The largest US private equity advisers by gross private-fund assets on Form ADV, with SEC records.
Private equity firm list
In the SEC's Form ADV data file of 2026-10-02, ~3,100 SEC-registered and exempt reporting advisers that report private equity funds have a main office in the 50 states or DC. The count is of adviser firms, the companies that manage the funds, not of the funds themselves. Each row of the list is one adviser firm's main office, with its Form ADV identifiers, the private fund types it reports, its website and the email it publishes there, the page where we found it and the date we last verified it. The list has no rows for individual partners or employees. You can order it now, nationwide or by state.
What's in the list
| Column | What it holds | Format |
|---|---|---|
| firm_name, legal_name | The business name and legal name the firm files on Form ADV | text |
| crd_number, registration_type | The firm's CRD number, and whether it is an SEC-registered adviser or an exempt reporting adviser | CRD number; SEC-registered adviser or exempt reporting adviser |
| address, city, state, zip | The main office on Form ADV. Firms whose main office is a private residence are left out | main office; state as 2 letters, ZIP as 5 digits |
| phone | The main office number the firm gives on Form ADV | text |
| website | The firm's own site, from Form ADV or found by us | URL |
| email, email_type | An email the firm publishes on its own website, marked role (info@, ir@) or personal (a named inbox at the firm's own domain). No free-mail addresses | email address; type is role or personal |
| email_status | valid, catch-all or unknown. Catch-all means the mailbox can't be confirmed; invalid emails are removed | valid, catch-all or unknown |
| email_source_url | The page or official register where the email was published | URL |
| email_last_verified | Date of the latest verification check | date, ISO 8601 (year-month-day) |
| fund_types | The private fund types the firm reports in Form ADV Item 7.B: private equity, hedge, venture capital, real estate or other | private equity, hedge, venture capital, real estate, other (Form ADV Item 7.B) |
| private_funds, gross_private_fund_assets | How many private funds the firm reports and their gross assets, from Schedule D. Gross assets are not fund size or capital raised | whole numbers; gross assets of reported private funds in US dollars, not fund size |
| adv_filing_date | Date of the firm's latest Form ADV filing in the SEC file | date, ISO 8601 (year-month-day) |
One row per adviser firm that reports at least one private equity fund on Form ADV, at its main office in the 50 states or DC.
The data dictionary in every download describes each column in full.
In the public register
SEC-registered and exempt reporting advisers that report private equity funds~3,100
Rounded count in SEC Form ADV, file of 2026-10-02: SEC-registered and exempt reporting advisers that report private equity funds, with a main office in the 50 states or DC, minus suspect filings. It runs low, because the SEC withholds the address of advisers whose office is a private residence, and state-registered advisers are not in the SEC file.
States and DC49
States plus DC with at least one entry in the register.
Register file date2026-10-02
The date of the public file we counted.
How many private equity firms are in the US?
The SEC's Form ADV file of 2026-10-02 has ~3,100 SEC-registered and exempt reporting advisers that report private equity funds and have a main office in the 50 states or DC. The SEC has no category for private equity firms. It registers the advisers that manage private funds, and each adviser marks its funds by type on Form ADV, so this count of advisers is the nearest public measure.
~2,400 of these advisers are registered with the SEC, and ~700 are exempt reporting advisers. An exempt reporting adviser files parts of Form ADV but is not registered. Form ADV's glossary defines it as an adviser only to venture capital funds, or an adviser only to private funds with less than $150 million of assets under management in the US.
| Registration | Advisers |
|---|---|
| SEC-registered adviser | ~2,400 |
| Exempt reporting adviser | ~700 |
Counts are rounded.
Form ADV defines a private equity fund by what it is not. It is any private fund that is not a hedge fund, liquidity fund, real estate fund, securitized asset fund or venture capital fund, and that does not give investors redemption rights in the ordinary course. Buyout, growth, secondaries, infrastructure and many private credit funds can all be filed as private equity funds.
The count leaves some firms out and takes some in that a buyer might not call a private equity firm:
- Left out: advisers registered only with a state, which are not in the SEC file; ~220 advisers whose main office address the SEC withholds because it is a private residence, so they can't be placed in a state; ~1,100 advisers based outside the 50 states and DC; and 172 exempt filings we removed as suspect in the file of 2026-10-02, such as one identical asset figure filed by many unrelated new firms. The methodology explains the filter.
- Taken in: every adviser that reports at least one private equity fund, even when most of its private funds are of another type. Our ranking of the largest private equity firms keeps only advisers whose private equity funds are at least half of the private funds they report.
We publish no total of the assets these advisers report. A fund of funds reports the gross assets of its stakes in other funds, which those funds' own advisers report again, so a total would count the same money more than once.
Advisers reporting private equity funds, by state
New York has more advisers that report private equity funds than any other state, ~890, and more than California and Texas together. Per resident, New York (4.5 per 100,000), DC (4.3) and Connecticut (3.7) lead. Colorado's count still holds some recent exempt filings of a doubtful pattern that our suspect filter did not catch, so read it as high.
| State | In the public register | Per 100,000 residents | Share of US total |
|---|---|---|---|
| New York | ~890 | 4.5 | 29% |
| California | ~400 | 1.0 | 13% |
| Texas | ~330 | 1.0 | 11% |
| Florida | ~200 | 0.8 | 6.3% |
| Illinois | ~170 | 1.3 | 5.5% |
| Massachusetts | ~150 | 2.1 | 4.8% |
| Connecticut | ~140 | 3.7 | 4.3% |
| Colorado | ~130 | 2.2 | 4.2% |
| Pennsylvania | ~70 | 0.6 | 2.3% |
| New Jersey | ~50 | 0.5 | 1.7% |
| Ohio | ~50 | 0.4 | 1.6% |
| Georgia | ~50 | 0.4 | 1.5% |
| North Carolina | ~50 | 0.4 | 1.5% |
| Virginia | ~40 | 0.4 | 1.2% |
| Maryland | ~40 | 0.6 | 1.1% |
| Minnesota | ~30 | 0.6 | 1.1% |
| Tennessee | ~30 | 0.5 | 1.1% |
| District of Columbia | ~30 | 4.3 | 0.96% |
| Michigan | ~30 | 0.3 | 0.87% |
| Washington | ~30 | 0.3 | 0.87% |
| Utah | ~30 | 0.7 | 0.83% |
| Missouri | ~20 | 0.4 | 0.77% |
| Alabama | ~20 | 0.3 | 0.48% |
| Arizona | ~10 | 0.2 | 0.45% |
| Delaware | ~10 | 1.3 | 0.45% |
| Wisconsin | ~10 | 0.2 | 0.42% |
| Indiana | ~10 | 0.2 | 0.39% |
| Nevada | ~10 | 0.3 | 0.35% |
| Kansas | 9 | 0.3 | 0.29% |
| Louisiana | 9 | 0.2 | 0.29% |
| South Carolina | 8 | 0.1 | 0.26% |
| Oklahoma | 7 | 0.2 | 0.22% |
| Rhode Island | 6 | 0.5 | 0.19% |
| Idaho | 5 | 0.2 | 0.16% |
| Nebraska | 5 | 0.2 | 0.16% |
| Oregon | 5 | 0.1 | 0.16% |
| Wyoming | 5 | 0.8 | 0.16% |
| Arkansas | 4 | 0.1 | 0.13% |
| Iowa | 4 | 0.1 | 0.13% |
| New Mexico | 4 | 0.2 | 0.13% |
| Alaska | 3 | 0.4 | 0.1% |
| Kentucky | 3 | 0.1 | 0.1% |
| Maine | 3 | 0.2 | 0.1% |
| South Dakota | 3 | 0.3 | 0.1% |
| Vermont | 3 | 0.5 | 0.1% |
| New Hampshire | 2 | 0.1 | 0.06% |
| Hawaii | 1 | 0.1 | 0.03% |
| Montana | 1 | 0.1 | 0.03% |
| North Dakota | 1 | 0.1 | 0.03% |
| Mississippi | 0 | 0.0 | 0% |
| West Virginia | 0 | 0.0 | 0% |
Counts are rounded.
These are register counts, rounded, by the state of each adviser's main office. Branch offices are not counted. The list will hold fewer rows, because our checks leave out firms we can't confirm as current.
Largest firms and cities
We rank the advisers by the gross assets of the private funds they report on Form ADV, which is not fund size or assets raised:
- Largest private equity firms in the US: the top 100.
- Private equity firms in New York: the 25 largest with a New York City main office.
- Private equity firms in Chicago: the 25 largest with a Chicago main office.
Who buys a private equity firm list
We expect most buyers to be companies that sell services to fund managers. These are our assumptions about the market, not a list of customers:
- Placement agents and fundraising advisors, who look for managers raising a new fund.
- Fund administrators, auditors and fund lawyers, who sell to managers by fund count and registration type.
- Lenders, such as banks that offer subscription lines and other fund-level credit.
- M&A advisors and business brokers, who bring companies for sale to buyout firms.
- Software and data vendors, who sell portfolio-monitoring, investor-reporting and compliance tools.
The fund_types column will let you keep only advisers that also report venture capital or hedge funds, or drop them.
Free sample
Leave your email. Our first email asks you to confirm your address, then we send you 25 rows from this list, usually within one business day.
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Where the data comes from
The list starts from the SEC's monthly Form ADV data, file of 2026-10-02: the registered adviser file and the exempt reporting adviser file. We take the advisers that report a private equity fund in Item 7.B and have a main office in the 50 states or DC, remove suspect filings, match each firm to its own website and record the emails published there, with the page URL. For each order we check each email with the receiving mail server before it goes into your file.
Full methodologySEC Form ADV
Questions about the private equity firm list
Can I buy the private equity firm list now?
Yes. Choose nationwide or up to 10 states in the order panel on this page. It costs $499 nationwide, and state files start from $39. Delivered within 24 hours, usually much sooner. Nationwide files are verified and sent within 48 hours.
How many private equity firms are in Texas?
~330 SEC-registered and exempt reporting advisers that report private equity funds have a Texas main office in the SEC's Form ADV file of 2026-10-02. Texas ranks number 3 among the states and DC, after New York and California, and most of its advisers are in Dallas, Houston and Austin.
Does the list include the funds themselves?
No. Each row will be an adviser firm, the company that manages the funds. A firm can manage dozens of funds, and each one is listed under its adviser in Form ADV Schedule D, Section 7.B.(1). The row will carry the number of private funds the firm reports, not one row per fund.
Are exempt reporting advisers included?
Yes. Many smaller private fund managers are exempt reporting advisers: they file parts of Form ADV with the SEC without registering. Each row will say whether the firm is SEC-registered or an exempt reporting adviser, so you can keep one group.
Does it include partners or deal team members?
No. The list will have one row per firm, with the firm's own contact details and the emails published on its website. It will name no individuals.
Is there a free private equity database?
The SEC's Investment Adviser Public Disclosure site shows each adviser's Form ADV for free, one firm at a time, and the SEC publishes the monthly data files. What our list will add is the firm's website, the emails it publishes there with their source pages, and an email check, in one file with a column for each field.
Can I send email to private equity firms legally?
In the US, CAN-SPAM allows commercial email to businesses if you identify yourself, include a postal address and an opt-out, and honor opt-outs. This is general information, not legal advice. Read is buying an email list legal?
Sources
- SEC, Information About Registered Investment Advisers and Exempt Reporting Advisers, Form ADV data files ia100226.zip and ia100226-exempt.zip (file of 2026-10-02), https://www.sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers (accessed 2026-10-04)
- SEC, Form ADV Part 1A, Item 7.B and Schedule D Section 7.B.(1), https://www.sec.gov/about/forms/formadv-part1a.pdf (accessed 2026-10-04)
- SEC, Form ADV General Instructions and Instructions for Part 1A, Instruction 6 (private fund types) and Glossary term 19 (exempt reporting adviser), https://www.sec.gov/about/forms/formadv-instructions.pdf (accessed 2026-10-04)