Investment adviser · CRD 105757

DRIEHAUS CAPITAL MANAGEMENT LLC

Investment adviser filing (IA)

CHICAGO, IL, United States · Form ADV filed Sep 14, 2026

Regulatory AUM
$26.1B
Form ADV · Item 5.F
Client accounts
90
Accounts, not individual clients
Employees
82
Reported in this filing
Advisory professionals
27
Investment advisory functions

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Investment companies18$10,283,246,69339.4%
Pooled investment vehicles23$7,974,399,99330.5%
Government entities7$5,103,785,40019.5%
Retirement plans11$1,280,658,2184.9%
Corporations & businesses22$1,181,438,0214.5%
Charities7$280,799,7521.1%
Insurance companiesFewer than 5$12,008,9450.0%
High-net-worth individualsFewer than 5$2,920,4450.0%
Filing source

Form ADV 2132494 · Sep 14, 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

35 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.

DRIEHAUS LIFE SCIENCES MASTER FUND, L.P.Hedge Fund · Last reported Sep 14, 2026$438MGross asset value

Feeder funds

Fund administrator THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG LLP CHICAGO, Illinois, United States
Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No
Custodian THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Related to adviser: No
Marketer FORESIDE FINANCIAL SERVICES, LLC PORTLAND, Maine, United States Related to adviser: No
Prime broker GOLDMAN SACHS & CO. 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
Yes

ERNST & YOUNG LLP
PCAOB 42

GOLDMAN SACHS & CO. LLC
SEC 8-129

FORESIDE FINANCIAL SERVICES, LLC
CRD 148477 · SEC 8-68027

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

Fund details & source
Fund ID
805-1625937139
Reported beneficial owners
83
Minimum commitment
$1M
Form D file number
021-332572
Form D file number
021-386476

Form ADV 2132494 · Sep 14, 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.

DRIEHAUS EMERGING MARKETS EX-CHINA EQUITY FUND, L.P.Other Private Fund · Last reported Sep 14, 2026$401MGross asset value

Form D fundraising filings

Driehaus Emerging Markets Ex-China Equity Fund, L.P.

Fund administrator THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG LLP CHICAGO, Illinois, United States
Custodian THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Related to adviser: No
Marketer FORESIDE FINANCIAL SERVICES, LLC PORTLAND, Maine, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

ERNST & YOUNG LLP
PCAOB 42

FORESIDE FINANCIAL SERVICES, LLC
CRD 148477 · SEC 8-68027

Fund details & source
Fund ID
805-9286269655
Reported beneficial owners
3
Minimum commitment
$5M
Form D file number
021-536911

Form ADV 2132494 · Sep 14, 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.

DRIEHAUS EMERGING MARKETS FUND, L.P.Other Private Fund · Last reported Sep 14, 2026$180MGross asset value

Form D fundraising filings

Driehaus Emerging Markets Fund, L.P.

Fund administrator THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG LLP CHICAGO, Illinois, United States
Custodian THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Related to adviser: No
Marketer FORESIDE FINANCIAL SERVICES, LLC PORTLAND, Maine, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

ERNST & YOUNG LLP
PCAOB 42

FORESIDE FINANCIAL SERVICES, LLC
CRD 148477 · SEC 8-68027

Fund details & source
Fund ID
805-3172390187
Reported beneficial owners
7
Minimum commitment
$5M
Form D file number
021-365983

Form ADV 2132494 · Sep 14, 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.

DRIEHAUS LIFE SCIENCES (QP) FUND, L.P.Hedge Fund · Last reported Sep 14, 2026$166MGross asset value

Form D fundraising filings

Driehaus Life Sciences (QP) Fund, L.P.

Fund administrator THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG LLP CHICAGO, Illinois, United States
Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No
Custodian THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Related to adviser: No
Marketer FORESIDE FINANCIAL SERVICES, LLC PORTLAND, Maine, United States Related to adviser: No
Prime broker GOLDMAN SACHS & CO. 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
Yes

ERNST & YOUNG LLP
PCAOB 42

GOLDMAN SACHS & CO. LLC
SEC 8-129

FORESIDE FINANCIAL SERVICES, LLC
CRD 148477 · SEC 8-68027

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

Fund details & source
Fund ID
805-9851410965
Reported beneficial owners
13
Minimum commitment
$1M
Form D file number
021-448698

Form ADV 2132494 · Sep 14, 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.

DRIEHAUS LIFE SCIENCES FUND, L.P.Hedge Fund · Last reported Dec 17, 2020$62MGross asset value

Form D fundraising filings

Driehaus Life Sciences Fund, L.P.

Fund administrator THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG LLP CHICAGO, Illinois, United States
Custodian THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Related to adviser: No
Marketer DRIEHAUS SECURITIES LLC CHICAGO, Illinois, United States Related to adviser: Yes
Prime broker GOLDMAN SACHS & CO. 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
Yes

ERNST & YOUNG LLP
PCAOB 42

DRIEHAUS SECURITIES LLC
CRD 8197 · SEC 8-24024

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

Fund details & source
Fund ID
805-1032583242
Reported beneficial owners
33
Minimum commitment
$1M
Form D file number
021-332572

Form ADV 1475207 · Dec 17, 2020 · 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.

DRIEHAUS ASSOCIATES FUNDHedge Fund · Last reported Sep 14, 2026$14.1MGross asset value
Auditor ERNST & YOUNG LLP CHICAGO, Illinois, United States
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
No
Administrator other than the adviser
No
External marketing
No

ERNST & YOUNG LLP
PCAOB 42

Fund details & source
Fund ID
805-4671570875
Reported beneficial owners
17
Minimum commitment
$50K

Form ADV 2132494 · Sep 14, 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.

DRIEHAUS INCOME FUND I LLCHedge Fund · Last reported Sep 8, 2021$1.18BGross asset value

Form D fundraising filings

Driehaus Income Fund I, LLC

Auditor DEMARCO SCIACCOTTA WILKENS & DUNLEAVEY, LLP FRANKFORT, Illinois, United States
Custodian UBS SECURITIES LLC STAMFORD, Connecticut, United States Related to adviser: No
Prime broker UBS SECURITIES LLC STAMFORD, Connecticut, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

DEMARCO SCIACCOTTA WILKENS & DUNLEAVEY, LLP
PCAOB 5376

UBS SECURITIES LLC
SEC 8-22651

UBS SECURITIES LLC
CRD 7654 · SEC 8-22651

Fund details & source
Fund ID
805-3111628862
Reported beneficial owners
23
Minimum commitment
$250K
Form D file number
021-183516

Form ADV 1564679 · Sep 8, 2021 · 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: Sep 14, 2026. View historical filings

Reported services

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

Compensation

Percentage of assets · Performance-based

Principal office

25 EAST ERIE STREET
CHICAGO, IL, 60611-2703, United States

CRD 105757

Filing source

Form ADV 2132494 · Sep 14, 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.