Investment adviser · CRD 304702

BROWNING WEST LP

LOS ANGELES, CA, United States · Form ADV filed Mar 30, 2026

Regulatory AUM
$2.24B
Form ADV · Item 5.F
Client accounts
8
Accounts, not individual clients
Employees
8
Reported in this filing
Advisory professionals
5
Investment advisory functions

How this adviser has changed

Annual filings

Regulatory assets under management

Reported regulatory AUM by annual filing$0$1.12B$2.24BFY 2021: $1,338,976,357.00FY 2021FY 2022: $1,004,839,658.00FY 2022FY 2023: $1,535,966,189.00FY 2023FY 2024: $1,586,456,969.00FY 2024FY 2025: $2,243,666,976.00FY 2025

Up to five fiscal years, using the latest annual update available at the selected filing date. Asset changes can reflect acquisitions, client flows, and valuations; they are not investment returns.

Annual adviser history and sources
Fiscal yearRegulatory AUMEmployeesFiled
2021$1,338,976,3579Mar 30, 2022
2022$1,004,839,6588Mar 21, 2023
2023$1,535,966,1897Mar 25, 2024
2024$1,586,456,9698Mar 28, 2025
2025$2,243,666,9768Mar 30, 2026

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Pooled investment vehicles8$2,243,666,976100.0%
Filing source

Form ADV 2076227 · Mar 30, 2026 · Item 5.D

Reported by BROWNING WEST LP (CRD 304702).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

NORTHERN TRUST SECURITIES, INC.

Custodian · funds reporting this exact name in the selected filing

These are reported-name connections within this adviser's filing, not a verified global provider identity or market-wide client count.

Private funds & service providers

5 detailed fund records

Largest reported gross asset value first; unreported values last. Gross asset value is fund-level disclosure, distinct from adviser AUM and Form D fundraising. Master and feeder funds may overlap.

BROWNING WEST MASTER FUND, LPHedge Fund · Master$1.77BGross asset value

Form D fundraising filings

View filings for the issuers linked by this fund’s reported Form D file numbers.

Fund administrator MORGAN STANLEY FUND SERVICES (CAYMAN) LTD GEORGE TOWN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Fund administrator MORGAN STANLEY FUND SERVICES USA, LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor ERNST & YOUNG LLP LOS ANGELES, California, United States Other funds reporting this name →
Custodian BOFA SECURITIES, INC. NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Custodian THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No Other funds reporting this name →

See filing for more → Showing the first 6 providers by role and name. IAPD may show a newer filing.

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

ERNST & YOUNG LLP
PCAOB 42

BOFA SECURITIES, INC.
SEC 8-69787

MORGAN STANLEY & CO. LLC
SEC 8-15869 · LEI 9R7GPTSO7KV3UQJZQ078

THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION
LEI 54930042DBMRRWU1QM80

Fund details & source
Fund ID
805-2264745445
Reported beneficial owners
54
Minimum commitment
$1M
Form D file number
021-350989
Form D file number
021-349453

Form ADV 2076227 · Mar 30, 2026 · Schedule D 7.B.(1)

Reported by BROWNING WEST LP (CRD 304702).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

PENTAS FUND LTDHedge Fund · Master$299MGross asset value
Fund administrator MORGAN STANLEY FUND SERVICES (CAYMAN) LTD GEORGE TOWN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor ERNST & YOUNG LLP LOS ANGELES, California, United States Other funds reporting this name →
Custodian BOFA SECURITIES, INC. NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Custodian NORTHERN TRUST SECURITIES, INC. JERSEY CITY, New Jersey, United States Related to adviser: No Other funds reporting this name →
Prime broker BOFA SECURITIES, INC. NEW YORK, New York, United States Other funds reporting this name →
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

ERNST & YOUNG LLP
PCAOB 1263

BOFA SECURITIES, INC.
SEC 8-69787

NORTHERN TRUST SECURITIES, INC.
SEC 8-23689

BOFA SECURITIES, INC.
CRD 283942 · SEC 8-69787

Fund details & source
Fund ID
805-4740689146
Reported beneficial owners
12
Minimum commitment
$5M

Form ADV 2076227 · Mar 30, 2026 · Schedule D 7.B.(1)

Reported by BROWNING WEST LP (CRD 304702).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

BROWNING WEST SPV 3, LPHedge Fund$102MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

Fund administrator MORGAN STANLEY FUND SERVICES USA LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor ERNST & YOUNG LLP LOS ANGELES, California, United States Other funds reporting this name →
Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Custodian THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No Other funds reporting this name →
Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Other funds reporting this name →
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

ERNST & YOUNG LLP
PCAOB 42

THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION
LEI 54930042DBMRRWU1QM80

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Fund details & source
Fund ID
805-8924441427
Reported beneficial owners
10
Minimum commitment
$5M
Form D file number
021-393056

Form ADV 2076227 · Mar 30, 2026 · Schedule D 7.B.(1)

Reported by BROWNING WEST LP (CRD 304702).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

BROWNING WEST CAYMAN SPV 2 LPHedge Fund$48.2MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

Fund administrator MORGAN STANLEY FUND SERVICES (CAYMAN) LTD. GEORGE TOWN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor ERNST & YOUNG LLP LOS ANGELES, California, United States Other funds reporting this name →
Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Custodian THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No Other funds reporting this name →
Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Other funds reporting this name →
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

ERNST & YOUNG LLP
PCAOB 42

MORGAN STANLEY & CO. LLC
SEC 8-15869

THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION
LEI 54930042DBMRRWU1QM80

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Fund details & source
Fund ID
805-2878757086
Reported beneficial owners
8
Minimum commitment
$5M
Form D file number
021-375586

Form ADV 2076227 · Mar 30, 2026 · Schedule D 7.B.(1)

Reported by BROWNING WEST LP (CRD 304702).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

BROWNING WEST CAYMAN SPECIAL SITUATIONS, LPHedge Fund$20.7MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

Fund administrator MORGAN STANLEY FUND SERVICES (CAYMAN) LTD GEORGE TOWN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor ERNST & YOUNG LLP LOS ANGELES, California, United States Other funds reporting this name →
Custodian BOFA SECURITIES, INC. NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Custodian THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No Other funds reporting this name →
Prime broker BOFA SECURITIES, INC. NEW YORK, New York, United States Other funds reporting this name →
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

ERNST & YOUNG LLP
PCAOB 42

BOFA SECURITIES, INC.
SEC 8-69787

THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION
LEI 54930042DBMRRWU1QM80

BOFA SECURITIES, INC.
CRD 283942 · SEC 8-69787

Fund details & source
Fund ID
805-6401183860
Reported beneficial owners
3
Minimum commitment
$5M
Form D file number
021-507483

Form ADV 2076227 · Mar 30, 2026 · Schedule D 7.B.(1)

Reported by BROWNING WEST LP (CRD 304702).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

Services & filing details

Showing values from the selected filing. Latest observed filing does not establish current registration status.

What changed?

Since Feb 18, 2026 · previous imported filing

  • Regulatory AUM$1,586,456,969 → $2,243,666,976
  • Client accounts7 → 8
Filing source

Form ADV 2076227 · Mar 30, 2026 · Items 1 & 5

Reported by BROWNING WEST LP (CRD 304702).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

Management of assets

Discretionary
$2.24B
Non-discretionary
$0

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

1999 AVENUE OF THE STARS, SUITE 1150
LOS ANGELES, CA, 90067, United States

CRD 304702

Filing source

Form ADV 2076227 · Mar 30, 2026 · Items 1 & 5

Reported by BROWNING WEST LP (CRD 304702).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.