Investment adviser · CRD 106847

PZENA INVESTMENT MANAGEMENT LLC

Investment adviser filing (IA)

NEW YORK, NY, United States · Form ADV filed Mar 30, 2026

Regulatory AUM: $81.4B
Client accounts: 245
Employees: 164
Advisory professionals: 55

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	53	$35,841,610,521	44.0%
Investment companies	19	$24,391,513,242	29.9%
Government entities	29	$14,484,449,733	17.8%
Retirement plans	23	$3,143,988,251	3.9%
Other investment advisers	4	$1,204,683,412	1.5%
Corporations & businesses	45	$1,079,811,196	1.3%
Insurance companies	6	$572,606,918	0.7%
Charities	21	$419,115,151	0.5%
Sovereign wealth & foreign institutions	1	$198,996,181	0.2%
High-net-worth individuals	36	$100,736,927	0.1%
Individuals	8	$3,365,611	0.0%

Filing source

Form ADV 2051514 · Mar 30, 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

12 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.

PZENA GLOBAL VALUE FUND 2 (DST), A SERIES OF PZENA TRUSTOther Private Fund · Last reported Mar 30, 2026$335MGross asset value

Form D fundraising filings

Pzena Global Value Fund 2 (DST), a series of Pzena Value Trust

Fund administrator THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor GRANT THORNTON LLP NEW YORK, New York, United States

Custodian THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Related to adviser: No

Marketer PZENA FINANCIAL SERVICES, LLC NEW YORK, New York, United States Related to adviser: Yes

Provider details

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

GRANT THORNTON LLP
PCAOB 248

THE NORTHERN TRUST COMPANY
LEI 6PTKHDJ8HDUF78PFWH30

PZENA FINANCIAL SERVICES, LLC
CRD 169807 · SEC 8-69390

Fund details & source

Fund ID: 805-9146481454
Reported beneficial owners: 2
Minimum commitment: $5M
Form D file number: 021-328163

Form ADV 2051514 · Mar 30, 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.

PZENA INTERNATIONAL (EX U.S.) FOCUSED VALUE FUND (DST)Other Private Fund · Last reported Mar 30, 2026$75.8MGross asset value

Form D fundraising filings

PZENA INTERNATIONAL (EX-U.S.) FOCUSED VALUE FUND (DST), a series of Pzena Value Trust

Fund administrator THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor GRANT THORNTON LLP NEW YORK, New York, United States

Custodian THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Related to adviser: No

Marketer PZENA FINANCIAL SERVICES, LLC NEW YORK, New York, United States Related to adviser: Yes

Provider details

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

GRANT THORNTON LLP
PCAOB 248

THE NORTHERN TRUST COMPANY
LEI 6PTKHDJ8HDUF78PFWH30

PZENA FINANCIAL SERVICES, LLC
CRD 169807 · SEC 8-69390

Fund details & source

Fund ID: 805-3473195964
Reported beneficial owners: 3
Minimum commitment: $5M
Form D file number: 021-298765

Form ADV 2051514 · Mar 30, 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.

PZENA GLOBAL BEST IDEAS FUND, LPHedge Fund · Last reported Mar 30, 2026$72.7MGross asset value

Form D fundraising filings

Pzena Global Best Ideas Fund, LP

Fund administrator THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor GRANT THORNTON LLP NEW YORK, New York, United States

Custodian THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Related to adviser: No

Marketer PZENA FINANCIAL SERVICES, LLC NEW YORK, New York, United States Related to adviser: Yes

Provider details

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

GRANT THORNTON LLP
PCAOB 248

THE NORTHERN TRUST COMPANY
LEI 6PTKHDJ8HDUF78PFWH30

PZENA FINANCIAL SERVICES, LLC
CRD 169807 · SEC 8-69390

Fund details & source

Fund ID: 805-6419312949
Reported beneficial owners: 6
Minimum commitment: $5M
Form D file number: 021-312265

Form ADV 2051514 · Mar 30, 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.

PZENA U.S. BEST IDEAS FUND, LPHedge Fund · Last reported Mar 30, 2026$70.9MGross asset value

Form D fundraising filings

Pzena U.S. Best Ideas Fund, LP

Fund administrator THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor GRANT THORNTON LLP NEW YORK, New York, United States

Custodian THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Related to adviser: No

Marketer PZENA FINANCIAL SERVICES, LLC NEW YORK, New York, United States Related to adviser: Yes

Provider details

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

GRANT THORNTON LLP
PCAOB 248

THE NORTHERN TRUST COMPANY
LEI 6PTKHDJ8HDUF78PFWH30

PZENA FINANCIAL SERVICES, LLC
CRD 169807 · SEC 8-69390

Fund details & source

Fund ID: 805-3331015797
Reported beneficial owners: 10
Minimum commitment: $5M
Form D file number: 021-300855

Form ADV 2051514 · Mar 30, 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.

PZENA FOCUSED CREDIT OPPORTUNITIES MASTER FUND, LPHedge Fund · Last reported Mar 30, 2026$37.2MGross asset value

Feeder funds

PZENA FOCUSED CREDIT OPPORTUNITIES FUND, LP

Fund administrator THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor GRANT THORNTON LLP NEW YORK, New York, United States

Custodian THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Related to adviser: No

Marketer PZENA FINANCIAL SERVICES, LLC NEW YORK, New York, United States Related to adviser: Yes

Provider details

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

GRANT THORNTON LLP
PCAOB 248

THE NORTHERN TRUST COMPANY
LEI 6PTKHDJ8HDUF78PFWH30

PZENA FINANCIAL SERVICES, LLC
CRD 169807 · SEC 8-69390

Fund details & source

Fund ID: 805-8857109735
Reported beneficial owners: 11
Minimum commitment: $5M
Form D file number: 021-500993

Form ADV 2051514 · Mar 30, 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.

PZENA GLOBAL VALUE FUND (DST), A SERIES OF PZENA VALUE TRUSTOther Private Fund · Last reported Mar 30, 2026$10.6MGross asset value

Form D fundraising filings

PZENA GLOBAL VALUE FUND (DST), a series of Pzena Value Trust

Fund administrator THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor GRANT THORNTON LLP NEW YORK, New York, United States

Custodian THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Related to adviser: No

Marketer PZENA FINANCIAL SERVICES, LLC NEW YORK, New York, United States Related to adviser: Yes

Provider details

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

GRANT THORNTON LLP
PCAOB 248

THE NORTHERN TRUST COMPANY
LEI 6PTKHDJ8HDUF78PFWH30

PZENA FINANCIAL SERVICES, LLC
CRD 169807 · SEC 8-69390

Fund details & source

Fund ID: 805-3099554559
Reported beneficial owners: 3
Minimum commitment: $5M
Form D file number: 021-100709

Form ADV 2051514 · Mar 30, 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.

PZENA GLOBAL VALUE FUND, A SERIES OF PZENA VALUE FUNDS PLCOther Private Fund · Last reported Apr 1, 2013$160MGross asset value

Fund administrator BROWN BROTHERS HARRIMAN FUND ADMINISTRATION SERVICE (IRELAND) LTD DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS DUBLIN, Ireland

Custodian BROWN BROTHERS HARRIMAN TRUSTEE SERVICES (IRELAND) LIMITED DUBLIN, Ireland Related to adviser: No

Provider details

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

Fund details & source

Fund ID: 805-2041668599
Reported beneficial owners: 13
Minimum commitment: $5M

Form ADV 718438 · Apr 1, 2013 · 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: Mar 30, 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

320 PARK AVENUE, 8TH FLOOR
NEW YORK, NY, 10022, United States

CRD 106847

Filing source

Form ADV 2051514 · Mar 30, 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.