form D file number: 021-268793

Form ADV 2109509 · May 29, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

BARON INNOVATORS FUND LPOther Private Fund · Last reported Oct 5, 2023$11.7MGross asset value

Form D fundraising filings

Baron Innovators Fund LP

Fund administrator UMB FUND SERVICES OGDEN, Utah, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor EISNERAMPER LLP NEW YORK, New York, United States

Custodian JEFFERIES LLC NEW YORK, New York, United States Related to adviser: No

Custodian STATE STREET GLOBAL ADVISORS FUNDS DISTRIBUTORS, LLC BOSTON, Massachusetts, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

EISNERAMPER LLP
PCAOB 274

JEFFERIES LLC
SEC 8-15074

STATE STREET GLOBAL ADVISORS FUNDS DISTRIBUTORS, LLC
SEC 8-44744

Fund details & source

Fund ID: 805-3939685247
Reported beneficial owners: 18
Minimum commitment: $100K
Form D file number: 021-311306

Form ADV 1792034 · Oct 5, 2023 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: May 29, 2026. View historical filings

Reported services

Individual portfolio management · Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets

Principal office

767 FIFTH AVENUE, 48TH FLOOR
NEW YORK, NY, 10153-0023, United States

CRD 110791

Filing source

Form ADV 2109509 · May 29, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.