DEERFIELD MANAGEMENT COMPANY: Investment Adviser Form ADV Filing

How this adviser has changed

Annual filings

Regulatory assets under management

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 year	Regulatory AUM	Employees	Filed
2021	$16,229,982,187	148	Mar 30, 2022
2022	$15,060,203,700	175	Mar 31, 2023
2023	$16,117,395,447	178	Mar 28, 2024
2024	$16,051,603,884	183	Mar 28, 2025
2025	$19,084,042,235	189	Mar 26, 2026

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	12	$19,084,042,235	100.0%

Filing source

Form ADV 2051839 · Mar 26, 2026 · Item 5.D

Reported by DEERFIELD MANAGEMENT COMPANY, L.P. (CRD 157876).

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.

Private funds & service providers

1 selected 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.

View all funds in this filing

DEERFIELD PRIVATE DESIGN FUND IV, L.P.Hedge Fund$3.85BGross asset value

Form D fundraising filings

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

Deerfield Private Design Fund IV, L.P.

Fund administrator CITCO FUND ADMINISTRATION (CAYMAN ISLANDS) LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Auditor ERNST & YOUNG LTD HAMILTON, Bermuda Other funds reporting this name →

Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →

Custodian JPMORGAN CHASE BANK, NATIONAL ASSOCIATION 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 MORGAN STANLEY CAPITAL SERVICES LLC NEW YORK, New York, 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 LTD
PCAOB 1277

GOLDMAN SACHS & CO. LLC
SEC 8-129

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
LEI 7H6GLXDRUGQFU57RNE97

MORGAN STANLEY & CO. LLC
SEC 8-15869

MORGAN STANLEY CAPITAL SERVICES LLC
LEI I7331LVCZKQKX5T7XV54

Fund details & source

Fund ID: 805-8302765042
Reported beneficial owners: 203
Minimum commitment: $1M
Form D file number: 021-275158

Form ADV 2051839 · Mar 26, 2026 · Schedule D 7.B.(1)

Reported by DEERFIELD MANAGEMENT COMPANY, L.P. (CRD 157876).

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 Jul 23, 2025 · previous imported filing

Regulatory AUM$16,051,603,884 → $19,084,042,235
Employees183 → 189
Legal nameDEERFIELD MANAGEMENT COMPANY, L.P. SERIES C → DEERFIELD MANAGEMENT COMPANY, L.P.

Filing source

Form ADV 2051839 · Mar 26, 2026 · Items 1 & 5

Reported by DEERFIELD MANAGEMENT COMPANY, L.P. (CRD 157876).

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: $19.1B
Non-discretionary: $0

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

345 PARK AVENUE SOUTH, 12TH FLOOR
NEW YORK, NY, 10010, United States

CRD 157876

Filing source

Form ADV 2051839 · Mar 26, 2026 · Items 1 & 5

Reported by DEERFIELD MANAGEMENT COMPANY, L.P. (CRD 157876).

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.