PERCEPTIVE ADVISORS: 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	$10,357,828,753	38	Mar 31, 2022
2022	$9,508,525,129	39	Mar 30, 2023
2023	$9,855,817,417	46	Mar 20, 2024
2024	$8,459,663,000	45	Mar 26, 2025
2025	$11,765,315,630	49	Mar 30, 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	25	$11,655,707,855	99.1%
Other clients	Fewer than 5	$109,607,775	0.9%

Filing source

Form ADV 2059870 · Mar 30, 2026 · Item 5.D

Reported by PERCEPTIVE ADVISORS LLC. (CRD 154703).

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

PERCEPTIVE CREDIT OPPORTUNITIES FUND II, LPHedge Fund · Master$114MGross asset value

Form D fundraising filings

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

Fund administrator SEI OAKS, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Auditor RSM US LLP NEW YORK, New York, United States Other funds reporting this name →

Custodian MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →

Custodian SVB, A DIVISION OF FIRST CITIZENS BANK SANTA CLARA, California, United States Related to adviser: No Other funds reporting this name →

Prime broker MERRILL LYNCH PROFESSIONAL CLEARING CORP. 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

RSM US LLP
PCAOB 49

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
SEC 8-7221

SVB, A DIVISION OF FIRST CITIZENS BANK
LEI 2549006SX2APS6OJMQ40

MERRILL LYNCH PROFESSIONAL CLEARING CORP.
CRD 16139 · SEC 8-33359

Fund details & source

Fund ID: 805-5150993903
Reported beneficial owners: 123
Minimum commitment: $5M
Form D file number: 021-305791
Form D file number: 021-305789

Form ADV 2059870 · Mar 30, 2026 · Schedule D 7.B.(1)

Reported by PERCEPTIVE ADVISORS LLC. (CRD 154703).

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

View a filing

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

What changed?

Since Feb 23, 2026 · previous imported filing

Regulatory AUM$8,459,663,000 → $11,765,315,630
Client accounts27 → 26
Employees45 → 49

Filing source

Form ADV 2059870 · Mar 30, 2026 · Items 1 & 5

Reported by PERCEPTIVE ADVISORS LLC. (CRD 154703).

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: $11.8B
Non-discretionary: $0

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

51 ASTOR PLACE, 10TH FLR
NEW YORK, NY, 10003, United States

CRD 154703

Filing source

Form ADV 2059870 · Mar 30, 2026 · Items 1 & 5

Reported by PERCEPTIVE ADVISORS LLC. (CRD 154703).

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.