Investment adviser · CRD 161263

DISCOVERY CAPITAL MANAGEMENT, LLC

SOUTH NORWALK, CT, United States · Form ADV filed Mar 31, 2026

Regulatory AUM
$6.75B
Form ADV · Item 5.F
Client accounts
15
Accounts, not individual clients
Employees
36
Reported in this filing
Advisory professionals
20
Investment advisory functions

How this adviser has changed

Annual filings

Regulatory assets under management

Reported regulatory AUM by annual filing$0$3.37B$6.75BFY 2021: $3,746,445,165.00FY 2021FY 2022: $2,518,273,833.00FY 2022FY 2023: $2,551,384,557.00FY 2023FY 2024: $4,297,248,915.00FY 2024FY 2025: $6,748,629,715.00FY 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$3,746,445,16543Mar 31, 2022
2022$2,518,273,83335Mar 31, 2023
2023$2,551,384,55735Mar 28, 2024
2024$4,297,248,91536Mar 28, 2025
2025$6,748,629,71536Mar 31, 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 vehicles15$6,748,629,715100.0%
Filing source

Form ADV 2050019 · Mar 31, 2026 · Item 5.D

Reported by DISCOVERY CAPITAL MANAGEMENT, LLC (CRD 161263).

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

DBH1 LPPrivate Equity Fund$320MGross asset value

Form D fundraising filings

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

Fund administrator INTERNATIONAL FUND SERVICES (N.A.) LLC BOSTON, Massachusetts, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, 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 STATE STREET BANK AND TRUST COMPANY BOSTON, Massachusetts, United States Related to adviser: No Other funds reporting this name →
Marketer WILLIAM BLAIR & COMPANY L.L.C. CHICAGO, Illinois, 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
Yes

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

MORGAN STANLEY & CO. LLC
SEC 8-15869

STATE STREET BANK AND TRUST COMPANY
LEI 571474TGEMMWANRLN572

WILLIAM BLAIR & COMPANY L.L.C.
CRD 1252 · SEC 801-688

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

Fund details & source
Fund ID
805-2656009176
Reported beneficial owners
54
Minimum commitment
$1M
Form D file number
021-392411

Form ADV 2050019 · Mar 31, 2026 · Schedule D 7.B.(1)

Reported by DISCOVERY CAPITAL MANAGEMENT, LLC (CRD 161263).

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 Mar 28, 2025 · previous imported filing

  • Regulatory AUM$4,297,248,915 → $6,748,629,715
Filing source

Form ADV 2050019 · Mar 31, 2026 · Items 1 & 5

Reported by DISCOVERY CAPITAL MANAGEMENT, LLC (CRD 161263).

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
$6.75B
Non-discretionary
$0

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

20 MARSHALL STREET, SUITE 310
SOUTH NORWALK, CT, 06854, United States

CRD 161263

Filing source

Form ADV 2050019 · Mar 31, 2026 · Items 1 & 5

Reported by DISCOVERY CAPITAL MANAGEMENT, LLC (CRD 161263).

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.