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Adviser Profile

As of Date 05/06/2024
Adviser Type - Large advisory firm
- An investment adviser (or subadviser) to an investment company
Number of Employees 80 2.56%
of those in investment advisory functions 27 3.85%
Registration SEC, Approved, 03/11/1983
AUM* 15,168,007,761 19.54%
of that, discretionary 15,168,007,761 19.54%
Private Fund GAV* 620,590,353 23.06%
Avg Account Size 184,975,704 18.09%
% High Net Worth 2.44% -2.44%
SMA’s Yes
Private Funds 4
Contact Info 312 xxxxxxx
Websites

Client Types

- High net worth individuals
- Investment companies
- Pooled investment vehicles
- Pension and profit sharing plans
- Charitable organizations
- State or municipal government entities
- Insurance companies
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
15B 13B 11B 9B 7B 4B 2B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count3 GAV$310,336,389
Fund TypeOther Private Fund Count1 GAV$310,253,964

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Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
Stck Ticker874039100 Stock NameTAIWAN SEMICONDUCTOR-SP ADR $ Position$533,386,940 % Position5.00% $ Change-7.00% # Change-7.00%
Stck Ticker22663K107 Stock NameCRINETICS PHARMACEUTICALS IN $ Position$300,736,173 % Position3.00% $ Change10.00% # Change-4.00%
Stck TickerG3730V105 Stock NameFTAI AVIATION LTD $ Position$178,307,810 % Position2.00% $ Change11.00% # Change-14.00%
Stck Ticker45104G104 Stock NameICICI BANK LTD-SPON ADR $ Position$199,286,868 % Position2.00% $ Change9.00% # Change5.00%
Stck Ticker607828100 Stock NameMODINE MANUFACTURING CO $ Position$186,010,506 % Position2.00% $ Change68.00% # Change27.00%
Stck Ticker89377M109 Stock NameTRANSMEDICS GROUP INC $ Position$226,426,499 % Position2.00% $ Change1.00% # Change-3.00%
Stck Ticker98420N105 Stock NameXENON PHARMACEUTICALS INC $ Position$180,933,536 % Position2.00% $ Change5.00% # Change4.00%
Stck Ticker92243G108 Stock NameVAXCYTE INC $ Position$196,692,494 % Position2.00% $ Change35.00% # Change-11.00%
Stck Ticker859241101 Stock NameSTERLING INFRASTRUCTURE INC $ Position$70,560,786 % Position1.00% $ Change12.00% # Change-9.00%
Stck Ticker86333M108 Stock NameSTRIDE INC $ Position$63,916,214 % Position1.00% $ Change123.00% # Change84.00%

Brochure Summary

Overview

Driehaus Capital Management LLC is a privately held independent investment adviser based in Chicago, Illinois providing discretionary and non-discretionary advisory services to clients. We have been registered with the United States Securities and Exchange Commission (“SEC”) since 1983. We are a Delaware limited liability company that is majority-owned by Driehaus Capital Holdings LLLP. Driehaus Capital Holdings LLLP is owned by entities related to our deceased founder, Richard H. Driehaus. As of December 31, 2023, we managed $15,168,007,761 of client assets on a discretionary basis. We provide discretionary advisory and sub-advisory services to a diverse group of U.S. and non-U.S. clients, including corporate pension plans, public plans, endowments, foundations, single and multi-family offices, Driehaus Mutual Funds (an SEC registered investment company), affiliated pooled accounts, non-affiliated U.S. and non-U.S. registered and unregistered pooled investment vehicles and high net worth individuals. As of December 31, 2023, we provided non-discretionary advisory services to model account programs with respect to approximately $58,179,844 in assets. Since we do not have investment discretion or trading responsibility for these assets, they are not included in our regulatory assets under management provided above. Driehaus Capital Management LLC employs active equity and multi-asset alternative investment management strategies. We have experienced teams of investment, risk management, trading, operations and technology professionals managing and supporting our strategies. Our principal growth equity investment philosophy is based on the principle that markets tend to misprice stocks of companies following positive growth inflections
and these inefficiencies tend to follow predictable and investable patterns. The investment objective of our equity growth strategies is to maximize capital appreciation over a full market cycle (3-5 years). Our global equity philosophy relies on macroeconomic and secular industry-level trends to identify attractive investment opportunities. In addition to applying these macroeconomic views, the team leverages the fundamental research of the firm’s global investment teams and employs a quantitative screening tool to identify attractive themes and investments. Our alternative strategy is event-driven. Our event-driven philosophy is based on the belief that attractive event-driven investments exist in the global equity and credit markets because of the complexity of the capital structure, the non- traditional nature of event-driven investment opportunities, and the unwillingness of investors to participate in trades with binary outcomes. Our event-driven strategy seeks superior risk-adjusted returns with lower correlations to major asset classes and lower volatility than the S&P 500 Index. Our separate account clients generally follow a model portfolio for each strategy that invests in the same securities as other investors in the same investment strategy. However, separate account clients may impose certain investment restrictions, such as on specific securities or types of securities or limits on their weightings. As a result of client-imposed restrictions, these client accounts may not be aligned with a strategy’s model portfolio and performance differences can occur between the client’s account and the model portfolio for a strategy. In addition, we manage custom strategies for certain clients at their request that we do not actively market.